Finra series 24 - Study guides, Class notes & Summaries

Series 24 crunch time facts Question and answers correctly solved 2024/2025 Series 24 crunch time facts Chapter 1 - correct answer o The Effective Date of an IPO is determined by the SEC (NOT FINRA or the issuer). o If the SEC sues an issuer and underwriter for false statements and/or material omissions in a prospectus, the customer may still file a lawsuit against both the issuer and the underwriter. o What would preclude an issuer from obtaining WKSI status? Involvement in bankruptcy i...

Series 24 STC Question and answers already passed 2024/2025 Series 24 STC - Chapter 12 Items to remember - correct answer Set Alarm for 8:00am (market opens) Snooze only 1 time for 15 min (report by 8:15) Cannot set clock ahead Synchronize clocks every day w/ NIST w/in 1 second Office hours from 9:30am until 4pm and no sleeping on the job When you are on the job must answer on the 1st ring (trade reporting) within 10 seconds If you stay late, get the trade in by 8:15 Per FINRA Rule...

Series 24 Databank Questions with complete solution 2024/2025 Series 24 Databank - FINAL 1 The Corporate Financing Rule allows an issuer of securities that are "hot" to direct sales of that issue to which of the following persons? - correct answer However, new issues, whether "hot" or not, cannot be purchased by employees or officers of FINRA member firms, unless these individuals are also employees or officers of the issuer whose shares are being sold through the IPO. If a member f...

Progress Exam 1 Question and answers 100% correct 2024/2025 Progress Exam 1B - Series 24 The BOD of a listed issuer is considering taking the company private. Which of the following is TRUE? A. This activity requires the approval from FINRA and the filing of a Reg. D disclosure form. B. The issuer must reduce the number of voting shareholders below 100 before it can go private. C. Schedule 13 E-3 must be filed with the SEC. D. All current shareholders must be given the opportunit...

Series 24 Question and answers 100% correct 2024/2025 series 24 - Chap 10 - NASDAQ & MARKET MAKING, NYSE MARKET & DESIGNATED MARKET MAKER to be a market maker in a nasdaq security the BD must maintain a file of... - correct answer 1. current information about the compnay - latest annual report and prospectus 2. have reason to believe the companys filings with SEC are current - SEC / Finra approval is not required for someone to make a market in a particular ecurity Market makers in ...

Timelines Question and answers correctly solved 2024/2025 Timelines (Series 24) Following a pre-membership interview, how long does FINRA have to approve or deny an application? - correct answer 30 How long after the closing of a customer's account must a broker-dealer preserve records which relate to the terms and conditions with respect to the opening and maintenance of the account? - correct answer 6 Years Blotters must be maintained for: - correct answer 6 Years Most reco...

Series 24 Unit 4 Questions with complete solution 2024/2025 Series 24 Unit 4 FINRA "look back" period rule - correct answer Two years for political contributions, 6 MONTHS for NEWLY COVERED ASSOCIATES. Intended to prevent members from circumventing pay-to-play rule by hiring people who have already made political contributions FINRA pay-to-play rule exceptions - correct answer Associated person, NOT THE FIRM, who makes a financial contribution to a government official who the AP can ...

Series 24 Practice Final Questions Part 1 Question and answers correctly solved 2024/2025 Series 24 Practice Final Questions Part 1 A firm's investment banking department needs the assistance of an analyst from the research department. This would involve giving the analyst access to recordkeeping & support systems that must only be accessed from within their investment banking department. How can the analyst be give this access without violating FINRA's information barrier rules? - correct...

Series 24 Quick sheet Question and answers rated A+ 2024/2025 Series 24 Quicksheet what is the 'grace period' for fees being paid to FINRA? - correct answer 21 days until membership revoked or suspended how long do you need to notify FINRA before making a material change to the firm? - correct answer 30 days how long do you have to report an AP having a statutory disqualifying event? - correct answer promptly to FINRA, no more than 30 days what leads to statutory DQ from FIN...

Series 24 Question and answers correctly solved 2024/2025 Series 24- Regulations Regulation SHO - correct answer Regulates the practice of selling short. The order tickets must be marked long or short and there must be a locate if short sale. Defines a threshold security as a fail to deliver that has existed for 5 consecutive days. Firms must close out the fail on the 14th business day. Short positions must be reported to FINRA twice a month. Regulation M - correct answer created to p...