Series 24 Dollar Amounts

Card Set Information

Author:
Kindri9
ID:
177409
Filename:
Series 24 Dollar Amounts
Updated:
2012-10-13 17:41:46
Tags:
Series 24 Dollar Amounts
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Description:
Dollar amount limits/threshholds to know in the Series 24 material.
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  1. $100
    maximum allowable amount in gifts to employees of member firms
  2. $250
    donations under G-37
  3. $1000
    Net Capital requirement for each security <$5
  4. $2000
    Minimum deposit in new margin account (100% of trans, whichever is less)
  5. $2500
    • net Cap requirement for each security >$5
    • Fine for minor rule violation (COP)
  6. $5000
    • Net Cap requirement: fully disclosed (IB) B/D (non-securities/cash) mutual fund B/D by application
    • SARs not filed???
  7. $10,000
    Reporting requirement for AML
  8. $25,000
    • Net Cap requirement MF B/D by wire order
    • Simplified Arbitration settlement
    • Minimum equity for pattern day traders
  9. $100,000
    Minimum net cap for MMs
  10. $200,000
    Annual income for accredited investors ($300k for joint acct) (Reg D)
  11. $500,000
    Maximum SIPC cover per customer
  12. 1 million
    • Net worth requirement for accredited investors (Reg D)
    • Maximum net cap requirement for MMs
  13. $1.5 million
    • Maximum amount of resale under Reg A
    • Net Cap for prime B/D
  14. $5 million
    Maximum offering under Reg A

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