Term
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Definition
| National Commodity Futures Exam* |
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Definition
| Registered Options Principal Exam |
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Definition
| Interest Rate Options Exam |
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| Investment Company and Variable Contracts Exam (Mutual Funds/Variable Annuities) |
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Definition
| General Securities Representative Exam (Stockbroker) |
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Definition
| NYSE General Securities Sales Supervisor Exam - Options |
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Definition
| NYSE General Securities Sales Supervisor Exam - General Module |
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Definition
| Assistant Representative - Order Processing |
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Definition
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Definition
| Foreign Currency Options Exam |
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Definition
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Definition
| Limited Representative (FSA registration) |
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Definition
| Direct Participation (Limited partnerships) Exam |
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Definition
| General Securities Principal (Upgrade from Series 9 and 10) |
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Definition
| General Securities Principal Exam |
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Definition
| Investment Company (Mutual Funds) Principal Exam |
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Definition
| Financial and Operations Principal Exam |
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Definition
| Financial and Operations Principal Introducing Broker Exam |
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Definition
| Futures - Branch Office Manager Exam* |
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Definition
| Futures - Managed Funds Exam* |
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Definition
| Futures Exam - United Kingdom Representatives* |
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Definition
| Canadian Module of the General Securities Exam |
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Definition
| Canadian Module of the General Securities Exam |
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Definition
| Direct Participation Programs Principal Exam |
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Definition
| Registered Options Representative Exam |
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Definition
| NYSE Arca Options Market Maker Exam |
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Definition
| Japanese Module of the General Securities Exam |
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Term
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Definition
| Municipal Fund Securities Limited Principal |
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Term
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Definition
| Municipal Securities Representative Exam |
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Term
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Definition
| Municipal Securities Principal Exam |
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Term
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Definition
| Equity Trader - Limited Representative Exam |
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Term
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Definition
| Proprietary Trader Qualification Exam |
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Definition
| Corporate Securities - Limited Representative Exam |
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Term
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Definition
| Uniform Securities Agent State Law Exam* |
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Term
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Definition
| Uniform Registered Investment Adviser Law Exam (RIA)* |
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Term
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Definition
| Uniform Investment Adviser - Combined State Laws Exam (Combined 63 and 65) |
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Term
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Definition
| Government Securities - Limited Representative |
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Definition
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Definition
| Private Securities Offerings - Limited Representative |
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Definition
| Research Analyst - Securities Analysis |
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Term
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Definition
| Research Analyst - Regulations |
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Definition
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Term
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Definition
| OSJ and supervisor branches inspected annually, non supervisory branches inspected every 3 yrs |
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Term
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Definition
| Persons inspecting branches must be independent from branch activities and from the branch supervisor… if producing manager makes up 20% or more of revenue being reviewed, heightened supervision is required |
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Term
| FINRA Rule 4370 (at opening) |
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Definition
| Business Continuity Plans must be disclosed to customers on account opening |
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Term
| FINRA Rule 4370 (for brokerage) |
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Definition
| Firms must designate two principals as emergency contacts: contact info must be updated promptly |
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Term
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Definition
| 2 year prohibition on negotiated underwritings if political contribution is made to issuer official; $250 max per election permitted by MFP, and only if they're eligible to vote in that municipality |
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Term
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Definition
| 40 calendar days before a research report can be written |
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Term
| Quiet Period for Additional Offerings |
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Definition
| 10 calendar days before a research report can be written |
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Term
| Annual Report to FINRA By April 1st |
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Definition
| Analysts must attest to FINRA that they are compliant annually, by which date |
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Term
| Department of Enforcement |
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Definition
| In Code of Procedure, the complaint is issued by: |
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Term
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Definition
| In Code of Procedure, the respondant has this many days to file a response to the complaint |
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Term
