In the liquidation of a broker/dealer, after the SIPC trustee has distributed all specifically identifiable customer securities, a customer of the broker/dealer has $545,000 market value of fully paid securities being held in street name and $140,000 cash in an account. Which of the following statements regarding SIPC coverage for this customer would be correct? Which of the following best describes the limits of
protection for customers of broker/dealers under SIPC? The best answer is C. After all this, the account will show: Long Market Value - Debit = Equity The best answer is B. Long Market
Value - Debit = Equity % SMA The best answer is A. Credits - Short Market Value = Equity % Credits - Short Market Value = Equity % Which of the following statements are TRUE regarding Transfer on Death (TOD) account registration? A. I and II only The best answer is C. Long Market Value - Debit =
Equity A brokerage firm offers the following 4 products to customers: Flat commission rate of $100 per equity trade that includes the services of a dedicated representative Flat commission rate of $10 per equity trade without a dedicated representative $1,000 per year flat fee-based account that includes unlimited trading without a dedicated representative $5,000 per year flat fee-based account that includes unlimited trading with the services of a dedicated representative The best choice for a sophisticated self-directed customer that needs no guidance, and who trades 10 to 12 times per month, would be the: A. B. C. D. |