Account statements - ANS-show: -all activity inside the account because the preceding
assertion
-securities positions, lengthy or short
-account balances (debit or credit
Accredited Investor - ANS--has a internet worth of 1 million or more, no longer inclusive of net
equity
-has had an annual earnings of 200k or more in every of the 2 most latest years
Advantages of Limited Partnership - ANS--funding managed by means of others
-restrained legal responsibility(can most effective lose the quantity invested)
-glide-thru of profits and certain prices
american fashion alternatives - ANS-may be exercised at any time earlier than expiration
annuity - ANS-insurance agreement designed to provide retirement earnings
balloon bond problem - ANS-pays off main portion of bond at adulthood however pays part of
the important in the course of
Banker's Acceptance - ANS-short-time period time draft with a precise price date drawn.
Payment date is usually among 1 and 270 days.
Blotter - ANS-record of original access
Broker-Dealer that does not comply is challenge to: - ANS--censure
-limits on sports
-suspension
-revocation of reg
-nice
call hazard - ANS-threat that a bond is probably referred to as earlier than adulthood and an
investor may be unable to reinvest the fundamental at a comparable price of return
callable preferred stock - ANS--stock that may be sold returned from buyers at a said charge
after a speciifed date
Carrying Firm - ANS--incorporates patron accounts and accepts price range and securities from
clients
-largest dealer-sellers
Central Registration Depository (CRD) - ANS-A automatic information machine that is
maintained by using FINRA to offer registration records regarding broking-dealers and
registered representatives.
Certificates of deposit - ANS-time deposits that kingdom the quantity of the deposit, maturity,
and charge of hobby being paid. Generally large than 1 million.
Class A shares - ANS-Shares of a mutual fund that costs a the front-stop income fee. Sales
charges are paid at the time an investor buys shares and the income rate is taken from the full
amount invested
class B shares - ANS-returned-quit income load, a contingent deferred charge. Paid at the time
an investor sells shares previously bought
, class C shares - ANS-generally have 365 days sales rate and a shareholder offerings price
closed-stop investment organization - ANS-boost capital for its portfolio by using engaging in a
commonplace stock imparting
Code of Arbitration Procedure - ANS-The formal method of handling securities-associated
disputes or clearing controversies among contributors, public customers, clearing companies, or
clearing banks. Any claim, dispute or controversy among member companies or related
individuals ought to be submitted to arbitration.
Code of Procedure (COP) - ANS-The formal system for dealing with change exercise court
cases involving violations of the Conduct Rules. The Department of Enforcement (DOE) is the
primary body to hear and choose court cases. The National Adjudicatory Council handles
appeals and review of DOE choices.
Common Hedge Fund Strategies - ANS--quite leveraged portfolios
-the usage of quick positions
-the usage of by-product products such as alternatives and futures
-foreign money speculation
-commodity speculation
-funding in politically risky worldwide markets
conduct rules - ANS-Industry rules relating to a broker-dealer's transactions with the public.
Every exchange and securities association has a comparable set of regulations
convertible favored stock - ANS-stock that permits the desired stockholders to transform their
shares into not unusual inventory
Coordination - ANS--form of registering securities
-company documents with the kingdom on the same time it files with the SEC
covered alternative writing - ANS-options settlement wherein the author already owns the
underlying safety, ensuring the capacity to perform need to the proprietor exercising the
settlement
cumulative - ANS-accrues bills due its shareholders inside the event dividends are reduced or
suspended
contemporary yield - ANS-a bond's annual coupon divided through its price
purchaser ledgers - ANS-purchaser statements that must be published no later than agreement
date
discretionary account - ANS-account set up with the preapproved authority for a registered
representative to make transactions without having to invite for a particular approval is a
discretionary account
dividends - ANS-distributions of a employer's income to its shareholders
set up purchaser - ANS--someone who's held an account witht eh dealer-dealer for at the least
365 days or
-has made at least 3 penny stock purchases
ETF advantages - ANS--pricing and ease of buying and selling
-margin
-running costs
-tax efficiency
European-style option - ANS-can handiest be exercised on the expiration date
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