1 for specific request mail
SIE STC chapter 1 Questions and Correct Answers |
Latest Update
What is an ECN?
Ans: Electronic Communication Network; any one of several systems
which permit the entry and dissemination of quotes
List some responsibilities of a transfer agent
Ans: Issue and cancel securities, pay dividends and interest, mail
shareholder reports, handle lost or stolen certificates
Assignment Expert
an RRs employer is referref to as?
Guru01 - Stuvia
Ans: An RR's employer is referred to as a Broker-Dealer (BD
The third market is the term used to describe ____ and ____ listed
securities trading ________________
2026
Ans: The third market is the term used to describe NYSE and AMEX
listed securities trading over-the-counter.
©
A _______ is any person that executes ________ transactions in securities
for its own account
Ans: A dealer is any person that executes principal transactions in
securities for its own account.
True or False: A hedge fund is an example of a client that may benefit
from a prime-brokerage arrangement.
Ans: true
QIB stands for
Ans: Qualified Institutional Buyer (QIB)
Explain a prime-brokerage arrangement
, 2 for specific request mail
Ans: A situation in which multiple BDs execute a client's trades and
report them to one independent BD for settlement
What are the Pink Sheets
Ans: A real-time electronic quotation system for OTC equities
Define the term dealer
Ans: A person engaged in the business of buying securities for, and
selling securities from, his own account
List some examples of issuers
Assignment Expert
Ans: Corporations, the U.S. Treasury, foreign governments, states and
Guru01 - Stuvia
other municipalities
The ______________ is where trades of NYSE or AMEX exchange-listed
securities occur in the over-the-counter market
2026
Ans: The third market is where trades of NYSE or AMEX exchange-listed
securities occur in the over-the-counter market
©
Which department of a broker-dealer makes recommendations to
investors?
Ans: sales
Where can you find quotes for stocks not listed on an exchange or
Nasdaq
Ans: The OTCBB and Pink Sheets
True or False: A market maker publishing a firm quote is obligated to
honor the price and the number of shares quoted?
Ans: True
Explain the secondary market
SIE STC chapter 1 Questions and Correct Answers |
Latest Update
What is an ECN?
Ans: Electronic Communication Network; any one of several systems
which permit the entry and dissemination of quotes
List some responsibilities of a transfer agent
Ans: Issue and cancel securities, pay dividends and interest, mail
shareholder reports, handle lost or stolen certificates
Assignment Expert
an RRs employer is referref to as?
Guru01 - Stuvia
Ans: An RR's employer is referred to as a Broker-Dealer (BD
The third market is the term used to describe ____ and ____ listed
securities trading ________________
2026
Ans: The third market is the term used to describe NYSE and AMEX
listed securities trading over-the-counter.
©
A _______ is any person that executes ________ transactions in securities
for its own account
Ans: A dealer is any person that executes principal transactions in
securities for its own account.
True or False: A hedge fund is an example of a client that may benefit
from a prime-brokerage arrangement.
Ans: true
QIB stands for
Ans: Qualified Institutional Buyer (QIB)
Explain a prime-brokerage arrangement
, 2 for specific request mail
Ans: A situation in which multiple BDs execute a client's trades and
report them to one independent BD for settlement
What are the Pink Sheets
Ans: A real-time electronic quotation system for OTC equities
Define the term dealer
Ans: A person engaged in the business of buying securities for, and
selling securities from, his own account
List some examples of issuers
Assignment Expert
Ans: Corporations, the U.S. Treasury, foreign governments, states and
Guru01 - Stuvia
other municipalities
The ______________ is where trades of NYSE or AMEX exchange-listed
securities occur in the over-the-counter market
2026
Ans: The third market is where trades of NYSE or AMEX exchange-listed
securities occur in the over-the-counter market
©
Which department of a broker-dealer makes recommendations to
investors?
Ans: sales
Where can you find quotes for stocks not listed on an exchange or
Nasdaq
Ans: The OTCBB and Pink Sheets
True or False: A market maker publishing a firm quote is obligated to
honor the price and the number of shares quoted?
Ans: True
Explain the secondary market
