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16 Cards in this Set
- Front
- Back
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Pink sheets
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Quotes puclished daily on low priced OTC EQUITY sec
-always subject quotes |
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Penny stocks
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AKA designated sec or non NASDAQ sec
-Sec w a mkt price less than $5 -RR must disclose bid and ask price and the compensation paid to both the RR and the firm BEFORE client buys |
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Penny stock disclosure rules
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Used when recommending to NEW customers
-Determine suitability -Sen a copy of suitability determination -Receive a signed copy of suitabilty from client PRIOR TO EXECUTING ORDER |
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Exemptions from the Penny stock disclosure
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1.trans w institutional accredited investors
2.Transactions w Reg D 3.Trans w client that owns more than 5% of stock in the company 4.An established customer if it is NON solicited |
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OTC Bulletin board
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-Shows quotes for low priced securities
-Displays real time quotes, last sale prices and volume info |
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NASDAQ capital mkt
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Small cap sec
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NASDAQ Global mkt
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Lg cap sec
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NASDAQ global select mkts
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Lg cap sec that adher to the most stringent listing standards
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NASDAQ reporting
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1.Subject to real time reporting within 30 seconds of execution by the SELLER for ALL transactions
2.Last sale prices are displayed |
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Information provided to the media by NASDAQ
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1.Reflects inter dealer quotes
2.High and low prices 3.Reflects subject prices(not firm) 4.Reflects the inside mkt |
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Stock of a corporation traded on NASDAQ may be suspended from trading:
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1.at the request of the corp
2.pendind an announcement 3.IF the NW of the company declines below a certain level *Would NOT be suspended if the company issues NON-VOTING C/S |
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Level 1 NASDAQ quotes`
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-Used by RRs
-Gives inside quote(highest bid and lowest ask) -Subject quotes -Available to the public |
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Level 2 NASDAQ quotes
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-Used by OTC traders
-Gives quote of each of the MM -FIRM quote good for 100 shares |
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Level 3 NASDAQ quotes
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-Used by MM
-Allows MM to change bid and ask quotations and sized for which they have been authorized -Firm quote good for 100 shares |
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To be quoted on NASDAQ a security must
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1) have at least 2 minimum MM
2)have a min # of stockholders 3)have a min # of o/s shares |
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T or F
There is no waiting period for a security to trade on NASDAQ once its registration becomes effective |
T
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