Series 24
Reg M Rule 103 - correct answer ✔✔MM also a syndicate member elects to function as passive mm
- Notification to Nasdaq 1 biz day before restricted period
- Identifier PSMM must be used
- Passive bids no higher than highest indep. bid
- Indep market must exist
- Subject to limit order display rule
6 Year Filings - correct answer ✔✔Blotters (Day book, journal, diary)
General Ledgers
Stock Record
Statements
Customer Account Records
Principal designation record
Series 22 - correct answer ✔✔Allowed to sell DPP's
Foreign Associates Must... - correct answer ✔✔Register with Finra, but are exempt from having to pass
an exam.
Series
27
51
53 - correct answer ✔✔27 = Supervise the preperation of financial reports
51 = Sup. activitives of municipal fund
- such as 529 plan and local govt inv pools only
53 = Sup. purchase of municipal securities
, Kept at OSJ and Supervisory office - correct answer ✔✔Memers written Supervisory Procedures
Finra Manuel - Must be avail to cust.
- Electronically avail ok
Telemarketing Recording Reports sent to Finra... - correct answer ✔✔Quarterly
Advertising and Sales Literature of
Inv Co's, DPP's, Govt. Sec filed... - correct answer ✔✔Within 10 days of first use
Standby Purchasers - correct answer ✔✔In final prospectus
Arrangement in writing
Unable to find other purchasers
STOCK RESTRICTED FOR RESALE = 3 MONTHS
Regulation M - correct answer ✔✔Governs activities of interested parties in outcome of APO. Syn Mem,
MM, Issuers, Officers, etc.
Lifetime Records - correct answer ✔✔Stock Certificate Books
Partnership Articles
Articles of Incorporation
Meeting Minutes
G-37 reports to MSRB sent - correct answer ✔✔Quarterly
Sales literature for 1sy year B/D sent to Finra - correct answer ✔✔10 biz days before first use
Responce to Arbitration request needed within - correct answer ✔✔45 Days
Reg M Rule 103 - correct answer ✔✔MM also a syndicate member elects to function as passive mm
- Notification to Nasdaq 1 biz day before restricted period
- Identifier PSMM must be used
- Passive bids no higher than highest indep. bid
- Indep market must exist
- Subject to limit order display rule
6 Year Filings - correct answer ✔✔Blotters (Day book, journal, diary)
General Ledgers
Stock Record
Statements
Customer Account Records
Principal designation record
Series 22 - correct answer ✔✔Allowed to sell DPP's
Foreign Associates Must... - correct answer ✔✔Register with Finra, but are exempt from having to pass
an exam.
Series
27
51
53 - correct answer ✔✔27 = Supervise the preperation of financial reports
51 = Sup. activitives of municipal fund
- such as 529 plan and local govt inv pools only
53 = Sup. purchase of municipal securities
, Kept at OSJ and Supervisory office - correct answer ✔✔Memers written Supervisory Procedures
Finra Manuel - Must be avail to cust.
- Electronically avail ok
Telemarketing Recording Reports sent to Finra... - correct answer ✔✔Quarterly
Advertising and Sales Literature of
Inv Co's, DPP's, Govt. Sec filed... - correct answer ✔✔Within 10 days of first use
Standby Purchasers - correct answer ✔✔In final prospectus
Arrangement in writing
Unable to find other purchasers
STOCK RESTRICTED FOR RESALE = 3 MONTHS
Regulation M - correct answer ✔✔Governs activities of interested parties in outcome of APO. Syn Mem,
MM, Issuers, Officers, etc.
Lifetime Records - correct answer ✔✔Stock Certificate Books
Partnership Articles
Articles of Incorporation
Meeting Minutes
G-37 reports to MSRB sent - correct answer ✔✔Quarterly
Sales literature for 1sy year B/D sent to Finra - correct answer ✔✔10 biz days before first use
Responce to Arbitration request needed within - correct answer ✔✔45 Days
