Registration And Disclosure + Exempt Securities
This type of registration gives the issuer the option to sell some shares now and additional shares at a later date
Shelf Registration
This document authorizes a third party to buy, sell, trade on margin, trade options, deposit funds, and disburse funds to the address of record or an alternate address
Full Power of Attorney (POA)
The anti-fraud provisions of these Securities Acts apply to municipal securities and municipal securities transactions
1933 and 1934
To make these types of transactions and determine appropriateness, a client profile must be sufficiently complete
Solicited Transactions
Self-Regulatory Organization (SRO)
The main purpose of an underwriting selling group
Increase marketability of the issuance
This part of the margin agreement obligates the client to pledge securities in the account as collateral for a loan from the broker-dealer
Hypothecation Agreement
In this type of syndicate account an underwriter has an undivided interest and shares in liability of unsold allocations equal to the percentage of the original allocation
Eastern Account (Undivided Syndicate)
The new account must be accepted in writing by this person on behalf of the firm
Registered Principal
This form us used if an applicant is new to the securities industry or is moving to a different firm and beginning the registration process
Form U-4
The maximum amount and time limitation that can be raised by an issuer through crowdfunding
$5 million during a 12-month period
Margin account transactions are subject to Regulation T, which is under this jurisdiction
This type of social media communication is classified as retail communication but is excluded from the requirement for prior principal approval
Interactive (real-time)
This method of identity verification is used by engaging in credit bureau checks if other options are not possible
Non-documentary methods
A corporate insider is defined by the SEC as a director or senior officer of a company, or any person or entity that beneficially owns more than this percentage of a company's voting shares
10%
This type of stock is issued with a legend that indicates that the shares cannot be resold to the public without registration or an exeption
Restricted Stock
Similar to cash on delivery settlement, DVP/RVP accounts are used by large accounts like mutual funds to mitigate this type of risk
Settlement Risk
Also known as the True Interest Cost this method of determining the winning competitive bid has been adjusted for the time value of of money
Canadian Interest Cost
The four obligations a Broker-Deal must address for Regulation BI compliance
Disclosure Obligation, Care Obligation, Conflict of Interest Obligation, Compliance Obligation
These three securities licenses held in good standing, qualifies a natural person as an accredited investor
Series 7, Series 65, or Series 82
These securities issued under Regulation S may only be resold in the United States after a 40-day holding period
Debt Securities
The consequence in which the minor is liable for any taxes generated from capital gains, dividends, interest, and other distributions in an UGMA or UTMA, although it is the custodian’s responsibility to ensure that taxes are paid. Income above an IRS-specified amount is taxed at the parents’ tax rate and is included on the parents’ tax return, even if the parents are not the donors.
This service disseminates information in real time, feeds data directly into EMMA, and promotes price transparency in the municipal market
New Issue Information Dissemination Service (NIIDS)
The number of pages the firm's form CRS cannot exceed if issued in paper format
Two Pages
Transferring a brokerage account due to divorce (usually through a qualified domestic relations order (QDRO)) does not create a taxable event unless this is true
The recipient spouse is a nonresident alien