Term
|
Definition
| A FORMULA TIMING PLAN THAT CONSIST OF PERIODIC PURCHASES OF FIXED DOLLAR AMOUNT OF STOCK. |
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Term
| REVINVESTMENT RISK OF BOND |
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Definition
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Term
| IN ORDER TO BE TAXED AS QUALIFIED DIVIDENDS INVESTMENTS MUST BE HELP MORE THAN |
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Definition
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Term
| BETA IS THE BENCH MARK OF |
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Definition
| MARKET MOVING UP OR DOWN IN A CERTAIN PORTFOLIO COMPARED TO MARKET |
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Term
| CORPORATE INVESTOR CAN DEDUCT THIS PERCENTAGE OF DIVIDEND INCOME RECEIVED FROM AND PREFERRED STOCK WHEN INVESTING IN OTHER CORPORATIONS |
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Definition
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Term
CAPITAL ASSET PROCESSING MODEL
CAPM - TAKES INTO ACCOUNT |
|
Definition
SYSTEMIC RISK
ADVERSE TO RISK
REWARDED FOR RISK |
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Term
| BETA IS A MEASUREMENT OF MARKET VOLATILITY |
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Definition
| FOR EXAMPLE 1.2 WOULD BE 20% MORE OR LESS VOLATILE THAN MARKET. IT IS ADDED TO THE PERCENTAGE |
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Term
| SYTEMIC RISK CAN NOT BE DIVERSIFIED AWAY |
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Definition
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Term
| CALCULATING COST BASIS FOR STOCK SPILT |
|
Definition
EXAMPLE: 2:1 SPILT
100 (SHARES OF STOCK) 60(PRICE STOCK)
x 2 (SPILT) X1
200 60
/1 /2 |
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Term
| CLOSING TRANSACTION = CAPITAL GAINS |
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Definition
|
|
Term
COMPILATION OF CAPITAL LOSSES AND GAINS
AND TAXED ON NET GAIN |
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Definition
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Term
|
Definition
COPPORATION DEBT - ORDINDARY INCOME
INTEREST ON US GOVERNMENT DIRECT DEBT
IS TAXED AS ORDINARY INCOME ON FED.LEVEL, NO TAX ON STATE LEVEL.
INTEREST FROM MORTGAGE BACKED GOVERNMENT AGENCY IS TAXED AS ORDINARY INCOME AS ORDINARY INCOME ON STATE AND FEDERAL LEVEL. |
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Term
| INTEREST ON CORPORATION IS TAXED AS |
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Definition
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Term
| INCOME EARNED IN FOREIGN COUNTRY ARE TAXED IN THAT COUNTRY AND IN THE US. HOWEVER, MAY DEDUCT TAX PAID IN FOREIGN COUNTRY. |
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Definition
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Term
| PORTFOLIO INCOME TAXATION |
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Definition
| DIVIDENDS OF QUALIFIED ARE LOWER THAT NON-QUALIFIED |
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Term
| CAPITAL GAINS OCCUR WHEN THERE IS A SALE - REALIZED GAIN. TAXED ON NET PROCEEDS (AFTER TAX DOLLARS) |
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Definition
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Term
| SHAORT TERM CAPITAL GAINS |
|
Definition
| HELD FOR 1 YEAR OR LESS, TAXED AS ORDINARY INCOME |
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Term
|
Definition
| HELD FOR MORE THAN ONE YEAR. TAXED AT A LOWER RATE (15%) |
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Term
| STOCK DIVIDENDS RESULT IN COST BASIS ADJUSTMENT, IS NOT A TAXABLE EVENT |
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Definition
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Term
|
Definition
| DANGER THAT AFTER PURCHASE THE BOND INTEREST WILL FALL. (LOWERING YIELD, BUT INCREASING BOND VALUE) |
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Term
| SECOND MARKET OF DISCOUNT MUNICIPAL BONDS IS TAXED AS |
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Definition
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Term
|
Definition
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|
Term
| INTERES INCOME FROM GOVERNMENT AND GOVERNMENT AGENCY IS SUBJECT TO WHAT TAX |
|
Definition
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|
Term
| REGRESSIVE TAX APPLY TO EVERYONE EXAMPLES INCLUDE |
|
Definition
|
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Term
|
Definition
| ASSOCIATE WITH EQUITY INSTRUMENTS AND DERIVATIVES LIKE OPTIONS. IT IS THE RISK THAT INVESTMENT DOLLARS CAN BE LOST AS A RESULT OF CIRCUMSTANCES |
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Term
| REGISTER REPRESENTATIVE OPENING AN ACCOUNT WITH RELATIVE MUST |
|
Definition
| HAVE PROPORTINATE INVESTMEST |
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Term
| PREMIUM BONDS ARE AMORTIZED. THERE IS NO CAPITAL GAINS IF |
|
Definition
| HELD TO MATURITY. COST BASIS IS ADJUSTED DOWNWARD |
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Term
| DURATION MEASURES A BONDS |
|
Definition
| PRICE VOLATILITY BY WEIGHTING THE LENGTH OF TIME IT TAKES BOND TO PAY FOR ITSELF. |
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Term
| MUNICIPAL UNIT TRUST IS TAX FREE INCOME |
|
Definition
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|
Term
| GNMA OFFERS SECURE MONTHLY INCOME |
|
Definition
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|
Term
| THERE IS NO TAX LIABILITY ON JTWROS |
|
Definition
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Term
|
Definition
| INVESTOR SELLS THE SECURITY AT A LOSS IN LESS THAN 3O DAYS OF PURCHASE |
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Term
| INTEREST ON A CORPORATE BOND IS |
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Definition
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|
Term
| CAPITAL LOSS CAN ALWAYS OFF SET |
|
Definition
|
|
Term
| GEOGRAPHIC DIVERSIFICATION USED TO AVOID RISK OF |
|
Definition
ECONOMIC DECLINES
CHANGES IN LEGISLATION AT STATE LEVEL |
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Term
|
Definition
SNAP SHOT OF FINANCIAL CONDITION
ASSETS = LIABLILITIES - SHAREHOLDERS EQUITY |
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Term
| METHODS TO MANAGE THE ECONOMY |
|
Definition
|
|
Term
| GROWTH HAS HIGH ____ AND LOW ____ |
|
Definition
|
|
Term
| INDEXES AND AVERAGES MOST TO LEAST |
|
Definition
WILLSHIRE (5000)
NYSE COMPOSITE
STANDARD S&P (500)
DJIN (DOW JONES) |
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|
Term
| TO CURB EXCESSIVE ECONOMIC GROWTH THE FEDS WILL. |
|
Definition
| SELL SECURITIES IN THE OPEN MARKET WHICH TAKES MONEY OUT OF CIRCULATION DURING INFLATION |
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Term
| GROSS NATIONAL PRODUCT IS ADJUSTED FOR |
|
Definition
|
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Term
|
Definition
| CAPITAL ASSETS - CAPITAL LIABILITIES |
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|
Term
| CAPITALIZATION RATIO IS THE RISK OF |
|
Definition
BANKRUPTCY
CR = CA / CL SHOULD BE 2:1 or higher |
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Term
| DEBT RATIO (EXPRESSED AS A PERCENTAGE) |
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Definition
| LTD/TOTAL CAPITALIZATION. IF 50% OR HIGHER IT IS HIGHLY LEVERAGED. (HAS A LOT OF DEBT) |
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Term
|
Definition
$ AVAILABLE TO COMMONSTOCAK HOLDERS
EPS/NUMBER OF OUTSTANDING SHARES. |
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Term
|
Definition
| CURRENT MARKET VALUE (CMW)OF COMMON STOCK /EPS |
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Term
|
Definition
|
|
Term
|
Definition
|
|
Term
| FUNDAMENTAL ANALYST LOOKS AT |
|
Definition
| COMPANY AND THE ECONOMY. THEY LOOK AT WHAT TO BUY AND WHY TO BUY. THEY LOOK AT COMPANY'S BALANCE SHEET. ASSETS AND LIABILITIES. |
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Term
|
Definition
CURRENT ITEMS OF VALUE THAT CAN BE TURNED TO CASH LESS THAN A YEAR.
FIXED ITEMS THAT HAVE VALUE THAT HAVE VALUE BUT CAN NOT BE TURNED TO IMMEDIATE CASH. |
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|
Term
|
Definition
CURRENT: MONEY THAT MUST BE PAID WITHIN A YEAR.
