Under the terms of the 1970 Securities Investor Protection Act, what is the status of a customer whose account assets exceed SIPC insurance coverage when his broker/dealer becomes insolvent?
Bubba has a short margin account with a short market value of $22,000, a credit balance of $42,000, and SMA of $500.
What is the NYSE minimum equity maintenance for this account?
A registered bond with “Happy Birthday” scrawled across the face of the certificate is delivered to a broker/dealer in satisfaction of sale by another member firm. Assuming it is accompanied by an authentic assignment, power of substitution form, and tax stamps (if appropriate), this is good delivery only if:
Limited partnerships try to avoid recapture because:
Bubba owns 200 shares of XYZ at $90, and wishes to hedge the position while generating income.
What is the best recommendation?
Which of the following registered investment companies normally sells with an appropriate commission added to the contract price?
With the Regulation T requirement at 50%, a firm wishes to impose house rules that require a minimum equity of 40%.
Which of the following is true?
What type of mutual fund would invest in equities and bonds?
Bubba Corporation has 3,500,000 shares of common stock outstanding and its trading volume in the few weeks has been as follows:
Week 1 - 43,000
Week 2 - 30,900
Week 3 - 37,500
Week 4 - 42,600
Week 5 - 33,000 (the most recent week)
If an affiliated person wanted to liquidate some of his holding of 100,000 shares pursuant to SEC Rule 144, how many shares could he sell?
The FINRA markup policy applies to:
