Municipal securities - Study guides, Class notes & Summaries

Securities Industry Essentials Exam || Definition of Key Terms and Principles (100% Correct) Securities Industry Essentials Exam || Definition of Key Terms and Principles (100% Correct) Three Phases of Underwriting - ANSWER - 1. prior to filing of the registration statement, no sales can be solicited and no prospectus can be circulated 2. file reg 3. cooling off period: no one can solicit sales during period but indications of interest can be solicited 4. effective date (offering period ...

Securities Industry Essentials UPDATED Actual Exam Questions and CORRECT Answers What is an SRO, list them. - CORRECT ANSWER- Self Regulated Organization 1. FINRA (Financial Industry Regulatory Authority) 2. CBOE (Chicago Board Options Exchange) 3. MSRB (Municipal Securities Rulemaking Board

STC SIE Exam Final Practice Questions with 100% Correct Answers Which of the following statements is TRUE concerning periodic payment variable annuities? A. A client's number of annuity units never changes B. A client's number of accumulation units never changes C. Annuity contracts never have a beneficiary D. The monthly payout is fixed by the inflation index - Correct Answer ️️ -A. A client's number of annuity units never changes Which of the following securities would be subje...

According to MSRB rules, to be considered to be "regular way" settlement correct answers Settlement date is trade date plus three business days. Regular way settlement for municipal bond transactions is Trade date plus 3 business days (T+3). Muni Firm has a control relationship with an issuer for which it is distributing a new issue. RR wants to sell some of the securities to a discretionary client but the client cannot be reached. What can the RR do with regard to executing the transaction...

2024 SIE Exam - Complete Solutions (Answered) An investor purchased 100 units of the Connecticut Municipal Securities Trust. Which of the following statements concerning this investment in the UIT is accurate? A The shares must be liquidated in the open market and offer reinvestment provisions back into the trust B The shares are redeemable and offer reinvestment provisions back into the trust C The shares are redeemable but do not offer reinvestment provisions back into the trust D The shares...

The enforcement authorities for the U.S. securities markets and market participants include: I FINRA II SEC III MSRB A. I only B. I and II C. II and III D. I, II, III - Answer- The best answer is B. Both FINRA and the Securities and Exchange Commission (SEC) regulate, and have enforcement capability over, the U.S. securities markets and market participants. The Municipal Securities Rulemaking Board creates rules for municipal market participants, but has no enforcement ability - enfo...

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 ...

Which of the following would most likely be registered with the state Administrator? A) A municipal revenue bond B) A mutual fund C) An NYSE-listed company's common stock D) A distribution of an interest in a mining or real estate venture ☑: D According to the Uniform Securities Act, which of the following statements is NOT TRUE concerning a private placement offering? A) The offer may not be made to more than 10 retail investors in the state during any 12-month period. EXCELLENCE ...

ACC356 Final Complete Questions And Answers A correct valuation for debt securities is ANS held-to-maturity at amortized cost. Which of the following securities could be classified as held-to-maturity? ANS Municipal bonds Unrealized holding gains or losses that are recognized in income are from debt securities classified as ANS trading Debt securities acquired by a corporation which are accounted for by recognizing unrealized holding gains or losses as other comprehensive income and...

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...