Unit One/Two
Unit One/Two
Unit Three/Four
Unit Three/Four
Unit Five/Six
100
What is the difference between a "Bullish" and "Bearish" market?
Bullish Market - Upwards market Bearish Market - Downward market
100
What credit rating is considered to be most strong?
AAA or Aaa
100
What time length must securities continuing education be completed from first registration, and then thereafter?
2 Years after first registrations, and every 3 years thereafter
100
How long are "Letters of Intent" good for?
Maximum of 13 months Can be backdated 90 days
100
What is "Front Running"?
Putting your own securities order ahead of a clients in the same security
200
What is a "Round lot"
100 Shares
200
What is the only mortgage issue security that is backed by the full faith and issue of the Government?
Ginnie Mae
200
A "Red Herring" or "Preliminary Prospectus" is used to collect?
Indications of interest in a new security.
200
For record keeping, how long must files be kept?
Three Years
200
What are 4 of the 10 non financial suitability questions in a customers profile?
Age, marital status - # of dependents - employment - employment of family member - current/future education needs - current/future health care needs - risk tolerance, attitude towards investing - tax status
300
What is an "ARD"?
American Depository Receipt
300
What does "CMO" mean?
Collateralized Mortgage Obligation
300
A "Primary Offering" is used when a company
Issues New Stock During an IPO (Initial Public Offering)
300
What are the two requirements for an employee to be enrolled in a pension?
Employee is at least 21 or older Performed one year of full time service (1000 hours or more)
300
What is the difference between TIC and JTWROS?
TIC - Each Tenants Assets are retained by their estate at death JTWROS - Each tenants assets transfer to the remaining tenant at death
400
What are the THREE names of the securities that mature from 52 weeks to 10 Years +?
Bill (wrote a) Note (to James) Bond
400
The Investment act of 1940 classified investment companies into three broad types; What are they?
Face Amount Certificate Companies Management Investment Companies Unit Investment Trusts
400
What is the Act of 1933?
Paper Act.
400
What is considered "Retail Communication"?
Any written communication sent to more than 25 retail investors within a 30 day period.
400
A (SARS) Suspicious Activity Report is generated when?
Transactions of $5000 or more when financial behavior appears commercially illogical and serves no apparent purpose.
500
What is the sequence of who gets paid in a liquidation of a company?
Wages - Taxes - Secured Debt - General Creditors - Debentures - Subordinated Debt - Preferred Stock - Common Stock.
500
What is the document that must be given within three days of a costumers request?
Statement of additional information.
500
What does "DERP" stand for?
Declatration Date - EX - Date - Record Date - Payable Date.
500
What is the SIPC limit for Cash and Securities?
$500,000.00 Not to exceed $250,000.00 in Cash.
500
What are the 3 A's that gives an agent "Discretion" in a clients account?
Action - Asset - Amount.
M
e
n
u