Series 24 timeframes Exam with
Complete Solutions
30 seconds - ANS-For trades executed during normal hours and canceled at or before
4:00, the cancellation report must be made within
30 seconds - ANS-market maker trades must be reported within
2 days - ANS-Form 4 an officer acquiring 5% of beneficial ownership must be filed
within (escalated because it's an insider!)
4 days - ANS-8k's must be filed within this many days of an event
15 days - ANS-SEC Rule 503 requires that issuers of unregistered securities file Form
D (Notice of Sales Made) with the SEC within this many days of the first sale (5 0
3)=5x3=15
15 days - ANS-customer compliants filed within this many days of end of quarter with
FINRA
15 days - ANS-for CTR reports of transactions of $10,000 or more must be reported
within this many days (the higher amount causes escalation)
10 days - ANS-advertising must be filed with FINRA within this many days of 1st use
10 days - ANS-invesmtent analysis tools must be filed within this many days of first use
10 days - ANS-all CMO and derivative ads must be filed this many days BEFORE 1st
use
10 days - ANS-length of the quiet period (reports cannot be issued) for additional issues
10 days - ANS-day trading accounts must be approved in this timeframe after opening
10 days - ANS-form 13D must be filed if someone takes over 5% of a company's
outstanding stock, this is a shorter form for more ACTIVE investors
quarterly - ANS-how often do order routing methods have to be disclosed by firms
, 30 seconds - ANS-how long do market makers have to display quotes of orders
recieved by customers that are priced better than current quotes?
13 days - ANS-how many days do firms have after settlement to locate stock under reg
SHO?
3 days - ANS-# of business days that form 211 (confirmation that mm has done due
diligence on a otcbb issuer) must be filed for penny stocks/OTCBB?
15 minutes - ANS-how long after execution do TRACE transactions have to be reported
for BOND trades?
30 seconds - ANS-amount of time that members have to report trades to FINRA's ACT
10 days - ANS-amount of time customers have to remove cash dividends before they
become permanenet SMA
10 days - ANS-amount of time new issues must be held before marginable
10 days - ANS-amount of time that customers have to accept offers of recission for bad
trades
10 days - ANS-length of time that buyers of rule 147 stock has to wait to sell (same as
147 prefiling period)
10 days - ANS-audited financial statements can be extended for this amount of days
45 days - ANS-10q's must be filed within
45 days - ANS-13G within the end of the calendar year if SOMEONE acquires 5% of
beneficial ownership but HAS no ACTIVE PLANS, this investor is passive
45 days - ANS-Max duration of temporary subordinated loans
90 days - ANS-10k must be filed within _ days of year end
90 days - ANS-Companies that are currently traded on another market must meet the
bid price and market cap requirements for 90 consecutive days prior to applying to
Nasdaq. The 90-day period is called the seasoning period
If a firm's debt equity ratio (subordinated debt to total available capital) exceeds 70% for
a period of more than 90 days, immediate notification to the regulatory authorities is
required
180 days - ANS-time that freely transferable stock must be held in connection to an
underwriting compensation
Complete Solutions
30 seconds - ANS-For trades executed during normal hours and canceled at or before
4:00, the cancellation report must be made within
30 seconds - ANS-market maker trades must be reported within
2 days - ANS-Form 4 an officer acquiring 5% of beneficial ownership must be filed
within (escalated because it's an insider!)
4 days - ANS-8k's must be filed within this many days of an event
15 days - ANS-SEC Rule 503 requires that issuers of unregistered securities file Form
D (Notice of Sales Made) with the SEC within this many days of the first sale (5 0
3)=5x3=15
15 days - ANS-customer compliants filed within this many days of end of quarter with
FINRA
15 days - ANS-for CTR reports of transactions of $10,000 or more must be reported
within this many days (the higher amount causes escalation)
10 days - ANS-advertising must be filed with FINRA within this many days of 1st use
10 days - ANS-invesmtent analysis tools must be filed within this many days of first use
10 days - ANS-all CMO and derivative ads must be filed this many days BEFORE 1st
use
10 days - ANS-length of the quiet period (reports cannot be issued) for additional issues
10 days - ANS-day trading accounts must be approved in this timeframe after opening
10 days - ANS-form 13D must be filed if someone takes over 5% of a company's
outstanding stock, this is a shorter form for more ACTIVE investors
quarterly - ANS-how often do order routing methods have to be disclosed by firms
, 30 seconds - ANS-how long do market makers have to display quotes of orders
recieved by customers that are priced better than current quotes?
13 days - ANS-how many days do firms have after settlement to locate stock under reg
SHO?
3 days - ANS-# of business days that form 211 (confirmation that mm has done due
diligence on a otcbb issuer) must be filed for penny stocks/OTCBB?
15 minutes - ANS-how long after execution do TRACE transactions have to be reported
for BOND trades?
30 seconds - ANS-amount of time that members have to report trades to FINRA's ACT
10 days - ANS-amount of time customers have to remove cash dividends before they
become permanenet SMA
10 days - ANS-amount of time new issues must be held before marginable
10 days - ANS-amount of time that customers have to accept offers of recission for bad
trades
10 days - ANS-length of time that buyers of rule 147 stock has to wait to sell (same as
147 prefiling period)
10 days - ANS-audited financial statements can be extended for this amount of days
45 days - ANS-10q's must be filed within
45 days - ANS-13G within the end of the calendar year if SOMEONE acquires 5% of
beneficial ownership but HAS no ACTIVE PLANS, this investor is passive
45 days - ANS-Max duration of temporary subordinated loans
90 days - ANS-10k must be filed within _ days of year end
90 days - ANS-Companies that are currently traded on another market must meet the
bid price and market cap requirements for 90 consecutive days prior to applying to
Nasdaq. The 90-day period is called the seasoning period
If a firm's debt equity ratio (subordinated debt to total available capital) exceeds 70% for
a period of more than 90 days, immediate notification to the regulatory authorities is
required
180 days - ANS-time that freely transferable stock must be held in connection to an
underwriting compensation
