100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Series 24 Exam Questions and Answers | 100% Pass $12.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. Sie
  4.  
  5. Sie

Exam (elaborations)

Series 24 Exam Questions and Answers | 100% Pass
 0 view  0 purchase
  • Course
  • Sie
  • Institution
  • Sie

Series 24 Exam Questions and Answers | 100% Pass Form NMA - Answer️️ -Opens 180 day window for new application for b/d registration Finra responsibilities - Answer️️ -Obl/authority interpret rules, fees, compliance issues, disputes, CRD, education Form BD - Answer️️ -form used by B...

[Show more]

Preview 3 out of 24  pages

Document information

  • September 25, 2024
  • 24
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • series 24 exam questions and answers 100 pass

Written for

  • Sie
  • Sie

Seller

avatar-seller
EmillyCharlotte

Content preview

TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024

Series 24 Exam Questions and Answers
| 100% Pass


Form NMA - Answer✔️✔️-Opens 180 day window for new application for b/d registration


Finra responsibilities - Answer✔️✔️-Obl/authority interpret rules, fees, compliance issues,

disputes, CRD, education

Form BD - Answer✔️✔️-form used by B/D to register with SEC, SRO's. Must be updated

within 30 days when out of date.

Form CMA - Answer✔️✔️-must be filed electronically when there is a change in

ownership or control.

Finra regulates which securities? - Answer✔️✔️-OTC nonexempt securities

Nasdaq rule 1014 - Answer✔️✔️-org chart, business plan, supervisory systems, financial

projections, record keeping

When are DBA's acceptable? - Answer✔️✔️-acceptable if filed with finra and commission

Each B/D must have a min of how many principals register (except for Sole

proprietors)? - Answer✔️✔️-2 principals (min)

DMR ( Dept of Member Registration) process/responsibilities? - Answer✔️✔️-review

applicants capital, scope of business harmony with public interest and protection of

investors.
1/24

,TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
DMR issues a written decision within how many days of the pre-membership interview?

- Answer✔️✔️-30 days (grant the application, deny it, grant with restrictions)

Finra requires how many resident principals for Office of Supervisory Jurisdiction? -

Answer✔️✔️-1 resident principal

What is statutory disqualification? - Answer✔️✔️-disciplinary actions in the last 10 years

by SEC.

What is form MC400? - Answer✔️✔️-Form that needs to be completed if a firm wants to

sponsor a person who was disqualified. Disqualifications also include DUI and assault,

however, they do not pose a risk to investors and may be approved.

What is the fee paid by firms to employee statutory disqualified employees (if approved

by finra)? - Answer✔️✔️-$1500 annually Tier 1

$1000 annually Tier 2

If Finra bars or suspends a Associated Person, member firms cannot - Answer✔️✔️-

employee these people in any capacity

What is rule 9522? - Answer✔️✔️-Dept of Member Regulation (DMR) has right to

approve statutory disqualified persons to become an associate of a member firm.

What is rule Rule 4530 - Answer✔️✔️-must report within 30 calendar days.

What is Form BDW used for ? - Answer✔️✔️-used to withdraw registration as a B/D

Member firms membership can be suspended/revoked if feed are not paid with in how

many days? - Answer✔️✔️-15 days


2/24

, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
When is a principal required? - Answer✔️✔️-1)actively engaged in mngt of investment

banking/securities business

2) When supervising associated persons

How many days does a b/d have to respond to a potential employer regarding an

associated person? - Answer✔️✔️-10 business days

How many years of employment do principals need check before signing U-4? -

Answer✔️✔️-3 years

Finger printing - Answer✔️✔️-3 attempts

summer interns do not need finger printing

non- registered persons - outside bookkeeping vendors

U-5 - Answer✔️✔️-1) must be completed in 30 days of termination.

2) new employer gets U-5 from Finra (not former employer)

3) if requested, new employee has 2 business days to forward u-5 to employer

Regulatory element requirements - Answer✔️✔️-120 days after 2nd registration

anniversary and every 3 years there after. If person fails to meet requirement, license

will be "inactive'. Cannot perform any job duties. In-Firm exemptions may apply if

approved by Finra.

Firm element - Answer✔️✔️-annual training by firm to review regulatory developments,

sup needs, scope of member business activities.




3/24

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 EmillyCharlotte. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

78121 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$12.49
  • (0)
  Add to cart