Brokercheck - Study guides, Class notes & Summaries

SIE Practice Exam Questions and Answers Already Passed Which type of shareholder voting method ensures that each share counts as one vote and requires that votes be distributed evenly among all candidates? Statutory voting What is the term for the market where securities listed on exchanges are traded directly over-the- counter, providing large institutional investors with direct transaction options, liquidity, and privacy? Third market If an investor sells a naked call option o...

Why was FINRA created? correct answers - Eliminate duplicate regulation by NASD and the NYSE - Strengthen the competitiveness of U.S. markets What is the mission of the SEC? correct answers Protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation FINRA has the obligation (or authority) to... correct answers - Establish and interpret rules regulating the OTC markets - Take appropriate steps to ensure compliance with these rules - Examine and inve...

Registered representatives may be compensated based on which of the following? I Trading commissions paid by the brokerage firm to the representative II Trading commissions paid by the customer to the representative III Salary paid by the brokerage firm to the representative IV Salary paid by the customer to the representative I and III Compensation cannot be paid by the customer to the registered representative. Only the broker-dealer may pay compensation to the registered representati...

Which corporate voting procedures entitles a shareholder to one vote per share, and votes must be divided evenly among the candidates being voted on? correct answer: Statutory voting What market refers to the trading of exchange-listed securities in the over-the-counter market? These trades allow institutional investors to trade blocks of securities directly, rather than through an exchange, providing liquidity and anonymity to buyers. correct answer: Third market An investor sells a nak...

Which corporate voting procedures entitles a shareholder to one vote per share, and votes must be divided evenly among the candidates being voted on? - correct answer Statutory voting What market refers to the trading of exchange-listed securities in the over-the-counter market? These trades allow institutional investors to trade blocks of securities directly, rather than through an exchange, providing liquidity and anonymity to buyers. - correct answer Third market An investor sells a nak...

Which corporate voting procedures entitles a shareholder to one vote per share, and votes must be divided evenly among the candidates being voted on? - Statutory voting What market refers to the trading of exchange-listed securities in the over-the-counter market? These trades allow institutional investors to trade blocks of securities directly, rather than through an exchange, providing liquidity and anonymity to buyers. - Third market An investor sells a naked call on Omikron for a $250 p...

Which corporate voting procedures entitles a shareholder to one vote per share, and votes must be divided evenly among the candidates being voted on? - Statutory voting What market refers to the trading of exchange-listed securities in the over-the-counter market? These trades allow institutional investors to trade blocks of securities directly, rather than through an exchange, providing liquidity and anonymity to buyers. - Third market An investor sells a naked call on Omikron for a $250 p...

Which corporate voting procedures entitles a shareholder to one vote per share, and votes must be divided evenly among the candidates being voted on? - ️️Statutory voting What market refers to the trading of exchange-listed securities in the over-the-counter market? These trades allow institutional investors to trade blocks of securities directly, rather than through an exchange, providing liquidity and anonymity to buyers. - ️️Third market An investor sells a naked call on Omikron...

What is the U.S. Government agency that has enforcement authority over the U.S. securities markets? - 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 participants, b...

SIE Practice Exam 2024 with complete solution Which corporate voting procedures entitles a shareholder to one vote per share, and votes must be divided evenly among the candidates being voted on? Statutory voting What market refers to the trading of exchange-listed securities in the over-the-counter market? These trades allow institutional investors to trade blocks of securities directly, rather than through an exchange, providing liquidity and anonymity to buyers. Third market An inves...