A fully disclosed bd - Study guides, Class notes & Summaries

Maggie Shine Series 24 Question and answers rated A+ 2024/2025 Maggie Shine Series 24 Minimum Net Capital for: -Full Service BD -Clearing BD -BD which carries customer accounts - correct answer $250,000 Minimum Net Capital for Prime Broker - correct answer $1,500,000 Minimum Net Capital for: -Firms w/ Execution responsibility for Primer Brokers -Qualified Block Positioners - correct answer $1,000,000 Minimum Net Capital for: -Introducing BD -Fully Disclosed BD -Non Clea...

FINRA SIE 2023-2024 TESTBANK QUESTIONS WITH ALL CORRECT ANSWERS The Federal regulatory body that governs the securities industry is: - ANSWER The SEC A fully disclosed BD: - ANSWER is an inducing firm clearing its transactions through a carrying firm An intermediary between the buy and sell sides of a transaction is known as - ANSWER a clearing agent For the Depository Trust and Clearing Corporation (DTCC), all of the following are true EXCEPT: a. it ...

The SEC's Net Capital Rule (5): correct answers - Covers the financial responsibility of brokerdealers. - Net Capital rule is a Liquidity rule - intended to protect customers and other BDs by requiring that all BDs have sufficient liquid capital (net capital) on hand at all times. - requires BDs to provide a cushion of liquid assets in excess of liabilities to cover risks. Total assets - total liabilities = tentative net capital. - haircut (shaves off part of value of securities) = net ...

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...

A syndicate headed by BD is distributing a split offering of Steel Curtain common stock. Some of the selling shareholders would like to purchase shares in the open market prior to the close of the deal. Under Rule 102 of Regulation M, selling shareholders are prohibited from this activity. correct answers Investors who are selling stock through a distribution would have a motivation to inflate the price of the stock, just prior to the distribution. The issuer and selling shareholders are prohibi...

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...

FINRA SIE TESTBANK QUESTIONS WITH ALL CORRECT ANSWERS The Federal regulatory body that governs the securities industry is: - ANSWER The SEC A fully disclosed BD: - ANSWER is an inducing firm clearing its transactions through a carrying firm An intermediary between the buy and sell sides of a transaction is known as - ANSWER a clearing agent For the Depository Trust and Clearing Corporation (DTCC), all of the following are true EXCEPT: a. it is a member of the Federal Reserve System...

SIE FINRA Exam questions and answers 2024 updateSIE FINRA Exam questions and answers 2024 update The Federal regulatory body that governs the securities industry is: >>>The SEC A fully disclosed BD: >>>is an inducing firm clearing its transactions through a carrying firm An intermediary between the buy and sell sides of a transaction is known as >>>a clearing agent For the Depository Trust and Clearing Corporation (DTCC), all of the following are true EXCEPT:...

SIE FINRA Exam questions and answers 2024 updateSIE FINRA Exam questions and answers 2024 update The Federal regulatory body that governs the securities industry is: >>>The SEC A fully disclosed BD: >>>is an inducing firm clearing its transactions through a carrying firm An intermediary between the buy and sell sides of a transaction is known as >>>a clearing agent For the Depository Trust and Clearing Corporation (DTCC), all of the following are true EXCEPT:...

784 SIE FINRA Exam Questions and Answers The Federal regulatory body that governs the securities industry is: >>>The SEC A fully disclosed BD: >>>is an inducing firm clearing its transactions through a carrying firm An intermediary between the buy and sell sides of a transaction is known as >>>a clearing agent For the Depository Trust and Clearing Corporation (DTCC), all of the following are true EXCEPT: a. it is a member of the Federal Reserve System b. It a...