Under finra rules Study guides, Class notes & Summaries

SIE Comprehensive Final Exam (2024/2025) || With Questions & All Correct Solutions (Rated A+) SIE Comprehensive Final Exam (2024/2025) || With Questions & All Correct Solutions (Rated A+) What is a tender offer? - ANSWER - When a company offers to buy outstanding securities for cash or for cash plus other securities from its stockholders or bondholders What is a buy-back? - ANSWER - Sometimes referred to as a repurchase, is when a company buys its own outstanding securities in the open ma...

2024 SIE Exam - Complete Solutions (Answered) An investor purchased 100 units of the Connecticut Municipal Securities Trust. Which of the following statements concerning this investment in the UIT is accurate? A The shares must be liquidated in the open market and offer reinvestment provisions back into the trust B The shares are redeemable and offer reinvestment provisions back into the trust C The shares are redeemable but do not offer reinvestment provisions back into the trust D The shares...

FINRA Questions and Answers 100% correct 2023 The enforcement authorities for the U.S. securities markets and market participants include: I FINRA II SEC III MSRB A. I only B. I and II C. II and III D. I, II, III The best answer is B. Both FINRA and the Securities and Exchange Commission (SEC) regulate, and have enforcement capability over, the U.S. securities markets and market participants. The Municipal Securities Rulemaking Board creates rules for municipal market participants, ...

The letter of intent in a corporate underwriting is typically signed by which of the following parties? correct answers Issuer and Managing Underwriter For WKSIs, shelf registration statements (SEC Rule 415) are: correct answers (i) Effective immediately; (ii) good for three years; and (iii) may use free writing communication. The term statutory underwriter refers to: correct answers The syndicate manager in a firm commitment underwriting. Green Shoe clause correct answers (i) allows...

Series 7: Regulation (FINRA Rules) Questions and Answers 100% correct 2023 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 the customer to the representative I and III Compensation cannot be paid by the customer to the registered representativ...

Under Code of Procedure, prehearing conference must be held within how many days of receipt of the respondent's answer to the complaint? correct answers 21 Under the Code of Arbitration, a respondent must answer within how many days after receiving a statement of claim? correct answers 45 If not appealed to the NAC, Department of Enforcement findings under the Code of Procedure, other than barring/expulsion, become effective.. correct answers no earlier than 30 days from the date of the d...

Regulations Finra Rules Questions and Answers 100% correct 2023 All of the following statements are true regarding the U.S. securities markets EXCEPT: A FINRA has regulatory authority over the markets and market participants in the trading of all non-exempt securities B the Federal Reserve Board decides securities can be traded on margin C the Securities and Exchange Commission has regulatory authority over the securities markets and its participants D the MSRB has regulatory authority ...

The redemption value of an open-ended investment company's shares is based on the: - ANSWER-Net assest value computed afdter the order is recieved An associated person who is not a registered representative is permitted to engage in which of the following activities? - ANSWER-Provide account opening forms to a new customer A decline in the gross domestic product (GDP) must last for at least how many quarters to be considered a recession? - ANSWER-2 quarters When is interest on Treasury...

In a period of low inflation and economic recession, the Federal Reserve is expected to take which of the following actions? A) Decrease Taxes B) Require banks to increase reserve C) Buy bonds in the open market correct answer: Buy bonds in the open market Under FINRA rules which of the following activities by a registered representative requires written notification to her firm? A) Gambling resulting in winnings in excess of $10,000 B) Driving part time for a transportation netw...

Regulations Finra Rules Questions and Answers 100% correct 2023 All of the following statements are true regarding the U.S. securities markets EXCEPT: A FINRA has regulatory authority over the markets and market participants in the trading of all non-exempt securities B the Federal Reserve Board decides securities can be traded on margin C the Securities and Exchange Commission has regulatory authority over the securities markets and its participants D the MSRB has regulatory authority ...