100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Series 24 questions with 100% correct answers rated A+ $14.99   Add to cart

Exam (elaborations)

Series 24 questions with 100% correct answers rated A+

 8 views  0 purchase
  • Course
  • Series 24
  • Institution
  • Series 24

Series 24 questions with 100% correct answers rated A+

Preview 2 out of 13  pages

  • September 24, 2024
  • 13
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Series 24
  • Series 24
avatar-seller
BravelRadon
Series 24

Non-public Arbitrator - correct answer ✔✔In the industry

More than 20% professional work in past 2 years is from securities clients



Uniform Practice Committee (UPC) - correct answer ✔✔Broker to Broker Transactions OTC

-handled by arbitration



MF max redemption time - correct answer ✔✔7 Days



Customer Complaint time on file - correct answer ✔✔4 years

- file report within 15 days of each quarter one is received



Public Arbitrator - correct answer ✔✔Not currently in industry

Less than 20 years in industry

Less than 10% of current work in past 2 years



Focus Reports - correct answer ✔✔Show financial stablility

Focus II are for carrying firms

Focus IIA are for non-carrying firms



Net Capital Rule - correct answer ✔✔15:1 Established

8:1 First year

120% minimum net capital



File Early Warning Net Capital - correct answer ✔✔12:1 Established

120% of minimum net capital

, Minimum Net Capital

Market Maker

Carrying Firm

Non-Carrying Firm - correct answer ✔✔MM $100k or great of $1k per stock less than $5, and $2500 for
stock over $5

Carrying firm $250K

Non-Carrying $5k



Debt to Equity Max for Subordinated Loans - correct answer ✔✔70% after 90 days



Fidelity Bond Coverage - correct answer ✔✔120% of Net Capital

Reviewed 60 days prior to anniversary date

-minimum $100k



10 days for standard

30 days for non-standard - correct answer ✔✔File Time For Subordinate Loan Agreement



Haircut amounts - correct answer ✔✔Amount able to be lended on a security as collarteral.

3+ Market Makers 15%

1 or 2 MM's 40%

Only 1 MM 100%

(IF More than 10% of a security, additional haircut is taken)



Temporary Subordinated Loans - correct answer ✔✔Max 3 per year

Max 45 days

Max 10:1 or 120% NC



Reg T - correct answer ✔✔Margin

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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

Start selling
$14.99
  • (0)
  Add to cart