Sipc - Study guides, Class notes & Summaries

An investor purchased a variable annuity from a financial adviser in her bank's investment services department. In the event of financial failure of the insurer, the annuity contract value is A. Protected by FDIC coverage B. Protected by SIPC coverage C. Protected by the state guaranty association D. Not protected Correct Answer C. Protected by the state guaranty association Which of the following riders does NOT guarantee an income benefit? A. Guaranteed Lifetime Withdrawal Benefit...

What is the U.S. Government agency that has enforcement authority over the U.S. securities markets? correct answer: SEC Both FINRA and the Securities and Exchange Commission (SEC) regulate and have enforcement capability over the U.S. securities markets and market participants. However, the SEC is a government agency, while FINRA is an SRO - a self-regulatory organization under SEC oversight. The Municipal Securities Rulemaking Board is another SRO that creates rules for municipal market ...

when can you share an OBO's info correct answers never can you even ask the OBO if you can do this does one member of a JTWROS need Trading Authorization to make investment decisions for the acoount correct answers no, a member of a JTWROS does not need this to make investment decisions for the account is principal approval sufficient for a 5 yr old firm to make a retail ad for specific stocks before it's sent to FiNRA correct answers yes this is all that has to happen before a 5 yr...

SIE EXAM 2024 LATEST UPDATE QUESTIONS AND VERIFIED ANSWERS GRADED A++ Federal Reserve Board Founded on December 23rd 1913, to oversee financial panics. Independent of direct political influence. Federal Reserve Act was passed to stabilize prices, maximize employment, moderate long term interest. FINRA vs MSRB FINRA oversees brokerage firms and their associated persons. MSRB- regulates the municipal securities market including dealers, municipal advisers, and issuers. Municipal Securiti...

SIE EXAM 2024 LATEST UPDATED QUESTIONS AND VERIFIED ANSWERS BY EXPERT GRADED A++ Federal Reserve Board Founded on December 23rd 1913, to oversee financial panics. Independent of direct political influence. Federal Reserve Act was passed to stabilize prices, maximize employment, moderate long term interest. FINRA vs MSRB FINRA oversees brokerage firms and their associated persons. MSRB- regulates the municipal securities market including dealers, municipal advisers, and issuers. Municip...

Business Cycle Order correct answer: Expansion, Peak, Contraction, Trough Notice Filing correct answer: A method of registering securities at the state level that is only for Federal Covered Securities Downturns in the business cycle or economic contractions are characterized by all of the following correct answer: higher consumer debt rising numbers of bond defaults rising numbers of bankruptcies Which of the following would be associated with loans made to member banks of the Fed...

Reverse Convertible Securities correct answers Higher coupon, could be forced to convert to an unrelated asset (or basket/index). Good for investors who think the underlying asset will be stable. When trading on a net basis, _____ correct answers BD acts as a principal. Markup/markdown does not need to be disclosed. Form U5 correct answers The uniform termination notice for securities industry registration. Retention period is 3 years. When is the earliest that a firm can sold out of an...

The securities industry's primary regulatory body and created under what act? - SEC, Securities Exchange Act of 1934 Function under the SEC's oversight and is accountable to the Commission for enforcing federal securities laws, as well as supervising securities practices within an assigned jurisdiction. - Self Regulatory organizations (SRO) what are the largest SROs - Financial Industry Regulation Authority (FINRA), Chicago Board Options Exchange (CBOE), Municipal Securities Rulemaking B...

The securities industry's primary regulatory body and created under what act? - ️️SEC, Securities Exchange Act of 1934 Function under the SEC's oversight and is accountable to the Commission for enforcing federal securities laws, as well as supervising securities practices within an assigned jurisdiction. - ️️Self Regulatory organizations (SRO) what are the largest SROs - ️️Financial Industry Regulation Authority (FINRA), Chicago Board Options Exchange (CBOE), Municipal Secur...

STC SIE Exam Prep | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS Who keeps track of the shareholders of a mutual fund? A. The custodian bank B. The transfer agent C. The investment adviser D. The underwriter - Answer -B. The transfer agent Which of the following choices would NOT be subject to the holding period restriction under Rule 144? A. Restricted stock acquired under an investment letter B. Restricted stock acquired under a stock option plan C. Control ...