SIE Exam Review 2 Flashcards
1
Q
who sets the ex date
A
the board of directors
2
Q
so qualified plans need irs approval?
A
yes
3
Q
when buying mutual fund shares when is the ex date?
A
the day after the record date
4
Q
what is the uniform securities act?
A
a template for state securities laws in the united states
5
Q
true or false currency risk has elements of both systematic and nonsystematic risk
A
true
6
Q
what is the list of prohibited organizations and individuals called?
A
speciality designated nationals list
7
Q
are 529 plans federally tax deductible?
A
contributions are not federally tax deductible.
8
Q
if a BD charges a commission for service provided the firm is acting as an ?
A
Agent
