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When a securities professional buys and sells excessive amounts of stock for a clients account to make extra large commissions from the trades she is?
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∙ 11y ago
a thief
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∙ 11y ago
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Is it possible to transfer securities from NSDL demat account to cdsl demat account of same account holder?
YES.Interdepository transfer of securities is possible.
What type of account is Deferred Commissions?
Liability
Journal entry of commicsion receivable?
Post to Commissions Earned, an income account and Commissions Receivable, a current asset account.
What are the benefits in a Demat account?
A Demat account is parallel to a bank account through the difference being that in its place of money, it is the securities that have been put in electronic outline. Securities are in the type of shares, bonds or debentures.
What is a depot reconciliation involve?
Depot reconciliation is the process of reconciling securities holding of a bank or an institution as per their book of accounts against the securities in the account maintained with the custodian. The process is similar to the Nostro account reconciliation. e.g. Bank X maintains it's custodian account with Euroclear. Bank during the course of the business buys and sells securities and send messages to it's custodian for the delivery or receipt of such securities. Bank needs to ensure that securities balance as per their book is matching with actual the balance in their account with Euroclear. This process is called Depot reconciliation.
How do you acquire treasury inflation securities in an IRA?
You open an IRA account at a brokerage firm. Nearly all brokers buy and sell Treasury securities of all types, but check with the brokerage firm before opening the account.
Can capital redemption reserve account be created out of securities premium account?
No. CRR should be created out of divisible profits only
What is the definition of a trading account?
A trading account is simply an account that allows you to buy or sell securities and/or company stock. It's what you need if you want to start investing on your own.
What is a trading account and how do you use it?
A trading account is a bank account like a traditional one which holds cash including foreign and securities. It is used for people who are invested in stocks.
What is official reserve account?
The official reserve account, a subdivision of the capital account, is the foreign currency and securities held by the government, usually by its central bank, and is used to balance the payments from year to year.
What is dmat account?
DMAT account stands for Demat Account. It is an electronic account used to hold and trade securities in electronic format. It eliminates the need for physical certificates and enables investors to buy, sell, and transfer securities electronically. DMAT accounts are widely used in India for trading and storing securities such as stocks, bonds, mutual funds, and other financial instruments.
What are the funds out of which a company can purchase it own share?
Section 77A read with Section 77B(2)permits a company to buy its own shares or other securities out of:-(i) its free reserves.(ii) the securities premium account.(iii) the proceeds of any shares or other specified securities.
