series 24444

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medmikebb717
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126286
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series 24444
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2012-01-06 23:34:41
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244444
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  1. portfolio mgr or investment officer of a bank is considered
    insider


    bank president is not considered insider and may buy new issue
  2. bank trust officer buying a new issue on behalf of individual that wishes to remain anyonymous must
    within preceeding 12 months verify that account is eligible to buy new issuess
  3. credit agreements on margin accounts don't give
    stated rate of interest
  4. if securities in secured demand note fall in value
    finra must be notified immediatly

    under reg u the haricut is 30% when the securities are pledged for a bank loan so if the collateral deficiency is not remedied by noon of the next business day the bank will start selling collateral to pay down the face amount of the note to 70% of the current collateral value
  5. finra decided that issuers can now pay research analyst to follow their issues even though it's a conflict of interest, provided that
    • -compensation is not tied to producing a favorable report
    • -nature and extent of compensation must be disclosed on the report
    • -analyst must comply with regulation ac, where analyst certifies under oath that his opinion is not biased
  6. nasdaq appeals
    no later than 30 min after trade to nasdaq makret watch

    after they give written determination, u got 1 hour to appeal to market operations review committee
  7. PASSIVE MARKET MAKER CAN'T BUY MORE THAN
    30 % AVG DAILY TRADING VOL IN THAT ISSUE
  8. MAINTANENCE CALLS CAN BE MET BY
    DEPOSIT 100% CASH VAL OF CALL AMOUNT

    DEPOSIT MARGINABLE STOCK EQUAL TO 1.333 TIMES THE VAL OF CALL AMOUNT

    SELLING SECURITIES IN THE ACCOUT 4 TIMES THE CALL AMOUNT
  9. A REGISTERED REP CONTACTING A CUSTOMER ON THE FIRM DO NOT CALL LIST
    CAN ONLY CALL TO DISCUSS THE CUSTOMERS ACCOUNT PROFILE, NOT TO RECONDMEND NEW INVESTMENTS

    IF THE CUSTOMER WAS ON THE NATIONAL DO NOT CALL LIST AND NOT THE FIRM DO NOT CALL LIST, HE COULD BE SOLICITED UNDER THE ESTABLISHED BUSINESS RELATIONSHIP EXEMTPION
  10. BRANCH DEFINED AS
    LOCATION IDENTIFIED BY ANY MEANS TO THE PUBLIC OR CUSTOMERS AS A LOCATION AT WHICH THE MEMBER CONDUCTS INVESTMENT BANKING OR SECURITIES BUSINESS
  11. ODJ DEFINED AS
    • ORDER EXECUTION OR MARKET MAKING
    • STRUCURING OF PUBLIC OFFERINGS OR PRIVATE PLACEMENTS
    • CUSTODY OF CUSTOMER FUNDS OR SECUR
    • APPROVAL OF NEW ACCOUNTS
    • REVIEW AND ENDORSEMENT OF CUST ORDERS
    • FINAL APPROVAL OF ADVERTISING OR SALES LITERATURE
    • SUPERVISING REPS
  12. NEWS LETTER THAT MAKES SECURITIES RECOMENDATIONS BASED ON SPECIFIC CLIENT INPUT
    MUST REGISTER AS INVESTMENT ADVISOR
  13. BROKER CHECK ALLOWES YOU TO SEE
    MOST RECENT 10 YEARS EMPLOYMENT HISTORY (INSIDE AND OUTSIDE SECURITIEIS INDUSTRY)
  14. GIVE UP CLEARING AGREEMENT
    SAME SHIT AS INTRODUCING BD RELATIONSHIP

    LEGEND TO PENSON
  15. SPECIALIST ON NYSE IS ALSO RESPONSIBLE FOR
    BUYING AND SELLING FROM HIS OWN INVENTORY TO SMOOTHE PRICE MOVEMENTS

    (NOT FOR HANDLING ANOTHER DMM'S ASSIGNED STOCK WHENT THE TRADING GETS HEAVY...BECAUSE EACH DMM IS ASSIGNED TO PARTICULAR FUCKING STOCK)
  16. PASSWORD PROTECTED WEBSITE
    SALES LITERATURE
  17. BROKERS ARE LIMITED TO BORROWING FUNDS USING CUSTOMERS SECURITIES AS COLLATERAL TO THE AMOUNT OF
    THE CUSTOMER DEBIT
  18. BOARD OF DIRECTORS OF THE ISSUER WHOS SHARES ARE SUBJECT OF AN INSIDER TRADE BY AN UNAFFILIATED PERSON
    DOES NOT HAVE POTENTIAL CIVIL LIABILITY
  19. A MEMBER FIRM THAT WOULD LIKE TO IMPLEMENT A PORTFOLIO MARGIN PROGRAM MUST
    GIVE PRIOR NOTIVE TO FINRA AND RECEIVE APPROVAL FROM FINRA....WOW
  20. IF FIRM DISCOVERS SOMETHING ON REP THEY FIRED
    THEY GOTTA UPDATE U5 IN FILE AMENDED VERSION IN 30 DAYS.
  21. NASDAQ MODIFIER SYND MEANS
    NON-PENALTY STABILIZING BID
  22. NASDAQ MODIFIER PBID
    MEANS PENALTY BID
  23. REGULATION X
    REQUIRES REG U AND REG T BE FOLLOWED. GOVERNS LENDING ON SECURITIES TO US PPL BY NON US LENDERS
  24. EX DIVDEND AMOUNTS ARE ROUNDED
    UP
  25. DUAL REGISTRATION PERMITED IF
    FINRA IS GIVEN PRIOR NOTIFICATION OF THE DUAL REGISTRATION VIA FORM U4
  26. NASDAQ WILL DELIST A STOCK IF
    PRICE FALLS BELOW A DOLLAR FOR AT LEAST 30 CONSEQUTIVE DAYS
  27. LETTER SENT TO 20 PPL RECOMENDING INVESTMENT STRATEGY IS
    CORRESPONDENCE

