series 24 sec 2 Question and answers 100% correct 2024/2025

series 24 sec 2
carrying firm - correct answer ✔250k or 6 2/3% of AI (15:1) ai to nc


inroducing firm - correct answer ✔5k or 50k , if 10 trades 100k


Firms engaged solely in merger and acquisition work or in the sale of limited
partnerships have a - correct answer ✔capital requirement of $5,000.


dealer net cap - correct answer ✔100k


market makers - correct answer ✔100k min max 1mm
bid price of $5 or less—$1,000 in net capital per security
bid price of more than $5—$2,500 in net capital per security.


min net capital for firms dealing in investment co secs - correct answer ✔5k
for subscription orders
25k for wires orders


sabranes oxley statute of limitations for bringing a suit - correct answer
✔must be brought within two years after the discovery of the violation but no
later than five years after such violation.


SIPC coverage - correct answer ✔500k no more than 250k cash


SIC discovery of the likely loss of a security - correct answer ✔if no criminal
action is suspected, a member has two business days to locate the missing