LONG TERM (NOT PAID IN A WHILE) LIKE BONDS |
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|
Term
|
Definition
| SHAREHOLDERS WORTH AND RETAINED EARNINGS |
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|
Term
|
Definition
| SMALL INVESTORS USUALLY WRONG WHEN INVEST AND DO OPPOSITE OF WHAT THEY SHOUD - BEARISH |
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Term
|
Definition
| MORE SHORT SALES, BULLISH MARKET |
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|
Term
|
Definition
| MARKETS ARE EFFICIENT - DIVERSIFIED |
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|
Term
|
Definition
|
|
Term
| HEAD AND SHOULDERS IN TREND LINES IS |
|
Definition
|
|
Term
| HEAD AND SHOULDERS INVERTED IS |
|
Definition
|
|
Term
| TECHNICAL ANALYST TRACKS OVER A PERIOD OF TIME AND LOOKS FOR |
|
Definition
| PATTERNS IN THE MARKET TREND LINES |
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|
Term
| FOMC BUY AND SELL____TO INFLUENCE THE ECONOMY |
|
Definition
| SECURITIES (TREASURY BILLS). IF FEDS SELL MONEY IS TAKEN OUT OF THE ECONOMY, BUYING PUTS MONEY IN THE ECONOMY |
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Term
| RESERVE REQUIREMENTS ESTABLISHED BY |
|
Definition
| THE FRB -WHEN THEY LOWER THE RESERVE REQUIREMENT MORE MONEY IS AVAILABLE FOR LOANS AND WHEN THEY RAISE THE REQUIREMENT LESS IS AVAILABLE, WHICH EQUALS HIGHER INTEREST. |
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|
Term
|
Definition
| WHAT THE BANKS HAVE TO HAVE IN RESERVE WITH FRB. |
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|
Term
|
Definition
| THE RATE FEDS CHARGE BANKS. LOWER, BANKS BORROW MORE, HIGHER, BANK BORROW LESS |
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|
Term
| FEDERAL RESERVE MONEY PYRAMID |
|
Definition
M-1 CASH IN CIRCULATION, LIQUID $ AT OUR DISPOSAL LIKE CHECKING ACCOUNT
M-2 M-1 PLUS SAVING ACCOUNTS - MUTUAL FUNDS LESS THAN $100,000, SMALL CDs (LESS LIQUID)
M-3 M-2 PLUS JUMBO CDs PLUS INSTITUTIONAL MONEY MARKET FUND |
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Term
|
Definition
| GOVERNMENT SPENDS MORE MONEY AND REDUCES TAX, WOULD DRIVE INCREASING ECONOMY |
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|
Term
|
Definition
| GOVERNMENT GETS OUT OF THE WAY AND THE PEOPLE WILL MANAGE. LESS TAX, LESS, GOVERNMENT |
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|
Term
|
Definition
EVERYTHING IS BASED ON MONEY SUPPLY. NOT ENOUGH MONEY, TOO MANY GOODS EQUALS DEFLATION.
TOO MUCH MONEY, TOO FEW GOODS EQUALS INFLATION. |
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|
Term
|
Definition
THINGS REALLY START CHANGING
DURATION OF EMPLOYMENT
CORPORATION PROFITS
INVENTORY RATIOS |
|
|
Term
|
Definition
TELLS US RIGHT WHERE WE ARE IN THE ECONOMY
GNP
CONSUMER PRICE INDEX (CPI)
HOURS WORKED
ANNUAL INCOME - MORE IS GOOD, LESS IS BAD
MANUFACTURE AND INDUSTRIAL SALES/HOURS WORKED |
|
|
Term
|
Definition
STOCK PRICES UP
MONEY SUPPLY (M-2)
NEW BUILDING PERMITS FOR HOMES
INITIAL EMPLOYMENT CLAIMS ARE DOWN OR UP
NEW ORDERS FOR CONSUMER GOODS
CORPORATION PROFITS |
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|
Term
| GROWTH COMPANIES PAY OUT VERY LITTLE DIVIDENDS. |
|
Definition
|
|
Term
|
Definition
AN INDUSTRY THAT IS LEAST EFFECTED BY BUSINESS CYCLES LIKE:
FOOD, UTILITIES AND NON CONSUMABLES |
|
|
Term
| DEVALUE US DOLLAR MAKES TRAVEL ABROAD |
|
Definition
|
|
Term
|
Definition
MONEY SUPPLY
OPEN MARKET
RESERVE REQUIREMENTS
SETTING DISCOUNT RATE |
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|
Term
| LEADING ECONOMIC INDICATOR |
|
Definition
|
|
Term
| THE MOST VOLATILE RATE IS: |
|
Definition
|
|
Term
|
Definition
| CAPITALIZATION RATIO MEASURES AMOUNT OF LEVERAGE WITH EQUITY IN OVER ALL STRUCTURE. |
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|
Term
| IN ORDER TO BE TAXED AS QUALIFIED DIVIDENDS INVESTMENTS MUST BE HELD FOR |
|
Definition
|
|
Term
| LIQUIDITY RATIO MEASURES CORPORATIONS ABILITY TO MEET FINANCIAL OBLIGATIONS |
|
Definition
CURRENT RATIO
ACID QUICK RATIO |
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|
Term
|
Definition
| MONEY FLOWING FROM BANKS AND THRIFTS INTO MONEY MARKET INSTRUMENTS. TENDS TO OCCUR WHEN MONEY IS TIGHT AND RATES ARE RISING MAKING MONEY FUNDS MORE ATTRACTIVE THAN PASSBOOK SAVINGS. |
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|
Term
|
Definition
| MONEY SUPPLY, BUILDING PERMITS, AVERAGE WEEKLY UNEMPLOYMENT, AVERAGE WORK WEEK, MANUFACTURING, NEW ORDER OF CONSUMER GOODS, CHANGES IN INVENTORY OF DURABLE GOODS, CHANGES IN SENSITIVE MATERIAL PRICES, STOCK PRICES, CHANGES IN BUSINESS/CONSUMER BORROWING |
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|
Term
|
Definition
NUMBER OF HOURS WORKED, (PERSONAL INCOME), EMPLOYMENT LEVELS, NON-AGRICULTURAL EMPLOYMENT, PERSONAL INCOME, INDUSTRIAL PRODUCTION, MANUFACTURING AND TRADE SALES
GNP |
|
|
Term
|
Definition
| CORPORATION PROFITS, AVERAGE DURATION OF UNEMPLOYMENT, LABOR COST PER UNIT, OUT PUT RATIO OF INVENTORY TO SALES, COMMERCIAL AND INDUSTRIAL LOANS OUTSTANDING, RATIO OF CONSUMER INSTALLMENT CREDIT TO PERSONAL INCOME. |
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|
Term
| LIMITED PARTNER CAN ONLY DEDUCT |
|
Definition
| TO THE EXTENT OF HIS BASIS. RECOURSE DEBT ADDS TO BASIS. |
|
|
Term
| GENERAL PARTNER - TANGIBLE DRILLING COST AND CAIPITALIZATION |
|
Definition
| LIMITED PARTNER - INTANGIBLE DRILLING COST, DEDUCTIBLE COST. FUNCTIONAL ALLOCATION |
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|
Term
|
Definition
| GENERAL PARTNER PAYS ALL TDC WHICH ARE DEDUCTIBLE OVER THE ESTIMATED LIFE OF THE WELL. IDC ARE DEDUCTED AS INCURED. BENEFITS LIMITED PARTNERS. |
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Term
|
Definition
| DEPRECIATION, DEPLETION, REDUCE TAXABLE INCOME |
|
|
Term
| THE MOST ADVANTAGEOUS TAX ADVANTAGE IS |
|
Definition
| A TAX CREDIT. REDUCES LIABILITY DOLLAR FOR DOLLAR |
|
|
Term
|
Definition
RIGHT TO REVENUES FROM PRODUCTION
PARTIALLY RESPONSIBLE FOR EXTRACTION COST. |
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|
Term
| LIMITED PARTNER HAS RIGHT TO |
|
Definition
| INSPECT RECORDS, SUE GENERAL PARTNER, VOTE TO REMOVE GENERAL PARTNER, SUE FOR DISSOLUTION OF PARTNERSHIP. |
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|
Term
|
Definition
| DEDUCTIONS AGAINST OTHER INCOME AND LONG TERM CAPITAL GAIN, DEFERMENT OF TAXES. |
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|
Term
| PARTNERSHIP AGREEMENT GIVES |
|
Definition
| ROLES OF GENERAL AND LIMITED PARTNERS. |
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|
Term
| LIMITED PARTNER SUBSCRIPTION |
|
Definition
| HOW LIMITED PARTNERS INVEST |
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|
Term
| LIMITEI PARTNER CERTIFICATE |
|
Definition
| GIVES PUBLIC INFORMATION ABOUT THE PARTNERSHIP AND IS FILED IN THE HOME STATE. |
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|
Term
|
Definition
| LIMITED PARTNERSHIPS OR SECURITIES |
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|
Term
| PASSIVE INCOME IS SHELETERED BY |
|
Definition
|
|
Term
|
Definition
|
|
Term
|
Definition
|
|
Term
|
Definition
|
|
Term
| NAV / (100% - SALES CHARGE %)= POP |
|
Definition
|
|
Term
|
Definition
|
|
Term
| ANALYST USES TO DETERMINE RATE OF RETURN |
|
Definition
|
|
Term
|
Definition
| LIMITED PARTNER IS DIRECTLY RESPONSIBLE FOR HIS PROPORTION OF THE LOAN (IF IN DEFAULT) |
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|
Term
|
Definition
| LIMITED PARTNER IS NOT DIRECTLY RESPONSIBLE FOR THE LOAN IF IN DEFAULT |
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|
Term
| LIST THE RISK OF OIL AND GAS DRILLING FROM THE HIGHEST TO THE LOWEST |
|
Definition
| EXPLORATORY - DEVELOPMENTAL - INCOME |
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|
Term
| IF LIMITED PARTNERSHIP IS SOLD |
|
Definition
| GAINS AND LOSSES IS THE DIFFERENCE BETWEEN SALES AND PROCEEDS AND THE ADJUSTED BASIS. ADJUSTED YEARLY AT TAX TIME. |
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|
Term
| LIMITED PARTNERSHIPS CAN OFFSET |
|
Definition
PASSIVE LOSSES AGAINST PASSIVE INCOME
RENTAL INCOME IS PASSIVE INCOME |
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|
Term
| LIQUIDATION OF PARTNERSHIP PAYMENT ORDER |
|
Definition
| SECURED CREDITORS, GENERAL CREDITORS, LIMITED PARTNERS, GENERAL PARTNERS. |
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|
Term
|
Definition
| BROKER/DEAL NOT THE MONEY MARKET MAKER |
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|
Term
| MARKET ORDERS ARE EXECUTED |
|
Definition
| IMMEDIATELY AND NOT HELD OR BOOKED |
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|
Term
|
Definition
SELL LIMITS BUY STOPS
BUY LIMITS SELL STOP |
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|
Term
| STRIKE PRICE AND MARKET PRICE ARE EQUAL IS |
|
Definition
|
|
Term
| MARKET PRICE IS BELOW STRIKE PRICE AND PUT HAS TO BE ABOVE STRIKE TO BE |
|
Definition
|
|
Term
| PUT GOES IN THE MONEY WHEN |
|
Definition
| THE PRICE OF STOCK DROPS BELOW STRIKE - PUT DOWN |
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|
Term
| CALL OPTIONS GO IN THE MONEY WHEN |
|
Definition
| MARKET PRICE IS ABOVE STRIKE PRICE - CALL UP |
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|
Term
| OUT OF THE MONEY MEANS THAT WHEN THE OPTION IS EXERCISED IT |
|
Definition
| CAN NOT GET THE BEST PRICES |
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|
Term
| OUT OF THE MONEY OR AT THE MONEY OHAS |
|
Definition
|
|
Term
| IN THE MONEY MEANS EXERCISING THE OPTION |
|
Definition
| LETS THE INVESTOR SELL A SECURITY FOR MORE THAN MARKET VALUE |
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|
Term
| PUT IS THE RIGHT OF THE INVESTOR TO |
|
Definition
|
|
Term
| CALL OPTIONS GIVE THE INVESTOR THE RIGHT TO |
|
Definition
|
|
Term
| PREMIUM IS THE COST OF THE |
|
Definition
|
|
Term
|
Definition
INTRINSIC VALUE + TIME VALUE OF OPTION
P= I+T |
|
|
Term
|
Definition
BUY/SELL - LONG, HOLDS, OWNS. POSITION OF POWER, INVESTOR CONTROLS
CONTRACT SIZE -
NAME OF STOCK
EXPIRATION MONTH (AT 11:59 ABOUT 9 MONTHS FROM ISSUE, ON SAT. FOLLOWING THE 3RD FRIDAY OF THE MONTH
STRIKE - EXERCISE PRICE
TYPE OF OPTION
THE PREMIUM |
|
|
Term
|
Definition
| 11:59 PM EASTERN TIME ON SATURDAY FOLLOWING THE 3RD FRIDAY OF EACH EXPIRATION MONTH |
|
|
Term
| CORPORATE BONDS STATED IN INCREMENTS OF |
|
Definition
| 1/8. 1/8 = .00125 OR 1.25 |
|
|
Term
| CORPORATE BONDS THAT ARE GUARANTEED ARE GUARANTEED BY |
|
Definition
| ANOTHER CORPORATION WITH BETTER CREDIT |
|
|
Term
|
Definition
| INVITATION OF ISSUER INVITING COMPETITIVE BIDS ON A NEW ISSUE. SETS FORTH ALL THE INFORMATION THAT DEALER WOULD NEED |
|
|
Term
| CATASTROPHE CALL PROVISION |
|
Definition
| ASSOCIATED WITH REVENUE BONDS ARE NOT INCLUDED ON CUSTOMER CONFIRMATIONS. BONDS ARE CALLED IN A DISASTER OF THE PROJECT |
|
|
Term
|
Definition
| THE BOND WILL ADJUST UPWARD TOWARD PAR IF INTEREST RATES RISE. |
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|
Term
| MUNICIPAL SECURITIES ARE EXEMPT FROM |
|
Definition
| FEDERAL AND STATE REGULAYIONS BUT NO SECURITY IS EXEMPT FROM A SEC ACT 1934 WHICH REGULATES SECONDARY MARKET |
|
|
Term
|
Definition
| ISSUED ALL AT ONCE WITH DIFFERENT MATURITY DATES. QUOTED ON A YIELD BASIS PERCENTAGE |
|
|
Term
|
Definition
| HIGHER PREPAYMENT RISK THAT PAC. DESIGNED TO ABSORB THE BULK OF PREPAYMENT RISK |
|
|
Term
| PACS REDUCE PREPAYMENT RISK FOR |
|
Definition
|
|
Term
| PRIORITY OF FULLFILLING MUNICIPAL ORDERS IS DISCLOSED IN |
|
Definition
| THE OFFICIAL STATEMENT AND ESTABLISHED BY THE MANAGING UNDERWRITER IN THE RELEASE TERM LETTER ONCE BID IS WON |
|
|
Term
|
Definition
| DEALER WORKING TO SATISFY A CUSTOMER'S ORDER TO SELL SECURITIES. FREE TO REVISE |
|
|
Term
|
Definition
| ORIGINAL SELLER IS BUYING BACK A GUARANTEED HIGHER PRICE FROM ORIGINAL BUYER |
|
|
Term
|
Definition
| THE BOND HOLDER CAN ISSUE BACK THE BOND AT PAR. HE WOULD DO THIS IF INTEREST RISE - PUT - PAR |
|
|
Term
|
Definition
| WHEN THE YTM IS LESS THAN NOMINAL (PAR) |
|
|
Term
| MUNICIPAL ORDERS ARE FILLED HOW. |
|
Definition
| PRE-ORDERS, GROUP, NET DESIGNATED, MEMBER |
|
|
Term
|
Definition
