Under finra rules - Study guides, Class notes & Summaries

An open-end management company is a: A. mutual fund B. publicly traded fund C. fixed unit investment trust D. real estate investment trust A. mutual fund To impose the maximum sales charge, under FINRA rules, mutual funds must offer investors all of the following benefits EXCEPT: A. Breakpoints B. Plan Completion Insurance C. Rights of Accumulation D. Letter of Intent B. Plan Completion Insurance A closed-end...

Series 24 Missed Questions and answers verified to pass 2024/2025 Series 24 Missed Questions Which of the following are defined as penny stocks? I. Nasdaq stock trading at $5 per share. II. Bulletin Board stock quoted at $5 per share. III. NMS stock trading at $5 per share. IV. OTC Pink stock quoted at $5 per share A) II and III B) II and IV C) I and III D) I and IV - correct answer B) II and IV --A penny stock is a non-Nasdaq (Bulletin Board or Pink Quote) stock trading at under...

MASTERY EXAM 1 questions and answers correct 1.An open-end management company is a: A. mutual fund b. publicly traded fund C. fixed unit investment trust D. real estate investment trust - A. mutual fund 2.To impose the maximum sales charge, under FINRA rules, mutual funds must offer investors all of the following benefits EXCEPT: A. Breakpoints B. Plan Completion Insurance C. Rights of Accumulation D. Letter of Intent - B. 3.Plan Completion Insurance A closed-end managemen...

An open-end management company is a: A. mutual fund B. publicly traded fund C. fixed unit investment trust D. real estate investment trust A. mutual fund To impose the maximum sales charge, under FINRA rules, mutual funds must offer investors all of the following benefits EXCEPT: A. Breakpoints B. Plan Completion Insurance C. Rights of Accumulation D. Letter of Intent B. Plan Completion Insurance A closed-end...

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...

MASTERY EXAM 1 QUESTIONS AND ANSWERS ALREADY PASSED An open-end management company is a: A. mutual fund B. publicly traded fund C. fixed unit investment trust D. real estate investment trust A. mutual fund To impose the maximum sales charge, under FINRA rules, mutual funds must offer investors all of the following benefits EXCEPT: A. Breakpoints B. Plan Completion Insurance C. Rights of Accumulation D. Letter of Intent B. Plan Completion Insurance A closed-end management company...

Comprehensive SIE Practice Exam - Complete Solutions (Answered) The primary purpose of a syndicate desk in the context of an equity offering is to: build an order book and allocate the stock Which of the following responses describes an advantage of index funds? Lower management fees due to passive management of the fund Which of the following comparisons best describes the essential difference between a primary distribution and a secondary distribution? A primary distribution involves a sale ...

SIE Comprehensive Final Exam (2024/2025) || With Questions & All Correct Solutions (Rated A+) SIE Comprehensive Final Exam (2024/2025) || With Questions & All Correct Solutions (Rated A+) What is a tender offer? - ANSWER - When a company offers to buy outstanding securities for cash or for cash plus other securities from its stockholders or bondholders What is a buy-back? - ANSWER - Sometimes referred to as a repurchase, is when a company buys its own outstanding securities in the open ma...

Under SEC rules, the purchaser of Regulation D private placement must complete and sign a(n): accredited investor questionnaire How does restricted stock differ from control stock in a Rule 144 sale? control stock must be held fully paid for a minimum of 6 months prior to sale while restricted stock can be sold immediately The prohibited practice of "spinning" is defined under FINRA rules as an arrangement where a: member firm gives officers of public companies IPO allocations in return ...

FINRA SIE Real Exam Questions with All Correct Answers sell a specific security or securities at all times - Quotes are firm (obligated) for at least 100 shares - 100 shares = "a round lot" - Under SRO rules - Ask = offer represents a clients purchase price - Difference in this is called a "spread" - The bigger the spread is, the more the market maker makes assets under management municipalities on bond offerings and must be registered with the SEC - Typically advise...