Series 79 || with 100% Error-free Answers.
Earnings yield correct answers Inverse of P/E ratio = 1/(P/E)
ROE correct answers NI/ Avg Stockholders Equity
ROA correct answers NI/ Average Assets
A typical IPO process (7 steps) correct answers 1) Pitch for business (bake-off)
2)Win mandate
3)Sign engagement letter
4)File registration statement
5)Book building/ marketing
6)Go effective (shares are registered under '33 Act)
7)Confirm allocations and distribute securities to investors
When must you file a SAR correct answers SAR must be filed within FinCEN within 30 days of
the discovery of the suspicious activity, regardless of when the firm decides to file the report
Firms are required to inspect OSJs at least? correct answers Office of supervisory jurisdiction
(OSJ)
Once per year
Currency transactions in excess of $10,000 correct answers A CTR is used to report transactions
in excess of $10,000 to FinCEN. It is known as Form 104
Form 3 correct answers Individual becomes corp insider (i.e. officer, director, or > 10%
shareholder)
within 10 days
Form 4 correct answers Corp insider changes holdings
within 2 business days
Form 5 correct answers Corp insider reports transactions in SECs not in public markets
45 calendar days of fiscal year end
13D correct answers Statement of beneficial ownership of greater than 5% active investor
10 calendar days of transaction
10 calendar days of any material change to ownership (1%) or intentions
13G correct answers Passive statement of beneficial ownership of greater than 5%
,45 calendar days of calendar year end when owning > 5%
If passive investor hits 10%, it must be filed at the end of that month
If passive investor hits 20%, they must file a 13D
13E-3 correct answers Going private
Concurrently with a tender offer, registration statement or other privatization document
13F correct answers Quarterly filing by institutional investment managers ($100mm+ in assets)
Form 144 correct answers Corporate insider preparing to sell shares
Up to first day of 90-day period when shares are sold
10Q correct answers Quarterly financial report
Large accelerator - 40 calendar days
Accelerated - 40 calendar days
Non accelerated - 45 calendar days
Smaller reporting - 45 calendar days
10K correct answers Annual financial report
Large accelerated - 60 calendar days
Accelerated - 75 calendar days
Non accelerated - 90 calendar days
Smaller reporting - 90 calendar days
8K correct answers Current report - newsworthy item
4 business days of event
6K correct answers Current report for foreign issuer
Filed with SEC 10 days prior to definitive agreement
DEF14A correct answers Definitive proxy statement
Distributed to shareholders and filed with SEC 20 days prior to shareholder meeting
, If made available online, 40 days prior to shareholder meetings
Schedule TO correct answers Includes terms of a tender offer
Filed to commence offer, must be made available for at least 20 business days
S-1 correct answers Long form registration statement - used for IPO
S-3 correct answers Short form registration statement - used for follow-on offering
S-4 correct answers Merger registration
S-8 correct answers Employee benefits plan
S-11 correct answers REITS
Currency transaction report (CTR) correct answers Anti-money laundering form
Cash deposits in excess of $10,000 in a single day
File with FinCEN within 15 days of deposit
Suspicious activity report (SAR) correct answers Anti-money laundering form
Any suspicious activity by a customer
File with FinCEN within 30 days of learning of the suspicious activity
FINRA Form U-4 correct answers Registration of BD personnel
10 year of employment history
3 years verified the three most recent years
Settlements of $15,000 or more in securities-related litigation involving a registered rep
Settlements of $25,000 or more in securities-related litigation involving a firm
Settlements below this do not require disclosure
Amended within 30 days of change or 10 days for disciplinary reasons
FINRA Form U-5 correct answers Termination of registration for BD personnel
Rep has two years to re-associate with another member before needing to requalify by
examination
Within 30 days of termination, or 10 days for termination for cause
M&A Timeline
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