Seeks Business for the Broker-Dealer from Customers and Potential Customers
Rule 504 of Reg D provides an exemption for companies to sell up to this dollar amount of their securities in any 12-month period
$10 Million
The use of borrowed funds, or this term, is an investment strategy that can magnify both gains and losses in the account
Leverage
This type of preferred stock allows investors to receive an additional dividend in special circumstances
Participating
If a trade is executed correctly but posted to the wrong account, the firm corrects it through these procedures
Cancel and Rebill
The first modern stock trading created in Amsterdam around 1611 saw this, the first publically traded company, for many years, the only company with activity on the exchange
The Dutch East India Company
In this fraudulent practice an operator promises to pay inflated returns on an investment and collects money from new investors. Instead of investing the money, inflated returns are paid to earlier investors, but any collected money is not invested.
Ponzi Scheme
The obligation of making these recommendations generally do not apply to institutional accounts that are viewed as less vulnerable and more capable by the regulators
Best Interest
This useful rule of thumb which helps set a rough guideline for the mix of stock and bonds in a portfolio
Rule of 100
These are the two main national stock market exchanges in the United States
New York Stock Exchange and NASDAQ
James "Jamie" Dimon's birthday
March 13th, 1956
These firms are defined as one that has been expelled from membership by a securities regulator. FINRA requires certain firms to tape record telemarketing conversations of representatives here
Disciplined Firms
A critical responsibility of FINRA member firms is the protection of personal customer information. This regulation requires firms to have policies and procedures to protect this information from security threats, identify theft, and unauthorized access
SEC Regulation S-P
This debt security is secured by assets that are in the possession of another business entity like a subsidiary or parent company
Collateral Trust Certificates
As an alternative to holding securities in street name, customer can hold securities in registered form on the records of the issuing company through this system
Direct Registration System (DRS)
Following her 1861 diagnosis of tuberculosis, Amelia "Memie" Sturges and her husband J.P. Morgan moved to this capital city, in hopes the warmer weather would provide relief of her symptoms
Algiers, French Algeria (Present day Algiers, Algeria)
The availability of shelf registration is based on issuer experience and size. These issues are defined as having a minimum worldwide market value of $700 million of voting and non-voting equity held by non-affiliates within any 60-day period
Well-known Seasoned Issuers (WKSI)
Any receipts or disbursements of customer checks or securities must be tracked by the broker-dealer. This is the record that itemizes these activities
Blotter
In rating the credit quality of corporate bonds, these two agencies share similar codes for their credit ratings
Fitch's and S&P (Standard and Poor's)
These are considered the normal market hours of the stock exchanges
9:30AM - 4:00PM EST
Considered to be a status symbol among the 17th century Dutch aristocracy, this item sparked "mania" during the 1630s in Holland with many families leveraging their homes and life savings to purchase (often times unfulfilled) options contracts.
Tulip Bulbs (Tulip Bulb Mania)
A prepared speech given every Friday in April and May to 4 retail investors and 5 institutional investors is considered this type of communication
Correspondence
In nearly all respects, they function like 401(k) plans, with the same tax treatment, contribution limits, loan provisions, and distribution rules. 457(b) plans carry these noteworthy differences
1. Withdrawals prior to 59 1/2 do not pay 10% penalty if leaving job or retiring
2. Double limit catch-up provision
The determination of the cost basis for an OID bond requires adjustment for this
Accretion
The percentage decline in the S&P 500 index for a level 1, 2, and 3 halt or "Circuit Breaker"
7%, 13%, and 20%
This event refers to the third Friday of March, June, September, and December when three types of derivative contracts-stock options, stock index futures, and stock index options- expire simultaneously
The "Curse of the Triple Witching Hour"