Capital Markets
minimum cooling off period
20 calendar days
Unsecured corporate debt obligation
Debenture
When can a fiduciary trade on margin?
When permission is specifically given in the trust or custodial agreement
The Uniform Securities Act state laws require that registered reps must register in a state in which two of the following circumstances:
I and II
an illegal form of market manipulation that attempts to keep the price of a subject security from falling
pegging (equities)
IPO in which a corporation allows some of the existing shareholders to sell their shares along with the newly issued shares
split or combination offering
Mortgage back securities are considered _______ (secured/unsecured) and backed by ________ (mortgage paper/ real estate)
secured, real estate
All options accounts must be approved by
the firm's registered options principal (ROP)
primary industry regulator for underwriting and trading of state and municipal securities. its rules on the securities firms are enforced primarily by the SEC and FINRA
MSRB (Municipal Securities Rulemaking Board)
An associated person of a FINRA member firm engaged in municipal securities underwriting, trading, sales, financial advisory, research, investment advice, or any other activities that involve communication with public investors.
prices determined by market forces where sellers of goods will price them to meet demand and remain profitable
supply-side economic policy
The statement of additional information must be available upon request within _____ days
3 business
order of steps for the distribution of dividends for mutual finds
D(RP)E
declaration, record and payable (same day), ex-dividend date
establishes the us treasury as the lead agency for developing anti-money laundering programs
requires CTRs for amounts greater than $10,000
bank secrecy act
Maximum 12-b fee no-load funds? Fee-loaded funds?
0.25%, 1%
which two are actions of a broker? a dealer?
1. trade of behalf of customers
2. maintain inventory
3. charge commission
4. profit on spread
broker - 1 and 3
dealer - 2 and 4
unsecured promissary note issued with a minimum face value of $100,000
negotiable certificate of deposit (cd)
execute any portion available immeadiately and cancel any balance remaining
immediate or cancel
under subchapter m of the internal revenue code, a fund is required to distribute at (least/or greater than) ____% of its net investment income to shareholders in order to pay taxes on ___% of the NII
at least 90, 10
Deductions to reduce taxable income in limited partnerships (list 4)
Depreciation
Depletion
Accelerated depreciation
Intangible drilling costs
components of good delivery
endorsed/signed by all owners whose name appears on the face of the certificate
signed exactly as the name appears
designed by states or local governments to provide investment vehicles for public funds collected by local government entities
local government investment pools (LGIP)
what are the three margin account agreement forms
credit, hypothecation, and loan consent (optional)
-face amount certificate
- unit investment trust
- management inv co
category of the money supply that includes all coins, currency, demand deposits, time deposits, savings deposits, and noninstitutional money market funds
M2