Under finra rules - Study guides, Class notes & Summaries

SEC- - ANSWERSecurities and exchange commission is the securities industry's primary regulatory body. Which act created the SEC? - ANSWERThe securities exchange act of 1934 What is the purpose of registering with the SEC - ANSWERIf you conduct securities business with either customers or broker dealers; you must be apply and be approved for registration with the SEC Additional role of the SEC - ANSWERIt regulates all exchanges and trading markets Under the Uniform Securities act, ...

In a period of low inflation and economic recession, the Federal Reserve is expected to take which of the following actions? A) Decrease Taxes B) Require banks to increase reserve C) Buy bonds in the open market - Correct Answer-Buy bonds in the open market Under FINRA rules which of the following activities by a registered representative requires written notification to her firm? A) Gambling resulting in winnings in excess of $10,000 B) Driving part time for a transportation network com...

The letter of intent in a corporate underwriting is typically signed by which of the following parties? correct answers Issuer and Managing Underwriter For WKSIs, shelf registration statements (SEC Rule 415) are: correct answers (i) Effective immediately; (ii) good for three years; and (iii) may use free writing communication. The term statutory underwriter refers to: correct answers The syndicate manager in a firm commitment underwriting. Green Shoe clause correct answers (i) allows...

2024 SIE Exam - Complete Solutions (Answered) An investor purchased 100 units of the Connecticut Municipal Securities Trust. Which of the following statements concerning this investment in the UIT is accurate? A The shares must be liquidated in the open market and offer reinvestment provisions back into the trust B The shares are redeemable and offer reinvestment provisions back into the trust C The shares are redeemable but do not offer reinvestment provisions back into the trust D The shares...

Under Code of Procedure, prehearing conference must be held within how many days of receipt of the respondent's answer to the complaint? correct answers 21 Under the Code of Arbitration, a respondent must answer within how many days after receiving a statement of claim? correct answers 45 If not appealed to the NAC, Department of Enforcement findings under the Code of Procedure, other than barring/expulsion, become effective.. correct answers no earlier than 30 days from the date of the d...

SIE EXAM 2024 LATEST UPDATED QUESTIONS AND VERIFIED ANSWERS BY EXPERT 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. Municip...

CFP Exam 2024 | 665 QUESTIONS| WITH COMPLETE SOLUTIONS GRADED A+. CFP Standards of Conduct Sections (6) Correct Answer: A. Duties owed to clients. B. Fin. Planning and Application of Practice Standards C. Practice Standards for Fin. Planning Process D. Duties owed to firms/subordinates E. Duties owed to CFP Board F. Prohibition on Circumvention Section A of CFP Standards of Conduct Correct Answer: Duties owed to Client: 1. Fiduciary Duty 2. Integrity 3. Competence 4. Diligence 5. Dis...

EXAMFX SIE Questions & Answers | 100% Correct Answers | Verified | Latest 2024 Version 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...

All of the following factors are stabilizing factors in the value of a country's currency EXCEPT correct answers low per capita purchasing power The effective federal funds rate quoted in the business news represents the average rate for the previous correct answers day A company must meet ongoing reporting requirements of the Securities Exchange Act of 1934 if it correct answers I. Has securities that trade in interstate commerce II. Exceeds a size requirement A large accelerated fil...

SIE FINRA Practice Exam QUESTIONS AND ANSWERS 2023 UPDATE GRADED A+ A married couple who earn over 300,000 currently as well as prior two years - Correct Answer- Accredited Investor Which of responses describes an advantage of index funds - Correct Answer-The protection of principal during bearish markets Under a system of statutory voting, a common stockholder has as many votes for each vacancy on the board of directors as the number of: - Correct Answer-proxies available for voting by t...