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
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