11-20-40 BOND INDEXES FOR 20 YEAR MATURITY
REVDEX
30 DAY VISIBLE SUPPY
PLACEMENT RATIO |
|
|
Term
| NEGOTIABLE CDs ARE ISSUED |
|
Definition
MINIMUM FACE VALUE OF 1OO,000
JUMBO CD TRADED IN BLOCKS OF 1 MILLION |
|
|
Term
| YIELD QUOTES ON CMOs ARE BASED ON |
|
Definition
| TRANCHES EXPECTED LIFE, NOT THE AVERAGE LIFE OF THE POOLS OF MORGTAGES BACKING THE TRANCHES |
|
|
Term
|
Definition
| LONDON INTERBANK OFFER RATE |
|
|
Term
|
Definition
SOLD AT FACE VALUE AND ARE
NON-NEGOTIABLE, OWNERSHIP CAN NOT BE TRANSERED, CAN NOT BE USED AS COLLATAL |
|
|
Term
|
Definition
|
|
Term
| PRE-REFUNDED CALL DATE RESULTING YIELD BE REFLECTED ON |
|
Definition
|
|
Term
|
Definition
|
|
Term
LONG CALL BUY AT
SHORT PUT SELL AT
LONG PUT SELL AT
SHORT CALL BUY |
|
Definition
|
|
Term
| BUYING A CALL MAXIMUM LOSS AND GAIN |
|
Definition
|
|
Term
| SELLING A CALL MAXIMUM LOSS AND GAIN |
|
Definition
|
|
Term
|
Definition
CALL UP STRIKE + PREMIUM
PUT DOWN STRIKE - PREMIUM |
|
|
Term
YOU ALWAYS HAVE ___ BREAKEVEN POINTS
FOR STRADDLES AND COMBINATIONS |
|
Definition
|
|
Term
BUY A CALL
SELL A CALL
SELL PUT
BUY PUT |
|
Definition
BUY STOCK
SELL STOCK
BUY STOCK
SELL STOCK |
|
|
Term
LONG CONTRACT OPEN CLOSE
INVESTOR OPENS AN OPTION POSITION BY BUYING HE MUST CLOSE BY________ |
|
Definition
| BUY CONTRACT - SELL CONTRACT |
|
|
Term
SHORT CONTRACT OPEN CLOSE
IF AN INVESTOR OPENS A CONTRACT BY SELLING HE MUST CLOSE IT BY _______ |
|
Definition
| SELL CONTRACT - BUY CONTRACT |
|
|
Term
|
Definition
|
|
Term
|
Definition
PURCHASER OR HOLDER
LONG
PAYS PREMIUM
OWNS THE RIGHT
IS IN CONTROL |
|
|
Term
|
Definition
WRITER
SHORT
RECEIVES PREMIUM
TAKES ON OBLIGATION TO PERFORM A CERTAIN WAY IF BUYER EXERCISES HIS RIGH |
|
|
Term
|
Definition
OWNER PAYS THE PREMIUM FOR THE RIGHT TO EXERCISE THE CONTRACT AND BUY THE SHARES AT THE STRIKE PRICE
SELLER RECEIVES THE PREMIUM AND WILL INCURE AN OBLIGATION TO SELL THE SHARES AT THE STRIKE PRICE IF CONTRACT IS EXERCISED |
|
|
Term
|
Definition
OWNER - HOLDER - PAYS THE PREMIUM FOR THE RIGHT TO EXERCISE THE CONTRACT AND SELL THE SHARES AT THE STRIKE PRICE.
SELLER - RECEIVES THE PREMIUM AND WILL INCUR AN OBLIGATION TO BUY THE SHARES AT STRIKE PRICE |
|
|
Term
|
Definition
| IN, AT AND OUT OF THE MONEY ARE MEASURES OF THE VALUE OF OPTIONS. |
|
|
Term
| CALLS HAVE INTRINSIC VALUE WHEN |
|
Definition
| MARKET PRICE IS ABOVE STRIKE PRICE. NO INTRINSIC VALUE IF AT OR BELOW |
|
|
Term
| PUTS HAVE INTRINSIC VALUE WHEN |
|
Definition
| MARKET PRICE IS BELOW THE STRIKE PRICE. NO INTRINSIC VALUE IF AT OR ABOVE |
|
|
Term
| THE MAXIMUM POLITICAL CONTRIBUTION UNDER MRSB RULES IS |
|
Definition
| $250 FOR THOSE ELIGBLE TO VOTE |
|
|
Term
|
Definition
| ANNUNAL DIVIDEND/CURRENT MARKET PRICE |
|
|
Term
|
Definition
| ANNUAL INTEREST/CURRENT MARKET PRICE |
|
|
Term
| NUMBER OF SHARES FOR CONVERSION (CONVERSION RATIO) |
|
Definition
| PAR VALUE/CONVERSION PRICE |
|
|
Term
|
Definition
|
|
Term
| CUSTOMERS CONFIRMATION HAS |
|
Definition
| CUSIP, YTM, CAPACITY DEALER ACTED IN, NO RATE |
|
|
Term
|
Definition
| SUBMITTED BY INTERESTED SYDICATE/BIDDERS |
|
|
Term
| PERCENTAGE OF GOOD FAITH DEPOSIT |
|
Definition
1 TO 2 PERCENT OF PAR OF BONDS OFFERED
IF IT FAILS IT IS RETURNED TO THE SYNDICATE MANAGER/BIDDER |
|
|
Term
| MUNICIPAL BOND UNDERWRITING TERMS ARE SET BY ISSUER AS |
|
Definition
| EITHER COMPETITIVE OR NEGOTIATED FOR GO AND REVENUE BONDS |
|
|
Term
| BOND RESOLUTION DESCRIBES |
|
Definition
| CHARACTERISTICS OF PROPOSED OFFERING AND OBLIGATIONS THE ISSUER HAS TO BOND HOLDERS |
|
|
Term
| ANNUITY GUARANTEES INCOME |
|
Definition
|
|
Term
|
Definition
| ISSUE WILL REDEEM THE BOND ON FIRST CALL, YIELD TO CALL IS USED IN QUOTING THE ISSUE. |
|
|
Term
| DISCLOSURE IS NECESSARY TO |
|
Definition
|
|
Term
| AGREEMENT OUTLINES ROLES OF |
|
Definition
| GENERAL AND LIMITED PARTNERS AS WELL AS RIGHTS AND LIABILITIES |
|
|
Term
| SUBSCRIPTION FOR LIMITED PARTNERSHIP IS ACCEPTED WHEN |
|
Definition
|
|
Term
| MOST LIMITED PARTNERSHIPS AVOID |
|
Definition
| CONTINUTIY OF LIFE - FREE TRANSFERABILITY |
|
|
Term
DDP DIRECT PARTICIPATION PROGRAM
WHO ORGANIZES |
|
Definition
| SYNDICATED, HE ALSO REGISTERS. |
|
|
Term
| LIMITED PARTNERSHIP IS EFFECTIVE |
|
Definition
| AT THE FILING OF CERTIFICATE |
|
|
Term
|
Definition
| RAW LAND, NEW CONSTRUCTION, EXSISTING PROPERTY, GOVERNMENT ASSISTED HOUSING, HISTORIC REHABILITATION |
|
|
Term
| PARTNERSHIP DEMOCRACY ALLOWS |
|
Definition
| LIMITED PARTNERS TO VOTE ON MAJOR DECISIONS BUT NO INVOLVEMENT IN DAY TO DAY OPERATIONS. |
|
|
Term
| CERTIFICATE OF LIMITED PARTNERSHIP PROVIDES |
|
Definition
| CREDITOR WITH INFO REGARDING LIMITED PARTNERS TERM AND MEMBER CONTRIBUTIONS |
|
|
Term
| SUBSCRIPTION AGREEMENT IS FOR |
|
Definition
|
|
Term
|
Definition
|
|
Term
|
Definition
|
|
Term
|
Definition
| 2 TO 1 EXAMPLE 2000 SMA WILL BUY 4000 |
|
|
Term
| SMA IS EFFECTED ONLY WHEN |
|
Definition
| CURRENT MARKET VALUE INCREASES |
|
|
Term
| TOTAL EQUITY OF MARGIN ACCOUNT IS NOT EFFECTED BY |
|
Definition
|
|
Term
| SLOBS AND BLISS ALL GO DOWN WHEN |
|
Definition
| STOCK SPILTS OR DIVDENDS ARE PAID |
|
|
Term
|
Definition
|
|
Term
|
Definition
|
|
Term
|
Definition
|
|
Term
|
Definition
| HIGHEST BID AND LOWEST ASK |
|
|
Term
BLISS CARDS ARE ENTERED_____
SLOBS ARE ENTERED_________ |
|
Definition
BELOW MARKET PRICE OF SECURITY - GET REDUCED ON EX-DATE
AT OR ABOVE MARKET PRICEH REMAIN THE SAME ON EX-DATE |
|
|
Term
|
Definition
| CUSTOMER IS SPECIFIC ABOUT WHAT SHE WANTS TO SPEND OR RECEIVE. PLACES AN LIMIT ORDER. |
|
|
Term
|
Definition
| CUSTOMER IS SPECIFIC ABOUT WHAT PRICE SHE WANTS TO BUY AT OR LOWER |
|
|
Term
|
Definition
| CUSTOMER IS SPECIFIC ABOUT WHAT PRICE SHE WANTS TO SELL AT OR HIGHER |
|
|
Term
| STOP LIMIT BECOMES A LIMIT ORDER AFTER |
|
Definition
|
|
Term
| STOP ORDER TRIES TO LIMIT |
|
Definition
| HOW MUCH AN INVESTOR SELL BORROWED SECURITIES |
|
|
Term
|
Definition
|
|
Term
|
Definition
|
|
Term
|
Definition
| INVESTOR SELLS SECURITIES SHE DOES NOT OWN. SHE IS BORROWING SECURITIES FROM THE LENDER. |
|
|
Term
|
Definition
5% TO SELL AT CMV.
5% WHEN HE IS GOING TO SELL IT. |
|
|
Term
|
Definition
| LISTED SECURITIES ON THE FLOOR |
|
|
Term
|
Definition
|
|
Term
|
Definition
|
|
Term
|
Definition
| FINANCIAL INSTITUTIONS AMONG EACH OTHER |
|
|
Term
| IT TAKES_____ ORDERS FOR ANY ____ORDER |
|
Definition
| 2 STOP. ONE TO TRIGGER, ONE TO EXECUTE |
|
|
Term
| RISK OR TAKE OVER ARBITAGE |
|
Definition
| TO PURCHASE THE SHARES OF THE TARGET COMPANY SHOT THE SHARES OF THE AGGRESS |
|
|
Term
| BLISS ARE EXECUTED IF MARKET IS |
|
Definition
|
|
Term
| SLOBS ARE EXECUTED IF MARKET IS |
|
Definition
|
|
Term
| STOP ORDER IS NOT GUARANTEED EXECUTION UNLESS |
|
Definition
| TRIGGERED (GETS TO HIT PRICE). IF TRIGGERED DOES NOT GUARANTEE PRICE |
|
|
Term
| SEC ACT 1934 REQUIRES PUBLIC ISSUERS TO FILE |
|
Definition
| ANNUAL AND QUARTERLY REPORTS |
|
|
Term
| UNAFFLIATED ISSUER IS PERMITTED TO SELL STOCK WITHOUT |
|
Definition
| VOLUME RESTRICTIONS HAVING HELD FULLY PAID SHARES FOR 6 MONTHS OR LONGER |
|
|
Term
|
Definition
| THE SUM OF MANAGER AND UNDERWRITER FEE AND SELLING CONCESSION |
|
|
Term
| IN A LONG MARGIN ACCOUNT INVESTOR BORROWS_______. IN A SHORT ACCOUNT HE BORROWS ________. |
|
Definition
|
|
Term
|
Definition
| CAN SELL E SECURITIES 9 MONTHS AFTER END OF DISTRIBUTION |
|
|
Term
|
Definition
| RELATES TO THE OFFERING CIRCULAR. |
|
|
Term
| AGREEMENT OF WRITERS IS ALSO THE |
|
Definition
|
|
Term
| RULE 144A SECURITIES CAN BE SOLD TO QUALIFIED INSTITUTIONAL BUYERS |
|
Definition
|
|
Term
| PROSPECTUS IS AVAILABLE TO ALL PURCHASERS FOR |
|
Definition
| 25 DAYS FOLLOWING EFFECTIVE DATE. 90 DAYS FOR OTC |
|
|
Term
| RULE 144 REGULATES SALE OF |
|
Definition
| CONTROL OF RESTRICTED SECURITIES. ONLY 10% |
|
|
Term
|
Definition
| FINAL MEETING BEFORE END OF 20 DAY COOLING OFF PERIOD |
|
|
Term
| WHAT IS EXEMPT FROM SEC ACT 1933 |
|
Definition
| GOVERNMENT, BANK ISSUES AND NON-PROFIT |
|
|
Term
| REGULATION D - ACCREDITED INVESTORS HAVE |
|
Definition
| 1 MILLION NET WORK (EXCLUDING HOME) AND $200,000, ($300,000 MARRIED COUPLE) ANNUAL INCOME FOR 2 YEARS AND EXPECTED FOR THE NEXT YEAR. |
|
|
Term
|
Definition
| UNDERWRITER BIDS BELOW PUBLIC OFFERING PRICE. |
|
|
Term
|
Definition
| ADVERSEMENT WITH SYNDICATE MANAGERS LISTED IN BOLD, SYNDICATE MEMBERS IN SAMLL. SELLING GROUP MANAGERS ARE NOT INCLUDED. |
|
|
Term
| ACCORDNG TO RULE 144 SECURITIES BECOME REGISTERED |
|
Definition
|
|
Term
| RULE 144 SECURITIES ARE FILED |
|
Definition
| ON OR BEFORE SALE WITH SEC. |
|
|
Term
| RULE 144 SECURITIES CAN BE SOLD |
|
Definition
| 6 MONTHS AFTER FULLY PAID STOCKS HAVE BEEN HELD BUT WITH VOLUME RESTRICTIONS |
|
|
Term
|
Definition
| FINRA FIRMS, FINRA ASSOCIATED PERSONS, FAMILY MEMBERS |
|
|
Term
| RULE 145 - NEED APPROVAL OF STOCK HOLDERS FOR |
|
Definition
| MERGER, CONSOLIDATION, ACQUISITION, TRANSFER OF ASSETS. |
|
|
Term
| FINRA FAIRNESS OF UNDERWRITING HAS |
|
Definition
| COMPENSATION, SIZE, TYPE (FIRM OR BEST EFFORT), TYPE (STOCKS OR BONDS), FORM OF COMPENSATION (STOCKS OR CASH), TOTAL OF ALL COMPENSATION AND RELATIONSHIP DEALER ACTED IN. |
|
|
Term
| SECURITY ACT OF 1933 DEALS WITH |
|
Definition
|
|
Term
| SECURITY ACT OF 1934 DEALS WITH |
|
Definition
| REGULATION OF SECONDARY MARKET. IT CREATED THE SEC |
|
|
Term
| INSURANCE COMPANIES DO NOT REGISTER WITH |
|
Definition
|
|
Term
|
Definition
| UNDERWRITER PURCHASES WHAT IS LEFT OF RIGHTS FROM ISSUER. |
|
|
Term
|
Definition
| INVESTMENT BANKERS WHO PURCHASE STOCKS TO BE RESOLD TO PUBLIC |
|
|
Term
| RULE 144 RESTRICTIONS FOR SELLING AFTER 6 MONTHS |
|
Definition
| 1% OR 4 WEEK PRIOR AVERAGE, WHICH EVER IS GREATER |
|
|
Term
| REGULATION A EXEMPTION IS |
|
Definition
| AN OFFERING OF $5 MILLION OR LESS IN 12 MONTHS |
|
|
Term
| PRINCIPAL FUNCTION OF UNDERWRITER IS TO |
|
Definition
| ADVISE THE ISSUER ABOUT ALTERNATIVES FOR SELLING SECURITIES TO THE PUBLIC |
|
|
Term
|
Definition
| DIFFERENCE BETWEEN THE POP AND THE MONEY THE UNDERWRITER PAYS THE ISSUERS. |
|
|
Term
| PRIVATE STATEMENT IS ALSO CALLED |
|
Definition
| RESTRICTED, LETTER STOCK, LEGEND STOCK |
|
|
Term
|
Definition
| SHORTENED PROSPECTUS DISTRIBUTED WHILE THE FINAL PROSPECTUS IS BEING REVIEWED BY THE SEC |
|
|
Term
|
Definition
| INVESTORS EXPRESS INTEREST TO PURCHASE A NEW SECURITY IF ALL IS WELL, AFTER PRELIMINARY PROSPECTUS IS RELEASED |
|
|
Term
|
Definition
| INTERVAL BETWEEN FILING DATE OF REGISTRATION AND EFFECTIVE DATE, 20 DAYS |
|
|
Term
| STOP ORDER BECOMES MARKET ORDER WHEN |
|
Definition
|
|
Term
|
Definition
| ELECTRONIC COMMUNICATION NETWORK |
|
|
Term
| REGISTRATION STATEMENT REULATIONS |
|
Definition
|
|
Term
| US GOVERNMENT SECURITIES DO NOT ISSUE |
|
Definition
|
|
Term
SYNDICATE LETTER IDENTIFIES_____
AND IS SIGNED BY________ |
|
Definition
RIGHTS AND RESPONSIBILITIES OF PARTIES
MANAGING UNDERWRITERS AND SYNDICATE MEMBERS |
|
|
Term
THE LARGEST COMPONENT OF THE CORPORATE UNDERWRITING SPREAD IS________
THE SMALLEST IS___________ |
|
Definition
|
|
Term
| MAINTENANCE REQUIREMENT FOR A MARGIN ACCOUNT WILL ALWAYS BE EFFECTED IF |
|
Definition
| THE CURRENT MARKET VALUE INCREASES |
|
|
Term
|
Definition
| IS THE LINE OF CREDIT THAT MAY ALWAYS BE WITHDRAWN (EVEN IN A RESTRICTED ACCOUNT) PROVIDED THE WITHDRAWAL DOES NOT BRING THE MAINTENANCE BELOW MINIMUM |
|
|
Term
| HOW TO CALCULATE NUMBER OF OUTSTANDING SHARES |
|
Definition
| ISSUED SHARES - TREASURY SHARES |
|
|
Term
| HOW TO CALCULATE AVERAGE MARKET PRICE |
|
Definition
| SHAREHOLDER TOTAL PRICE / NUMBER OF INVESTMENTS |
|
|
Term
| HOW TO CALCULATE DOLLAR COST AVERAGE |
|
Definition
| TOTAL DOLLARS INVESTED / NUMBER OF SHARES PURCHASED |
|
|
Term
|
Definition
| NAV PER SHARE/ (100%-SALES CHARGE %) |
|
|
Term
| HOW TO CALCULATE SALES CHARGE |
|
Definition
|
|
Term
| HOW TO CALCULATE NAV OF MUTUAL FUND |
|
Definition
| FUND NAV / NUMBER OF OUTSTANDING SHARES |
|
|
Term
|
Definition
|
|
Term
|
Definition
| BOND MARKET VALUE / NUMBER OF SHARES |
|
|
Term
| HOW TO CALCULATE DEBT PER CAPITA |
|
Definition
| OVERALL DEBT / NUMBER OF PEOPLE |
|
|
Term
|
Definition
| 100 BASIS POINTS OR 1 POINTS OR 1% OF BOND VALUE |
