Broker dealer Study guides, Class notes & Summaries

What is the primary legislation governing Ontario's retail automotive sector? Correct Answer MVDA Which body or agency enforces MVDA? Correct Answer OMVIC How many people compose OMVIC's board of directors? Correct Answer 12 in total, 9 dealers and 3 consumer reps What is the "transaction fee program"? Correct Answer under the transaction fee program, dealers are required to remit $10 for each vehicle sold or leased to OMVIC. These funds are remitted annually with the dealers registrati...

CA Pesticide Regulation Exam Study Guide 2024 Already Graded A Who certifies pest control aircraft pilots? FAA Who must PCA's supply copies of the recommendation to? Pest Control Dealer & applicator, or Operator of the property How long must PCA's retain copies of each recommendation? 1 year How many CE hours are required for PCA? 40 hours; 4 of Laws & Regs How many CE hours are required for QAL/QAC? 20 hours; 4 Laws & Regs Licensed Pest Control Dealers must have a Designated...

Texas Auctioneer License Part 2 Exam Questions and Correct Answers Name some persons that are exempt from needing an auctioneer license. - CORRECT ANSWERS 1. U.S. court ordered sale 2. A government sponsored or conducted sale. 3. A charitable organization as long as no compensation 4. A sale of real property by a trustee under a security instrument. 5.A sale of real property by an owner with an interest or employee (unless he/she is a licensed auctioneer by trade) and all pr...

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...

According to the Securities Exchange Act of 1934, which of the following is NOT required to be included on the confirmation for a bond trade? - Disclosure of the bond's rating Although a bond's rating is not required to be included on a confirmation, if the bond is unrated, this fact must be disclosed. A bond's price and its yield-to-maturity at the time of the trade must be disclosed on a confirmation. A registered investment adviser is normally required to post a surety bond to satisfy...

broker dealer correct answers any person engaged in the business of effecting transactions in securities for the account of others or for his own account. Broker-dealers with no place of business in a state are not required to register in that state if their only clients in that state are correct answers life insurance companies. broker dealers are firms where correct answers agents work when acting on behalf of their customers ( buying and selling securities for clinets' accounts -- b...

SIE exam caril: complete study guide Q-bank answered latest spring 2023. What type of risk is unique to a specific industry, business enterprise, or investment type? - Under which of the following circumstances is an investor in a position to acquire stock? - Options- a premium - Options- strike price A customer believes that ABC's price will go up but does not have the money to buy 100 shares right now. How could the customer use options to profit from an increase in the sto...

SIE Final Exam Questions and Answers Already Passed Which division of a brokerage firm helps a corporation with the planning and timing of a stock offering and also supports the underwriting process? The investment banking department If a customer is using an online-focused discount broker-dealer and incurs a commission, what role is the firm most likely fulfilling? Acting as an agent What is a true aspect of a prime broker's services? It can handle both the execution and cl...

SERIES 99 FINAL EXAM 2024 WITH 100% CORRECT ANSWERS The agreement that authorizes a broker-dealer to pledge a customer's margin securities as collateral for a loan from a bank to the broker-dealer is called: [A] A credit agreement [B] A loan consent agreement [C] A hypothecation agreement [D] A joint account agreement - correct answer c Which of the following provides a neutral and confidential forum for member firms and their employees or public investors to voice concerns abo...

According to the Uniform Securities Act, which of the following statements is/are NOT TRUE concerning a broker-dealer or investment adviser filing an application for registration as a successor firm? I. The successor firm must be in existence prior to the filing of the application for registration II. The successor firm's registration will be effective for the unexpired portion of the year III. The successor firm must submit a filing fee with the application for registration correct answers ...