Sipc Study guides, Class notes & Summaries

What is the maximum amount of SIPC coverage available to each separate customer? - $500,000 including up to $250,000 in cash If a customer purchases securities and does not settle the account 4 business days, what should the brokerage firm do first? - Ask for an extension of time from the SRO or cancel the trade and sell off the purchased securities When must a customer who purchases securities in a cash or margin account pay for the securities? - 4 business days What is the maximum insur...

What is the maximum amount of SIPC coverage available to each separate customer? - $500,000 including up to $250,000 in cash If a customer purchases securities and does not settle the account 4 business days, what should the brokerage firm do first? - Ask for an extension of time from the SRO or cancel the trade and sell off the purchased securities When must a customer who purchases securities in a cash or margin account pay for the securities? - 4 business days What is the maximum in...

What is the maximum amount of SIPC coverage available to each separate customer? correct answer: $500,000 including up to $250,000 in cash If a customer purchases securities and does not settle the account 4 business days, what should the brokerage firm do first? correct answer: Ask for an extension of time from the SRO or cancel the trade and sell off the purchased securities When must a customer who purchases securities in a cash or margin account pay for the securities? correct answer...

CFP EXAM 2024 WITH 100% ACCURATE SOLUTIONS Savings Strategy: How much of your gross income should you save? - correct answer 5-8% Securities Act of 1933 - correct answer Purchasers of new issues must be provided with a detailed prospectus before transaction. Securities Act of 1934 - correct answer Regulates the secondary Market or trading of issued securities. This act created the SEC Investment Company Act of 1940 - correct answer SEC can regulate UITs, Mutual funds, and variable ...

The Securities & Exchange Commission (SEC) was created by Congress in A 1929 B 1933 C 1934 D 1940 - Answer- 1934 The Act of '34 created the SEC. The term 'disclaimer' is most often associated with A The fact that no agent can guarantee a customer against loss B The fact that unregistered securities are more risky than registered ones C The fact that the government cannot guarantee the accuracy of the information in a prospectus D None of the above - Answe...

Annuity Suitability Certification Training Final ExamAn 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 incom...

What is the maximum amount of SIPC coverage available to each separate customer? - $500,000 including up to $250,000 in cash If a customer purchases securities and does not settle the account 4 business days, what should the brokerage firm do first? - Ask for an extension of time from the SRO or cancel the trade and sell off the purchased securities When must a customer who purchases securities in a cash or margin account pay for the securities? - 4 business days What is the maximum insur...

CFP Exam Questions & Answers 2024/2025 Savings Strategy: How much of your gross income should you save? - ANSWERS5-8% Securities Act of 1933 - ANSWERSPurchasers of new issues must be provided with a detailed prospectus before transaction. Securities Act of 1934 - ANSWERSRegulates the secondary Market or trading of issued securities. This act created the SEC Investment Company Act of 1940 - ANSWERSSEC can regulate UITs, Mutual funds, and variable life insurance/annuities. Securit...

Which of the following will a syndicator of a blind pool real estate investment trust include in the investment policy statement? A. The estimated location of the real estate purchases B. A disclosure that investment losses are guaranteed by SIPC C. A statement which breaks down the contributions made by limited partners D. The estimated timing of the real estate purchases correct answers C. A statement which breaks down the contributions made by limited partners Blind pool real estat...

Savings Strategy: How much of your gross income should you save? CORRECT ANSWER 5-8% Securities Act of 1933 CORRECT ANSWER Purchasers of new issues must be provided with a detailed prospectus before transaction. Securities Act of 1934 CORRECT ANSWER Regulates the secondary Market or trading of issued securities. This act created the SEC Investment Company Act of 1940 CORRECT ANSWER SEC can regulate UITs, Mutual funds, and variable life insurance/annuities. Securities investment Prote...