Series 24 STC Questions with 100% Correct
Answers
PORTAL Market Correct Answer: facilitates compliance
with Rule 144A and private placements
Simplified Arbitration Correct Answer: heard by ONE
pulbic arbitrator.
just another way to say arbitration between rep and
customer
Sales Literature for Bonds Correct Answer: must be filed
10 days BEFORE use
Collateral in Margin Account Correct Answer: Basically
any security that has been held for more than 30 day.
INCLUDES NEW ISSUES
Mark to Market Correct Answer: adjustment made in the
amount owed form one broker dealer to another.
Non-Cash Compensation Correct Answer: ALLOWED but
must be sure to not favor any particular investment
company product
, Rule 17a-13 Correct Answer: COUNT OF SECURITIES-
QUARTERLY
can be conducted by employees who handle securities
as long as they're supervised by someone who normally
doesn't handle them.
physical count of ALL securities
verification of securities in transit or under its control
compare and record any discrepencies
Rule 10b-10 Correct Answer: Requires confirmations to
be sent to customers by completion of transaction
NOT ALWAYS SETTLEMENT DATE
Promissory Language Correct Answer: FIRM MAY NOT
USE
watch for specific guarantees in questions
SRO Correct Answer: created to promote and enforce
industry regulations and standards
Answers
PORTAL Market Correct Answer: facilitates compliance
with Rule 144A and private placements
Simplified Arbitration Correct Answer: heard by ONE
pulbic arbitrator.
just another way to say arbitration between rep and
customer
Sales Literature for Bonds Correct Answer: must be filed
10 days BEFORE use
Collateral in Margin Account Correct Answer: Basically
any security that has been held for more than 30 day.
INCLUDES NEW ISSUES
Mark to Market Correct Answer: adjustment made in the
amount owed form one broker dealer to another.
Non-Cash Compensation Correct Answer: ALLOWED but
must be sure to not favor any particular investment
company product
, Rule 17a-13 Correct Answer: COUNT OF SECURITIES-
QUARTERLY
can be conducted by employees who handle securities
as long as they're supervised by someone who normally
doesn't handle them.
physical count of ALL securities
verification of securities in transit or under its control
compare and record any discrepencies
Rule 10b-10 Correct Answer: Requires confirmations to
be sent to customers by completion of transaction
NOT ALWAYS SETTLEMENT DATE
Promissory Language Correct Answer: FIRM MAY NOT
USE
watch for specific guarantees in questions
SRO Correct Answer: created to promote and enforce
industry regulations and standards
