Form u4 Study guides, Class notes & Summaries

Form U4 correct answers When registering with a broker-dealer, all RRs are required to complete this Uniform Application for Securities Industry Registration which discloses: 10-year employment history Any felony convictions, convictions for securities-related misdemeanors, or actions taken by a U.S. or foreign securities regulator that have occurred within the past 10 years − All of these make a person subject to Statutory Disqualification or SD By signing Form U4, a registered perso...

Series 79 Flash CardsU5 Form? - correct answer Generated when you quit or resign from a securities firm. Must be reviewed with new employer within 60 days of filing U4 application U4 Form? - correct answer Must be filed to register with any SRO and be filed with the Central Registration Depository. Disqualified from U4 if any of these apply to you: 1. Fasle reports. 2. Bribery 3. Perjury 4. ANY other felony. Banned for 10 years and needs waiver to be hired Who must register f...

Which of the following statements is true regarding the concept of an annuity contract? a) Payouts of an investment in a nonqualified annuity are all income tax-free b) The kind of annuity selected partly determines the payment amounts to the annuitant c) In the case of life annuity contracts, the age and sex of the annuitant do not affect the payment amounts d) The amounts of the periodic payments to the annuitant are determined by the performance of the insurance company's investment re...

A person applying for an initial registration as an agent might be asked to provide all of the following except A) citizenship information. B) employment history. C) a consent to service of process. D) fingerprints. - D. Fingerprints Unlike FINRA, the USA does not require fingerprints for new registrants. Form U4 lists employment history and many other personal details. LO 2.g

A person applying for an initial registration as an agent might be asked to provide all of the following except A) citizenship information. B) employment history. C) a consent to service of process. D) fingerprints. - ANSWER D. Fingerprints Unlike FINRA, the USA does not require fingerprints for new registrants. Form U4 lists employment history and many other personal details. LO 2.g

Series 79 Primary Markets - correct answer Sale of securities directly from issuers to investors. IPO; weekly auction of treasury bills Secondary Markets - correct answer exchange of existing securities between investors. NYSE, etc Broker-Dealer - correct answer Broker is defined as any person engaged in the business of effecting transactions in securities for the account of others. Dealer is defined as any person engaged in the business of buying and selling securities for its own accoun...

Which of the following statements is true regarding the concept of an annuity contract? a) Payouts of an investment in a nonqualified annuity are all income tax-free b) The kind of annuity selected partly determines the payment amounts to the annuitant c) In the case of life annuity contracts, the age and sex of the annuitant do not affect the payment amounts d) The amounts of the periodic payments to the annuitant are determined by the performance of the insurance company's investment re...

Series 79 - Rules and Regulations Form U4 - correct answer When registering with a broker-dealer, all RRs are required to complete this Uniform Application for Securities Industry Registration which discloses: 10-year employment history Any felony convictions, convictions for securities-related misdemeanors, or actions taken by a U.S. or foreign securities regulator that have occurred within the past 10 years − All of these make a person subject to Statutory Disqualification or SD By...

after notice by FINRA, how long do members have to pay fees? correct answers 21 days how much notice needs to be give to FINRA before a material change to a firm? correct answers 30 days how long after statutory dq'ing event must you report an associated person to FINRA? correct answers do it promptly, no longer than 30 days what are two ways to be DQ'd by FINRA? correct answers convicted of money/securities misdemeanor, or any felony within past 10 years how often must the firm el...

The Securities Act of 1933 correct answers The Securities Act of 1933 focused on greater transparency for investors After the stock market crash of 1929, it was passed into law to protect investors. Greater financial transparency and accuracy and less fraud or manipulation. The legislation had two main goals: to ensure more transparency in financial statements so investors could make informed decisions about investments; and to establish laws against misrepresentation and fraudulent ac...