FINRA Series 24 (times and/or deadlines
for reporting & filing)
Spot checks on BD by FINRA can happen - correct answer ✔✔Anytime
Sell out occurs if seller doesn't receive money from buying firm w/o notice after regular way settlement -
correct answer ✔✔Anytime
ACAT form must be sent to old BD from new BD when - correct answer ✔✔Immediately
Coordination registration when SEC clears issue (blue sky) effective - correct answer ✔✔Immediately
PIPE(private investment in public equity) issuer files registration statement w/ SEC after closing of
offering when - correct answer ✔✔Immediately
REG S sales made to any SEC-designated offshore securities market reported - correct answer
✔✔Immediately
REG FD issues make nonpublic info available to public if intentionally giving out to analyst must make
public when - correct answer ✔✔Immediately
Display customer limit order that improves market makers quote - correct answer ✔✔Immediately
Calculation for violation of Net Cap rules reported - correct answer ✔✔Immediately
BD Net Cap calculation after finish of offering reported - correct answer ✔✔Immediately
Clearing firm forwards complaint from customer regarding IBD to FINRA & IBD - correct answer
✔✔Immediately
, Restricted period for actively traded securities - correct answer ✔✔None
Time limit for stabalization - correct answer ✔✔None
Regulatory Reporting requirement for Pink Sheet company - correct answer ✔✔None
Prospectus Requirement for APO Listed / Nasdaq offering - correct answer ✔✔None
OATs Reporting to FINRA - correct answer ✔✔Daily
All fully paid securities under possession or control of BD reported - correct answer ✔✔Daily
Update "easy-to-borrow list" for short selling - correct answer ✔✔Every 24 hours
ACAT form validated by delivering BD within - correct answer ✔✔1 business day
Restricted period before effective date - APO w/ ADTV $100k - correct answer ✔✔1 day
Interdealer transaction confirms sent within - correct answer ✔✔1 day
Contact SIC for lost securities if criminal activity is suspected within - correct answer ✔✔1 day
Waiting period to re-enter as CQS market maker after withdrawing quote - correct answer ✔✔1 business
day
Time between ex-dividend and record date - correct answer ✔✔1 business day
FOCUS II and IIA filed after termination of membership with FINRA - correct answer ✔✔2 business days
for reporting & filing)
Spot checks on BD by FINRA can happen - correct answer ✔✔Anytime
Sell out occurs if seller doesn't receive money from buying firm w/o notice after regular way settlement -
correct answer ✔✔Anytime
ACAT form must be sent to old BD from new BD when - correct answer ✔✔Immediately
Coordination registration when SEC clears issue (blue sky) effective - correct answer ✔✔Immediately
PIPE(private investment in public equity) issuer files registration statement w/ SEC after closing of
offering when - correct answer ✔✔Immediately
REG S sales made to any SEC-designated offshore securities market reported - correct answer
✔✔Immediately
REG FD issues make nonpublic info available to public if intentionally giving out to analyst must make
public when - correct answer ✔✔Immediately
Display customer limit order that improves market makers quote - correct answer ✔✔Immediately
Calculation for violation of Net Cap rules reported - correct answer ✔✔Immediately
BD Net Cap calculation after finish of offering reported - correct answer ✔✔Immediately
Clearing firm forwards complaint from customer regarding IBD to FINRA & IBD - correct answer
✔✔Immediately
, Restricted period for actively traded securities - correct answer ✔✔None
Time limit for stabalization - correct answer ✔✔None
Regulatory Reporting requirement for Pink Sheet company - correct answer ✔✔None
Prospectus Requirement for APO Listed / Nasdaq offering - correct answer ✔✔None
OATs Reporting to FINRA - correct answer ✔✔Daily
All fully paid securities under possession or control of BD reported - correct answer ✔✔Daily
Update "easy-to-borrow list" for short selling - correct answer ✔✔Every 24 hours
ACAT form validated by delivering BD within - correct answer ✔✔1 business day
Restricted period before effective date - APO w/ ADTV $100k - correct answer ✔✔1 day
Interdealer transaction confirms sent within - correct answer ✔✔1 day
Contact SIC for lost securities if criminal activity is suspected within - correct answer ✔✔1 day
Waiting period to re-enter as CQS market maker after withdrawing quote - correct answer ✔✔1 business
day
Time between ex-dividend and record date - correct answer ✔✔1 business day
FOCUS II and IIA filed after termination of membership with FINRA - correct answer ✔✔2 business days
