PACKAGE DEAL OF SERIES 24 ACTUAL QUESTONS WITH COMPLETE SOLUTION 2024

Series 24 Error Log Questions with complete solution 2024/2025 Series 24 Error Log - Financial Responsibility A broker/dealer that carries customer accounts and makes a market in eight stocks selling for less than $5 a share must maintain minimum net capital of: A) $1 million. B) $250,000. ...

Series 24 Error Log Question and answers rated A+ 2024/2025 Series 24 Error Log - Investment Banking Which of the following are characteristics of the Securities Act of 1933? Requires registration of exchanges. Called the Truth in Securities Act. Requires full and fair disclosure of material...

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 ...

Series 24 Flash Cards Question and answers 100% correct 2024/2025 Series 24 Flash Cards-Audrey Chapter 1 Eligible for shelf using S-3 or F-3 but not a WKSI - correct answer Seasoned Issuer Required to file periodic reports but not a Seasoned Issuer - correct answer Unseasoned Issuer Not...

Series 24 Flashcards Question and answers already passed 2024/2025 Series 24 Flashcards - Final Master Deck 25 days - correct answer For how long must a prospectus be provided for an IPO of a listed company? 40 days - correct answer For how long must a prospectus be provided for a company...

Series 24 Missed Questions and answers verified to pass 2024/2025 Series 24 Missed Questions Which of the following are defined as penny stocks? I. Nasdaq stock trading at $5 per share. II. Bulletin Board stock quoted at $5 per share. III. NMS stock trading at $5 per share. IV. OTC Pink stock...

Series 24 Practice Final Questions Part 1 Question and answers correctly solved 2024/2025 Series 24 Practice Final Questions Part 1 A firm's investment banking department needs the assistance of an analyst from the research department. This would involve giving the analyst access to recordkeepi...

Series 24 Quick sheet Question and answers rated A+ 2024/2025 Series 24 Quicksheet what is the 'grace period' for fees being paid to FINRA? - correct answer 21 days until membership revoked or suspended how long do you need to notify FINRA before making a material change to the firm? - co...

series 24 sec 2 Question and answers 100% correct 2024/2025 series 24 sec 2 carrying firm - correct answer 250k or 6 2/3% of AI (15:1) ai to nc inroducing firm - correct answer 5k or 50k , if 10 trades 100k Firms engaged solely in merger and acquisition work or in the sale of limited p...

Series 24 STC Question and answers already passed 2024/2025 Series 24 STC - Chapter 12 Items to remember - correct answer Set Alarm for 8:00am (market opens) Snooze only 1 time for 15 min (report by 8:15) Cannot set clock ahead Synchronize clocks every day w/ NIST w/in 1 second Office hours...

Series 24 STC Chapter 1 Question and answers verified to pass 2024/2025 Series 24 STC Chapter 1 SRO - correct answer Self-Regulating Organization REIT - Real Estate Investment Trust - correct answer At least 75% of gross income derived solely from real estate rent or interest on mortgages ...

Series 24 STC Question and answers verified to pass 2024/2025 Series 24 STC A shelf registration may be used by - correct answer Well-known seasoned issuers and seasoned issuers only A corporation has an ADTV value of $3 million and a public float value of $125 million. What's the restricte...

Series 24 Total Question and answers correctly solved 2024/2025 Series 24 Total Green Shoe Provision - correct answer Can sell up to 15% overallotment. Must be in prospectus. Firm commitment underwriting only. Settlement for syndicates in an offering is? - correct answer 90 days When ...

Series 24 Unit 4 Questions with complete solution 2024/2025 Series 24 Unit 4 FINRA "look back" period rule - correct answer Two years for political contributions, 6 MONTHS for NEWLY COVERED ASSOCIATES. Intended to prevent members from circumventing pay-to-play rule by hiring people who have a...

Series 24 Unit 11 Question and answers correctly solved 2024/2025 Series 24 Unit 11 Seller's Option - correct answer A type of settlement that can occur if the seller, for good reason, will be unable to deliver the securities to the buyer by the regular way settlement date. If granted by the ...

