Msrb - Study guides, Class notes & Summaries

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

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...

All of the following are terms associated with preferred stock EXCEPT? A Convertible B Callable C Cumulative D Redeemable - ANSWERD Redeemable What entity was created to maintain an electronic book entry record of stock ownership and to handle a high volume of daily transactions? A DTC B FINRA C OCC D MSRB - ANSWERA DTC An exploratory oil and gas limited partnership has: A low risks B low mineral rights costs

SIE Practice Exam 2 Questions and Answers Already Passed What documentation is required by the IRS if a taxpayer uses the substantially equal periodic payment (SEPP) exception to avoid early withdrawal penalties? A. Evidence of financial difficulty B. Proof that withdrawals are for qualified medical or educational expenses C. Verification of proper tax withholding D. None of these options D What term refers to an individual who provides compensation-based advice on securities, m...

The redemption value of an open-end investment company's shares is based on the: previous offering price previous closing NAV NAV computed after the order is received offering price computed after the order is received : NAV computed after the order is received The computation of dollar prices and accrued interest on municipal bonds is normal on what calendar basis? 30/360 30/365 Actual/360 Actual/365 : 30/360 Blue-sky laws are regulated by which of the following entities? 2 | P ...

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 ...

MSRB Rules Exam Practice Questions and Answers 100% Pass The MSRB limits gifts related to your activities as a registered representative to - Correct Answer️️ -$100 value per person per year What MUST be approved/reviewed by the municipal principal? - Correct Answer️️ -1. Each new account 2. Each municipal trade 3. The handling of each customer complaint 4. Each mailing piece used to solicit business A series 9/10 individual is limited to performing supervisory procedures over -...

The redemption value of an open-end investment company's shares is based on the: previous offering price previous closing NAV NAV computed after the order is received offering price computed after the order is received - correct answer-NAV computed after the order is received The computation of dollar prices and accrued interest on municipal bonds is normal on what calendar basis? 30/360 30/365 Actual/360 Actual/365 - correct answer-30/360 Blue-sky laws are regulated by which of t...

The redemption value of an open-end investment company's shares is based on the: previous offering price previous closing NAV NAV computed after the order is received offering price computed after the order is received - ANSWERNAV computed after the order is received The computation of dollar prices and accrued interest on municipal bonds is normal on what calendar basis? 30/360 30/365 Actual/360 Actual/365 - ANSWER30/360 Blue-sky laws are regulated by which of the following entitie...

How long is the quiet period for an add-on offering or APO - ANSWER3 days following the effective date Which of the following is NOT true regarding a nonqualified retirement plan? A. Excess over cost basis is taxed B. It can discriminate in offering its benefits and selecting participants C. It needs IRS approval D. Tax on accumulation is deferred - ANSWERC. It needs IRS approval In an options contract, which party receives the premium and is obligated to buy the underlying security at t...