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Series 99 Exam Study Guide with Complete Solutions
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Series 99 Exam Study Guide with Complete Solutions NYSE was founded in - Answer️️ -1792 Securities Act of 1933 - Answer️️ -Covered new issue in primary markets; IPOS; Full Disclosure; Prospectus; Red Herring Securities Act of 1934 - Answer️️ -Covered trading in secondary markets. F...

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  • September 25, 2024
  • 43
  • 2024/2025
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TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024

Series 99 Exam Study Guide with
Complete Solutions

NYSE was founded in - Answer✔️✔️-1792


Securities Act of 1933 - Answer✔️✔️-Covered new issue in primary markets; IPOS; Full

Disclosure; Prospectus; Red Herring

Securities Act of 1934 - Answer✔️✔️-Covered trading in secondary markets. Formed the

SEC; Antifraud Rules; Margin: Regulation T; Registers People (Exchanges, Firms,

Individuals).

Maloney Act of 1938 - Answer✔️✔️-Enabled the creation of non-exchange SROs.

Item - Answer✔️✔️-Date/Number

CHAPTER 1 - OVERVIEW OF REGULATION - Answer✔️✔️-...

NYSE was founded in - Answer✔️✔️-1792

Securities Act of 1933 - Answer✔️✔️-Covered new issue in primary markets; IPOS; Full

Disclosure; Prospectus; Red Herring

Securities Act of 1934 - Answer✔️✔️-Covered trading in secondary markets. Formed the

SEC; Antifraud Rules; Margin: Regulation T; Registers People (Exchanges, Firms,

Individuals).

Maloney Act of 1938 - Answer✔️✔️-Enabled the creation of non-exchange SROs.


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,TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
NASD - Answer✔️✔️-Created in 1938 for NASD to act as SRO for OTC market.

Trust Indenture Act of 1939 - Answer✔️✔️-Added security for Bond investors which

requires and agreement (indenture) between the issuing corporation and the trustee

who acts on the behalf of the bond owners.

The Investment Company Act of 1940 - Answer✔️✔️-Covers companies that formed to

pool investor's money, e.g., Open-end Investment companies called Mutual Funds;

More than 100 shareholders; Minimum $100,000 in assets; Annual reports to SEC;

Semiannual reports to Shareholders.

The Investment Advisors Act of 1940 - Answer✔️✔️-Regulate firms that sell their

investment advice for a fee; includes managers of Wrap accounts where a single fee is

paid for investment advice and transaction costs; ABC Test (Advice, Business,

Compensation).

SIPA - Securities Investor Protection Act of 1970 - Answer✔️✔️-Covers industry funded

insurance which covers the customers of BDs (Brokers /Dealers) where a BD might go

bankrupt; $500,000 coverage per Separate Customer; $250,000 limitation on Cash

Coverage; Industry-Funded; Not part of U.S. government.

ERISA - Employee Retirement Income Security Act of 1974 - Answer✔️✔️-Provides

standards for funding, vesting, fiduciary responsibilities of pension and 401(K) plans.

MSRB (Municipal Securities Rulemaking Board) of 1975 - Answer✔️✔️-To write rules and

regulation for the municipal markets.


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,TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
Insider Trading Sanctions Act of 1984 - Answer✔️✔️-See below.

Insider Trading Act of 1988 (ITSFEA) - Answer✔️✔️-In response to 1980 scandals of

Insider Trading of material and non-public information. No penalties existed before; now

(a) Criminal from DOJ - $5mm fines and/or 20 years imprisonment; (b) Civil from SEC -

Treble (3x) damages on amount gained or loss avoided; disgorgement of profits; covers

both Tippers and Tippees - any person can be violated of this law; (c) Bounties - May

not exceed 10% of the penalty.

TCPA - Federal Telephone Consumer Protection Act of 1991 - Answer✔️✔️-Discourage

cold callings of consumers and those who calls must maintain a Do NOT Call list. Can

call only from 8 am to 9 pm in customer time zone

Penny Stock Rule of 1991 - Answer✔️✔️-Defined Penny Stocks to be less than $5 and

requires a firm to have a signed disco lure document from buyers stating they

understand the risks.

The USA Patriot Act of 2001 - Answer✔️✔️-"Covers Anti-Money Laundering

CTRs: $10,000 Currency Transaction Reports - Answer✔️✔️-...

SARs: Suspicious Activity Report - Answer✔️✔️-...

CIP Procedures" - Answer✔️✔️-...

FINRA - Answer✔️✔️-"Created in 2007 by merging NYSE and NASD regulatory

functions.

FINRA is the primary SRO for the securities industry." - Answer✔️✔️-...


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, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
Balance sheet has to be created before filing for IPO registration - Answer✔️✔️-90 days

Disclose share ownership of offers and underwritings as part of pre-filing in IPO -

Answer✔️✔️-If they own at least 10% of the securities

IPO cooling off period after registration process - Answer✔️✔️-20 days

Effective Date in IPO - Answer✔️✔️-20 days after the last amendment in response to a

deficiency letter as part of the IPO

Public Offering Price (POP) in IPO - Answer✔️✔️-Set in the morning of the effective date

and also called the Post Effective Date

In IPO purchaser must be delivered the final Prospectus - Answer✔️✔️-No later than the

time a sale is confirmed

"Prospective Delivery Requirements - Answer✔️✔️-...

(1) Non-reporting (will be listed) - Answer✔️✔️-...

(2) Non-reporting (will not be listed; not an IPO) - Answer✔️✔️-...

(3) Non-reporting (will not be listed but an IPO) - Answer✔️✔️-...

(4) Reporting (currently Listed)" - Answer✔️✔️-"Continue to deliver Prospectus for:

(1) 25 days - Answer✔️✔️-...

(2) 40 days - Answer✔️✔️-...

(3) 90 days - Answer✔️✔️-...

(4) N/A (aftermarket prospectus does NOT apply)" - Answer✔️✔️-...


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