Series 79 question n answers rated A+

Series 79 Primary Markets - correct answer Sale of securities directly from issuers to investors. IPO; weekly auction of treasury bills Secondary Markets - correct answer exchange of existing securities between investors. NYSE, etc Broker-Dealer - correct answer Broker is defined as any person engaged in the business of effecting transactions in securities for the account of others. Dealer is defined as any person engaged in the business of buying and selling securities for its own account. Form U4 - correct answer Individual registration form for those who want to become registered representatives. Form U5 - correct answer Used when a registered representative resigns or is terminated from employment with a member firm. The firm is require to notify FINRA within 30 days by filing this form. The firm must supply former employee with copy of form. When applying to new firm, applicant must give U5 to new employer within 2 days. TWO Year window with this form; after two years must requalify via examination Rule 10b-5 - correct answer Anti-Manipulation, Anti-Fraud, Anti-Insider Trading. Anti Capping, pegging, Wash Sales, Matched orders, etc. Rule 10b-18 - correct answer SafeHarbor from Issuer illegally increasing the price of it's own stock via repurchase. Legal purchases must: - only use one broker dealer to place bids and make purchases during any trading session. - may not make first purchase of the day nor make anyy purchases during the last half hour of the normal trading day. If actively traded, prohibition changes to last 10 mins - Price paid by issuers may not be higher than the highest independent BID or the last independent TRANSACTION price. - amount of stock purchased on any single day limited. The total volume on any single day may not exceed 25% of ADTV for that security.