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54 Cards in this Set
- Front
- Back
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Written complaints must be |
Filed with the manager |
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Taking custody at the state level |
$500 6+ months in advance |
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Revocable trust |
Controlled by grantor Taxed at grantor rate |
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Agents taking custody of assets |
NO must go directly to Bd |
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What bond sales require a prospectus |
New issue corporate bonds |
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Present value of TIPS |
Real rate of return at the time the bond was issued |
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Accredited employee benefit plans and trusts |
$5million or more AUM |
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Time frame when exercising options |
Regular stock trade, 2 days to deliver |
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Best tax bracket for married couple, both high earners, at least one with large itemized deduction |
Married filing separately |
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Unsecured creditors |
Taxes and unpaid wages |
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Payment for trade not delivered |
Account FROZEN for 90 days |
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Rule of 72 |
72/ yield= years to double investment |
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When must fines be disclosed to customer |
Over $2500 |
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How long does an IAR have to return a check before it has taken custody |
3 BUSINESS days |
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Geometric ROR |
Compounding returns of time horizon |
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Adjusted gross income excludes |
Muni bond |
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When effecting transactions on agency basis |
No inventory Not market maker |
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Can an IAR take a position opposite the customer |
Agreed and disclosed on writing |
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Must maintain physical Possesion of |
Collateral for margin Collateral for derivatives |
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Early phase recovery |
Tech |
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Trading ahead |
Simultaneous orders MM keeps a penny |
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Trading ahead |
Simultaneous orders MM keeps a penny |
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Dividend tax rate |
Capital gains rate |
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Trading ahead |
Simultaneous orders MM keeps a penny |
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Dividend tax rate |
Capital gains rate |
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Sharpe ratio |
Incremental return for each unit of risk |
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Trading ahead |
Simultaneous orders MM keeps a penny |
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Dividend tax rate |
Capital gains rate |
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Sharpe ratio |
Incremental return for each unit of risk |
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Lowest investment grade bond |
BBB |
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Current return on investment |
Annual income/ purchase price |
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What risk do ETNs NOT have |
Reinvestment |
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Last step to open a new account |
First transaction executed |
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Registration of securities is good for |
12 months or Sale is complete |
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S Corp |
Unlimited life Not taxable entities |
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Management company board of directors composition |
40% must be unaffiliated |
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Value investors |
Seek investments undervalued by the market |
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Who sets margin requirements |
Federal reserve board |
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Hedge funds are set up as.. |
Limited partnerships |
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What type of income are royalties from oil and gas programs? |
Passive |
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Where do you find the info to calculate debt equity ratio |
Statement of financial condition |
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Loan value |
% that can be borrowed once bought Compliment of reg T requirement |
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Why sel futures? |
Hedge downside risk |
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Current yield |
Annual interest/ Market price |
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Current yield |
Annual interest/ Market price |
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For 13g |
Acquire more then 5% of a companies shares Intend to remain passive |
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What is discount find analysis used for |
Closed end funds |
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Retention period for trade confirmations and statements |
Trade confirmations- 3 yrs Account statements - 5 yrs |
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What does an exempt reporting advisor file? |
Form ADV |
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Tax form for trust |
1041 |
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Futures |
Specific amount and quality of commodity with specific delivery time and location |
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Unified tax credit applies to |
Gifts and estates |
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Growth companies |
High P/E ration Low dividend payment |
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NASAA brochure rule |
Must be delivered at least 48 hours prior |