Series 24 Vocabulary Questions with complete solution 2024/2025 Series 24 Vocabulary B/D may publish research reports when not acting as a distribution participant according to Rule ___ - correct answer 137 B/D may publish research reports when acting as a distribution participant for anthe...

Series 24 Question and answers rated A+ 2024/2025 Series 24 Section 4(2) - correct answer Exemption from registering if not a public offering Reg D - correct answer A safe harbor. For small companies who can not pay costs to register Section 4(5) - correct answer Similar to reg d, b...

Series 24 Question and answers 100% correct 2024/2025 Series 24 Becoming a FINRA Member - correct answer -File online a New Member Application (Form NMA) w/FINRA -Register with SEC as B/D and file Form BD -Meet standards under rule 1014 Statutory Disqualification - correct answer Memb...

Series 24 Question and answers already passed 2024/2025 Series 24 - 1(B) A Florida investor purchases securities under a Rule 147 offering. After six months he may: A) Only sell the shares to a customer who a resident of the state B) Sell the shares to out-of-state customers C) Only sell the ...

Series 24 Question and answers verified to pass 2024/2025 Series 24 - Quick Sheet 15 days - correct answer Membership revoked or suspended if fees are not paid within ___ days of notice 30 days - correct answer Written notice ____ days in advance of any material change to the firm 10 b...

Series 24 Question and answers correctly solved 2024/2025 Series 24- Underwriting IPO - correct answer Initial public offering, a corporation's first offer to sell shares to the public follow-on offering - correct answer the sale to the public of additional newly created shares by a comp...

Series 24 Question and answers rated A+ 2024/2025 Series 24 - Trading and Mrkt Making Third Market - correct answer Exchange Listed Securities traded OTC ECN - correct answer OTC Alternative Trading System - Member firms that accept orders from institutional customers for execution on ...

Series 24. Question and answers correctly solved 2024/2025 Series 24 - Uniform Practice Code UPC - correct answer Uniform Practice Code - Establishes rules for dealer to dealer practices in nonexempt securities Regular Way Settlement - correct answer Trade date + 3 (T+3) Cash Settleme...

Series 24 Questions with complete solution 2024/2025 Series 24 Variable Annuity Applications Forwarding to Issuer - correct answer Must be forwarded promptly! Variable Annuity Tender within 7 business days - correct answer BD refunds the underwriter and the underwriter refunds to the issu...

series 24 Question and answers rated A+ 2024/2025 Series 24 Security An investment that indicates ownership of a corporation (stock), a creditor of a corporation or a governmental body (bond), or rights to ownership (options, warrants), Securities Act of 1933 Governs the Primary Market, f...

Series 24 Question and answers 100% correct 2024/2025 series 24 - Chap 10 - NASDAQ & MARKET MAKING, NYSE MARKET & DESIGNATED MARKET MAKER to be a market maker in a nasdaq security the BD must maintain a file of... - correct answer 1. current information about the compnay - latest annual report...

Series 24 Question and answers already passed 2024/2025 Series 24 - Unit 5 - Supervision of Brokerage Office Operations The UPC (Uniform Practice Code) of FINRA was created to set rules for dealer-to-dealer transactions in the ____ market. - correct answer OTC The UPC Code applies only to _...

Series 24 Question and answers correctly solved 2024/2025 Series 24 - chapt 4 -self regulatory organizations - supervision of member firms A broker/dealer has been suspended by FINRA for rule violations. While suspended such a member must - correct answer FINRA Rules state that during a period...

Series 24 Question and answers 100% correct 2024/2025 Series 24 Markup/Markdown - correct answer When acting as a dealer. Difference between price customer gets when buying/selling stock compared to price another dealer would get -Markup: When Customer is buying stock from a dealer. -Markdo...

Series 24 Question and answers correctly solved 2024/2025 Series 24- Regulations Regulation SHO - correct answer Regulates the practice of selling short. The order tickets must be marked long or short and there must be a locate if short sale. Defines a threshold security as a fail to deliver t...

Series 24 Question and answers rated A+ 2024/2025 Series 24 - Review A registered representative at your firm borrows $9,000 from another representative in the same branch office. As the principal, you become aware of this at the next scheduled compliance meeting of your firm. What action should...