|
|
Term
| HOW TO CALCUL1ATE TAX LIABILITY |
|
Definition
| MILL RATE 1/1000 (.001) X ASSESSED PROPERTY VALUE |
|
|
Term
| BOND BUYER IS FOR HOW MANY DAYS |
|
Definition
|
|
Term
| A SPECIAL BOND TAX IS BACKED BY |
|
Definition
| ONE OR MORE DESIGNATED TAXES (SALES, CIGARETTE, ALCOHOL, FUEL) NOT PROPERTY TAXES |
|
|
Term
| WHEN DOING OPTIONS THE INVESTOR CREATES A SPREAD WHEN |
|
Definition
| BUYING A CALL OR PUT AND SELLING A CALL OR PUT ON THE SAME POSITION. THE STRIKE AND/OR THE EXPIRATION ARE DIFFERENT. |
|
|
Term
| BREAKEVEN POINTS FOR CALL SPREAD |
|
Definition
HIGHER STRIKE PRICE + ADJUSTED PREMIUM PRICE
ADJUSTED PREMIUM - HIGHER PREMIUM - LOWER PREMIUM |
|
|
Term
A CALL BUYER IS____________
A CALL WRITER IS____________ |
|
Definition
|
|
Term
THE HOLDER OF A CALL WILL _____ AT _____
THE HOLDER OF A PUT WILL_______AT_______ |
|
Definition
BUY AT STRIKE
SELL AT STRIKE |
|
|
Term
THE HOLDER OF A CALL WILL LET OPTION EXPIRE IF______________
THE HOLDER OF A PUT WILL ALLOW OPTION TO EXPIRE IF_________________ |
|
Definition
THE MP IS EQUAL TO OR LESS THAN STRIKE
THE MP IS IS EQUAL TO OR HIGHER THAN STRIKE |
|
|
Term
| HOW TO CALCULATE TAX FREE EQUIVALENT YIELD |
|
Definition
| CORPORATE RATE X (100% - TAX BRACKET) X .01 |
|
|
Term
| HOW TO CALCULATE TAX EQUIVALENT YIELD |
|
Definition
| MUNICIPAL RATE / (100% - TAX BRACKET) |
|
|
Term
| IN A RISING MARKET THE GREATEST RISK AN INVESTOR CAN TAKE IS |
|
Definition
|
|
Term
LONG CALLS HAVE UNLIMITED_______
SHORT CALLS HAVE UNLIMITED________ |
|
Definition
|
|
Term
| IT IT DOES NOT HAVE A PUT OR CALL |
|
Definition
| IT IS NOT AN OPTIONS TRADING |
|
|
Term
| WHO WILL ALWAYS RECEIVE THE PREMIUM OF THE OPTION |
|
Definition
|
|
Term
| WHO WILL ALWAYS PAY THE PREMIUM OF THE OPTION |
|
Definition
|
|
Term
|
Definition
| UNDERWRITING AND TRADING OF BONDS. DOES NOT GOVERN ISSUERS |
|
|
Term
| REPURCHASED AGREEMENT ARE USED BY FINANCIAL INSTITUTIONS TO RAISE |
|
Definition
| CASH FOR SHORT PERIODS OF TIME (OVERNIGHT). THE REPO RATE IS LOWER THAN BANK RATES |
|
|
Term
|
Definition
| BUYING A CALL AND A PUT WITH THE SAME UNDERLYING STOCK, SAME STRIKE SAME EXPIRATION MONTH. EXPECTING VOLATILITY |
|
|
Term
|
Definition
| SELLING A CALL AND A PUT WITH SAME STOCK, STRIKE AND EXPIRATION. LOOKING FOR STABILITY (NEUTRAL POSITION) |
|
|
Term
|
Definition
BUY, HOLD, OWNS LONGS
SELLS WRITES SHORTS EXERCISES. CLUES TO PUT THINGS IN T CHART |
|
|
Term
| LONG COMBINATION STRADDLE |
|
Definition
| BUYING A CALL AND A PUT WITH A DIFFERENT STRIKE OR EXPIRATION |
|
|
Term
|
Definition
| WHEN AN INVESTOR BUYS OUT OF A PREVIOUS OPTION THAT WAS SOLD. |
|
|
Term
|
Definition
| WHEN A INVESTOR SELLS OUT OF PREVIOUS OPTION THAT SHE PURCHASED. |
|
|
Term
| WHAT REGULATES DEBT SECURITIES |
|
Definition
| TRUST INDENTURE ACT OF 1940 |
|
|
Term
| PENNY STOCK IS DEFINED AS |
|
Definition
| UNLISTED, NON NASDAQ SECURITY TRADING LESS THAN $5 |
|
|
Term
| TRUST INDENTURE ACT OF 1939 APPLIES TO |
|
Definition
| NON EXEMPT DEBT SECURITIES, INTERSTATE OFFERINGS, OVER 5 MILLION DOLLARS |
|
|
Term
SECURITY ACTS OF 1933 AND 1934 ARE
STATE OR FEDERAL LAWS? |
|
Definition
|
|
Term
| BLUE SKY LAWS ARE STATE OR FEDERAL LAWS |
|
Definition
|
|
Term
| SIPC COVERS _____________but not_______ |
|
Definition
accounts, holdings, securities
commodoties |
|
|
Term
| MALONEY ACT 1938 AMENDED WHAT ACT |
|
Definition
|
|
Term
| MALONEY ACT OF 1938 CREATED |
|
Definition
| SRO (DEA) FOR MONITORING BROKER DEALERS NOT AFFLIATED WITH STOCK EXCHANGE |
|
|
Term
|
Definition
|
|
Term
| KEY WORDS TO IDENTIFY ACT OF 1934 |
|
Definition
| SECONDARY MARKET, OUTSTANDING SECURITIES, TRADING ACTIVITIES. KNOW AS THE PEOPLE ACT. |
|
|
Term
| EXCHANGE ACT OF 1934 REGULATES, REQUIRES AND PROHITBITES |
|
Definition
| SECURITY EXCHANGES AND OTC, REGISTRATION OF BROKER/DEALERS, INEQUITABLE AND UNFAIR PRACTICES |
|
|
Term
| WHAT ACT MANDATES ANNUAL ISSUE REPORTS |
|
Definition
|
|
Term
SIPC CUSTOMER MAXIMUM CASH COVERAGE____
NOT TO EXCEED______ PER SEPARATE ACCOUNT |
|
Definition
|
|
Term
| CLIENT BECOMES A GENERAL CREDITOR IF |
|
Definition
| MONEY IS NOT COVERED BY SIPC IN BROKER/DEAL BANKRUPTCY |
|
|
Term
|
Definition
| NON-PUBLIC INFORMATION ABOUT COMPANY THAT WOULD INFLUENCE COMPANY STOCK |
|
|
Term
| SEC AMENDMENT ACT OF 1975 |
|
Definition
| MRSB REGULATES ISSUANCE AND TRADING OF MUNICIPAL SECURITIES |
|
|
Term
| IN CASE OF DEFAULT VALUATION DATE IS USUALLY |
|
Definition
| SAME DAY THE CUSTOMER PROTECTION PROCEEDINGS BEGAN; SAME TIME THE COURT IS PETITIONED TO APPOINT A TRUSTEE |
|
|
Term
| INVESTOR PROTECTION ACT OF 1970 PROTECTS INVESTOR FROM |
|
Definition
| BROKER/DEALER FAILURE OR INSOLVENCY. |
|
|
Term
|
Definition
|
|
Term
| BROKER/DEALER MUST REGISTER WITH_____AND BE A MEMBER OF_______ EXCEPT______ |
|
Definition
SEC
SIPC
IF ONLY HANDLING MUTUAL FUNDS, UNIT TRUSTS, VARIABLE ANNUITIES OR INSURANCE |
|
|
Term
| WHO MUST REGISTER UNDER THE INVESTMENT ACT OF 1940 |
|
Definition
| ANYONE WHO AS PART OF THEIR BUSINESS GIVES INVESTMENT ADVICE |
|
|
Term
| NAME 3 CLASSIFICATIONS OF INVESTMENT COMPANIES |
|
Definition
FAC - FACE AMOUNT CERTIFICATES
UIT- UNIT INVESTMENT TRUST
MANAGEMENT COMPANIES |
|
|
Term
|
Definition
| A SERIES OF PROMISES BETWEEN ISSUE AND TRUSTEE FOR BOND HOLDERS BENEFIT |
|
|
Term
| TRUST INDENTURE ACT OF 1939 APPLIES TO |
|
Definition
| CORPORATE BONDS SIZE GREATER THAN 5 MILLION WITHIN 12 MONTHS WITH MATURITY OF 9 MONTHS OR MORE. |
|
|
Term
| A TRUSTEE FOR INDENTURE MUST BE APPOINTED TO |
|
Definition
| INSURE COVENANTS BETWEEN ISSUER AND TRUSTEE ARE CARRIED OUT. ACTS SOLELY FOR BONDHOLDER |
|
|
Term
|
Definition
|
|
Term
|
Definition
|
|
Term
|
Definition
| THE USE OF TRANSFERS THROUGH SEVERAL LEGAL AND GOVERNMENTAL JURISDICTIONS TO TRY TO HIDE MONEY. |
|
|
Term
| MONEY IS MOST SUSCEPTIBLE TO DEDECTION AT |
|
Definition
|
|
Term
| A REGISTERED REPRESENTATIVE MAY NOT |
|
Definition
| ACT ON INFORMATION RECEIVED FROM A CORPORATE INSIDER BEFORE THE INFORMATION IS MADE PUBLIC. |
|
|
Term
