Exam (elaborations)
Series 24 timeframes questions n answers graded A+
- Course
- Institution
Series 24 timeframes questions n answers graded A+
[Show more]
Content preview
Series 24 timeframes30 seconds - correct answer ✔✔For trades executed during normal hours and canceled at or before
4:00, the cancellation report must be made within
30 seconds - correct answer ✔✔market maker trades must be reported within
2 days - correct answer ✔✔Form 4 an officer acquiring 5% of beneficial ownership must be filed within
(escalated because it's an insider!)
4 days - correct answer ✔✔8k's must be filed within this many days of an event
15 days - correct answer ✔✔SEC Rule 503 requires that issuers of unregistered securities file Form D
(Notice of Sales Made) with the SEC within this many days of the first sale (5 0 3)=5x3=15
15 days - correct answer ✔✔customer compliants filed within this many days of end of quarter with
FINRA
15 days - correct answer ✔✔for CTR reports of transactions of $10,000 or more must be reported within
this many days (the higher amount causes escalation)
10 days - correct answer ✔✔advertising must be filed with FINRA within this many days of 1st use
10 days - correct answer ✔✔invesmtent analysis tools must be filed within this many days of first use
10 days - correct answer ✔✔all CMO and derivative ads must be filed this many days BEFORE 1st use
10 days - correct answer ✔✔length of the quiet period (reports cannot be issued) for additional issues
, 10 days - correct answer ✔✔day trading accounts must be approved in this timeframe after opening
10 days - correct answer ✔✔form 13D must be filed if someone takes over 5% of a company's
outstanding stock, this is a shorter form for more ACTIVE investors
30 days - correct answer ✔✔Long Term Subordinated loan agreements must be filed with FINRA within
this amount of days
10 days - correct answer ✔✔the amount of additional time that investors have if anything material
changes connected to a tender offer
10 days - correct answer ✔✔form 147 in an intrastate offering must be filed this amount of days before
effective date (same as 147 holding period)
10 days - correct answer ✔✔amount of days a comany has to notify FINRA of an upcoming dividend
10 days - correct answer ✔✔B/D ammendments must be filed with FINRA within this timeframe (same
as disclosure on REPS)
10 days - correct answer ✔✔for BD members in their 1st year all ADs must be filed in this amount of
time BEFORE 1st use
2 weeks - correct answer ✔✔Short positions in Nasdaq securities in both customer and proprietary
accounts must be reported to FINRA when? This is referred to as short interest reporting.
20 days - correct answer ✔✔NAC can suspend a member after providing this many days notice after
requesting ADDTL information (not to be confused with the 45 day limit for initial information)
20 days - correct answer ✔✔within this many days of years end, insiders can short inside the box to
preserve gains
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BravelRadon. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77254 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now