Bubba’s margin account has $2,000 of SMA. If he buys $10,000 of new securities, how much additional cash must he deposit assuming a Reg T requirement of 50%?
In June, Bubba bought 100 shares of XYZ at $35. In November, he bought a listed put in XYZ with a $35 strike price and a July expiration for a premium of $600.
If the option expires without being exercised, how is the premium expense treated by Bubba?
A financial institution requesting a quote on a block of 100 bonds from a dealer in government securities receives a quote of 98.02 bid, 98.06 asked.
What is the dollar amount the institution will receive if the financial institution sells these bonds to the dealer?’’
In the sale of open-end investment company shares, the amount at which the sales charge is reduced on quantity transactions is referred to as the:
What is the maximum amount of gift to customers or other individuals related to the securities business that a registered representative is permitted to give?
A management group may serve an investment company as its:
Upon opening a new account for a customer, a registered representative should:
Which of the following pairs of terms are synonyms in connection with most mutual funds?
Bubba buys an OTC stock from a firm that is a market -maker in the stock.
What may be said about the price he pays?
A market-maker has purchased a particular stock over a period of time for prices as high as $9 per share and as low as $3 per share. The average cost is approximately $6 per share. The current NASDAQ quote for the stock is 5 to 5.25. According to the FINRA Conduct Rules, the dealer’s offering price to the public should be based upon:
