Roles & Responsibilities
Who is responsible for maintaining the secrecy of the team password and the integrity of the portfolio?
Everyone on the team.
What does “Trades can only be processed in whole” mean?
You receive only the number of shares you can afford (ex: 50 instead of 100).
Entering transactions in portfolios other than your own
could result in disqualification?
What is the commission fee per trade?
$5.00.
What are the hours of operation for SMG trading?
Monday–Friday, 9:30 AM–4:00 PM
Who must serve as an SMG advisor?
A responsible person at least 18 years old.
What is the minimum number of shares required for buy orders?
10 shares.
What happens if your account doesn’t have enough equity for a transaction?
The transaction may be invalidated. [M09- Stock...Test paper | PDF]
What additional fee is charged on sell transactions?
SEC fee.
Stock transactions in Real‑Time games are executed at what price?
Market price at the time of entry.
How many people can be on a team?
1–4 people.
What is the minimum number of shares you can sell?
No minimum.
How much of your equity can be invested in a single company?
No more than 20%
At what annual rate is interest charged on negative cash?
7%
Which type of game are you playing?
Real‑time.
Which grades may participate in the Stock Market Game?
Grades K–12
You may not buy stocks that trade below what price on both days?
$5.00 per share.
Trading multiple portfolios is considered what?
A violation.
At what annual rate is interest credited on positive cash?
1%.
NASDAQ and NYSE
Which exchanges are allowed for trading?
Who is responsible for entering all team trades correctly?
The team members.
Can teams short‑sell stocks in the SMG?
No, short‑selling is not permitted.
Is insider trading allowed in the Stock Market Game simulation?
No, all trades must follow ethical investing rules.
How often is interest applied to cash balances?
Weekly.
Can teams trade on weekends?
Yes, but the transaction will not post until the next trading day.