| ESTABLISHED CUSTOMERS MUST RECEIVE______ REGARDING PENNY STOCKS |
|
Definition
|
|
Term
|
Definition
| ONLY CUSTOMERS WITH LONG POSITIONS. CAN NOT BORROW STOCK TO TENDER |
|
|
Term
| SAR (SUSPECIOUS ACTIVITY REPORT) IS FILED WITH________WHEN_________ |
|
Definition
| FinCEN ( A UNIT OF THE U.S. TREASURY) WHEN A TRANSACTION OR A PATTERN OF TRANSACTIONS IS SUSPICIOUS AND POSSIBLE INDICATION OF MONEY LAUNDERING |
|
|
Term
| FORM 112 IS FILED____________WHEN________ |
|
Definition
| WITH FinCEN FOR ANY CASH DEPOSIT ON A SINGLE DAY OF MORE THAN 10,000 |
|
|
Term
| TIPPER AND THE TIPEE ARE IN VIOLATION OF_____IF THEY________ |
|
Definition
| INSIDER TRADING RULES IF THEY ACT UPON INSIDE TIPS OR INFORMATION THAT IS NOT PUBLIC |
|
|
Term
| A BROKER/DEALER THAT RECEIVES COMPENSATION FOR PROVIDING INVESTMENT ADVICE (SEPARATE FROM ANY COMMISSIONS, MARK UPS/DOWNS MUST |
|
Definition
| REGISTER AS AN INVESTMENT ADVISOR UNDER SEC ACTS 1934 AND 1940 |
|
|
Term
| PUBLICLY TRADED ISSUERS REPORT_________TO______HOW OFTEN______ON WHAT FORM________AND HOW OFTEN_____ON WHAT FORM__________ |
|
Definition
FINANCIAL STATUS
ANNUALLY
FORM 10K
QUARTERLY
FORM 10Q |
|
|
Term
| UNDER PENNY STOCK RULES INVESTORS ARE ESTABLISHED CUSTOMERS IF |
|
Definition
| THEY DEPOSIT FUNDS OR SECURITIES IN AN ACCOUNT FOR AT LEAST 1 YEAR PRIOR TO PENNY STOCK TRANSACTION OR HAVE PURCHASED AT LEAST 3 DIFFERENT PENNY STOCKS FROM THE SAME BROKER |
|
|
Term
| CONTEMPORANEOUS TRADERS ACCORDING TO THE SEC FRAUD ENFORCEMENT ACT OF 1988 ARE |
|
Definition
| CORPORATE OUTSIDERS WHO MAKE TRADES AT ABOUT THE SAME TIME AS INSIDERS. THEY ARE GRANTED THE RIGHT TO SUE INSIDE TRADERS FOR DAMAGES SUSTAINED. |
|
|
Term
| FIDELITY BOND IS AN_________________THAT PROTECTS_________________ |
|
Definition
INSURANCE BOND
BROKER/DEALERS FROM LOSSES DUE TO THEFT OR EMBEZZLEMENT BY EMPLOYEES |
|
|
Term
| RUMORS CONCERNING NYSE LISTED ISSUERS MUST BE |
|
Definition
| REPORTED TO THE EXCHANGE THROUGH THE BRANCH MANAGER |
|
|
Term
| PENNY STOCK DISCLOSURE STATEMENT INCLUDES |
|
Definition
INVESTOR'S LEGAL RIGHTS
DEFINITION OF PENNY STOCK
RISKS
BROKER/DEALER'S RESPONSIBILITIES TO INVESTOR |
|
|
Term
|
Definition
| UNLISTED, -NASDAQ STOCK LESS THAN $5 |
|
|
Term
| SIPC PROVIDES COVERAGE ON |
|
Definition
| PER CUSTOMER BASIS WITH MAXIMUM COVERAGE OF $500,000, BUT ONLY $250,000 CAN BE CASH |
|
|
Term
| THE THREE DISTINCT PHASES OF MONEY LAUNDERING ARE |
|
Definition
| PLACEMENT, LAYERING, INTEGRATION |
|
|
Term
| CIVIL PENALTIES FOR VIOLATION OF SEC FRAUD ACT OF 1988 ARE |
|
Definition
| GREATER OF 5 MILLION OR 300% OF THE PROFITS MADE OR LOSSES AVOIDED. CRIMINAL PENALTIES CARRY A JAIL TERM |
|
|
Term
| TRAINING REGARDING MONEY LAUNDERING ACCORDING TO FINRA MUST BE |
|
Definition
|
|
Term
| SOX ACT OF 2002 WAS ENACTED TO |
|
Definition
| ENHANCE STANDARDS FOR ALL U.S. PUBLIC COMPANY BOARD OF DIRECTORS, MANAGEMENT AND PUBLIC ACCOUNTING FIRMS |
|
|
Term
| STATE SECURITIES LAWS (BLUE SKY LAWS) ADDRESS |
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Definition
| REGISTRATION OF SECURITIES, BROKER/DEALERS AND REGISTER REPRESENTATIVES AT THE STATE LEVEL. |
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Term
| CUSTOMER CLAIMS ARE FILED WITH |
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| SEC ACT OF 1988 REQUIRES FIRMS TO CREATE INFORMATION BARRIERS BETWEEN DEPARTMENTS SO THAT SENSITIVE INFORMATION DOES NOT FLOW BETWEEN DEPARTMENTS. |
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| A CORPORATION'S CONTROL PERSON MUST REPORT |
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Definition
| CHANGES IN HOLDINGS OF SECURITIES OF THEIR OWN COMPANY. |
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Term
| ANOTHER CORPORATION TENDERING FOR THE COMPANY'S SHARES WOULD TEND T |
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Term
| COLD CALLERS CAN BE COMPENSATED |
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Definition
| HOURLY RATE PLUS OVERTIME |
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Term
| PRICING RULE OF NMS NATIONAL MARKETING SYSTEM, STOCKS PRICED BELOW_____TRADE IN SUB PENNIES PRICES. AN ORDER PRICE MUST REFLECT PRICE INCREMENTS BELOW____ |
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Term
| BID IS WHAT KIND OF TICKET |
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| ANNUAL COMPLIANCE REVIEWS CAN BE DONE |
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Definition
| INDIVIDUALLY OR IN GROUPS, IN PERSON OR BY WEBCAST, MAY BE LIVE OR RECORDED AND MUST BE ABLE TO HAVE QUESTIONS ANSWERED LIVE, ELECTRONICALLY OR TOLD WHERE THEY CAN SEND QUESTIONS TO BE ANSWERED. |
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| IF INDIVIDUAL FAILS FINRA EXAM 3 TIMES HE MUST WAIT____BEFORE TAKING THE 4TH EXAM |
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Term
| CODE OF ARBITRATION PROCEDURE WOULD BE MANDATORY TO SETTLED BETWEEN |
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Definition
| ANYONE IN THE INDUSTRY, INCLUDING CLEARING CORPS, WITH THE EXCEPTION OF STATUTORY DISCRIMINATION CLAIMS. |
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Term
| IF A CLIENT HAS SIGNED A PREDISPUTE ARBITRATION AGREEMENT |
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Term
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Term
| IF MEDIATION IS NOT SUCCESSFUL IT MOVES TO |
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Definition
| ARBITRATION. THERE MUST BE A DIFFERENT ARBITRATOR. |
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Term
| COMPENSATION MAY NEVER BE TIED TO |
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Definition
| SPECIFIC INVESTMENT BANKING TRANSACTION BECAUSE THE CONFLICT OF INTEREST IS SEVERE. |
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Term
| COMPENSATION CAN BE TIED TO |
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Definition
| THE FIRM'S OVERALL INVESTMENT BANKING REVENUE, BUT MUST BE DISCLOSED IN RESEARCH REPORTS. |
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Term
