Financial Industry

Who Needs Series 24? The Series 24 exam, also known as the General Securities Principal Qualification Exam (GP), is required for individuals who want to become a General Securities Principal (GSP). The GSP is responsible for supervising the activities of a general securities broker-dealer. Eligibility Requirements To be eligible to…

Foreign Direct Investment (FDI) Seeking Foreign direct investment (FDI) is a type of investment where a company or individual from one country invests in a business or asset in another country. FDI can be categorized into different types based on the investor’s motivations. Types of FDI Seeking Natural resource-seeking investment…

Purpose The Federal Home Loan Bank System (FHLB) is a network of 11 regional banks established by the Federal Home Loan Bank Act of 1932. Its primary purpose is to provide a reliable source of funding to other banks and lenders, enabling them to finance housing, infrastructure, economic development, and…

Social capital theory posits that social relationships and networks are valuable resources that can lead to the development and accumulation of human capital. Key Facts Definition: Social capital theory posits that social relationships and networks are valuable resources that can lead to the development and accumulation of human capital. Functioning…

Global FDI Trends in 2018 Foreign direct investment (FDI) experienced a decline in 2018, marking the third consecutive year of decrease. According to the UNCTAD World Investment Report 2019, global FDI flows fell by 13% to $1.3 trillion from $1.5 trillion the previous year. This contraction was primarily driven by…

In the United States, Registered Investment Advisors (RIAs) must register with either the federal government (SEC) or with one or more state securities regulatory agencies. The requirement for SEC registration depends on specific criteria. Key Facts Asset Threshold: If an RIA manages $100 million or more in client assets, they…

Reasons Why Firms Choose Not to Expand Internationally Despite the perceived benefits of globalization, some firms opt not to expand internationally. This decision can be attributed to several factors, including: Comfort and Familiarity Domestic operations offer a sense of comfort and familiarity, as firms are accustomed to the local market…

Definition and Characteristics Unsystematic risk, also known as company-specific risk, specific risk, diversifiable risk, idiosyncratic risk, or residual risk, refers to the risk that is inherent to a particular company or industry. It arises from factors that are specific to a particular company, such as management decisions, sales, market share,…

FFIEC Guidelines: Ensuring Uniformity and Security in Financial Institutions The Federal Financial Institutions Examination Council (FFIEC) is an interagency body established to promote consistent and uniform standards for financial institutions. Its guidelines encompass a wide range of areas, including IT management, cybersecurity, architecture, infrastructure, operations, and compliance with federal consumer…

Popular Bank is a financial institution headquartered in New York. It offers a range of banking products and services, including savings accounts, checking accounts, CDs, and money market accounts. This review will assess Popular Bank’s offerings, customer service, and overall reputation. Key Facts Better Business Bureau (BBB) Rating: Popular Bank…

United Wholesale Mortgage: A Comprehensive Overview Introduction United Wholesale Mortgage (UWM) is a prominent player in the mortgage industry, operating as a wholesale lender that underwrites loans for independent mortgage brokers. With its extensive network of brokers, UWM offers a diverse range of loan products to cater to the unique…

Net Assets Net assets are the value of a company’s assets after deducting its liabilities (Investopedia, 2021). Key Facts Definition: Net assets: Net assets refer to the value of a company’s assets after deducting its liabilities. Equity: Equity represents the residual claim that shareholders have after all debts are paid.…

The Series 6 exam is a challenging test, especially for those who are new to the world of securities. To increase your chances of passing on your first attempt, it’s crucial to have a well-rounded study plan and effective test-taking strategies. Here are some expert tips to guide your preparation:…

Client Account: Definition and Importance A client account is a bank or building society account operated by a professional person (e.g., a solicitor, stockbroker, agent, etc.) on behalf of a client (Oxford Reference, n.d.). Client accounts are legally required for any company handling investments on a client’s behalf (Law Insider,…

Murabaha financing, rooted in Islamic law, is a sales contract that establishes a fixed price for goods or items. This price includes a pre-agreed profit margin for the seller. (Investopedia, 2023) Key Facts Definition: Murabaha financing is a sales contract that fixes the price of goods or items, including a…

Uploading Maps to ArcGIS Online ArcGIS Online is a platform that allows users to create, share, and store maps and data. Uploading maps to ArcGIS Online is a simple process that can be completed in a few steps. Prerequisites Before uploading a map to ArcGIS Online, you must have an…

Regulation W: Definition of an Affiliate Regulation W, a regulation enforced by the Federal Reserve, defines an affiliate as any company that controls, is controlled by, or is under common control with a member bank. Control, in this context, generally refers to ownership, control of voting securities, or the ability…

Is Lazard an Elite Boutique? Lazard is widely recognized as an elite boutique investment bank. This designation stems from its focus on specialized financial services, particularly mergers and acquisitions (M&A) advisory and restructuring, rather than the comprehensive range of services offered by full-service investment banks (Career Principles, 2023). Characteristics of…

The Chamorro language, spoken by the indigenous people of the Mariana Islands, has a distinct vocabulary for animals, including the word “ga’lågu” for “dog.” Key Facts Chamorro Directional Terminology: According to William Safford, who lived on Guam in 1900, “gilagu” was translated as a Spaniard or man from the north,…

Asset Performance Engineer: Role, Skills, and Tools Asset Performance Engineers are responsible for analyzing asset performance, identifying performance issues, and developing solutions to enhance asset performance. They collaborate closely with cross-functional teams, including field engineers, software engineers, data scientists, and subject matter experts, to shape the company’s asset performance management…