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By:
Cole Woolsey
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Decks in this class (85)
Chapter 1 Part 1
Blue sky laws,
Securities act of 1933,
Definition of exempt
19
cards
Chapter 1 Part 2
An agent of a bd is defined as,
Without exception salespersons of...,
However not every employee of a b...
9
cards
Chapter 1 Part 3
Securities act of 33,
In 1934 congress passed the secur...,
Investment company act of 1940 to...
8
cards
Chapter 2 Part 1
Sec versus howey co the four elem...
1
cards
Chapter 2 Part 2
Congress passed the securities ac...,
The securities act of 1933 is des...,
The securities act of 1933 the se...
10
cards
Chapter 2 Part 3
The red herring is used to obtain,
Also during the cooling off perio...,
If the sec determines that the re...
16
cards
Chapter 2 Part 4
Securities offered through a priv...,
In a regulation d offering nonacc...,
Advertising for securities being ...
20
cards
Chapter 2 Part 5
A secuity may be registered by co...,
A registration statement under co...,
Registration by coordination is e...
20
cards
Chapter 2 Part 6
Certain securities are exempt fro...,
Certain securities are exempt fro...,
Federal covered securities as def...
25
cards
Chapter 3 Part 1
Broker dealers agents as well as ...,
If material information provided ...,
For purposes of announcing a pers...
20
cards
Chapter 3 Part 2
The following persons arc exclude...,
Another exclusion from bd,
Another exclusion from bd 2
20
cards
Chapter 3 Part 3
There are two situations in which...,
All partners officers and directo...,
Canadian broker dealers and their...
11
cards
Chapter 4 Part 1
Fraud is defined as,
Under the usa it is unlawful for ...,
The nasaa
20
cards
Chapter 4 Part 2
Agents should always have,
In making recommendations to a cl...,
Commingling is the practice of
20
cards
Chapter 4 Part 3
Selling away,
Selling away the agent must first...,
The only person allowed to compen...
19
cards
Chapter 5 Part 1
Ias register by completing,
The adviser files these forms ele...,
The iard system is similar to fin...
20
cards
Chapter 5 Part 2
Appendix i of form adv part 2a is...,
A wrap fee program is an arrangem...,
In addition to completing appendix 1
20
cards
Chapter 5 Part 3
Form adv h is filed by an adviser...,
If the adviser is a small busines...,
If the adviser has been granted a...
20
cards
Chapter 5 Part 4
An adviser is required only to sa...,
If the investment adviser s net w...,
No bond maybe required of any adv...
20
cards
Chapter 5 Part 5
An adviser excluded from the defi...,
An adviser who is exempt from reg...,
There are two situations in which...
15
cards
Chapter 6 Part 1
Advisers act is that its definiti...,
Federal covered advisers investme...,
Federal covered advisers advisers...
20
cards
Chapter 6 Part 2
For purposes of the brochure rule...,
While the brochure rule dictates ...,
The sec has created rules that sp...
20
cards
Chapter 6 Part 3
Registered representatives are en...,
A conflict of interest arises whe...,
Firms offering wrap accounts must...
20
cards
Chapter 6 Part 4
Also must maintain other records ...,
Also must maintain other records ...,
Also must maintain other records ...
20
cards
Chapter 6 Part 5
Solicitors may receive a fee from...,
If the solicitor is an associated...,
Often solicitors are nonemployees...
10
cards
Chapter 7 Part 1
Along with ias and iars other exa...,
When fiduciaries make decisions i...,
Any conflicts of interest that ar...
20
cards
Chapter 7 Part 2
Other permissible uses of soft do...,
Unacceptable soft dollar arrangem...,
The general rule regarding handli...
20
cards
Chapter 7 Part 3
The investors in these types of h...,
A fulcrum fee is a fee that,
The broker dealer agent definitio...
20
cards
Chapter 7 Part 4
Investment supervisory services r...,
The initials ria registered inves...,
The use of the term financial pla...
18
cards
Chapter 8 Part 1
If a regulation is violated the f...,
An offer or offer to sell is,
The term sale is considered
20
cards
Chapter 8 Part 2
The administrator must always con...,
Administrators may either,
If a registration is already gran...
20
cards
Chapter 8 Part 3
Since administrators are not offi...,
Remember administrators may seek ...,
An existing registration may be c...
20
cards
Chapter 8 Part 4
All commissioners serve a,
If the sec determines that a viol...,
The sec may administer
20
cards
Chapter 8 Part 5
The securities exchange act of 19...,
Anyone inappropriately using,
The maximum civil penalty is
11
cards
Chapter 9 Part 1
If the adviser is meeting with an...,
If the client refuses to provide ...,
Financial considerations are elem...
20
cards
Chapter 9 Part 2
Under amt rules these taxpayers m...,
Individuals may transferassets or...,
There is an exception to the mari...
20
cards
Chapter 9 Part 3
Investors who indicate speculatio...,
As we have just discussed some in...,
A tax credit provides
20
cards
Chapter 9 Part 4
A trust is created when one person,
A trustee has a duty to invest th...,
The upia states that a trustee ma...
20
cards
Chapter 9 Part 5
In order to receive the full tax ...,
The main advantage of incorporati...,
Corporate resolution
12
cards
Chapter 10 Part 1
The proceeds from the sales of se...,
The two marketplaces where securi...,
An efficient secondary market for...
20
cards
Chapter 10 Part 2
The independent brokers execute o...,
Specialists are responsible for m...,
The specialist performs a number ...
20
cards
Chapter 10 Part 3
Before an order can be processed an,
Processing order,
Order department wire room
20
cards
Chapter 10 Part 4
Since a number of orders can arri...,
Day order,
Good till cancelled gtc or open o...
20
cards
Chapter 10 Part 5
All trades of listed securities a...,
Network a of the tape reports tra...,
Network b shows trade information...
15
cards
Chapter 11 Part 1
Private closed corporations,
Shareholders are responsible for,
Inside directors
20
cards
Chapter 11 Part 2
Rights may be freely,
Dividends are usually paid,
Record date
20
cards
Chapter 11 Part 3
This type of stock appeals to inv...,
Warrants are another type of equi...,
A warrant gives the holder the ri...
19
cards
Chapter 12 Part 1
Par value of a bond is the,
The actual price that an investor...,
Note that the price tbat an inves...
20
cards
Chapter 12 Part 2
When a bond reaches its date of m...,
Call provisions,
Refunding
20
cards
Chapter 12 Part 3
For investors who purchase discou...,
Premium bonds their highest yield...,
For investors who purchase bonds ...
20
cards
Chapter 12 Part 4
Mortgage bonds are secured by,
Equipment trust certificates,
Collateral trust bonds
20
cards
Chapter 12 Part 5
Corporate zero coupon bonds arc t...,
Us government securities are dire...,
Agency securities are issued by
20
cards
Chapter 12 Part 6
Strips are always sold,
The federal government sells trea...,
All treasuries are sold in
20
cards
Chapter 12 Part 7
The federal home loan mortgage co...,
The most common type ofmmtgage ba...,
To create a pass through certific...
20
cards
Chapter 12 Part 8
Municipal bonds arc classified in...,
General obligation bonds are secu...,
Debt service is the
20
cards
Chapter 12 Part 9
Commercial paper is,
Commercial paper is usually issue...,
Moody s and standard poor s issue...
23
cards
Chapter 13 Part 1
An lar should never recommend lif...,
Life insurance policies are,
The beneficiary is the person who
20
cards
Chapter 13 Part 2
In a variable life insurance poli...,
In a variable life insurance poli...,
The separate account is the
20
cards
Chapter 13 Part 3
Uit investors will pay,
One example of a uit is a,
The third and most common type of...
20
cards
Chapter 13 Part 4
Asset allocation funds,
Specialized or sector funds,
International funds
20
cards
Chapter 13 Part 5
The management fee is typically t...,
According to the investment compa...,
In order to prevent the theft or ...
20
cards
Chapter 13 Part 6
Normally distribution expenses fo...,
Although 12b 1 fees may not be us...,
Class a summary
20
cards
Chapter 13 Part 7
The individual who receives the i...,
The contract owner may designate,
The majority of annuities are non...
20
cards
Chapter 13 Part 8
Finally people saving for retirem...,
The prospectus for a variable ann...,
An insurance company may deduct s...
20
cards
Chapter 13 Part 9
Indexing methods,
Annual reset rachet,
High water mark
20
cards
Chapter 13 Part 10
Regulators have slated repeatedly...,
Promotions of hedge funds or fund...,
Hedge fund risks
20
cards
Chapter 13 Part 11
Oil and gas limited partnerships,
Explorato1y programs,
Developmental programs
20
cards
Chapter 13 Part 12
Call options,
Put options,
Listed options to create an optio...
20
cards
Chapter 13 Part 13
An investor believes that the pri...,
An investor who is bearish believ...,
In contrast the put buyer s poten...
17
cards
Chapter 14 Part 1
Gnp measures the,
Gross domestic product has replac...,
The most useful variation of gdp is
20
cards
Chapter 14 Part 2
Coincident economic indicators,
The index of lagging indicators r...,
Lagging economic indicators
20
cards
Chapter 14 Part 3
An additional factor is the veloc...,
The frb was originally establishe...,
Federal funds
20
cards
Chapter 14 Part 4
Small cap stocks,
Micro cap stocks,
Liquidity ratios indicate a compa...
20
cards
Chapter 14 Part 5
Form 10 q of an sec reporting com...,
Form 10 k also referred to as the,
A proxy statement is filed when
20
cards
Chapter 14 Part 6
The odd lot theory focuses on the...,
Advance decline figures measure the,
The dow theory attempts to determ...
12
cards
Chapter 15 Part 1
Future value formula,
Senmiannual compounding,
Present value
20
cards
Chapter 15 Part 2
The mean average return on an inv...,
A dollar weighted rate of return is,
A time weighted return is used to...
20
cards
Chapter 15 Part 3
Growth stocks are those with,
Income stocks such as those issue...,
Value stocks tend to sell at a
20
cards
Chapter 15 Part 4
The risk premium is the,
An investor purchases 1 000 share...,
For example if bz 15 the expected...
20
cards
Chapter 15 Part 5
Business risk,
Regulatory risk,
Legislative risk
20
cards
Chapter 15 Part 6
Both the buy and hold and systema...,
Investors who subscribe to the ef...,
Those who believe securities mark...
8
cards
Chapter 16 Part 1
Ira is a type of,
Usually not appropriate for iras,
Anyone who will not turn
20
cards
Chapter 16 Part 2
Generally are not subject to the ...,
Parties in interest,
Fiduciary
20
cards
Chapter 16 Part 3
401 k plans are,
401 k contribution limits,
403 b plans are
12
cards
Chapter 16 Part 4
Nonqualified plans deferred compe...,
Nonqualified plans,
Governmental 457 plans which are ...
11
cards
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Series 65
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