Trust indenture - Study guides, Class notes & Summaries

Trust indenture correct answers A trust indenture cannot mandate that a trustee repay all creditors in full in an event of default, because this is not feasible. Cross-default clause correct answers A cross-default clause triggers a debt default if the issuer defaults on any of its other debt obligations. Its purpose is to protect lenders from a default elsewhere in the borrower's capital structure. Insider trading; what is allowed? correct answers While in possession of inside informatio...

SIE Exam for Dummies Book Questions and Answers Already Passed Where must a corporate charter be filed, and what information does it include? A corporate charter must be filed in the state where the corporation is founded. It should detail the founders' names, the type of business, the business location, and the number of authorized shares that can be issued. What does the Securities Act of 1933 regulate? The Securities Act of 1933 oversees the issuance of new corporate securities, manda...

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...

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...

Once registration is effective for a non-exempt new issue, customers that previously received a preliminary prospectus during the 20-day cooling off period are: A. automatically confirmed with a purchase of the issue B. contacted by the underwriter to see if they wish to purchase the issue C. obligated to buy an amount of the issue determined by the underwriter D. permitted to make a competitive bid for the issue correct answers The best answer is B. Once registration is effective, cu...

Section 1: Knowledge of Capital Markets - ANSWER The SEC purpose/mission when created jurisdiction authority - ANSWERprotect investos, maintin fair orderly & efficient markets, facilitate capital formation by congress in 1934 US federal government enforce federal security laws & create laws that regulate securities industry enforces Securities act 1933/1934, trust indenture act 1939, investment company act 1940, investment advisors act 1940 SROs (Self-Regulatory Organizati...

corp or trust of pooled funds to invest in large diversified portfolios correct answers investment company professional management diversification lower transaction cost correct answers benefit of investment company raise capital by selling share to public registration and prospectus requirement correct answers Securities ACT of 1933 SEC regulation of investment companies how shares sold to public correct answers Investment Company Act of 1940 investment company correct answers ...

Which of the following statements regarding discretionary accounts is TRUE? A) A branch manager must approve discretionary orders before entry. B) A principal must approve discretionary orders before entry. C) An order in which an investor designates the security's name, the number of shares, and whether to buy or sell and gives the agent discretion as to time and price only is not considered discretionary. D) The rules regarding churning of accounts do not apply to discretionary account...

On the 2-year anniversary of their registration and every 3 years thereafter. - correct answerWhen must RRs complete the Regulatory Element of Continuing Education? True - correct answerTrue or False: Firm Element Continuing Education requires BDs to update employees on job and product-related subjects. U4 - correct answerTo apply for a securities license, one must file Form _____ with FINRA. Action (buy/sell), Amount (quantity), and Asset (security) - correct answerWhat three items mus...

On the 2-year anniversary of their registration and every 3 years thereafter. When must RRs complete the Regulatory Element of Continuing Education? True True or False: Firm Element Continuing Education requires BDs to update employees on job and product-related subjects. U4 To apply for a securities license, one must file Form _____ with FINRA. Action (buy/sell), Amount (quantity), and Asset (security) What three items must be specified on a not held order A not held order will be c...