Msrb - Study guides, Class notes & Summaries

SIE EXAM 2024 Questions and Answers Graded A+ When was the Federal Reserve Board created, and what was its purpose? The Federal Reserve Board was established on December 23, 1913, to manage financial crises. It operates independently of political influence, with the Federal Reserve Act aimed at maintaining price stability, ensuring full employment, and managing long-term interest rates. What are the main responsibilities of FINRA compared to the MSRB? FINRA regulates brokerage fir...

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According to MSRB rules, to be considered to be "regular way" settlement correct answers Settlement date is trade date plus three business days. Regular way settlement for municipal bond transactions is Trade date plus 3 business days (T+3). Muni Firm has a control relationship with an issuer for which it is distributing a new issue. RR wants to sell some of the securities to a discretionary client but the client cannot be reached. What can the RR do with regard to executing the transaction...

SIE Exam- Unit 1 (Knowledge of Capital Markets) Questions and Answers 100% Pass What is the primary regulatory body for the securities industry? The Securities and Exchange Commission (SEC) serves as the principal regulatory authority overseeing the securities industry. Which legislation established the SEC? The Securities Exchange Act of 1934 was the legislation that established the SEC. Why is it necessary to register with the SEC? If you engage in securities transactions with cust...

FINRA Practice SIE Exam Questions and Answers 100% Pass How is the redemption value of shares in an open-end mutual fund determined? - Based on the price offered previously - From the previous day’s net asset value (NAV) - According to the NAV calculated after the request is processed - Set by the offering price calculated after the request - Determined by the NAV calculated after the request is processed On what basis are the dollar prices and accrued interest of municipal bonds...

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 Securities Rulemaking Board Structure of the Fed : The Board of Gover...

SIE Study Guide Questions and Answers Rated A+ Section 1: Knowledge of Capital Markets What is the mission of the SEC? To safeguard investors, uphold fair and efficient markets, and aid in the formation of capital When was the SEC founded? It was established by Congress in 1934 Under whose jurisdiction does the SEC fall? It operates under the US federal government What powers does the SEC possess? It enforces federal securities laws and formulates regulations for t...

Federal Reserve Board - ANSWERFounded 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 - ANSWERFINRA oversees brokerage firms and their associated persons. MSRB- regulates the municipal securities market including dealers, municipal advisers, and issuers. Municipal Securities Rulemaking Board Structure of the Fed - ANSWERThe Board...