General Flashcards
The maximum coverage offered per separate customer under SIPC insurance was set by Congress at
$500,000 for securities and cash combined
FDIC insurance covers a customer at a maximum amount of
$250,000
The hours of operation of the Chicago Board Options Exchange (CBOE) are:
A. 9:30 a.m. to 4:00 p.m. CT
B. 8:00 a.m. to 8:00 p.m. ET
C. 8:30 a.m. to 3:00 p.m. CT
D. 7:00 a.m. to 7:00 p.m. CT
C.
A customer complaint is formally defined as a:
A. Any communication from a customer or a legal representative of a customer regarding misconduct
B. Any written communication from a customer or legal rep of a customer regarding an allegation of a violation of one or more security rules or federal regulations?
C. A written allegation of a violation submitted by a customer
D. None of the above
B.
A written allegation: This is formally known as a complaint
A term used, meaning a thinly traded, closely held, low daily volume stocks, where liquidity is not especially present when compared to NYSE and Nasdaq stocks
Pink sheets
The pinks
Pink quotes
The Securities & Exchange Commission (SEC) was formed as part of:
A. The Securities Act of 1933
B. The Securities & Exchange Act of 1934
C. The New Deal Legislation
D. None of the above
B.
Remember, this act was formalized after the Great depression of 1933 and responds to shoddy investments that were sold to citizens