| IN DISPUTES INVOLVING A CUSTOMER FOR AMOUNTS GREATER THAN $100,000 |
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Definition
| THREE ARBITRATORS WILL BE USED UNLESS BOTH PARTIES AGREE TO ONE. THE CUSTOMER CAN REQUEST THE THREE ARE FROM THE PUBLIC SECTOR. |
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Term
| FICTIONAL NAME OR DBA NAME MUST BE FILED WITH |
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Definition
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Term
| WHEN IT COMES TO DISCIPLINARY ACTION OF A REGISTERED REPRESENTATIVE WHO CAN DISCIPLINE AND WHAT CAN THEY DO |
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Definition
THE EXCHANGE
CENSOR, FINE, EXPEL BUT CAN NOT IMPOSE JAIL SENTENCE |
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Term
| RR MAY APPEAL DECISIONS OF DOE (DEPARTMENT OF ENFORCEMENT) TO |
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Definition
| FINRA'S NATIONAL ADJUDICATORY COUNCIL. APPEALS THEN GO TO SEC AND FINALLY THE FEDERAL APPELLATE COURT SYSTEM |
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Term
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Definition
CALLER'S NAME
NAME OF MEMBER FIRM
ADDRESS AT WHICH THE CALLER MAY BE CONTACTED
PURPOSE OF CALL |
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Term
| FINRA REQUIRES RECORDS OF WRITTEN COMPLAINT BE KEPT ON FILE FOR |
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Definition
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Term
| IF CONVICTED OF FRAUD PERSON MUST WAIT |
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Definition
| 10 YEARS FROM CONVICTION DATE |
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Term
| RECORDS OF ADVERTISING AND SALES LITERATURE, INCLUDING SPEAKING ENGAGEMENTS, MUST BE RETAINED FOR |
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Definition
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Term
| DURING PERIOD OF SUSPENSION, A SUSPENDED MEMBER IS ESSENTIALLY A |
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Definition
| NON MEMBER AND THUS MAY BUY NEW ISSUES TO THE SUSPENDED FOR PUBLIC OFFERING PRICE |
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Term
| RESEARCH ANALYST CONFLICT OF INTEREST RULES ARE MANDATED BY |
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Definition
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Term
| INQUIRIES REGARDING DISCIPLINARY ACTIONS OF REGISTERED REPRESENTATIVES CAN BE MADE TO |
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Definition
| CENTRAL REGISTRATION DEPOSITORY CRD |
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Term
| MAXIMUM FINE FOR MINOR RULE VIOLATION (MRV) IS |
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Definition
| $2500 ACCORDING TO THE CODE OF PROCEDURE |
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Term
| FINRA FEES ARE DETERMINED BY |
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Definition
NUMBER OF REGISTERED REPS., PRINCIPALS AND BRANCH OFFICES REGISTERED WITH FINRA.
BASED ON ANNUAL REVENUE FROM OTC SECURITY TRANSACTIONS |
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Term
| THERE IS NO REQUIREMENT TO MENTION FINRA MEMBERSHIP OR OTHER SRO ON WEBSITE. BUT IF THE WEBSITE DOES MENTION IT MUST |
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Definition
| INCLUDE A HYPERLINK AND BE MORE PROMINENT THAT FIRM'S LOGO. IT CAN NEVER LOOK LIKE FINRA APPROVES THE FIRM |
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Term
| FINRA RULES ON CORRESPONDANCE APPLY TO |
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Definition
| ALL FORMS OF INCOMING AND OUTGOING CORRESPONDENCE WITH CUSTOMERS. |
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Term
| RESIGNED REGISTER REPRESENTATIVE MAY RE ENTER THE INDUSTRY WITHOUT PASSING AN EXAM IF LESS THAN____ |
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Term
| CONTINUING COMMISSIONS CAN BE PAID TO RETIRED REP. IF |
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Definition
| WRITTEN AGREEMENT EXISTS AND PAYOUT IS BASED ON BUSINESS GENERATED WHILE EMPLOYED |
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Term
| FINRA MEMBER MUST BE FINGERPRINTED IF |
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Definition
| HE IS A PERSON INVOLVED IN HANDLING CUSTOMER FUNDS OR SECURITIES, INCLUDING EMPLOYEES OF TRANSFER AGENTS. MERE PROCESSING DOES NOT. |
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Term
| PRIOR APPROVAL OF THE EXCHANGE IS REQUIRED WHEN |
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Definition
| OPENING AN OFFICE, INCLUDING PRIVATE RESIDENCE AND MAY BE ADVERTISED. |
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Term
| INVESTMENT COMPANIES ARE REQUIRED TO FILE SALES LITERATURE WITH |
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Definition
| FINRA ADVERTISING DEPARMENT WITHIN 10 DAYS OF FIRST USE. |
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Term
| IF EMPLOYEE OF FIRM OPENS AN ACCOUNT WITH ANOTHER FIRM UNDER NYSE RULES |
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Definition
| EMPLOYING MEMBER MUST BE NOTIFIED IN WRITING AND MUST PROVIDE WRITTEN CONSENT. EMPLOYEE MEMBER RECEIVES DUPLICATE STATEMENTS AND CONFIRMATIONS |
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Term
| UPON RECEIVING A CUSTOMER REQUEST FOR A COPY FOR A COPY OF SIGNED PREDISPUTE ARBITRATION AGREEMENT THE MEMBER HAS |
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Definition
| 10 BUSINESS DAYS TO SUPPLY IT |
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Term
| RULINGS UNDER THE CODE OF ARBITRATION ARE |
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Definition
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Term
| ADVERTISING IS AIMED AT________THROUGH_________SALES LITERATURE IS GIVEN OR MAILED TO________ |
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Definition
GENERAL PUBLIC THROUGH MEDIA
SPECIFIC SET OF RECEPIENTS |
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