FREE AND STUDY GAMES ABOUT SERIES 24 EXAM

PDF Download

FREE AND STUDY GAMES ABOUT SERIES 24 EXAM

QUESTIONS

Actual Qs and Ans Expert-Verified Explanation

This Exam contains:

-Guarantee passing score -200 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation

Question 1: NONEXEMPT SECURITIES IN OTC AND EXCHANGE MARKETS. NOT MUNI

BONDS OR PROSPECTUS OFFERINGS.

Answer:

5% POLICY APPLIES TO?

Question 2: ACT

Answer:

TRANSACTIONS ARE REPORTED TO FOR CLEARANCE AND SETTLEMENT PURPOSES.

Question 3: LIMIT ORDER RULE (MANNING II)

Answer:

MEMBER CANNOT TRADE AHEAD OF CUSTOMER IF TRADER AHEAD MUST GIVE CUSTOMER

BETTER RICE.

Question 4: REGISTERED BY COORDINATION

Answer:

ALLOWS TO BE SOLD IN STATE. DUPLICATE REGISTRATION IS FILED WITH STATE THAT

BECOMES EFFECTIVE AT SAME TIME FED REGISTRATION STATEMENT BECOMES EFFECTIVE

Question 5: MARKUP

Answer:

DIFFERENCE BETWEEN THE LOWEST CURRENT OFFERING PRICE AMONG DEALERS AND THE

HIGHER PRICE A DEALER CHARGES A CUSTOMER.

Question 6: 100 MILLION OR MORE. MEMBERS ARE IF VALUE AT 10 MILLION

Answer:

QIB'S (QUALIFIED INSTITUTIONAL BUYERS)- IS AN INSTITUTION (INV. CO., PENSION FUND,

INSURANCE CO, ETC. WHO HAS WHAT PORTFOLIO VALUE OF WHAT? AND MEMBERS VALUE?

Question 7: 1 year, 5 years

Answer:

Board of Directors of Mutual Funds minimum and maximum terms?

Question 8: Clearing firm

Answer:

July 31st each year provide exception report

Question 9: 90 SECONDS OF EXECUTION

Answer:

CONSOLIDATED TAPE - REPORTED WITHIN HOW LONG?

Question 10: MANAGED ACCOUNT

Answer:

WRAP FEE - VARIETY OF SERVICES

Question 11: MARGINABLE

Answer:

SECURITIES THAT CAN BE USED AS COLLATERAL IN A MARGIN ACCOUNT

Question 12: SYNDICATE

Answer:

INVESTMENT BANKERS HANDLE DISTRIBUTION AND SALE OF SECURITY ON BEHALF OF

ISSUE.

Question 13: NASD RULE 2711

Answer:

DEALS WITH RESEARCH ANALYST CONFLICT OF INTEREST RULES

Question 14: 90 SECONDS OR THEY ARE LATE - .SLD (LAE)

Answer:

ACT TRANSACTIONS MUST BE REPORTED WITHIN HOW LONG?

Question 15: MARKDOWN

Answer:

DIFFERENCE BETWEEN HIGHEST CURRENT BID PRICE AMONG DEALERS AND THE LOWER

PRICE THAT A DEALER PAYS TO A CUSTOMER

Question 16: BID

Answer:

PRICE AN INVESTOR CAN SELL TO A BROKER DEALER

Question 17: 500 SHARES, 50,000 OR LESS

Answer:

RULE 144 AFFILIATE UNREGISTERED SHARES - 90 DAYS IF SMALL AMOUNT- DON'T NEED TO

FILE 144 IF SELL HOW MUCH?

Question 18: INSIDE MARKET AT TIME OF SALE

Answer:

ACTIVE COMPETITIVE MARKET - PREVAILING PRICE IS?

Question 19: CORPORATE BONDS, MOST CORPORATE DEBT IMPROVED MARKET

TRANSPARENCY FOR PUBLIC.

Answer:

TRACE - TRADE REPORTING AND COMPLIANCE SYSTEM - OTC SECURITIES REPORTING

SYSTEM FOR WHAT SECURITIES?

Question 20: FOURTH MARKET

Answer:

INSTITUTIONAL INVESTORS - LARGE BLOCKS OF STOCK TRADED - TAKE PLACE THROUGH

ECN'S ELECTRONIC COMMUNICATIONS NETWORKS

Question 21: EXEMPT TRANSACTION

Answer:

NO FEDERAL REGISTRATION - EXAMPLES - REGULATION A,S,D OFFERINGS

Question 22: KEOGH PLAN

Answer:

QUALIFIED TAX DEFERRED FOR SELF EMPLOYED

Question 23: UNREGISTERED SHARES

Answer:

RULE 144

Question 24: ARBITRAGE

Answer:

SIMULTANEOUS PURCHASE AND SALE OF SAME OR RELATED SECURITIES TO TAKE

ADVANTAGE

Question 25: OPENING OR CLOSE

Answer:

MARKET ORDERS PUT IN WHEN?

Question 26: UIT - UNIT INVESTMENT TRUST

Answer:

INVESTMENT CO. THAT SELLS A FIXED NUMBER OF REDEEMABLE SHARES IN PORTFOLIO OF

SECURITIES AND IS DIVERSIFIED . ORGANIZED UNDER TRUST INDENTURE.

Question 27: DELIVERY VERSUS PAYMENT

Answer:

SETTLEMENT WHERE SECURITIES ARE DELIVERED TO A BANK IN EXCHANGE FOR PAYMENT

OF AMT DUE

Question 28: ASK

Answer:

OFFER - PRICE INVESTOR CAN BUY FROM BROKER DEALER