Finra purpose - Study guides, Class notes & Summaries

SIE EXAM 2024 LATEST UPDATE QUESTIONS AND VERIFIED ANSWERS GRADED A++ Federal Reserve Board Founded on December 23rd 1913, to oversee financial panics. Independent of direct political influence. Federal Reserve Act was passed to stabilize prices, maximize employment, moderate long term interest. FINRA vs MSRB FINRA oversees brokerage firms and their associated persons. MSRB- regulates the municipal securities market including dealers, municipal advisers, and issuers. Municipal Securiti...

Section 1: Knowledge of Capital Markets The SEC purpose/mission when created jurisdiction authority protect investos, maintin fair orderly & efficient markets, facilitate capital formation by congress in 1934 US federal government enforce federal security laws & create laws that regulate securities industry enforces Securities act 1933/1934, trust indenture act 1939, investment company act 1940, investment advisors act 1940 SROs (Self-Regulatory Organizations) wha...

Trading on the NYSE is executed without a specialist (i.e. a market maker). (T/F) - False Stocks and bonds are two types of financial instruments (T/F) - True The matching principle in accrual accounting requires that: - Revenues be recognized when the earnings process is complete and matches expenses to revenues recognized. A basic equation for the balance sheet is: - Equity = Assets - Liabilities Why is the Balance Sheet known as a permanent statement? - Because the other statements ar...

1. The primary purpose of a syndicate desk in the context of an equity offering is to:: build an order book and allocate the stock 2. Which of the following responses describes an advantage of index funds?- : Lower management fees due to passive management of the fund 3. Which of the following comparisons best describes the essential difference between a primary distribution and a secondary distribution?: A primary dis- tribution involves a sale of newly issued shares by the issuer while a se...

FINRA SIE Final Study Test Questions with All Correct Answers The primary purpose of a syndicate desk in the context of an equity offering is to: A. determine the list of selling shareholders B. build an order book and allocate the stock C. solicit interest from investors in the stock offering D. chaperone company management during the road show - ANSWER B In a period of low inflation and economic recession, the Federal Reserve is expected to take which of the following a...

Under SEC regulation S-P, which of the following information must a firm include in its customer privacy and opt-out notices? correct answer: the policies to protect the security of nonpublic information under industry regulations, an initial purchase of $3,000 of common stock in a margin account requires a cash deposit of correct answer: $2,000, remember $2000 is the MINIMUM requirement DPPs provide correct answer: exposure to non-correlated assets the primary purpose of a syndicate...

NMLS QUESTIONS WITH SOLUTIONS, GRADED A+ Acceleration Clause Allows lenders to demand payment in full if the borrower defaults on the loan (can be construed as predatory lending) Alienation Clause (Due on Sale Clause) Says you must repay your mortgage if you sell your home to a new owner (loan is not assumable) Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:03 / 0:15 Full screen Appraiser Independance Requirements replace...

1. Trading on the NYSE is executed without a specialist (i.e. a market maker). (T/F): Ans- False 2. Stocks and bonds are two types of financial instruments (T/F): Ans- True 3. The matching principle in accrual accounting requires that:: Ans- Revenues be recognized when the earnings process is complete and matches expenses to revenues recognized. 4. A basic equation for the balance sheet is:: Ans- Equity = Assets - Liabilities 5. Why is the Balance Sheet known as a permanent statement?: Ans- ...

Exam FX Insurance- Wisconsin Life questions (Answered). 100% Accurate, Graded A An insurer decides to renew a policy but at a higher premium rate, starting on the renewal date. How many days in advance must the insured be notified? a) 30 b) 60 c) 90 d) 100 - -b How is the Commissioner of Insurance placed in office? a)By NAIC nomination b)Through a bid process c)An election at the same time that other state officials are selected d)An appointment by the Governor - -d An ins...

Conduct and Practices Handbook (CPH) Exam 136 Questions with Answers Duty of care - CORRECT ANSWER This refers to obligation #3 of registered representative (RR) about acting honestly, in good faith, and in a professional manner. This is a requirement to provide advice to clients with those attributes in mind along with the proper skills and knowledge to do so. It is important to note that the standard of care provided is not a standard of perfection. RRs are usually held to this standard muc...