WELLCARE ACT Mastery Exam Review Questions and Answers (2023 / 2024) (Verified Answers)
Exempt securities must re-establish their exemption annually in order to be sold lawfully in the state.
remember this
A material fact is deliberately omitted in a sales presentation because it was publicly ...
wellcare act mastery exam review questions and ans
Written for
WELLCARE ACT
All documents for this subject (88)
Seller
Follow
ACADEMICAIDSTORE
Reviews received
Content preview
WELLCARE ACT Mastery Exam Review Questions and
Answers () (Verified Answers)
Exempt securities must re-establish their exemption annually in order to be sold
lawfully in the state.
remember this
A material fact is deliberately omitted in a sales presentation because it was
publicly known 4 years ago = PROHIBITED
remember
A registration statement for new issues of securities under the USA is effective
for more than one year after its effective date:
if the issuer or broker/dealer offering the securities has an unsold allotment
covering those instances where an investment adviser might act an as agent for
both sides of a trade involving his advisory clients. In order to perform in this
manner, the USA
prohibits the IA from making the recommendation to BOTH sides.
16. State securities Administrators can require:
agents to post a surety bond if they have discretion over client funds and securities.
Uniform Securities Act imposes certain recordkeeping requirements upon
registered broker/dealers. Among the records that must be retained are all of
these EXCEPT
unsolicited testimonials from customers.
able to split commission with principal under same roof
remember that
A person applying for an initial registration as an agent might be asked to provide
all of the following
-proposed method of doing business.
-a consent to service of process.
-citizenship information.
NOT REQUIRED; fingerprints
According to the Uniform Securities Act, agents may NOT:
(1) act as custodian of a customer's funds and securities **
(2) share commissions from the purchase or sale of securities with any agent not
registered as an agent for the same broker/dealer, or for a broker/dealer under direct or
indirect common control.
(3) share in the profits and losses of an account without written consent of the client and
authorization from the employing broker/dealer.
(4) mply that a conservative investment strategy will guarantee a specific investment
result will be achieved.
could result in a revocation or suspension of an agent's license as a result of a
violation of NASAA's Statement of Policy on Dishonest or Unethical Business
Practices of Broker/Dealers and Agents?
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ACADEMICAIDSTORE. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.19. You're not tied to anything after your purchase.
