Series 24 - Study guides, Class notes & Summaries

Series 24 Question and answers rated A+ 2024/2025 Series 24 - Review A registered representative at your firm borrows $9,000 from another representative in the same branch office. As the principal, you become aware of this at the next scheduled compliance meeting of your firm. What action should you take? A. No action needs to be taken B. This is a "reportable event" that must be filed with FINRA promptly C. You should determine that one representative was not the customer of the othe...

Series 24 Questions with complete solution 2024/2025 Series 24 Variable Annuity Applications Forwarding to Issuer - correct answer Must be forwarded promptly! Variable Annuity Tender within 7 business days - correct answer BD refunds the underwriter and the underwriter refunds to the issuer Research Report Disclosure - correct answer Does not need to disclose if it was a selling group member. Max sales load Mutual Fund - correct answer 8.5% Concessions and Allowances - co...

ILTS 305 Elementary Education Exam Set Questions With Correct Answers Which one of these is the closest to a dance choreographer? a. dancer b. playwrite c. actor d. musician - ANSWER b. playwrite A meter stick is best to measure what? a. football field b. triangle c. yard d. elementary student - ANSWER d. elementary student Which equation is equivalent to 5 3/8 - 2 11/4? a. 45/8-11-4 b. 86/16 - 38/4 c. 43/8 - 11/8 d. 4 9/12 - 5 9/24 - ANSWER c. 43/8 - 11/8 What is the fractio...

Series 24 Question and answers 100% correct 2024/2025 Series 24 Markup/Markdown - correct answer When acting as a dealer. Difference between price customer gets when buying/selling stock compared to price another dealer would get -Markup: When Customer is buying stock from a dealer. -Markdown- When customer is selling stock to dealer. Inside Market - correct answer Lowest Ask/Offer and Highest bid The (Limit Order) Display Rule - correct answer -If customer limit order is acce...

Series 24 Vocabulary Questions with complete solution 2024/2025 Series 24 Vocabulary B/D may publish research reports when not acting as a distribution participant according to Rule ___ - correct answer 137 B/D may publish research reports when acting as a distribution participant for anther class of security (if selling stock, it can comment on debt) according to Rule ____ - correct answer 138 If an issuer is a reporting company, a B/D may publish research reports when acting as a...

Quiz Notes: Series 24 and answers complete solution 2024/2025 Quiz Notes: Series 24 What is a restricted account? - correct answer Account equity is less than 50% Are variable life insurance securities? - correct answer Yes Variable products and unit investment trusts, in which the return is tied to the performance of a separate account, are considered securities. Who are restricted persons? - correct answer Restricted persons include finders and fiduciaries (such as attorneys...

Series 24 Error Log Question and answers rated A+ 2024/2025 Series 24 Error Log - Investment Banking Which of the following are characteristics of the Securities Act of 1933? Requires registration of exchanges. Called the Truth in Securities Act. Requires full and fair disclosure of material facts. Enabled the Federal Reserve Board to determine margin requirements. - correct answer The Securities Act of 1933 regulates new issues of corporate securities sold to the public. The act is a...

Series 24 Total Question and answers correctly solved 2024/2025 Series 24 Total Green Shoe Provision - correct answer Can sell up to 15% overallotment. Must be in prospectus. Firm commitment underwriting only. Settlement for syndicates in an offering is? - correct answer 90 days When do firms file registration statement with Finra? - correct answer 3 business days after filing with SEC. If not filing with SEC, atleast 15 business days prior to first sale. Managing underwriter...

Series 24 Error Log Questions with complete solution 2024/2025 Series 24 Error Log - Financial Responsibility A broker/dealer that carries customer accounts and makes a market in eight stocks selling for less than $5 a share must maintain minimum net capital of: A) $1 million. B) $250,000. C) $25,000. D) $100,000. - correct answer The requirement for market makers is $1,000 for each stock selling for $5 or less; $2,500 for each stock selling at more than $5; a minimum requirement of ...

series 24 Question and answers rated A+ 2024/2025 Series 24 Security An investment that indicates ownership of a corporation (stock), a creditor of a corporation or a governmental body (bond), or rights to ownership (options, warrants), Securities Act of 1933 Governs the Primary Market, first piece of federal legislation covering the securities industry to set guidelines concerning full and fair disclosure in the primary market with the goal of ensuring that investors are provided wit...