Exam (elaborations)
Series 24 STC Chapter 1 questions well answered already passed
- Course
- Institution
Series 24 STC Chapter 1 questions well answered already passed
[Show more]
Content preview
Series 24 STC Chapter 1SRO - correct answer ✔✔Self-Regulating Organization
REIT - Real Estate Investment Trust - correct answer ✔✔At least 75% of gross income derived solely from
real estate rent or interest on mortgages
95% of gross income derived from real estate activities or dividends and interest
Must be a trust
Must distribute at least 90% of income. Shareholders responsible for tax
Nontraded REIT - correct answer ✔✔Offers limited liquidity
Provide valuations within 18 months after cessation
ADR - correct answer ✔✔Claim to foreign securities
Sponsored = pay cost
Reverse Convertible Security - correct answer ✔✔short-term notes issued by banks and bd's which pay a
coupon rate above prevailing market rates.
SEC Reporting Company - correct answer ✔✔Issuer has securities listed on a national securities
exchange / publicly traded corporation total assets >$10,000,000 and more than 500 shareholders
PIPE - correct answer ✔✔Private Investment in Public Equity
Distribution of restricted securities to small group of accredited investors
Securities Act of 1933 - correct answer ✔✔Requires nonexempt securities to be registered with SEC.
Attempts to prevent fraud in the sale of new issues by requiring investors be provided with enough
relevant information about the offering to make an informed decision
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BravelRadon. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75619 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now