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 7 STC Exam Questions with Correct Answers 100% Pass $12.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. STC
  4.  
  5. STC

Exam (elaborations)

Series 7 STC Exam Questions with Correct Answers 100% Pass
 1 view  0 purchase
  • Course
  • STC
  • Institution
  • STC

Series 7 STC Exam Questions with Correct Answers 100% Pass When an arbitrator has decided to expunge (remove) customer dispute-related information from the Central Registry Depository (CRD): - ANSWER-it's permanently deleted and not available to the public, regulators, or prospective employers...

[Show more]

Preview 3 out of 22  pages

Document information

  • November 19, 2024
  • 22
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • series 7 stc exam questions with correct answers 1

Written for

  • STC
  • STC

Seller

avatar-seller
SophiaBennett

Reviews received

Content preview

Series 7 STC Exam Questions with
Correct Answers 100% Pass

When an arbitrator has decided to expunge (remove) customer dispute-related

information from the Central Registry Depository (CRD): - ANSWER✔✔-it's

permanently deleted and not available to the public, regulators, or prospective

employers


The market price for a closed-end investment company is based upon: - ANSWER✔✔-

supply and demand for the shares in the marketplace. A closed-end investment

company share may sell at, above, or below its net asset value.


What type of bond is issued as a municipal bond and qualifies as a private activity

bond, but may not provide tax-exempt interest to certain investors? - ANSWER✔✔-

AMT bond




required to pay tax on the interest received from a private activity bond. The AMT rules

are enacted to ensure that higher income individuals pay a specified minimum amount

of tax




Copyright ©SOPHIABENNETT 2025 ACADEMIC YEARALL RIGHTS RESERVED. Page 1/22

,Which of the following is generally the largest portion of an underwriting spread? -

ANSWER✔✔-Selling concession


If securities are received as a gift, how is the cost basis determined? - ANSWER✔✔-It's

the lesser of the market value or the donor's cost basis.


FINRA's website address must be provided to each customer: - ANSWER✔✔-Annually


For individual investors, the interest derived from state-issued municipal bonds is

exempt from federal income tax. The investor may be subject to state income tax;

however: - ANSWER✔✔-It depends on the tax status of the investor's home state


The Jumpstart Our Business Startups (JOBS) Act established: - ANSWER✔✔-the rules

for small businesses to raise capital using the internet through a process that's referred

to as crowdfunding. Funds can only be received through an SEC-registered funding

portal that's established by a FINRA member. Funds cannot be sent directly to the

broker-dealer or the issuer.


All margin accounts are required to have their values calculated at the close of trading

on each business day. This procedure is referred to as: - ANSWER✔✔-Marking-to-the-

market


As a result of falling interest rates, a significant number of bonds that are held by a

bond fund have been called. Rather than reinvesting money, the fund has distributed

the proceeds to its shareholders as a return of capital. How will this distribution be

taxed to the shareholders? - ANSWER✔✔-It's not taxed since it's a return of cost basis.
Copyright ©SOPHIABENNETT 2025 ACADEMIC YEARALL RIGHTS RESERVED. Page 2/22

, Both a wash sale and a bond tax swap involve an investor selling a bond for a loss, then

repurchasing another bond to replace it. The bond tax swap allows an investor to -

ANSWER✔✔-deduct her loss; however, the wash sale rule (if triggered) disallows the

loss and doesn't allow the loss to be deducted. In order to avoid the wash sale rule, an

investor must repurchase a bond with material differences (e.g., a different interest rate

and/or maturity date).


Clients who want to reduce their tax liability may invest in which of the following? -

ANSWER✔✔-Traditional IRAs and limited partnerships


What information would NOT need to be disclosed by a broker-dealer in a research

report?




-The broker-dealer received compensation for assisting the company in an acquisition


-The analyst provided a target price for the company


-The analyst is a director of the company


-The analyst had owned shares in the company one year before writing the report -

ANSWER✔✔--The analyst had owned shares in the company one year before writing

the report


A broker-dealer is not required to respond to complaints that are delivered: -

ANSWER✔✔-Orally


Copyright ©SOPHIABENNETT 2025 ACADEMIC YEARALL RIGHTS RESERVED. Page 3/22

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 SophiaBennett. 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)

62555 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