Conduct and Practices Handbook Course (CPH) Quiz 31

In the FINRA Rule 4150 (Guarantees by, or Flow-through Benefits for, Members), The written notice shall be given to FINRA at least 10 business days prior whenever any member guarantees, endorses or assumes, directly or indirectly, the obligations or liabilities with another person.

In the FINRA Rule 4150 (Guarantees by, or Flow-through Benefits for, Members), The prior written notice shall be given to FINRA at least 10 business days prior whenever any member guarantees, endorses or assumes, directly or indirectly, the obligations or liabilities with another person.

In the FINRA Rule 4150 (Guarantees by, or Flow-through Benefits for, Members), A member may at any time be required to provide FINRA with information with respect to the arrangement, relationship and dealings with a person related to member’s guarantees endorse or assumes, directly or indirectly, the obligations or liabilities of another person.

In the FINRA Rule 4150 (Guarantees by, or Flow-through Benefits for, Members), within 30 days of August 1, 2011, each member shall advise FINRA, in writing, of any guarantees, endorsements, assumptions of obligations/liabilities, or flow through capital benefits, in effect as of August 1, 2011, not having otherwise been reported, in writing, to the appropriate Regulatory Coordinator.

In the FINRA Rule 4521 (Notifications, Questionnaires and Reports), Each carrying or clearing member shall submit to FINRA, or its designated agent, at such times as may be designated, or on an ongoing basis, in such form and within such time period as may be prescribed, such financial and operational information regarding the member or any of its correspondents as FINRA deems essential for the protection of investors and the public interest.

In the FINRA Rule 4521 (Notifications, Questionnaires and Reports), each carrying or clearing member shall notify FINRA in writing, no more than 48 hours after its tentative net capital as computed pursuant to SEA Rule 15c3-1 has declined 20 percent or more from the amount reported in its most recent FOCUS Report or if later, the most recent such notification filed with FINRA.

In the FINRA Rule 4521 (Notifications, Questionnaires and Reports), each carrying or clearing member shall notify FINRA in writing, no more than 48 hours after its tentative net capital as computed pursuant to SEA Rule 15c3-1 has declined 20 percent or more from the amount reported in its most recent FOCUS Report or if later, the most recent such notification filed with FINRA.

In the FINRA Rule 4521 (Notifications, Questionnaires and Reports), each carrying or clearing member shall notify FINRA in writing, no more than 48 hours after its tentative net capital as computed pursuant to SEA Rule 15c3-1 has declined 20 percent or more from the amount reported in its most recent FOCUS Report or if later, the most recent such notification filed with FINRA.

In the FINRA Rule 4521 (Notifications, Questionnaires and Reports), members carrying margin accounts for customers are required to submit, on a settlement date basis, the information related to a total of all debit balances in securities margin accounts as of the last business day of the month. If a member has no information to submit, a report should be filed with a notation thereon to that effect. Reports are due as promptly as possible after the last business day of the month but in no event later than the sixth business day of the following month.

In the FINRA Rule 4521 (Notifications, Questionnaires and Reports), each member carrying margin accounts for customers shall submit reports containing the following customer information:-

(a) Total of all debit balances in securities margin accounts.
(b) Total of all free credit balances in all cash accounts and all securities margin accounts.

In the FINRA Rule 2251 (Processing and Forwarding of Proxy and Other Issuer-Related Materials), A member shall process and forward promptly all information as required by this Rule and applicable SEC rules regarding security to the beneficial owner (or the beneficial owner’s designated investment adviser) if the member carries the account in which the security is held for the beneficial owner and the security is registered in a name other than the name of the beneficial owner.

In the FINRA Rule 2251 (Processing and Forwarding of Proxy and Other Issuer-Related Materials), All annual reports, information statements and other material sent to stockholders that are furnished to the member by the issuer of the securities should be processed and forward by a member in connection with equity security.

In the FINRA Rule 2251 (Processing and Forwarding of Proxy and Other Issuer-Related Materials), the following material information in the form of any communication, document, or collection of documents should be processed and forward by a member in connection with debt security other than municipal security:-

(a) The document was prepared by or on behalf of, the issuer, or was prepared by or on behalf of, the trustee of the specific issue of the security.
(b) The document contains material information about such issues including, but not limited to, notices concerning monetary or technical defaults, financial reports, information statements, and material event notices.

