Uniform securities act - Study guides, Class notes & Summaries

SIE Exam- Unit 1 (Knowledge of Capital Markets) Questions and Answers 100% Pass What is the primary regulatory body for the securities industry? The Securities and Exchange Commission (SEC) serves as the principal regulatory authority overseeing the securities industry. Which legislation established the SEC? The Securities Exchange Act of 1934 was the legislation that established the SEC. Why is it necessary to register with the SEC? If you engage in securities transactions with cust...

A transactional exemption would be available when a sale is made in all of the following situations EXCEPT A) to a federally chartered credit union B) to a lawyer as an incidental part of his legal practice C) to a broker-dealer by a non-affiliated broker-dealer D) by a federal marshal to individual investors correct answers B The Uniform Securities Act provides for civil penalties in the event of improper activities of agents. Under the act, the maximum that a purchaser would be enti...

broker dealer correct answers any person engaged in the business of effecting transactions in securities for the account of others or for his own account. Broker-dealers with no place of business in a state are not required to register in that state if their only clients in that state are correct answers life insurance companies. broker dealers are firms where correct answers agents work when acting on behalf of their customers ( buying and selling securities for clinets' accounts -- b...

What is the maximum amount of SIPC coverage available to each separate customer? -Correct Answer $500,000 including up to $250,000 in cash If a customer purchases securities and does not settle the account 4 business days, what should the brokerage firm do first? -Correct Answer Ask for an extension of time from the SRO or cancel the trade and sell off the purchased securities When must a customer who purchases securities in a cash or margin account pay for the securities? -Correct Answer ...

Employee Benefit and Retirement Accounts - Answer-Which of the following types of accounts make up the majority of non-managed asset products? Investment Management & Advisory Accounts - Answer-Which of the following types of accounts make up the majority of managed asset products? Legislation - Answer-_______________is a law which has been enacted by a legislature and signed into law by the governor or president. Regulation - Answer-___________ is a rule created by an administrative agenc...

Definition of "persons" under the Uniform Securities Act correct answers Governments, government agencies, human beings What is not considered a person under the USA? correct answers An equitable interest in a corporation Terms that describe persons who are human beings under the USA correct answers natural persons, individuals The model law that most states have adopted as the basis for their securities regulations correct answers Uniform Securities Act (USA) Definition of the ter...

Nursing Informatics Certification Exam, ANCC Informatics, ANCC Nursing Informatics Certification Review 629 Questions with Answers Meta structure of NI - CORRECT ANSWER The ability of the nurse to utilize data, information, and knowledge to make wise clinical decisions. Definition of Nursing Informatics - CORRECT ANSWER A speciality that integrates nursing science with multiple information and analytical sciences to identify, define, manage and communicate data, information, knowledge and ...

Securities Industry Essentials Comprehensive Cert. Exam (2024) || With 100% Accurate Solutions Securities Industry Essentials Comprehensive Cert. Exam (2024) || With 100% Accurate Solutions Which are the safest of all securities? - ANSWER - U.S. government securities such as Treasury notes (T-notes): they're backed by the fact that the government can always print more money to pay off the securities that it issues How do you determine current yield? - ANSWER - current yield = (annual int...

All of the following are included in the definition of person under the Uniform Securities Act EXCEPT a deceased individual an unincorporated association a political subdivision the custodian for a minor a deceased individual A minor, but not the custodian, a deceased individual, and an individual whom the court has deemed incompetent are not persons under the USA. Natural persons and legal entities are persons under the USA. 1.1 The term "person", as defined in the Uniform ...

A 68 year-old client of yours indicates that he is interested in changing the portfolio mix of his IRA to become largely invested in noninvestment grade bonds. You would probably infer from this that the client: - correct answer A) has insufficient retirement savings. Most studies have indicated that seniors with insufficient retirement savings attempt to compensate by being tempted to reach for higher yields to maximize retirement income without full consideration of the increased risk th...