Series 24 timeframes
30 seconds - correct answer ✔✔For trades executed during normal hours and canceled at or before
4:00, the cancellation report must be made within
30 seconds - correct answer ✔✔market maker trades must be reported within
2 days - correct answer ✔✔Form 4 an officer acquiring 5% of beneficial ownership must be filed within
(escalated because it's an insider!)
4 days - correct answer ✔✔8k's must be filed within this many days of an event
15 days - correct answer ✔✔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 - correct answer ✔✔customer compliants filed within this many days of end of quarter with
FINRA
15 days - correct answer ✔✔for CTR reports of transactions of $10,000 or more must be reported within
this many days (the higher amount causes escalation)
10 days - correct answer ✔✔advertising must be filed with FINRA within this many days of 1st use
10 days - correct answer ✔✔invesmtent analysis tools must be filed within this many days of first use
10 days - correct answer ✔✔all CMO and derivative ads must be filed this many days BEFORE 1st use
10 days - correct answer ✔✔length of the quiet period (reports cannot be issued) for additional issues
, 10 days - correct answer ✔✔day trading accounts must be approved in this timeframe after opening
10 days - correct answer ✔✔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
30 days - correct answer ✔✔Long Term Subordinated loan agreements must be filed with FINRA within
this amount of days
10 days - correct answer ✔✔the amount of additional time that investors have if anything material
changes connected to a tender offer
10 days - correct answer ✔✔form 147 in an intrastate offering must be filed this amount of days before
effective date (same as 147 holding period)
10 days - correct answer ✔✔amount of days a comany has to notify FINRA of an upcoming dividend
10 days - correct answer ✔✔B/D ammendments must be filed with FINRA within this timeframe (same
as disclosure on REPS)
10 days - correct answer ✔✔for BD members in their 1st year all ADs must be filed in this amount of
time BEFORE 1st use
2 weeks - correct answer ✔✔Short positions in Nasdaq securities in both customer and proprietary
accounts must be reported to FINRA when? This is referred to as short interest reporting.
20 days - correct answer ✔✔NAC can suspend a member after providing this many days notice after
requesting ADDTL information (not to be confused with the 45 day limit for initial information)
20 days - correct answer ✔✔within this many days of years end, insiders can short inside the box to
preserve gains
30 seconds - correct answer ✔✔For trades executed during normal hours and canceled at or before
4:00, the cancellation report must be made within
30 seconds - correct answer ✔✔market maker trades must be reported within
2 days - correct answer ✔✔Form 4 an officer acquiring 5% of beneficial ownership must be filed within
(escalated because it's an insider!)
4 days - correct answer ✔✔8k's must be filed within this many days of an event
15 days - correct answer ✔✔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 - correct answer ✔✔customer compliants filed within this many days of end of quarter with
FINRA
15 days - correct answer ✔✔for CTR reports of transactions of $10,000 or more must be reported within
this many days (the higher amount causes escalation)
10 days - correct answer ✔✔advertising must be filed with FINRA within this many days of 1st use
10 days - correct answer ✔✔invesmtent analysis tools must be filed within this many days of first use
10 days - correct answer ✔✔all CMO and derivative ads must be filed this many days BEFORE 1st use
10 days - correct answer ✔✔length of the quiet period (reports cannot be issued) for additional issues
, 10 days - correct answer ✔✔day trading accounts must be approved in this timeframe after opening
10 days - correct answer ✔✔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
30 days - correct answer ✔✔Long Term Subordinated loan agreements must be filed with FINRA within
this amount of days
10 days - correct answer ✔✔the amount of additional time that investors have if anything material
changes connected to a tender offer
10 days - correct answer ✔✔form 147 in an intrastate offering must be filed this amount of days before
effective date (same as 147 holding period)
10 days - correct answer ✔✔amount of days a comany has to notify FINRA of an upcoming dividend
10 days - correct answer ✔✔B/D ammendments must be filed with FINRA within this timeframe (same
as disclosure on REPS)
10 days - correct answer ✔✔for BD members in their 1st year all ADs must be filed in this amount of
time BEFORE 1st use
2 weeks - correct answer ✔✔Short positions in Nasdaq securities in both customer and proprietary
accounts must be reported to FINRA when? This is referred to as short interest reporting.
20 days - correct answer ✔✔NAC can suspend a member after providing this many days notice after
requesting ADDTL information (not to be confused with the 45 day limit for initial information)
20 days - correct answer ✔✔within this many days of years end, insiders can short inside the box to
preserve gains
