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SIE 2nd Edition Securities abbreviations > Modules 8-10 > Flashcards

Modules 8-10 Flashcards

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SIE Exam flashcards
1
Q

ECN

A

Electronic communications network

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2
Q

“flat”

A

Day trader, no open positions

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3
Q

UTMA

A

Uniform Transfer to Minors Act

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4
Q

UGMA

A

Uniform Gift to Minors Act

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5
Q

Custodian

A

UTMA
UGMA
A firm that holds assets in a qualified retirement account such as an IRA

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6
Q

IA

A

Investment advisor

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7
Q

RR

A

Registered representative

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8
Q

SRO

A

Self-regulatory organization

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9
Q

DTCC

A

Depository Trust & Clearing Corporation
A member of the Federal Reserve System

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10
Q

CNS

A

Continuous net settlement system

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11
Q

Market maker

A

A dealer willing to accept the risk of holding a particular security in its own account to facilitate trading in that security

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12
Q

Double-auction markets

A

Both buyers and sellers call out their best bids and offers in an attempt to transact business

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13
Q

DMM

A

Designated market maker.
The dealer on the floor for a specific security.

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14
Q

FT, RFT

A

Floor traders, registered floor traders
Buy and sell for the firm’s accounts, not for customers

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15
Q

SIP

A

Securities information providers

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16
Q

FinCEN

A

Financial Crimes Enforcement Network

17
Q

FDIC

A

Federal Deposit Insurance Corporation

18
Q

SIPA

A

Securities Investor Protection Act of 1970
Created the SIPC
Securities Investor Protection Corporation

18
Q

AML

A

Anti-money laundering

19
Q

SIPC

A

Securities Investors Protection Corporation

20
Q

USA

A

Uniform Securities Act (1956)
Template for states

21
Q

NASAA

A

North American Securities Administrators Association

22
Q

FINRA rules

A

Conduct
Code of Procedure (COP) - rule violations
Department of Enforcement (DOE)
appeal to National Adjudicatory Council (NAC),
then the SEC, then the appellate courts
Uniform Practice Code (UPC) - technical issues
Code of Arbitration (COA) - monetary disputes

SIE 2nd Edition Securities abbreviations (10 decks)

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