Experience the Quality With Free Series 99 License Exam Questions That Helps Candidates Pass

The SEC regulates mutual funds under the Investment Company Act of 1940, ensuring proper disclosure and oversight.

Material nonpublic information must be reported immediately to compliance. Even discussing it inappropriately creates risk of insider trading. Ethical conduct requires swift escalation, protecting the firm and market integrity.

FINRA Rule 3310 requires firms to implement AML programs, including independent annual testing. Failure to do so breaches both ethical and regulatory responsibilities.

The Securities Investor Protection Corporation (SIPC) protects customer accounts up to $500,000 (including $250,000 in cash) if a broker-dealer fails. It does not insure against investment losses.

Treasuries settle on T+1. Equities and corporate bonds settle T+2, and money market instruments often settle T+0.