61. An attempt by a market maker to earn a profit on the price movements of securities by taking inventory
positions for its own account is called
62. Soft dollars is a term often used in reference to the portion of a fee or commission that is allocated to
63. Securities firms have equity ratios that are lower than those for commercial banks because their balance
sheets contain a larger portion of
64. Program trading involves
65. SEC Rule 415 relates to
66. Legislation designed to improve corporate governance practices, especially as they relate to accounting
practices, is the
67. The U.S.A. Patriot Act requires financial services firms to
68. The Securities Investor Protection Corporation (SIPC) protects investors against losses of up to ____ on
securities firm failures.
69. According to SEC Rule 415,
70. Identify a major reason behind the increase in domestic underwriting activity during the 1990s.
72. Which of the following is NOT a provision of Sarbanes-Oxley Act?
73. Which of the following is a self-regulatory organization involved in the day-to-day regulation of trading
practices?
74. Considering the securities firms and investment banking industries, The National Securities Markets
Improvement Act (NSMIA) of 1996
75. Which of the following 2 firms survived as investment banks following the most recent financial crisis?
76. Which of the following investment banks failed as a result of the most recent financial crisis?
77. Which of the following two investment banks were acquired by financial services holding companies during
the most recent financial crisis?
78. Which of the following two investment banks were granted approval to be chartered as commercial banks
during the most recent financial crisis?
79. As of mid-year 2009, approximately ________ of the industry total brokerage fee income was generated by
firms operating as subsidiaries of commercial bank holding companies.
80. As of mid-year 2009, approximately ________ of the industry total brokerage fee income was generated by
firms operating as subsidiaries of commercial bank holding companies.
81. One of the primary reasons that investment banks were allowed to convert to bank holding companies
during the recent financial crisis was recognition that
82. How much money does TWResearch receive?
83. What is the profit (loss) to the investment banker?
84. If the investment bank can sell the shares for $9.75 per share, how much money does TWResearch receive?
85. If the investment bank can sell the shares for $9.75 per share, what is the profit (loss) to the investment
banker?
86. How much money does TWResearch receive?
87. What is the profit to the investment banker if it is able to sell 8 million shares for $10.50 per share?
88. If the investment bank sells 8 million shares for $9.75 per share, how much money does TWResearch
receive?
89. What is the profit to the investment banker it sells 8 million shares for $9.75 per share?
90. If the investment bank is able to sell all 10 million shares for $12.75 per share, how much money does
TWResearch receive?
91. What is the profit to the investment banker it is able to sell all 10 million shares for $12.75 per share?
92. How much money does NetChoice, Inc. receive?
93. What is the profit (loss) to the investment banker?
94. If the investment bank can sell the shares for $34 per share, how much money does NetChoice, Inc.
receive?
95. If the investment bank can sell the shares for $34 per share, what is the profit (loss) to the investment
banker?
96. How much money does NetChoice, Inc. receive?
97. What is the profit to the investment banker if it is able to sell 4.5 million shares for $31 per share?
98. If the investment bank sells 4.5 million shares for $29 per share, how much money does NetChoice, Inc.
receive?
99. What is the profit to the investment banker it sells 4.5 million shares for $29 per share?
100. If the investment bank is able to sell all 5 million shares for $35, how much money does NetChoice, Inc.
receive?
101. What is the profit to the investment banker all 5 million shares are sold for $35 per share?