A broker-provider is permitted to just accept charge for a new difficulty from a new patron when
the - ANS-registration is powerful
A organization announces a gentle presenting to its shareholders with the purpose to shop for a
maximum of 1 million of its stocks first-rate at $10 per proportion and units no minimal wide
variety of stocks to be bought. An investor desires to take part in this provide and tenders his
1,000 proportion position. At the close of the provide length, most effective 900,000 shares had
been tendered. How many, if any, of the investor's stocks will the agency buy? - ANS-1,000
A patron buys a 1 ABC Jan 35 placed for a premium of $three and simultaneously buys one
hundred stocks of ABC inventory for $35 in keeping with proportion. The patron will destroy
even when the stock is promoting at what price in line with percentage at expiration? - ANS-$38
A customer has a cash balance in her account together with long positions in numerous
securities. She has made no securities transactions within the account at some point of the
beyond 18 months. How often must the company send her account declaration? -
ANS-quarterly
A firm is a player in a public presenting. To sell a huge amount of the securities to its customers,
the company is of the same opinion to repurchase the stocks at no less than the authentic sales
price. Such agreements are - ANS-prohibited as fraudulent and manipulative
A married couple who earned earnings that exceeded $three hundred,000 in each of the earlier
years and reasonable expects the identical for the present day 12 months is - ANS-an
authorized investor
A registered consultant wants to participate in a non-public securities transaction. Which of the
following actions must the RR take? - ANS-send written note to his manager outlining the hobby
and compensation structure
A transaction wherein a author covers a position by using shopping an option is called - ANS-a
remaining the acquisition
An associated character who isn't always a registered consultant is allowed to have interaction
wherein of the subsequent? - ANS-provide account starting paperwork to a new client
At problem, which of the subsequent debt securities mature in one year or much less? -
ANS-money marketplace units
Blue sky laws are regulated with the aid of which entities? - ANS-state securities regulators
Direct participation programs offer - ANS-publicity to non-correlated belongings with steady
returns
FinCEN accomplishes its assignment to guard the economic device from the abuses of financial
crime, inclusive of terrorist financing and money laundering, with the aid of enforcing - ANS-the
Bank Secrecy Act
If a market maker posts a quote of 10.00-10.10 [25x10], which of the subsequent actions is the
marketplace maker inclined to take? - ANS-buy 2,500 shares at 10.00 and sell 1,000 shares at
10.10
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