You Call That Security?
I'm Covered for Life!
Join the Club!
Was that Disclosed?
Can I do that?
100
When a value of a certain company is evaulated, common stock, preferred stock, and even convertible perferred stock are often included to figure the overall net worth. However, this type of security is not included when computing for a company's positive value. In fact, it does just the opposite: it is considered to be a liability.
What is a bond?
100
An insurance product designed to provide retirement income.
What is an Annuity?
100
When a Broker/Dealer registered with SEC applys with FINRA. This is what you become.
What is a Member?
100
Form of communication with the public at large, where the member does not control who receives the communication.
What is Advertising?
100
Has one beneficial owner.
What is a single (individual) account?
200
When is bond is being traded at par, the current yield is equal to its yield to maturity (YTM). This is the effect when the traded bond's YTM is less than its current yield.
What is traded at a Premium?
200
Popular among investors seeking market participation but with a guarantee against loss.
What is an Equity Indexed Annuity?
200
Anyone who manages or supervises any part of a member's investment banking or securities business and also must be registered appropriately to do so.
What is a Principal?
200
Promotes securities as an investment medium but does not refer to any specific security.
What is Generic Advertising?
200
The account I can open for my young niece where in many states, thee account assets are not required to be transfered upon the age of mjority of the beneficial owner (the child). These accounts usually offer greater investment choice compared to similiar minor accounts.
What are Uniform Transfer to Minors Act (UTMA) accounts?
300
Requires relatively small investments. It offers investors a way to speculate on interest rate moves and because they sell at deep discounts and offer no cash interest payments to the holder, they are substantially more volatile than tradional bonds. Moreover, their prices fluctuate widely with changes in interest rates and the longer the time to maturity, the greater the volatility.
What is a Zero-Coupon Bond?
300
Something I can do to cash out my annuity, however, liable for income tax on group plus a 10% penalty on the growth if under the age of 59 and a half. On top of that fact, I am only limited to this option during the accumulation phase.
What is a Surrender?
300
This representative may not transact business in REITs (real estate investment trust units), limited partnerships, or DPPs (direct participation programs).
Who is a Series 6 Registered Representatives?
300
An omitting prospectus.
What is a tombstone ad?
300
Excessive trading in a cusomer's account to generate commissions. *Slap hand* "Stop it! Don't do that!"
What is churning?
400
Typically, companies with excellent credit ratings can do this. They use it to raise cash to finance accounts receivable and seaonal inventory overages. Usually considered to be a very short term security.
What is commercial paper?
400
Type of insuance where the death benefit fluctuates with a flexible premium policy.
What is a Universal Life Insurance?
400
Decides when a mutual fund goe ex-dividend.
Who are the Board of Director of the fund?
400
A Mutual Fund Share Class that allows you to convert to a different class after six to eight years.
What is Class B?
400
Created by NASD to dal with alleged violations of SRO rules and federal ecuities laws.
What is the Code of Procedure?
500
Upon exercise of an option, this is the person who would be obliged to buy stock.
Who is the put seller?
500
DAILY DOUBLE
Life Annuity Life Annuity with period certain Joint life with lat survivor annuity Unit refund option
500
Alsocalled HR-10 plans. (That's the only hint you get!)
What are Keogh plans?
500
Must be presented within three days of customer request.
What is Statement of Additional Information (SAI)?
500
This form has to be filed if we catch Steve trying to pay for a $24,000 mutual fund purchase with 48 $500 postal money orders.
What is FinCEN Form 104?
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