The member holds such stock as executor, administrator, guardian, trustee, or in a similar representative or fiduciary capacity with authority to vote may give the proxy to vote any stock registered in its name.

The Board of Governors for the guidance of members is authorized to establish a suggested rate of reimbursement of members for expenses incurred in connection with processing and transmitting the proxy solicitation to the beneficial owners of the securities pursuant or in processing and transmitting information statements or other material to the beneficial owners of securities pursuant.

For each set of proxy material, i.e., proxy statement, a form of proxy and annual report when processed as a unit, a Processing Unit Fee based on the following schedule according to the number of nominee accounts through which the issuer’s securities are beneficially owned:-

(a) 50 cents for each account up to 10,000 accounts.
(b) 47 cents for each account above 10,000 accounts, up to 100,000 accounts.
(c) 39 cents for each account above 100,000 accounts, up to 300,000 accounts.
(d) 34 cents for each account above 300,000 accounts, up to 500,000 accounts.
(e) 32 cents for each account above 500,000 accounts.

For each set of proxy material, i.e., proxy statement, a form of proxy and annual report when processed as a unit, a Processing Unit Fee based on the following schedule according to the number of nominee accounts through which the issuer’s securities are beneficially owned:-

(a) 50 cents for each account up to 10,000 accounts.
(b) 47 cents for each account above 10,000 accounts, up to 100,000 accounts.
(c) 39 cents for each account above 100,000 accounts, up to 300,000 accounts.
(d) 34 cents for each account above 300,000 accounts, up to 500,000 accounts.
(e) 32 cents for each account above 500,000 accounts.

For each set of proxy material, i.e., proxy statement, a form of proxy and annual report when processed as a unit, a Processing Unit Fee based on the following schedule according to the number of nominee accounts through which the issuer’s securities are beneficially owned:-

(a) 50 cents for each account up to 10,000 accounts.
(b) 47 cents for each account above 10,000 accounts, up to 100,000 accounts.
(c) 39 cents for each account above 100,000 accounts, up to 300,000 accounts.
(d) 34 cents for each account above 300,000 accounts, up to 500,000 accounts.
(e) 32 cents for each account above 500,000 accounts.

For each set of proxy material, i.e., proxy statement, a form of proxy and annual report when processed as a unit, a Processing Unit Fee based on the following schedule according to the number of nominee accounts through which the issuer’s securities are beneficially owned:-

(a) 50 cents for each account up to 10,000 accounts.
(b) 47 cents for each account above 10,000 accounts, up to 100,000 accounts.
(c) 39 cents for each account above 100,000 accounts, up to 300,000 accounts.
(d) 34 cents for each account above 300,000 accounts, up to 500,000 accounts.
(e) 32 cents for each account above 500,000 accounts.

For each set of proxy material, i.e., proxy statement, a form of proxy and annual report when processed as a unit, a Processing Unit Fee based on the following schedule according to the number of nominee accounts through which the issuer’s securities are beneficially owned:-

(a) 50 cents for each account up to 10,000 accounts.
(b) 47 cents for each account above 10,000 accounts, up to 100,000 accounts.
(c) 39 cents for each account above 100,000 accounts, up to 300,000 accounts.
(d) 34 cents for each account above 300,000 accounts, up to 500,000 accounts.
(e) 32 cents for each account above 500,000 accounts.

For each set of proxy material, i.e., proxy statement, a form of proxy and annual report when processed as a unit, a Processing Unit Fee according to the number of nominee accounts through which the issuer’s securities are beneficially owned.

In the FINRA Rule 2251 (Processing and Forwarding of Proxy and Other Issuer-Related Materials), In the case of a meeting for which an opposition proxy has been furnished to security holders, the Processing Unit Fee shall be $1.00 per account.

In the FINRA Rule 2251 (Processing and Forwarding of Proxy and Other Issuer-Related Materials), The supplemental fee for intermediaries is $22.00 for each nominee served by the intermediary that has at least one account beneficially owning shares in the issuer.