    SUBJECT TO POST REVIEW AND APPROVAL BY PRINCIPAL
  28. LOCKED IN CAN ALSO BE
    AGNECY CROSS TRANSACTION
  29. LIIMIT ORDERS ENTERED INTO NASDAQ ARE
    • MARKET DAY: 930 TO 4
    • SYSTEM DAY: 7 TO 8 (INCLUDES PREMARKET AND AFTER MARKET)
  30. CUSTOMER TRANSACTIONS MSUT BE REVEIWED FOR SUSPICIOUS ACTIVITIES
    DAILY
  31. 8K IS FILED BY
    ONLY DOMESTIC COMPANY ISSUERS TO FILE MATERIAL CHANGES IN THE STATUS OF THE ISSUER IN 4 DAYS
  32. MAX TERM FOR BOARD OF DIRECTORS IN SEGREGATED CLASSES
    5 YEARS (ONE OF THE CLASSES MUST COME UP FOR REELECTION EACH YEAR_
  33. USA PATRIOT ACT REUIRES OBTAINING WHAT FOR OPENING ACCOUNT FOR A NON RESIDENT ALIEN?
    PASSPORT NUMBER AND US TAX NUMBER


    ( NOT FUCKING SS!!!!!!!!!! SHIT)
  34. RR THAT FAILS TO COMPLET REG ELEMENT IN REQUIRED TIME
    CANNNOT REQUEST A MOTHER FUCKING COCK SUCKING EXTENSION FROM FINRA

    HIS LICENSE WILL BE SUSPENDED AND HE CANNOT BE COMPENSATION BY THAT MEMBER FIRM...PRETTY GOOD FUCKING INSENTIVE TO COMPLETE THE DAMN THING
  35. CHANGING FISCAL YEAR
    REQURIES DETAILED EXPLANATION TO DEA
  36. TRADE OR MOVE IS NOW CALLED
    OPENING CROSS
  37. DO NOT CALL EXEMPTION
    NOT FOR YOUR CUSTOMERS PERSONAL FRIENDS OR FAM, ONLY FOR THE REPS FRIENDS AND FAM
  38. IF NASDAQ STOCK IS DELISTED AND ELIGIBLE MARKET MAKER CAN BECOME AN OTCBB MARKET MAKER WITHOUT FILING FORM 211 IF THE OTCBB REGISTRATION TAKES PLACE
    BY THE CLOSE OF THE BUSINESS ON THE TRADE DAY AFTER THE ANNOUNCEMENT OF THE DELISTING
  39. SIPC COVERAGE IS APPLIED
    PER CUSTOMER NAME

    R U FUCKING KIDDING ME, CAN I REMEMBER THIS SHIT

    • MARGIN AND CASH ACCOUNT ARE
    • COMBINED BECAUSE IT'S UNDER THE SAME NAME

    SIPC provides insurance coverage up to $500,000 of the customer's net equity balance, including up to $250,000 in cash
  40. FINRA REQUIRES MEMBERS TO REPORT SHORT POSITIONS IN NASDAQ SECURITIEIS IN BOTH CUSTOMER AND PROP ACCOUNTS
    BI-MONTHLY (15TH AND LAST DAY)
  41. INACTIVE COMPETITIVE MARKET PRICES USED FOR MARDOWN PURPOSES ARE

