Broker dealer - Study guides, Class notes & Summaries

Securities Industry Essentials Standard Comprehensive Exam () || With Questions & All Accurate Answers (Graded +) Securities Industry Essentials Standard Comprehensive Exam () || With Questions & All Accurate Answers (Graded +) Investment bankers assist businesses that seek to raise capital through - ANSWER - the issuance of securities The research department of a broker-dealer studies both the markets and - ANSWER - individual issuers in order to issue recommendations The trading dep...

Securities Industries Essentials Exam (SIE) – With Questions & Answers (100% Verified) Securities Industries Essentials Exam (SIE) – With Questions & Answers (100% Verified) Federal Deposit Insurance Corporation (FDIC) - ANSWER - Created during the great depression in response to bank failures. an independent agency of the US federal government that preserves public confidence in the banking system by insuring deposits. The FDIC guarantees what - ANSWER - $250,000 for each deposit o...

A registered broker-dealer would not be able to open an account for A. A deceased individual B. The American Cancer Society C. The sovereign government of Poland D. A convicted felon Correct Answer-A deceased individual Gaston is a police officer and wishes to contribute to a retirement plan sponsored by the city. Gaston wants the flexibility of being able to have unfettered penalty-free access to his funds before reaching age 59 1/2. This can only be accomplished if Gaston contributes ...

A person applying for an initial registration as an agent might be asked to provide all of the following except A) citizenship information. B) employment history. C) a consent to service of process. D) fingerprints. D. Fingerprints Unlike FINRA, the USA does not require fingerprints for new registrants. Form U4 lists employment history and many other personal details. LO 2.g When a broker-dealer operates on the premises of a financial institution, certain disclosures must be ...

A banner on a broker-dealer's website is considered correct answers static content In most cases, a broker-dealer's website is static. That is, only the firm can make changes and those changes are infrequent. Certainly a banner ad on the website fits that description. Entanglement and adoption are terms applying to a securities professional making use of third-party information on social media. One of the risks of investing on margin is that a severe decline in the market price of one of...

Series 24 Financial Responsibility Net Capital Rule Question and answers 100% correct 2024/2025 Series 24 Financial Responsibility Net Capital Rule Clearing Broker-Dealer = $250,000 - correct answer Net Capital Dollar Requirement of Clearing Broker-Dealer Solely sells limited partnerships - correct answer DPP BD $5,000 NC $50,000 - correct answer Net Capital Dollar Requirement of Fully Disclosed Broker Dealer that receives Securities $5,000 - correct answer Net Capital Doll...

Series 24 Error Log Questions with complete solution 2024/2025 Series 24 Error Log - Financial Responsibility A broker/dealer that carries customer accounts and makes a market in eight stocks selling for less than $5 a share must maintain minimum net capital of: A) $1 million. B) $250,000. C) $25,000. D) $100,000. - correct answer The requirement for market makers is $1,000 for each stock selling for $5 or less; $2,500 for each stock selling at more than $5; a minimum requirement of ...

Fred works for Lasker Securities and is holding an investment seminar in Connecticut. Fred has sent 100 invitations to people located in New York. Since his firm has no place of business in New York, he has the responses returned to his office in Connecticut. Which TWO of the following statements are TRUE? Lasker Securities would not need to be registered as a broker-dealer in New York if it has no place of business in New York, and the seminar is to be held in Connecticut. Lasker Secu...

FINRA SIE Practice Test Questions with Verified Solutions For a married couple who has consistently earned over $300,000 annually for the past two years and expects similar income in the current year, what classification applies? They are considered accredited investors. What is a key feature of an annuity contract that influences the payment amounts to the annuitant? The type of annuity chosen impacts the size of the payments received. What common characteristic do Roth 401(k) an...

A transactional exemption would be available when a sale is made in all of the following situations EXCEPT A) to a federally chartered credit union B) to a lawyer as an incidental part of his legal practice C) to a broker-dealer by a non-affiliated broker-dealer D) by a federal marshal to individual investors correct answers B The Uniform Securities Act provides for civil penalties in the event of improper activities of agents. Under the act, the maximum that a purchaser would be enti...