Series 99
- By the end of 1 Biz day following receipt of customer's payment (whichever is the later date) -
ANS-...
- If client is long and short an equal number of shares then it is equal to 5% of the long position"
- ANS-...
- If payment is received from yet another BD then within 2 Biz days" - ANS-...
" - ANS-...
"Inspection Requirements at location per WSP: - ANS-...
"Prospective Delivery Requirements - ANS-...
"Series Exams: - ANS-...
(1) 25 days - ANS-...
(1) 6 months - no resale - ANS-...
(1) Non-reporting (will be listed) - ANS-...
(1) OSJ (Office of Supervisory Jurisdiction) - ANS-...
(1) Series 7 - General salesperson - ANS-...
(2) 40 days - ANS-...
(2) 6 months to 1 year - volume restriction (maximum of 1% of total outstanding shares OR the
average weekly trading volume of the past 4 weeks - ANS-...
(2) 80% of assets located within that state - ANS-...
(2) A written statement of the firm's finding by the 15th of the month following the calendar
quarter of the trade - ANS-...
(2) Annually - ANS-...
(2) Non-OSJ Branch that supervises other locations - ANS-...
,(2) Non-reporting (will not be listed; not an IPO) - ANS-...
(2) Series 6 - Variable products salesperson - ANS-...
(3) 80% proceeds used to expand facilities within that state - ANS-...
(3) 90 days - ANS-...
(3) After 1 year - no restrictions" - ANS-...
(3) Every 3 years - ANS-...
(3) Non-OSJ Branch with no supervisory functions - ANS-...
(3) Non-reporting (will not be listed but an IPO) - ANS-...
(3) Series 4 - ROP - ANS-...
(3) Statement must be filed even if no disciplinary action was taken by the firm" - ANS-...
(4) 100% of the purchasers are principal residents of the state." - ANS-...
(4) N/A (aftermarket prospectus does NOT apply)" - ANS-...
(4) Nonbranch Location - ANS-...
(4) Periodically - ANS-...
(4) Reporting (currently Listed)" - ANS-"Continue to deliver Prospectus for:
(4) Series 53 - Municipal Securities Principal - ANS-...
(5) Periodically" - ANS-...
(5) Personal Residence" - ANS-"(1) Annually
(5) Series 27 - Operations Principal (FINOP)" - ANS-...
1035 Exchanges which are contracts funded with existing client asset transfers by RRs are
often viewed as inappropriate - ANS-if the client has made another 1035 deferred Variable
Annuity transfer with the prior 36 months.
3 categories of FINRA defined Communications - ANS-"Correspondence - with <= 25
prospective retail customers within any 30 calendar-day period or with existing customers
, 3 categories of FINRA defined personnel - ANS-RRs, Registered Principals, and unregistered
employees
3 important types of client accounts - ANS-Cash, Margin, Options
3 types of Derivatives covered - ANS-Rights, Warrants, Options
403(b)/457 Plans - ANS-$17,000 (Typically the same as 401(k) plans)
410(k) - ANS-$17,000
529 Plan contributions are - ANS-limited to $13,000 to avoid the gift tax rule but depends on
state laws
A 5% preferred stock gives a dividend of $5 annually - ANS-implies, 5% of the par value of $100
A BD has up to 35 calendar days to - ANS-complete delivery of the security for a DVP customer
A BD is required to maintain physical possession or control of all fully paid and excess margin
securities that belong to its customers - ANS-Promptly
A BD must maintain records of the Methods used to verify a customer's identity for - ANS-5
years following the closing of the new account
A BD must record on its books and records all security differences that are unresolved -
ANS-not later than 7 business days after the security count.
A BD who does not obtain the certifications regarding public appearances must - ANS-for the
next 120 days disclose, in all research reports prepared by the analyst that the analyst did not
provide certifications regarding public appearances.
A buyer can still obtain the dividend after the normal ex-date - ANS-by purchasing the security
in cash up to and including the record date.
A firm that uses micrographic or electronic storage media must have a place where the SEC
and its SRO can review stored files - ANS-Immediately
A full haircut arising for a short securities differences is done - ANS-if unresolved after 28
Business days.
A Margin Account becomes RESTRICTED when - ANS-the Equity falls below the 50% Reg T
requirement but is still greater than the 25% minimum maintenance requirement.