    MARKUP PURPOSES
    CONTEMPORANOUS PURCHASES FROM OTHER DEALERS

    CONTEMPORANOUS SALES FROM OTHER DEALERS
  42. STATUTE OF LIMITATIONS FOR FILING ARBITRATION CLAIM
    6 FUCKING YEARS
  43. NASDAQ MARKET MAKER COULD ALSO BE SUSPENDED FOR
    WITHDRAWS WITHOUT OBTAINING NASDAQ PERMISSION (MUST BE EXUSED WITHDRAWL)
  44. ADR ISSUERS MUST FILE WHAT FOR MATERIAL CHANGES IN CORPORATE OPERATIONS
    6K
  45. CAES
    AUTO EXECUTION FOR THIRD MARKET TRADES
  46. THE ONLY EXEMPTION PROVISION THAT CANNOT BE USED FOR IPOS IS
    RULE 144
  47. 3 TYPES OF INVESTMENT COMPANIES
    • FACE AMOUNT CERTIFICATE CO (INVESTMENT CO THAT ISSUES DEBT SECURITIES TO CUSTOMERS)
    • UNIT INVESTMENT CO (REDEEMABLE UNITS-NOT MANAGED)
    • MANAGEMENT CO

    • (A MUTUAL FUND IS A FUCKING OPEN -END MANAGEMENT COMPANY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    • PUBLICALLY TRADED FUND IS CLOSED-END MGT CO
  48. ORDERS ON SINGLE BOOK THAT LOCK THE MARKET ARE
    TREATED AS IMMEDIATELY EXECUTABLE AND FILLED AT THE INSIDE MARKET
  49. SUPERVISORY PROCEEDURS
    MUST BE MAINTAINED AT EACH BRANCH
  50. THE TRADE DATE FOR A WHEN IF ISSUED TRANSACTION IS
    AFTER ISSUINCE
  51. THE DEPOSIT FOR WHEN IF ISSUED TRANSACTIONS IN A CASH ACCOUNT IS
    THE GREATER OF 25% OR $2,000..MUST PAY THE BALANCE NO LATER THAN 5 BUSINESS DAYS AFTER TRADE DATE
  52. AML PROGRAMS MUST BE TESTED:

    -FOR FIRMS THAT EXECUTE TRADES FOR CUSTOMERS

    -'' '' DO NOT '' ''

    TESTING CONDUCTED BY

    PROHOBITED FROM CONDUCTING IS
    ANNUALLY

    EVERY 2 YEARS

    MSUT BE CONDUCTED BY AN INDEPENDENT PERSON (QUALIFIED OUTSIDE PARTY OR A MEMBER FIRM EMPLOYEE)

    • AML COMPLIANCE PERSON
    • PERSON THAT PERFORMES FUNCTIONS BEING TESTED
    • OR BY A PERSON THAT REPORTS TO EITHER OF THESE INDIVIDUALS
  53. ANY CHANGE IN CUSTOMER MAILING ADDRESS
    MUST BE VERIFIED BY A PRINCIPAL, VERBALLY, TELEPHONICALLY , OR IN WRITING
  54. STUCTURING

    MUST REPORT ___ IN _____
    SEVERAL DEPOSITS BELOW 10K

    • SAR REPORT
    • FORM 104 CTR (CURRENCY TRANSACTION REPORT)

    • 30 DAYS
    • 15 DAYS
  55. NEW CLEARING AGREEMETNS ARE SUBMITED TO
    FINRA NATIONAL OFFICE BY CLEARING MEMBER

    FINRA DISCTRICT OFFICE BY INTRODUCING MEMEBER
  56. UNDER RULE 168 SAFE HARBOR GUN JUMPING PROVISIONS (FORWARD LOOKING AND FACTUAL STATEMENTS) COMPANIES ELIGIBLE ARE
    • REGISTERED REPORTING ISSUERS
    • ASSET BACKED ISSUERS
    • FOREIGN PRIVATE ISSUERS

    (NOT INVESTMENT CO ISSUERS)
  57. 1099 FOR JOINT ACCOUNTS ARE SENT TO
    THE ACCOUNT HOLDER WHOS SS IS ON THE ACCOUNT
  58. SAME DAY REGISTRATION FOR A NASDAQ SECURITY IS PERMITED IF
    GLOBAL MARKET STOCK, WHERE THE ISSUING COMPANY MADE AN AN ACQUISITION FOR A SECURITY THAT A MARKET MAKER IS ALREADY REGISTERED TO

    SECONDARY OFFERING WHERE MARKET MAKER IS CO MGR

    NEWLY ISSUED CAPITAL MARKET STOCK WHEN IT STARTS TRADING
  59. A MARKET MAKER THAT ATTEMPTS TO LOCK THE MARKET DURING SINGLE BOOK HRS
    WILL HAVE HIS ORDER ROUTED FOR EXECUTION AT THE LOCKING PRICE

    CROSSING QUOTES ARE RETURNED
  60. NYSE RULE 80B
    30% CUMULATIVE DROP IN THE MARKET, THE CIRCUIT BREAKER IS TRIGGERED
  61. A WRITTEN COMPLAINT FOR AN ERRONEOUS TRADE CAN ONLY BE SUBMITED TO NASDAQ MARKET WATCH
    FOR TRADES AFTER 10AM
  62. ANY CHANGE IN CUSTOMER ADDRESS OR ACCOUNT INFO
    MUST BE VALIDATED BY GENERAL PRINCIPAL

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