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Definition
| In Code of Procedure, a prehearing conference will be scheduled within how many days? |
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Term
| Acceptance, Waiver, and Consent Letter |
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Definition
| In Code of Procedure, If the respondant does not dispute allegations, they will likely sign what? |
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Term
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Definition
| In Code of Procedure, If there is a minor rule violation, what will likely be the fine? |
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Term
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Definition
| In Code of Procedure, if sanctions are imposed, they would not take effect until how long after written decision? |
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Definition
| Appeal must be made within how many days after a Code of Procedure hearing? |
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Term
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Definition
| Disciplinary information released through what service if santions are at least 10K? |
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Term
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Definition
| In Code of Arbitration, a response to a claim must be made within how many days? |
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Term
| $50,000 or Less (Code of Arbitration) |
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Definition
| Simplified Arbitration can be used if amount of claim is what amount? |
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Term
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Definition
| In Code of Arbitration, awards must be paid within how much time? |
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Term
| Six Years (Code of Arbitration) |
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Definition
| What is the statute of limitations for filing a claim under Code of Arbitration |
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Term
| Members prohibted from soliciting DPP Roll-ups unless: |
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Definition
| 1. Compensation must be equal in amount regardless of vote, or 2. compensation does not exceed 2% of value of securities received in exchange |
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Term
| Three month Lockup (Rule 5130) |
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Definition
| Under Rule 5130, what is the lockup period for Standby purchasers? |
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Term
| Actively Traded Security (Reg M Rule 101 Tier One) - No Restriction |
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Definition
| According to Reg M Rule 101, a security with Average Daily Trading Volume of at least $1,000,000 and public float of at least $150 Million. |
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Term
| Less than Actively traded securities (Reg M Rule 101 - Tier Two) - One business day |
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Definition
| According to Reg M Rule 101, A security with Average Daily Trading Volume of at least $100,000 and public flot value of at least $25 Million |
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Term
| Everything else (Reg M Rule 101 - Tier Three) - Five business days |
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Definition
| According to Reg M Rule 101, A security with Average Daily Trading Volume BELOW $100,000 and public float value of $25 Million |
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Term
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Definition
| If there is a restricted period under Regulation M Rule 101, this rule says that issuers or AP's cannot bid or purchase that security |
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Term
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Definition
| Market Makers can become "Passive" during the restriction period of Regulation M Rule 101, and may enter bids no higher than the highets independent bid. The only exception is if the bid comes from a customer order. This is rule… |
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Term
| Independent Market (Reg M Rule 103) |
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Definition
| This exists if there is at least one other Market Maker in a subject security other than those underwriting the additional issue. |
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Term
| One Business Day before restricted period begins (Reg M Rule 103) |
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Definition
| Applications to act as a passive market maker must be made within this amount of time according to Reg M Rule 103 |
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Term
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Definition
| This rule says that if short positions are established within five business days of effective date, they cannot be closed/covered by stock purchased at the offering price. |
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Term
| 20 Day cooling off period (Reg A) |
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Definition
| The cooling off period for small exempt issues released under Reg A |
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Term
| 10 Business Days Prior (Rule 147) |
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Definition
| The application to underwrite under Rule 147 (intrastate offerings only) must be submitted how long before offering? |
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Term
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Definition
| This is the amount of time that Rule 147 offerings must be held within state before being sold out of state in secondary market |
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Term
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Definition
| This Reg D offering rule differs from others in that there are no limits to how many accredited/nonaccredited investors may purchase shares, there are no restrictions on advertising, and there is no lockup period restricted sale of stock afterward. |
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Term
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Definition
| This is the rule that regulates issuers purchasing their own stock in the open market, to prevent them raising the price. |
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Term
| 25% of ADTV (Rule 10b-18) |
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Definition
| Under Rule 10b-18, issuers can buy back their own stock in the open market if the amount they purchase does not exceed what? |
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Term
| First trade or within last 30 minutes of market hours (exception: 10 mins for Actively Traded stocks) |
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Definition
| Under Rule 10b-18, issuers cannot purchase their own security during volatile market times such as… (For actively traded stocks under Reg M Rule 101, there is an exception |
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Term
| One Business day (CFD filing) |
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Definition
| Managing underwriter files information on whether or not the compensation received for underwriting is far with Corporate Financing Department within how long of filing Registration |
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