Term
|
Definition
|
|
Term
| Limit order improves the MM Quote |
|
Definition
| Immediately (30 Seconds) display |
|
|
Term
| Customer Accounts Reviewed |
|
Definition
|
|
Term
|
Definition
|
|
Term
|
Definition
|
|
Term
|
Definition
|
|
Term
| Directed Orders Response Time |
|
Definition
|
|
Term
| Can cancel in Select Net After |
|
Definition
|
|
Term
| Bid/Offer Decremented to zero |
|
Definition
|
|
Term
| Trades reported to Consolidated Tape |
|
Definition
|
|
Term
|
Definition
|
|
Term
|
Definition
|
|
Term
| Quotation Period for NASDAQ IPO |
|
Definition
|
|
Term
|
Definition
| Notify NASDAQ Market Operations within 30 minutes |
|
|
Term
| Appeals to Market Operation Review Committee |
|
Definition
|
|
Term
| Can use Easy to Borrow list if |
|
Definition
|
|
Term
| Excess Margin Reduced above 140% |
|
Definition
|
|
Term
| List of borrowable securities for short sale purposes can be no more than |
|
Definition
|
|
Term
|
Definition
|
|
Term
|
Definition
|
|
Term
|
Definition
|
|
Term
| U.S Patriot Act - SAR 5000 |
|
Definition
|
|
Term
|
Definition
| No trading 30 days before or 5 days after research report |
|
|
Term
| New Issues and Mutual Fund marginable after |
|
Definition
|
|
Term
|
Definition
|
|
Term
| U5 with in ____ days of termination |
|
Definition
|
|
Term
| Mergers under Hart Scott Rodino Act can't be completed for ___ days from filing notice |
|
Definition
|
|
Term
|
Definition
| 12 days out of 30 days without missing 4 consecutive - No need to file 211 |
|
|
Term
| Reports to market centers are reported |
|
Definition
|
|
Term
| How many days to retrieve customer complaints and order tickets |
|
Definition
|
|
Term
|
Definition
| no more than 30 days per calendar year |
|
|
Term
| Awards in Code of Arbitration are Final and Binding in |
|
Definition
|
|
Term
|
Definition
| within 30 days of opening and 30 days of change (every 36months) |
|
|
Term
|
Definition
| If penny stocks acitvity is 30 days |
|
|
Term
| Must hold open Offer of Rescission for |
|
Definition
|
|
Term
| Rollovers completed within |
|
Definition
|
|
Term
|
Definition
|
|
Term
| Customer complaints counted |
|
Definition
|
|
Term
|
Definition
|
|
Term
|
Definition
|
|
Term
| Notification of Free credit balances |
|
Definition
|
|
Term
|
Definition
| Sent out at least quarterly |
|
|
Term
| SEC can suspend trading for |
|
Definition
|
|
Term
| Lock up period for Stand By Arrangeemnts for IPO |
|
Definition
|
|
Term
| Final settlement of syndicate within ____ days of syndicate settlement date |
|
Definition
|
|
Term
| Summarizing order routing practices |
|
Definition
|
|
Term
| Must pass series 24 within |
|
Definition
|
|
Term
| Failure to meet Reg T, sell out and freeze acct for |
|
Definition
|
|
Term
| Back date LOI for ____ days and good for ____ months |
|
Definition
|
|
Term
|
Definition
|
|
Term
| After Active Duty Military must re-affiliate after |
|
Definition
|
|
Term
|
Definition
| 90 days everytime you sell |
|
|
Term
|
Definition
| employees can buy with a 3 month holding period |
|
|
Term
|
Definition
| reviewed quarterly by BOD |
|
|
Term
|
Definition
| should be filed quarterly with MSRB |
|
|
Term
|
Definition
|
|
Term
| FINRA must be notified at least ___ days before merger or acquistion |
|
Definition
|
|
Term
| Freely transferable stock is locked up for |
|
Definition
|
|
Term
| During offering period of Reg A |
|
Definition
| Sales reports must be filed with SEC every 6 months |
|
|
Term
| Options expiring in ___ months are not marginable |
|
Definition
|
|
Term
|
Definition
|
|
Term
|
Definition
| member must obtain representation that eligilbility exits to buy new issues |
|
|
Term
| Offering circular (Reg A) |
|
Definition
|
|
Term
|
Definition
|
|
Term
| OSJ inspects Supervising Branch |
|
Definition
|
|
Term
| Representation Letter must be within ___ of months of new issue asking if restricted person |
|
Definition
|
|
Term
|
Definition
|
|
Term
|
Definition
| Offshore US to Non US - no resale for 12 months |
|
|
Term
| Minimum term for subordinate Loan |
|
Definition
|
|
Term
| Minimum term of BD for investment companies |
|
Definition
|
|
Term
| Business continuity plans are reviewed |
|
Definition
|
|
Term
| Independantly test your AML programs |
|
Definition
|
|
Term
| Carrying firms must advise their customers of Broker Check Phone Number |
|
Definition
|
|
Term
|
Definition
|
|
Term
| Requalifications required after ___ years for testing for FINRA exams |
|
Definition
|
|
Term
| CE requirement halted for military service |
|
Definition
|
|
Term
|
Definition
|
|
Term
| Time period for material relationship with party subject to fairness opinions |
|
Definition
|
|
Term
| Political contributions violation remain for |
|
Definition
|
|
Term
| Investment Adviser Underwriting Contract max ___ year initially then _____ |
|
Definition
|
|
Term
| Advertising and Sales Literature, complaints and records |
|
Definition
| 3 years, accessible for 2 |
|
|
Term
| OSJ inspects non supervising branch |
|
Definition
|
|
Term
| Record taping required for |
