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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+

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Series 24 questions with 100% correct answers rated A+

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

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