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FIN-375 > SIE Final > Flashcards

SIE Final Flashcards

1
Q

Rights

A

Short-term and exercisable below current market price

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2
Q

Warrants

A

Long-term and exercisable above current market price

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3
Q

ADRs

A

Foreign securities traded in U.S market

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4
Q

Statutory Voting

A

Allows one vote per share

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5
Q

Cumulative Voting

A

Voter is allowed to place as many votes on each voted on topic as they wish

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6
Q

Rule 144 Volume Limitation

A

The amount of securities that can be sold in any three-month period for listed companies is limited to the greater of one percent of the shares or other units of that class outstanding, or the average weekly trading volume during the four calendar weeks preceding the filing of a Form 144

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7
Q

What Ginnie Mae has that other agencies don’t

A

Full faith and credit of the U.S. government

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8
Q

What General Obligation Bonds Are Backed By

A

Taxing authority

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9
Q

What revenue bonds are backed by

A

User fees

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10
Q

What bankers acceptances are used for

A

Facilitating foreign trade

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11
Q

Commercial Paper

A

Large unsecured borrowing by corporations

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12
Q

2 instruments with 270 day max maturity

A

Banker’s acceptances, commercial paper

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13
Q

What coupon value is also called

A

Nominal yield, fixed rate of return

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14
Q

What is relationship between price and interest rate

A

Inverse

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15
Q

When can you exercise stock American style

A

Anytime

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16
Q

When can you exercise stock European style

A

Upon expiration

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17
Q

Options Disclosure Document

A

Informs one of all the risks before account approval, must be returned within 15 days

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18
Q

What do closed-end funds traded based off of

A

Supply and demand in secondary market

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19
Q

What do open-end funds do

A

Continually offer new shares to the public

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20
Q

Variable annuity

A

Supplemental income to retirement

21
Q

What 12b-1 fees cannot exceed

A

.75% basis points

22
Q

How often NAV is calculated

A

Every day

23
Q

Main characteristic of right of acccumulaton

A

No breakpoint on initial investment

24
Q

How long letter of intent is good fo

A

13 months

25
Q

No breakpoints for investment clubs

A
26
Q

Maximum sales charge of a mutual fund

A

8.5%

27
Q

Characteristics of Coverdells

A

Allow savings for K-12, income limits, funds must be used by age 30

28
Q

Characteristics of 529 Plans

A

Just for college, no income limit, no age requirement for transfer

29
Q

Main Con of Partnerships

A

Illiquid

30
Q

REIT

A

Publicly traded investment product that passes income but not losses through to investors

31
Q

Qualifications of a REIT

A

75% of income and assets in real estate, 90% of income is put through to shareholders

32
Q

Equity REIT

A

Income-producing real estate such as rents, etc.

33
Q

ETN

A

Debt instrument (put 100,000 in, might get a huge gain, or risk that creditor can’t pay

34
Q

Cost basis of inherited mutual fund

A

NAV of shares when owner dies

35
Q

Action that violated rules regarding selling away

A

Engaging in private securities transactions without permission

36
Q

Willing to buy and sell at all times

A

Market maker

37
Q

Direct Participation Program

A

Pooled entity that offers investors access to a business venture’s cash flow and tax benefits

38
Q

UTMA Account

A

Custodial account

39
Q

Potential outcome of covered call

A

Limited profit and limited loss

40
Q

Function of Regulation T

A

Control margin requirements for stocks

41
Q

Required BD action in anti money-laundering program

A

Designating compliance officer

42
Q

Syndicate Desk

A

Team of individuals who research, market, and price larger deals on the sell-side, particularly stocks of companies

43
Q

Transaction that covers a position by purchasing an option

A

Closing purchase

44
Q

Agent

A

Broker-dealer that charges a commission

45
Q

Act FinCEN enforces

A

Bank Secrecy Act

46
Q

Greatest risk in variable life insurance policy

A

Market risk

47
Q

When interest on Treasury notes is paid

A

Semi-annually

48
Q

A firm repurchasing shares at no less than original sales price is being

A

Manipulative

49
Q

Blue-sky laws

A

State-level, anti-fraud regulations that require issuers of securities to be registered and to disclose details of their offerings

FIN-375 (22 decks)

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