Customer Accounts (7) Flashcards by Diane Gutierrez | Brainscape

Q

Min. Maintenance Margin in a short account.

A

30% of market value with equity min. of 2,000 per account.

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Q

Uniform Gifts to Minors Act

A

irrevocable- can’t be taken away.

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Q

Uniform Transfers to Minor

A

allows real estate and artwork.
irrevocable

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Q

Margin (Equity)

A

Long Market Value- Debit Balance= Equity

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Q

Margin (Equity)

A

Credit Balance- Short Market Value= Equity

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Q

Rule 144

A

Sales of control person:
*greater of 1% of outstanding shares OR
* the average weekly trading in the stock over the preceding 4 weeks

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Q

Affiliate

A

Person in a control relationship with an issuer.
Certain family members
- Spouse
- Immediate family members
- Residing in same home

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