Explanation:
Margin customers must get the Margin Disclosure Statement at least once a year.
Explanation:
Research analysts must first register as general securities representatives and then pass a research analyst qualification examination.
Explanation:
Equity in a Short Margin Account is calculated as follows:
Equity = Credit Balance - Short Market Value
Explanation:
Institutional investors include:
Governmental entities.
Employee benefit plans that meet the requirements of Section 403(b) or Section 457 of the Internal Revenue Code and have at least 100 participants.
Qualified plans that meet the requirements of Section 3(a)(12)(C) of the Exchange Act and have at least 100 participants.
Explanation:
Optional rationale Any sales content that reaches a public audience through a mass medium, such as websites, newspapers, periodicals, magazines, radio, television, telephone recordings, motion pictures, billboards, signs, or sales communications to the public, is described as advertising.
Correspondence is a letter sent to a customer, whereas sales literature is characterized as an options worksheet. The Options Disclosure Document (ODD) is the mandatory offering information that must be provided to customers when they open an options account and any options communication that makes a recommendation, indicates prior performance, or makes a prognosis.
Explanation:
The three General Telemarketing Requirements are the Time of Day Restriction, the Firm-Specific Do-Not-Call List and the National Do-Not-Call List.
Explanation:
Municipal financial advisors are municipal broker-dealers who are knowledgeable about the municipal market. The financial advisor receives a fee from the municipality for assisting in creating a competitive bid offering. The firm acting as the advisor tries to get the issuer the best interest rate possible. If the underwriter is the same firm, there is an inherent conflict of interest. As the underwriter, the firm wants the issuer to pay the maximum interest rate possible, making it simpler to sell the issuer. The financial adviser cannot also be the underwriter in the transaction, which applies to competitive bids and negotiated offerings.
Explanation:
If your registration has been revoked or canceled for more than two years, you must retake the qualifying exam.
Explanation:
The easiest way to hedge a long stock position against a market downturn is to buy a put. If the market declines, the holder of a long put option can put (sell) the stock at the exercise price, shielding the stock position from market risk.