Finra series 24 - Study guides, Class notes & Summaries

FINRA Series 24 Questions with complete solution 2024/2025 FINRA Series 24 (times and/or deadlines for reporting & filing) Spot checks on BD by FINRA can happen - correct answer Anytime Sell out occurs if seller doesn't receive money from buying firm w/o notice after regular way settlement - correct answer Anytime ACAT form must be sent to old BD from new BD when - correct answer Immediately Coordination registration when SEC clears issue (blue sky) effective - correct answe...

FINRA Series 24 (times and/or deadlines for reporting & filing) fully solved

Securities Act of 1933 correct answers Enacted to regulate how securities are registered, issued and distributed to the public. Primary market focused. AKA the Paper act. Securities Exchange Act of 1934 correct answers Regulated broker-dealers and how existing securities are traded in the secondary market. Created the SEC and SROs. AKA the People Act Securities Exchange Act of 1934 (5 things) correct answers 1. It contains important trading laws 2. It gave the Federal Reserve Board the po...

FINRA Series 24 Question and answers correctly solved 2024/2025 FINRA Series 24 - Unit 4 - Supervision of Trading and Market Making Brokers - correct answer Match buyers to sellers and sellers to buyers. Dealer - correct answer Sells to customers from their own inventory Hidden Profit - correct answer When a firm charges a commission in addition to a markup or markdown. This is a rules violation. Security - correct answer An instrument that signifies ownership in a corporat...

FINRA Series 24 - Unit 4 - Supervision of Trading and Market Making questions well answered

Series 24 Questions with complete solution 2024/2025 Series 24 Variable Annuity Applications Forwarding to Issuer - correct answer Must be forwarded promptly! Variable Annuity Tender within 7 business days - correct answer BD refunds the underwriter and the underwriter refunds to the issuer Research Report Disclosure - correct answer Does not need to disclose if it was a selling group member. Max sales load Mutual Fund - correct answer 8.5% Concessions and Allowances - co...

Series 24 Total Question and answers correctly solved 2024/2025 Series 24 Total Green Shoe Provision - correct answer Can sell up to 15% overallotment. Must be in prospectus. Firm commitment underwriting only. Settlement for syndicates in an offering is? - correct answer 90 days When do firms file registration statement with Finra? - correct answer 3 business days after filing with SEC. If not filing with SEC, atleast 15 business days prior to first sale. Managing underwriter...

Series 24 Question and answers correctly solved 2024/2025 Series 24 - chapt 4 -self regulatory organizations - supervision of member firms A broker/dealer has been suspended by FINRA for rule violations. While suspended such a member must - correct answer FINRA Rules state that during a period of suspension the suspended member must be treated as a non-member firm by all other member firms. Are mutual funds subject to finra mark up policy? - correct answer NO, they are sold with a pro...

Q&As Final Exams 3 Series 24 correctly solved 2024/2025 Q&As Final Exams 3 Series 24 Members who have failed to pay required fees and assessments may have their memberships suspended or cancelled upon 15 days' written notice from FINRA. - correct answer Members who have failed to pay required fees and assessments may have their memberships suspended or cancelled upon 15 days' written notice from FINRA. Which of the following securities offerings would require the disclosure to FINRA t...

Series 24 Question and answers rated A+ 2024/2025 Series 24 - Review A registered representative at your firm borrows $9,000 from another representative in the same branch office. As the principal, you become aware of this at the next scheduled compliance meeting of your firm. What action should you take? A. No action needs to be taken B. This is a "reportable event" that must be filed with FINRA promptly C. You should determine that one representative was not the customer of the othe...