Series 24: Answers

Taken from our Series 24 Online Guide

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Answers

1. Answer: B. Rationale: Listed companies are expected to be well-financed and offer a liquid market for its securities. Number of shares outstanding, board lot shareholders and market makers are three indicators of the latter. The Capital Market is for small cap companies. Blue chip companies represented on Nasdaq’s Global Select must have four market makers.
2. Answer: B. Rationale: The use of Additional MPIDs is considered a privilege by FINRA, not a right. Additional MPIDs can be requested by a FINRA Market Participant after they have received their first MPID (referred to as their “Primary MPID”).
3. Answer: B. Rationale: The inside market represents essentially the best bid and ask available between dealers. Insider trading describes the illicit use of nonpublic information. The market which involves trades between instit

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