Regulation D offerings can be offered to a maximum of 35 unaccredited investors per year. These are private placements and are not offered to the general public.

Changing the dividends and capital gains treatment to cash payouts can help Maria with some income and is the best option of all the ones presented. Selling Class B Mutual Funds may trigger a back end load sales charge which is not good for Maria. Large Caps equities may help her, but we are looking for income. Maria is not a prospect for Municipal bonds as her assets are not adequate for them.

A Joint Tenancy With Rights Of Survivorship (JTWROS) account best fits the needs of this situation because the assets of the deceased will pass to the surviving joint tenant at the time of death. In a Joint Tenancy In Common account the assets of each individual pass to their heirs or estate upon death. There is no mention of this being a business account, so LLC and Partnership accounts do not apply to this situation.

A statutory prospectus is referred to as a final prospectus. A preliminary prospectus is sometimes called a red herring. Blue-sky refers to blue sky laws, and not a prospectus.

Withdrawals from Roth IRAs are non-taxable when the account has been open for at least 5 years and the customer is age 59 ½ or more. This includes contributions and earnings. In Roth IRAs, the contributions are made with after-tax dollars.

Regulation A+ (formerly known as Regulation A) was updated in the JOBS Act. Reg A+ offerings allow capital to be raised from non-accredited investors. Reg D offerings can only raise funds from accredited investors. Reg C does not apply to capital raises.

Selling a strangle allows traders to profit from a market that is in a sideways trend. Since Jon's outlook for ACME is for the price to remain between $47 and $53 for the next month, selling the strangle (selling a call above market price and a put below market price) will allow him to keep the premium received if the stock is between 45 and 55 at the July options expiration.

Long means bought. The break-even price at expiration of buying a call (long call) is the strike price plus the premium paid: 75 + 7.50 = 82.50. Marcus would need the JKL stock price to be at or above $82.50 on expiration day to break-even on this trade.

When companies miss dividend payments to cumulative preferred stock owners, they must pay all dividends in arrears before paying any common stock dividends. XYZ missed $4 in year one and $5 in year two. When a common dividend is announced, they must make up for missed dividends to cumulative preferred shareholders. The dividends paid in year three will be the two years' worth of missed dividends plus the year three dividend of $6.00. (6% of $100 Par Value): $4+$5+$6 = $15.

Corporate bonds are quoted as a percentage of their face value ($1,000). 102.5% of $1000 = $1,025.00.

Annual interest divided by market value = CY (current yield).

The debt to equity ratio compares liabilities of a company to the equity of the shareholders. This ratio is indicative of the company's capital structure.

Option writers (sellers) have a maximum gain potential of the amount of premium received. The client received $755 for each put: 29 x $755 = $21,895.

Buying an options spread (call "spread" or "put spread") caps the investor's risk at the amount paid for the spread. The other three strategies feature theoretically unlimited risk.

If customers have account activity, statements must be sent monthly. If there are no trades, statements must be sent at least quarterly.

ABC is most likely a small-cap tech company, since the Russell 2000 is an equity index comprised of small cap companies, including many technology companies. Blue-chip stocks are found in the Dow Jones Industrial Average and the S&P 500, sometimes the NASDAQ - not the Russell 2000. A CMO is a Collateralized Mortgage Obligation and does not apply to this question. A Regional Bank would most likely not have a high Beta of 1.27 and even if it did, the most likely answer is small-cap technology company since the market capitalization of the regional bank and lending company are not mentioned. Russell 2000 = small caps.

Revenue bonds fund facilities that produce revenue, like highways, toll roads, and power plants. Schools and libraries would more likely be funded by General Obligation Bonds (GO bonds). GO bonds fund projects that may not produce direct revenue streams, like libraries and middle schools.

Beta measures a stock's volatility versus the overall market. Delta and gamma are options greeks. Delta measures the rate of change from an option's price to the change of the underlying asset. Gamma measures the rate of change from the options price relative to the move in Delta. Alpha measures the ROI of a stock versus an index.

A limit order should be used. For a buy order, a limit order specifies the maximum price the buyer is willing to pay. This would be a buy limit order @ $355.00. Stop and stop-limit orders are usually used to limit losses if a stock decreases. AON is an all-or-none order which means 'to fill the whole order' (all 100 shares), or none at all (in this case 100 shares).

When a broker-dealer sells shares out of its own inventory, a principal transaction has occurred. When a broker-dealer finds shares elsewhere, it is an agency transaction.