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Questions and Answers
What is the primary purpose of a proxy in a shareholder meeting?
What is the primary purpose of a proxy in a shareholder meeting?
- To receive multiple proxy solicitations for company proposals
- To attend the meeting in person
- To transfer the right to vote on the stockholder's behalf (correct)
- To revoke the shareholder's power of attorney
What happens to a proxy if the stockholder attends the meeting?
What happens to a proxy if the stockholder attends the meeting?
- It is automatically revoked (correct)
- It is sent to the SEC for review
- It is replaced by another proxy
- It remains valid
Why must a company provide stockholders with information about items to be voted on?
Why must a company provide stockholders with information about items to be voted on?
- To inform stockholders about quarterly reports
- To comply with SEC regulations (correct)
- To solicit proxy votes
- To issue proxy statements
What is the term for a situation in which a group of shareholders tries to influence the outcome of a vote?
What is the term for a situation in which a group of shareholders tries to influence the outcome of a vote?
What is the responsibility of a Member BD firm in relation to proxy voting?
What is the responsibility of a Member BD firm in relation to proxy voting?
What is the primary benefit of voting by proxy for a stockholder?
What is the primary benefit of voting by proxy for a stockholder?
What is the primary benefit of cumulative voting for a smaller investor?
What is the primary benefit of cumulative voting for a smaller investor?
What is a potential risk associated with common stock investments?
What is a potential risk associated with common stock investments?
Which of the following is a type of voting that benefits larger shareholders?
Which of the following is a type of voting that benefits larger shareholders?
What is the primary reason for investing in common stock?
What is the primary reason for investing in common stock?
Which of the following is NOT a type of preferred stock feature?
Which of the following is NOT a type of preferred stock feature?
What is a common scenario in which a company would issue bonds or convertible securities?
What is a common scenario in which a company would issue bonds or convertible securities?
What is the procedure if a customer does not return the proxy by the 10th day before the annual shareholder meeting regarding minor importance matters?
What is the procedure if a customer does not return the proxy by the 10th day before the annual shareholder meeting regarding minor importance matters?
What reimbursement do member BD firms receive from issuers?
What reimbursement do member BD firms receive from issuers?
In the case of a merger or issuance of additional shares, what is the requirement for member firms regarding customer proxies?
In the case of a merger or issuance of additional shares, what is the requirement for member firms regarding customer proxies?
What is the role of a member firm in relation to street name stock?
What is the role of a member firm in relation to street name stock?
What is the responsibility of a member firm regarding the voting of street name stock?
What is the responsibility of a member firm regarding the voting of street name stock?
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