Ready to excel in your FINRA Series 7 exam? Click here to explore our comprehensive Series 7 Exam Preparation Package and take the first step towards advancing your financial career!
[Show more]
Which of the following option strategies, besides going long a call, can be used to purchase stock below its current market value? A) Short call B) Short straddle C) Long put D) Short put A) Short call B) Short straddle C) Long put D) Short put If the put is exercised by the owner, the wri...
Preview 3 out of 16 pages
Add to cartWhich of the following option strategies, besides going long a call, can be used to purchase stock below its current market value? A) Short call B) Short straddle C) Long put D) Short put A) Short call B) Short straddle C) Long put D) Short put If the put is exercised by the owner, the wri...
Under SEC rules, the purchaser of Regulation D private placement must complete and sign a(n): accredited investor questionnaire How does restricted stock differ from control stock in a Rule 144 sale? control stock must be held fully paid for a minimum of 6 months prior to sale while restricted st...
Preview 2 out of 11 pages
Add to cartUnder SEC rules, the purchaser of Regulation D private placement must complete and sign a(n): accredited investor questionnaire How does restricted stock differ from control stock in a Rule 144 sale? control stock must be held fully paid for a minimum of 6 months prior to sale while restricted st...
Calculating Buying Power (Margin Account) Buying Power is 2x SMA. A pattern day trader is 4x min maintenance. Securities exempt from Regulation T margin requirements USTs/Notes/Bonds Munis Government Agencies List of Qualified Retirement Plans IRA's (tax deductible, gains tax deferred until...
Preview 2 out of 5 pages
Add to cartCalculating Buying Power (Margin Account) Buying Power is 2x SMA. A pattern day trader is 4x min maintenance. Securities exempt from Regulation T margin requirements USTs/Notes/Bonds Munis Government Agencies List of Qualified Retirement Plans IRA's (tax deductible, gains tax deferred until...
As a Treasury security, TIPS are characterized by which of the following statements? Interest payments are the product of a fixed interest rate times the adjusted principal A member may pay continuing commissions to a representative after he or she ends his or her employment with a member under w...
Preview 4 out of 129 pages
Add to cartAs a Treasury security, TIPS are characterized by which of the following statements? Interest payments are the product of a fixed interest rate times the adjusted principal A member may pay continuing commissions to a representative after he or she ends his or her employment with a member under w...
Registered representatives may be compensated based on which of the following? I Trading commissions paid by the brokerage firm to the representative II Trading commissions paid by the customer to the representative III Salary paid by the brokerage firm to the representative IV Salary paid by ...
Preview 4 out of 31 pages
Add to cartRegistered representatives may be compensated based on which of the following? I Trading commissions paid by the brokerage firm to the representative II Trading commissions paid by the customer to the representative III Salary paid by the brokerage firm to the representative IV Salary paid by ...
You received a signed broker-to-broker transfer initiation form (TIF) from an established customer desiring to transfer a specifically designated part of his account to your firm, which is eligible to use the Automated Customer Account Transfer Service (ACATS). Your firm is obligated to submit the t...
Preview 2 out of 13 pages
Add to cartYou received a signed broker-to-broker transfer initiation form (TIF) from an established customer desiring to transfer a specifically designated part of his account to your firm, which is eligible to use the Automated Customer Account Transfer Service (ACATS). Your firm is obligated to submit the t...
A customer who is short stock will buy a call to: A. hedge the short stock position in a falling market B. protect the short stock position from a falling market C. protect the short stock position from a rising market D. generate additional income in a stable market C. protect the short stock p...
Preview 3 out of 20 pages
Add to cartA customer who is short stock will buy a call to: A. hedge the short stock position in a falling market B. protect the short stock position from a falling market C. protect the short stock position from a rising market D. generate additional income in a stable market C. protect the short stock p...
Securities and Exchange Commission (SEC) >responsible for supervision of the capital markets >writes laws that govern the financial markets > Can enforce those laws, even if the broker/dealer or associated person is registered with a self-regulatory authority (SRO). >Governs publicly ...
Preview 3 out of 27 pages
Add to cartSecurities and Exchange Commission (SEC) >responsible for supervision of the capital markets >writes laws that govern the financial markets > Can enforce those laws, even if the broker/dealer or associated person is registered with a self-regulatory authority (SRO). >Governs publicly ...
a customer wants to change the name on their account (i.e. after getting married), who must approve it? Registered Principal Must approve the account If a client changes to another registered rep at the same firm, what is the first step? First step would be for the new registered rep to review th...