|
Definition
|
|
Term
|
Definition
| 3 years for Seasoned Issuers |
|
|
Term
|
Definition
|
|
Term
|
Definition
|
|
Term
| Statute of limitations for sued from Insider trading |
|
Definition
|
|
Term
| Holding period for roth IRA |
|
Definition
|
|
Term
| Registration in the National do not call list is maintained for |
|
Definition
|
|
Term
| Sarbanes Oxley increased statue of limitations |
|
Definition
|
|
Term
| records, blotters and general ledgers held for |
|
Definition
|
|
Term
| Statue of limitations for code of arbitration |
|
Definition
|
|
Term
| Securities stolen must be reported |
|
Definition
|
|
Term
| Losing firm validates transfer in ___ day, completes transfer within ____ days of validation |
|
Definition
|
|
Term
| Information filed by manager to CFD |
|
Definition
| Within 1 day of registration statement |
|
|
Term
| Form 211 submitted to FINRA |
|
Definition
| 3 days prior to quotting in OTCBB/Pinks |
|
|
Term
|
Definition
|
|
Term
| Buy in ___ business day after SD and must give ___ days written notice |
|
Definition
|
|
Term
| Maintenance calls must be met within |
|
Definition
|
|
Term
| 4 or more trades in a business period |
|
Definition
|
|
Term
|
Definition
|
|
Term
|
Definition
|
|
Term
|
Definition
|
|
Term
|
Definition
|
|
Term
| Options expiring in ___ days are not transferred |
|
Definition
|
|
Term
| SEC can suspend trading of any security for |
|
Definition
|
|
Term
|
Definition
|
|
Term
|
Definition
|
|
Term
| Quiet period for secondary offering |
|
Definition
|
|
Term
| Ammendments to tender offer must remain open |
|
Definition
| for 10 days from ammendment |
|
|
Term
| Subject company of tender offer must notify and advise shareholders within |
|
Definition
|
|
Term
| pre and post filing of sales lit and adverstising |
|
Definition
|
|
Term
|
Definition
| within 10 days of first use |
|
|
Term
| notify SIC of securities difference within |
|
Definition
|
|
Term
| Notify FINRA within _____ days of changing fidelity bond |
|
Definition
|
|
Term
| Firms are required to respond within ___ days of request for things eg>pre-dispute arbitration agreements |
|
Definition
|
|
Term
| close out all FAILS to DELIVER in threshold securities that have existed for |
|
Definition
| 13 consecutive settlement days |
|
|
Term
| reclmatation for minor irregularities |
|
Definition
|
|
Term
| revoke BD if annual fee not paid within |
|
Definition
|
|
Term
| Form 104(AML) - 10,000 reported within |
|
Definition
| 15 days (copies hold for 5 years) |
|
|
Term
| Notify SEC within ___ of changes to independant accountant |
|
Definition
|
|
Term
|
Definition
| no reports 15 days before or after lock up period |
|
|
Term
| Registration statement filed |
|
Definition
|
|
Term
|
Definition
| within 15 days of first sell |
|
|
Term
|
Definition
| filed within 17 days of quarter end |
|
|
Term
| Update 2 principals (emergency contact) |
|
Definition
| promptly and also annually 17 days of year end |
|
|
Term
|
Definition
|
|
Term
| tender offers are open for |
|
Definition
|
|
Term
| FORM 1A must be filed wtih SEC at least |
|
Definition
| 20 days prior to effective date (REG A) |
|
|
Term
| Cooling off period for new issue |
|
Definition
|
|
Term
| Days to respond for COP complaints and amt of days to appeal |
|
Definition
|
|
Term
| COD transactions must be completed within |
|
Definition
|
|
Term
| DVP Accounts have ____ days to deliver to agent bank |
|
Definition
|
|
Term
|
Definition
| Resold in 40 days for Debt 1 year for equities |
|
|
Term
| Quiet period for IPO (manager or Co-manager) |
|
Definition
|
|
Term
| Quiet period for IPO (other participants) |
|
Definition
|
|
Term
| Short securities are bought in after |
|
Definition
|
|
Term
| Maximum duration is ____ days for Temporary Subordinate Loan |
|
Definition
|
|
Term
| Max Temporary loans in 12 months |
|
Definition
|
|
Term
| Respond to Code of Arbitration within |
|
Definition
|
|
Term
| Excused withdrawal can be upto ____ days for legal or regulatory issues |
|
Definition
|
|
Term
| Under taping rule, taping must begin within ___ Days of notice and held for ___ years |
|
Definition
|
|
Term
| BD has ____ days to adjust fidelity bond amts based on Net capital (___) |
|
Definition
|
|
Term
| Hearing from COP decisions |
|
Definition
|
|
Term
| Audited FOCUS reports within ____ days of fiscal year end. Extensions to ____ days |
|
Definition
|
|
Term
| Reclamation of severe irregularities |
|
Definition
|
|
Term
|
Definition
|
|
Term
| cant hire reps that had to be fired for taping % for |
|
Definition
|
|
Term
| # years in business for Independant qualified underwriter for self underwriting |
|
Definition
|
|
Term
| Statutory disqualification time to work in industry after conviction |
|
Definition
|
|
Term
| OTC/Pink IPO delivery requirements |
|
Definition
|
|
Term
| Listed/Nasdaq IPO delivery requirements |
|
Definition
|
|
Term
| Additional OTC Pink delivery requirements |
|
Definition
|
|
Term
| Additional Lists/Nasdaq IPO delivery requirements |
|
Definition
|
|
