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6 Cards in this Set
- Front
- Back
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The SIPC provides coverage for each customer up to a maximum of:
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$500,000 of which no more than $100,000 may be for cash losses
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Net Equity:
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the long market value minus the debit balance
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A broker-dealer must give a description of its policies regarding client privacy to:
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All customers at the time that they first establish a relationship with the firm
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A broker-dealer must provide its clients with an updated privacy notice at least:
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Once a year
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A broker-dealer only needs to give a privacy notice to a consumer if it:
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shares nonpublic client info with nonaffiliated 3rd parties
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A broker-dealer's privacy notice must state all of the following:
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The kind of personal info that the firm collects, the fact that clients may opt out of having their info shared with others, types of 3rd parties to which the firm may disclose info
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