How are asset management firms regulated?

July 8, 2024 No Comments

A: In principle, the asset management industry is largely governed by two bodies: the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). However, in practice, there is overlap between these and other agencies; the regulatory picture facing a particular firm can

How are labor demand forecasts made in human resources planning?

July 8, 2024 No Comments

A: Human resources planning can use qualitative and quantitative approaches to forecasting labor demand. Quantitative methods rely on statistical and mathematical assessment, such as workforce trend analysis or econometric calculation. Qualitative forecasts use managerial judgement on a more individual basis, spotting needs internally and then

ask

July 8, 2024 No Comments

Section

How are savings & loan companies different from commercial banks?

July 8, 2024 No Comments

A: Savings and loan (S&L) companies provide many of the same services to customers as commercial banks, including deposits, loans, mortgages, checks and debit cards. However, savings and loans associations place a stronger emphasis on residential mortgages, whereas banks tend to concentrate on working with

Are Cafeteria plans subject to FICA, ERISA or FUTA?

July 8, 2024 No Comments

A: Cafeteria plans are employer-sponsored benefit plans that provide both taxable and nontaxable, or qualified, benefit options for employees. Cafeteria plan benefits, therefore, may be subject to Federal Insurance Contributions Act (FICA) and Federal Unemployment Tax Act (FUTA) taxes. If a plan participant chooses the

Are fringe benefits deductible for the employer?

July 8, 2024 No Comments

A: A fringe benefit is any non-wage form of compensation and is usually offered by an employer as both an employee incentive and a way to reduce taxes. In fact, many fringe benefits are tax-advantageous to both the employer and the employee. There are limits

Are fringe benefits direct or indirect costs?

July 8, 2024 No Comments

A: Almost any non-salary benefit provided by an employer to an employee is considered a “fringe” benefit. These benefits can include insurance, a company car, or employee discount, etc. While there are some exceptions, fringe benefits are usually a direct cost to the business in

Are there any continuing education requirements after I pass the Series 7 examination?

July 8, 2024 No Comments

A: Yes, there are continuing education requirements after you pass the Series 7 exam. According to the Securities Industry/Regulatory Council on Continuing Education (CEC), there are two parts to the CE requirement: the regulatory element and the firm element. The Firm Element of Continuing Education

Bob is a registered representative who recently left ABC Securities and has now registered with PDG …

July 8, 2024 No Comments

Q: Bob is a registered representative who recently left ABC Securities and has now registered with PDG Securities. At the time he resigned from ABC, he had unpaid commissions totaling $5,000. After repeated inquiries and several months, Bob still has not been paid, nor has

Can I still pass the CFA Level I if I do poorly in the ethics section?

July 8, 2024 No Comments

A: You may still pass the Chartered Financial Analysis (CFA) Level I even if you fare poorly in the ethics section, but don’t count on it. The CFA Institute has long emphasized that ethics is a particular area of focus for it. The seriousness with

All Rights Reserved