SIE section 2

If after a registered representative terminates the firm learns of something that should have been reported to the Central Registration Depository, how long does the firm have to make an amendment if that information would cause statutory disqualification?

10 days

For a new issue that qualifies for Nasdaq listing, a prospectus must be provided to all purchasers within how many days after the effective date?

25 days

For non listed non nasdaq securities how long to get a prospectus

40 DAYS

Which benchmark interest rate indicates the direction of the Federal Reserve Board's monetary policy?

Discount rate

Penny stock rules apply to both solicited and unsolicited transactions. T o F

F only solicited

Who does MSRB turn over all dealings to?

Finra

The aftermarket prospectus requirement for nonlisted securities is

For the first 90 days following the IPO,

flow of money between US and other countries

Is balance of payments

Broker-dealers who transact securities business with other broker-dealers or customers must be registered with

SEC

Which of the following prospectus must be provided no later than confirmation of the sale?

Statutory prospectus, They can be used to discuss key information, but the statutory prospectus is still required at or prior to confirmation.

A tombstone advertisment can be place by..

The issuer or the underwriter

Treasury receipts are backed by

The issuing broker dealer

only negotiable CDs are considered money market instruments. True o False

True

Which of the following calls for the underwriters to buy securities from the issuer acting as an agent, not as principal?

best efforts underwriting

All of the following are self-regulatory organizations (SROs) except A) New York Stock Exchange (NYSE). B) Financial Industry Regulatory Authority (FINRA). C) Securities and Exchange Commission (SEC). D) Municipal Securities Rule Board (MSRB).

c sec

a preliminary prospectus is used for

indications of interest before the effective date.

The MSRB does not have jurisdiction over

municipalities selling their own securities.

Preferred shareholder have

no voting or preemptive rights.

Retail communication

sent to more than 25 retail investors in a 30-day period

Under the Uniform Securities Act (USA), registrations must be renewed how frequently?

Annually

Private securities transactions

Are exempt from securities act of 1933

Accrued interest on U.S. government bonds is calculated using

Actual day and months of the year

What code in finra deals with the public

Code of conduct

When do rising inventories generally occur?

Contraction

Correspondence

Correspondence is communication directed to 25 or fewer retail investors in a 30-day period.