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Series 27 Exam Study Questions and Answers | 100% Pass
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Series 27 Exam Study Questions and Answers | 100% Pass Under 17a-5 how often must a trial balance be prepared? - Answer️️ -Monthly What did the Act of '34 cover? - Answer️️ -- Registration of BDs - Empowered the Federal Reserve on extension of credit - Created secondary market rules. ...

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  • September 25, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • series 27 exam study questions and answers 100

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TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024

Series 27 Exam Study Questions and
Answers | 100% Pass
Under 17a-5 how often must a trial balance be prepared? - Answer✔️✔️-Monthly

What did the Act of '34 cover? - Answer✔️✔️-- Registration of BDs

- Empowered the Federal Reserve on extension of credit

- Created secondary market rules.

How many days prior to the offering will the corporate financing department consider

compensation if a payment was made prior to the offering? - Answer✔️✔️-180 Days

Rule 5121 requires an independent underwriter to be qualified to set the offering price

A) Be approved by the SEC to act as such

B) Not be located in the same general market territory

C) have been approved by FINRA to act as such

D) Not have a conflict of interest or be affiliated with a firm with a conflict. - Answer✔️✔️-

D) Not have a conflict of interest or be affiliated with a firm that has a conflict.

A resident of a state who acquires stock pursuant to Rule 147 (intra-state offering) is

prohibited from selling the stock to a nonresident of that state for how many months? -

Answer✔️✔️-9-Months.

What is the net capital requirement for each stock offered by a market maker? What is

the price threshold and requirement - Answer✔️✔️-=< $5.00/share = $1,000

> $5.00/share = $2,500
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, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
*note, market makers have a max required net capital of $1Million

What is the minimum and maximum net capital requirement for a market maker? -

Answer✔️✔️-Min= $100,000

Max= $1,000,000

What is the net capital requirement for an introducing firm who accepts customer

securities for prompt forwarding? - Answer✔️✔️-$50,000

FINRA charges members with assessments + fees based on which of the following.



I. Revenue from muni bond transactions

II. Revenue from OTC equity transactions

III. Revenue from U.S. Government Securities Transactions

IV. # of branch offices



A. I

B. I, II, III, IV

C. I, IV

D. II, III - Answer✔️✔️-B. FINRA fees are based on revenue, net of certain costs and the

number of offices maintained.

True or False




2/6

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