Preview 2 out of 11 pages
Add to carta customer wants to change the name on their account (i.e. after getting married), who must approve it? Registered Principal Must approve the account If a client changes to another registered rep at the same firm, what is the first step? First step would be for the new registered rep to review th...
Opposite of Buy Long Hold Sell Short Write an investor is long 1 XYZ Dec 40 call at 3. just prior to the close of market on the final trading day before expiration, xyz stock is trading at 47. what is the gain/loss to the investor? ANSWER: The investor is long the contract so they have already pa...
Preview 2 out of 12 pages
Add to cartOpposite of Buy Long Hold Sell Short Write an investor is long 1 XYZ Dec 40 call at 3. just prior to the close of market on the final trading day before expiration, xyz stock is trading at 47. what is the gain/loss to the investor? ANSWER: The investor is long the contract so they have already pa...
New Account Form -The information required on anew account form would depend upon the type of security that will be traded Required Info on New Account Form -Customer Name -Cash or Margin Account -DOB -SS or tax ID # -citizenship Firms must verify what 4 things? -Name -Address -SS or tax...
Preview 2 out of 11 pages
Add to cartNew Account Form -The information required on anew account form would depend upon the type of security that will be traded Required Info on New Account Form -Customer Name -Cash or Margin Account -DOB -SS or tax ID # -citizenship Firms must verify what 4 things? -Name -Address -SS or tax...
Required information on New Account form -Customer name and address/ if joint account* -Cash/margin account -Customer date of birth* -Social security number or Tax ID* -Occupation or if working for Financial services firm -Citizenship -If customer is a director, officer or shareholder of more ...
Preview 2 out of 11 pages
Add to cartRequired information on New Account form -Customer name and address/ if joint account* -Cash/margin account -Customer date of birth* -Social security number or Tax ID* -Occupation or if working for Financial services firm -Citizenship -If customer is a director, officer or shareholder of more ...
Security an investment that represents either an ownership or a debt stake in a company Debt Security usually acquired by buying a company's bonds Debt Investment a loan to a company in exchange for interest income and the promise to repay the loan at a future maturity date. Does not confer...
Preview 2 out of 11 pages
Add to cartSecurity an investment that represents either an ownership or a debt stake in a company Debt Security usually acquired by buying a company's bonds Debt Investment a loan to a company in exchange for interest income and the promise to repay the loan at a future maturity date. Does not confer...
Wash trades Buying and selling to create appearance of trade Trading pools Investors group together and trade stock to move up prices without changing ownership Trading by underwriters Trading new issue before it's effective date Short tender rule Investors can only tender their shares if ...
Preview 2 out of 5 pages
Add to cartWash trades Buying and selling to create appearance of trade Trading pools Investors group together and trade stock to move up prices without changing ownership Trading by underwriters Trading new issue before it's effective date Short tender rule Investors can only tender their shares if ...
Securities Act of 1933 Federal legislation requiring the full fair disclosure of all material information about the issuance of new securities. Securities Exchange Act of 1934 Federal legislation that established the Securities and Exchange Commission. The act aims to protect investors by regulat...
Preview 3 out of 16 pages
Add to cartSecurities Act of 1933 Federal legislation requiring the full fair disclosure of all material information about the issuance of new securities. Securities Exchange Act of 1934 Federal legislation that established the Securities and Exchange Commission. The act aims to protect investors by regulat...
FINRA: Correspondence Correspondence, which is defined as any written or electronic communication that is distributed or made available to 25 or fewer retail investors within any 30 calendar-day period. Can you purchase securities prior to registration? Settlement? Cannot purchase securities prio...
Preview 4 out of 124 pages
Add to cartFINRA: Correspondence Correspondence, which is defined as any written or electronic communication that is distributed or made available to 25 or fewer retail investors within any 30 calendar-day period. Can you purchase securities prior to registration? Settlement? Cannot purchase securities prio...
A registered principal or registered representative must retake the qualifying exam if his or her registration has been revoked or terminated for a period of ____________ or more. A.) 1 year B.) 5 years C.) 3 years D.) 2 years D.) 2 Years A member may maintain a representative registration fo...
Preview 2 out of 12 pages
Add to cartA registered principal or registered representative must retake the qualifying exam if his or her registration has been revoked or terminated for a period of ____________ or more. A.) 1 year B.) 5 years C.) 3 years D.) 2 years D.) 2 Years A member may maintain a representative registration fo...
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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!
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
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.
Stuvia is a marketplace, so you are not buying this document from us, but from seller twishfrancis. Stuvia facilitates payment to the seller.
No, you only buy these notes for $42.89. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
79223 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
