Wiley Series 10 Securities Licensing Exam Review 2019 + Test Bank : The General Securities Sales Supervisor Examination - General Module.: The General Securities Sales Supervisor Examination - General Module. (2019)

• Record Type: Book
• Other Titles: Wiley series ten securities licensing exam review 2019; Series 10 securities licensing exam review 2019; Series ten securities licensing exam review 2019
• Other Names: Securities Institute of America, Inc.
• Contents: ABOUT THE SERIES 10 EXAM xi ABOUT THIS BOOK xv ABOUT THE TEST BANK xvii ABOUT THE SECURITIES INSTITUTE OF AMERICA xix CHAPTER 1 SUPERVISION OF BROKERAGE OFFICE PERSONNEL AND PROCEDURES 1 Hiring New Employees 1 Resignation of a Registered Representative 3 Registration Exemptions 4 Foreign Broker Dealers 5 Compensation Paid to Unregistered Persons 5 Retiring Representatives/Continuing Commissions 6 Persons Ineligible to Register 6 Disciplinary Actions against a Registered Representative 7 Termination for Cause 8 Outside Employment 9 Private Securities Transactions 9 Gift Rule 9 Communications with the Public 10 FINRA Rule 2210 Communications with the Public 11 Broker Dealer Websites 14 Sharing in a Customer’s Account 15 Borrowing and Lending Money 15 Order Tickets 16 Executing an Order 16 Becoming a Stockholder 17 Accrued Interest 22 Close Outs 23 Customer Confirmations 23 Rules for Good Delivery 24 Delivery of Round Lots 25 Delivery of Bond Certificates 26 Rejection of Delivery 26 Reclamation 27 Marking to the Market 27 Customer Account Statements 27 Carrying of Customer Accounts 28 Dividend Distribution 29 Proxies 32 Box Counts 32 Missing and Lost Securities 33 The Customer Protection Rule 34 Broker Dealer Books and Records 35 Pretest 41 CHAPTER 2 GENERAL SUPERVISION AND CUSTOMER RECOMMENDATIONS 45 The Role of the Principal 45 Supervisor Qualifications and Prerequisites 46 Continuing Education 47 Tape Recording Employees 49 Heightened Supervisory Requirements 50 Information Obtained from an Issuer 50 Customer Complaints 50 Mediation 51 Code of Arbitration 52 Investor Information 54 Member Offices 54 Business Continuity Plan 58 Recommendations to Customers 59 Research Reports 68 Recommendations through Social Media 71 Regulation FD (Fair Disclosure) 72 The Insider Trading & Securities Fraud Enforcement Act of 1988 73 Firewall 74 Pretest 75 CHAPTER 3 SUPERVISION OF CUSTOMER ACCOUNTS 77 Opening a New Account 77 Holding Securities 79 The Depository Trust Company (DTC) 80 Mailing Instructions 81 Types of Accounts 81 Trading Authorization 84 ABLE Accounts 88 Retirement Plans 90 Accounts for Employees of Other Broker Dealers 102 Numbered Accounts 103 Prime Brokerage Accounts 103 Account Transfers 103 Margin Accounts 105 Special Memorandum Account (SMA) for a Long Margin Account 112 Wrap Accounts 122 Regulation S-P 122 Identity Theft 123 FINRA Rules on Financial Exploitation of seniors 124 Currency Transactions 125 The Patriot Act 125 Isolated Sales Account 127 Securities Investor Protection Corporation Act of 1970 (SIPC) 128 Health Savings Accounts 129 The Department of Labor Fiduciary Rules 129 The Penny Stock Cold Call Rule 130 Pretest 133 CHAPTER 4 SALES SUPERVISION OF NEW ISSUES 137 The Securities Act of 1933 137 Freeriding and Withholding/FINRA Rule 5130 141 Underwriting Corporate Securities 143 Exempt Securities 147 Exempt Transactions 148 Rule 147 Intrastate Offering 154 Rule 137 Nonparticipants 155 Rule 138 Nonequivalent Securities 155 Rule 139 Issuing Research Reports 155 Rule 415 Shelf Registration 156 Regulation M, Rule 104 157 Underwriting Direct Participation Programs 159 Investment Company Registration 159 Mutual Fund Distribution 160 Pretest 167 CHAPTER 5 SUPERVISION OF THE SECONDARY MARKET 171 The Securities Exchange Act of 1934 171 Listing Requirements for the NYSE 176 Types of Orders 179 The Exchanges 182 Priority of Exchange Orders 183 Limit Up Limit Down (LULD) 197 The Nasdaq Market 198 Pink OTC Market 209 Trade Reporting and Comparison Service (TRACS) 209 Advanced Computerized Execution System (ACES) 210 The Order Audit Trail System (OATS) 210 Electronic Communication Networks (ECNs) 211 Direct Market Access 212 Rogue Trading Prevention 213 Third Market 213 Nasdaq Market Center for Listed Securities 213 Fourth Market 214 SEC Regulation ATS 214 FINRA 5% Markup Policy 215 Markups and Markdowns When Acting as a Principal 216 Riskless Principal Transactions 217 Proceeds Transactions 217 Dominated and Controlled Markets 217 ACT/TRF Trade Scan 218 Pretest 223 CHAPTER 6 MSRB RULES AND REGULATIONS 227 Municipal Bonds 227 Issuing Municipal Securities 228 Municipal Fund Securities 239 Variable Rate Securities 240 Municipal Bond Trading 240 Recommending Municipal Bonds 246 Municipal Bond Advertising 246 Municipal Bond Insurance 246 Political Contributions 247 Registration Requirements for Municipal Securities Professionals 249 MSRB Overview 250 Pretest 255 ANSWER KEYS 259 GLOSSARY OF EXAM TERMS 265 INDEX 331
• Publisher Details: Hoboken, New Jersey : John Wiley and Sons, Inc Wiley
• Publication Date: 2019
• Extent: 1 online resource
• Subjects: 332.64273; Commodity exchanges -- United States; Securities -- United States; Stock exchanges -- United States; BUSINESS & ECONOMICS / Finance; Electronic books
• Languages: English
• ISBNs: 9781119554011; 1119554012
• Related ISBNs: 9781119553984
• Notes: Note: Online resource; title from PDF file page (EBSCO, viewed December 27, 2018).
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.