- By the end of 1 Biz day following receipt of customer's payment (whichever is the later date) -
ANS-...
- If client is long and short an equal number of shares then it is equal to 5% of the long position"
- ANS-...
- If payment is received from yet another BD then within 2 Biz days" - ANS-...
" - ANS-...
"Inspection Requirements at location per WSP: - ANS-...
"Prospective Delivery Requirements - ANS-...
"Series Exams: - ANS-...
(1) 25 days - ANS-...
(1) 6 months - no resale - ANS-...
(1) Non-reporting (will be listed) - ANS-...
(1) OSJ (Office of Supervisory Jurisdiction) - ANS-...
(1) Series 7 - General salesperson - ANS-...
(2) 40 days - ANS-...
(2) 6 months to 1 year - volume restriction (maximum of 1% of total outstanding shares OR the
average weekly trading volume of the past 4 weeks - ANS-...
(2) 80% of assets located within that state - ANS-...
(2) A written statement of the firm's finding by the 15th of the month following the calendar
quarter of the trade - ANS-...
(2) Annually - ANS-...
(2) Non-OSJ Branch that supervises other locations - ANS-...
,(2) Non-reporting (will not be listed; not an IPO) - ANS-...
(2) Series 6 - Variable products salesperson - ANS-...
(3) 80% proceeds used to expand facilities within that state - ANS-...
(3) 90 days - ANS-...
(3) After 1 year - no restrictions" - ANS-...
(3) Every 3 years - ANS-...
(3) Non-OSJ Branch with no supervisory functions - ANS-...
(3) Non-reporting (will not be listed but an IPO) - ANS-...
(3) Series 4 - ROP - ANS-...
(3) Statement must be filed even if no disciplinary action was taken by the firm" - ANS-...
(4) 100% of the purchasers are principal residents of the state." - ANS-...
(4) N/A (aftermarket prospectus does NOT apply)" - ANS-...
(4) Nonbranch Location - ANS-...
(4) Periodically - ANS-...
(4) Reporting (currently Listed)" - ANS-"Continue to deliver Prospectus for:
(4) Series 53 - Municipal Securities Principal - ANS-...
(5) Periodically" - ANS-...
(5) Personal Residence" - ANS-"(1) Annually
(5) Series 27 - Operations Principal (FINOP)" - ANS-...
1035 Exchanges which are contracts funded with existing client asset transfers by RRs are
often viewed as inappropriate - ANS-if the client has made another 1035 deferred Variable
Annuity transfer with the prior 36 months.
3 categories of FINRA defined Communications - ANS-"Correspondence - with <= 25
prospective retail customers within any 30 calendar-day period or with existing customers
, 3 categories of FINRA defined personnel - ANS-RRs, Registered Principals, and unregistered
employees
3 important types of client accounts - ANS-Cash, Margin, Options
3 types of Derivatives covered - ANS-Rights, Warrants, Options
403(b)/457 Plans - ANS-$17,000 (Typically the same as 401(k) plans)
410(k) - ANS-$17,000
529 Plan contributions are - ANS-limited to $13,000 to avoid the gift tax rule but depends on
state laws
A 5% preferred stock gives a dividend of $5 annually - ANS-implies, 5% of the par value of $100
A BD has up to 35 calendar days to - ANS-complete delivery of the security for a DVP customer
A BD is required to maintain physical possession or control of all fully paid and excess margin
securities that belong to its customers - ANS-Promptly
A BD must maintain records of the Methods used to verify a customer's identity for - ANS-5
years following the closing of the new account
A BD must record on its books and records all security differences that are unresolved -
ANS-not later than 7 business days after the security count.
A BD who does not obtain the certifications regarding public appearances must - ANS-for the
next 120 days disclose, in all research reports prepared by the analyst that the analyst did not
provide certifications regarding public appearances.
A buyer can still obtain the dividend after the normal ex-date - ANS-by purchasing the security
in cash up to and including the record date.
A firm that uses micrographic or electronic storage media must have a place where the SEC
and its SRO can review stored files - ANS-Immediately
A full haircut arising for a short securities differences is done - ANS-if unresolved after 28
Business days.
A Margin Account becomes RESTRICTED when - ANS-the Equity falls below the 50% Reg T
requirement but is still greater than the 25% minimum maintenance requirement.
