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FINRA SIE exam - Chap 1 Questions and Answers | 100% Correct $9.99   Add to cart
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FINRA SIE exam - Chap 1 Questions and Answers | 100% Correct
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FINRA SIE exam - Chap 1 Questions and Answers | 100% Correct What are the quailfications of a an accredited investor? ️️ Correct-1. 200,000 annual income (single) 2. 300,000 annual income (joint/married) (last two years) 3. $1,000,000 net worth EXCLUDING primary residence For accredited i...

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  • September 25, 2024
  • 11
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • finra sie exam chap 1 questions and answers 10

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

FINRA SIE exam - Chap 1 Questions and
Answers | 100% Correct

What are the quailfications of a an accredited investor?


✔️✔️Correct-1. 200,000 annual income (single)

2. 300,000 annual income (joint/married) (last two years)

3. $1,000,000 net worth EXCLUDING primary residence

For accredited investors does in include primary residence?

✔️✔️Correct-No! Must have a networth not including primary residence

What is the DTCC's goal?

✔️✔️Correct-to automate and centrailze clearing and settlement. The securities do not

have to be physical.

How are equities cleared? (i.e what agency?)

✔️✔️Correct-National Securities Clearing Corporation (NSCC)

✔️✔️Correct-what does the National Securities Clearing Corporation (NSCC) do?

- a subsidiary to the DTCC

- The National Securities Clearing Corporation (NSCC) provides clearing services for

the majority of broker-to-broker equity trades in the United States.

What is the purpose of clearing agencies/corporations? name 3 main suctions




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

✔️✔️Correct--It provides trade comparison and reporting services.



-It assists broker-dealers in transferring assets in a customer account to another broker-

dealer.



-It offers customers the ability to have real-time trade matching.

What does a DTC do?

✔️✔️Correct-has the responsibility for automated book-entry changes in the ownership of

securities

Where are non listed stocks found?

✔️✔️Correct-Over the counter markets (OTC equities) can be found on the OTCBB

(bulletin) board and OTC pink marketplace

Who maintains accounts for ominous accounts in clearing?

✔️✔️Correct-The introducing firms

What is a broker-dealer?

✔️✔️Correct-a financial intermediary that connects issuers of securities to investors

What does a broker do?

✔️✔️Correct-Brokers act as AGENTS that have commission by connecting buyers and

sellers (or issuers and investors)

What does it mean to be an agent and a principal



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