FINRA Series 24 (times and/or deadlines
for reporting & filing)
Spot checks on BD by FINRA can happen - correct answer ✔Anytime
Sell out occurs if seller doesn't receive money from buying firm w/o notice
after regular way settlement - correct answer ✔Anytime
ACAT form must be sent to old BD from new BD when - correct answer
✔Immediately
Coordination registration when SEC clears issue (blue sky) effective - correct
answer ✔Immediately
PIPE(private investment in public equity) issuer files registration statement w/
SEC after closing of offering when - correct answer ✔Immediately
REG S sales made to any SEC-designated offshore securities market
reported - correct answer ✔Immediately
REG FD issues make nonpublic info available to public if intentionally giving
out to analyst must make public when - correct answer ✔Immediately
Display customer limit order that improves market makers quote - correct
answer ✔Immediately
Calculation for violation of Net Cap rules reported - correct answer
✔Immediately
, BD Net Cap calculation after finish of offering reported - correct answer
✔Immediately
Clearing firm forwards complaint from customer regarding IBD to FINRA &
IBD - correct answer ✔Immediately
Restricted period for actively traded securities - correct answer ✔None
Time limit for stabalization - correct answer ✔None
Regulatory Reporting requirement for Pink Sheet company - correct answer
✔None
Prospectus Requirement for APO Listed / Nasdaq offering - correct answer
✔None
OATs Reporting to FINRA - correct answer ✔Daily
All fully paid securities under possession or control of BD reported - correct
answer ✔Daily
Update "easy-to-borrow list" for short selling - correct answer ✔Every 24
hours
ACAT form validated by delivering BD within - correct answer ✔1 business
day
for reporting & filing)
Spot checks on BD by FINRA can happen - correct answer ✔Anytime
Sell out occurs if seller doesn't receive money from buying firm w/o notice
after regular way settlement - correct answer ✔Anytime
ACAT form must be sent to old BD from new BD when - correct answer
✔Immediately
Coordination registration when SEC clears issue (blue sky) effective - correct
answer ✔Immediately
PIPE(private investment in public equity) issuer files registration statement w/
SEC after closing of offering when - correct answer ✔Immediately
REG S sales made to any SEC-designated offshore securities market
reported - correct answer ✔Immediately
REG FD issues make nonpublic info available to public if intentionally giving
out to analyst must make public when - correct answer ✔Immediately
Display customer limit order that improves market makers quote - correct
answer ✔Immediately
Calculation for violation of Net Cap rules reported - correct answer
✔Immediately
, BD Net Cap calculation after finish of offering reported - correct answer
✔Immediately
Clearing firm forwards complaint from customer regarding IBD to FINRA &
IBD - correct answer ✔Immediately
Restricted period for actively traded securities - correct answer ✔None
Time limit for stabalization - correct answer ✔None
Regulatory Reporting requirement for Pink Sheet company - correct answer
✔None
Prospectus Requirement for APO Listed / Nasdaq offering - correct answer
✔None
OATs Reporting to FINRA - correct answer ✔Daily
All fully paid securities under possession or control of BD reported - correct
answer ✔Daily
Update "easy-to-borrow list" for short selling - correct answer ✔Every 24
hours
ACAT form validated by delivering BD within - correct answer ✔1 business
day