In the FINRA Rule 2251 (Processing and Forwarding of Proxy and Other Issuer-Related Materials), An Intermediary Unit Fee for each set of proxy material, based on the following schedule according to the number of nominee accounts through which the issuer’s securities are beneficially owned:-

(a) 14 cents for each account up to 10,000 accounts.
(b) 13 cents for each account above 10,000 accounts, up to 100,000 accounts.
(c) 11 cents for each account above 100,000 accounts, up to 300,000 accounts.
(d) 9 cents for each account above 300,000 accounts, up to 500,000 accounts.
(e) 7 cents for each account above 500,000 accounts.

In the FINRA Rule 2251 (Processing and Forwarding of Proxy and Other Issuer-Related Materials), An Intermediary Unit Fee for each set of proxy material, based on the following schedule according to the number of nominee accounts through which the issuer’s securities are beneficially owned:-

(a) 14 cents for each account up to 10,000 accounts.
(b) 13 cents for each account above 10,000 accounts, up to 100,000 accounts.
(c) 11 cents for each account above 100,000 accounts, up to 300,000 accounts.
(d) 9 cents for each account above 300,000 accounts, up to 500,000 accounts.
(e) 7 cents for each account above 500,000 accounts.

In the FINRA Rule 2251 (Processing and Forwarding of Proxy and Other Issuer-Related Materials), An Intermediary Unit Fee for each set of proxy material, based on the following schedule according to the number of nominee accounts through which the issuer’s securities are beneficially owned:-

(a) 14 cents for each account up to 10,000 accounts.
(b) 13 cents for each account above 10,000 accounts, up to 100,000 accounts.
(c) 11 cents for each account above 100,000 accounts, up to 300,000 accounts.
(d) 9 cents for each account above 300,000 accounts, up to 500,000 accounts.
(e) 7 cents for each account above 500,000 accounts.

In the FINRA Rule 2251 (Processing and Forwarding of Proxy and Other Issuer-Related Materials), An Intermediary Unit Fee for each set of proxy material, based on the following schedule according to the number of nominee accounts through which the issuer’s securities are beneficially owned:-

(a) 14 cents for each account up to 10,000 accounts.
(b) 13 cents for each account above 10,000 accounts, up to 100,000 accounts.
(c) 11 cents for each account above 100,000 accounts, up to 300,000 accounts.
(d) 9 cents for each account above 300,000 accounts, up to 500,000 accounts.
(e) 7 cents for each account above 500,000 accounts.

In the FINRA Rule 2251 (Processing and Forwarding of Proxy and Other Issuer-Related Materials), An Intermediary Unit Fee for each set of proxy material, based on the following schedule according to the number of nominee accounts through which the issuer’s securities are beneficially owned:-

(a) 14 cents for each account up to 10,000 accounts.
(b) 13 cents for each account above 10,000 accounts, up to 100,000 accounts.
(c) 11 cents for each account above 100,000 accounts, up to 300,000 accounts.
(d) 9 cents for each account above 300,000 accounts, up to 500,000 accounts.
(e) 7 cents for each account above 500,000 accounts.

In the FINRA Rule 2251 (Processing and Forwarding of Proxy and Other Issuer-Related Materials), for special meetings, the Intermediary Unit Fee shall be based on the following schedule:-

(a) 19 cents for each account up to 10,000 accounts.
(b) 18 cents for each account above 10,000 accounts, up to 100,000 accounts.
(c) 16 cents for each account above 100,000 accounts, up to 300,000 accounts.
(d) 14 cents for each account above 300,000 accounts, up to 500,000 accounts.
(e) 12 cents for each account above 500,000 accounts.

In the FINRA Rule 2251 (Processing and Forwarding of Proxy and Other Issuer-Related Materials), for special meetings, the Intermediary Unit Fee shall be based on the following schedule:-

(a) 19 cents for each account up to 10,000 accounts.
(b) 18 cents for each account above 10,000 accounts, up to 100,000 accounts.
(c) 16 cents for each account above 100,000 accounts, up to 300,000 accounts.
(d) 14 cents for each account above 300,000 accounts, up to 500,000 accounts.
(e) 12 cents for each account above 500,000 accounts.