100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Series 7 exam 4 Questions and Answers | 100% Pass $12.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. Sie
  4.  
  5. Sie

Exam (elaborations)

Series 7 exam 4 Questions and Answers | 100% Pass
 1 view  0 purchase
  • Course
  • Sie
  • Institution
  • Sie

Series 7 exam 4 Questions and Answers | 100% Pass #130. Costs associated with variable annuities that are not included in the sales charge may include a) Investment management fees and administrative expenses. b) Premium taxes. c) Mortality risk fee and expense risk fee. d) All of the a...

[Show more]

Preview 4 out of 32  pages

Document information

  • September 25, 2024
  • 32
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • series 7 exam 4 questions and answers 100 pass

Written for

  • Sie
  • Sie

Seller

avatar-seller
EmillyCharlotte

Content preview

TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024

Series 7 exam 4 Questions and Answers
| 100% Pass

#130.

Costs associated with variable annuities that are not included in the sales charge may

include



a)

Investment management fees and administrative expenses.

b)

Premium taxes.

c)

Mortality risk fee and expense risk fee.

d)

All of the above. - Answer✔️✔️-D.

These charges are not included in the sales charge. Depending upon the contract, all

are possible expenses or ongoing charges that are deducted from the separate

account.

#129.

A prospectus can no longer be used if financial information is older than



1/32

,TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
a)

90 days.

b)

12 months.

c)

13 months.

d)

16 months. - Answer✔️✔️-D.

A prospectus must contain current information about the investment company, and

therefore, a prospectus that includes financial information more than 16 months old can

no longer be sent out to prospective customers.

#128.

The NAV of a mutual fund is $15 per share and the sales charge is 8%. The POP is



a)

$13.80.

b)

$15.80.

c)

$16.30.

d)


2/32

,TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
$17.00. - Answer✔️✔️-C.

To calculate the POP, use this formula: NAV/(100% - sales charge); $15/(100%-8%);

$15/.92 = $16.30.

#124.

The MSRB's anti-money laundering rules require that a municipal broker/dealer's

procedures contain I. An employee training program. II. A designated independent party

to test the procedures. III. Perpetrator forfeiture rules. IV. SRO reporting procedures.



a)

I and II

b)

I and IV

c)

II and III

d)

III and IV - Answer✔️✔️-A.

In addition, the procedures must contain features to detect suspicious activity and

money laundering activity as well as customer identification procedures.

#120.

XYZ Corp is planning a subsequent primary offering to raise additional capital for

expansion. One of the executives at XYZ Corporation has a large holding of


3/32

, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
unregistered shares which he would like to sell in the open market. Which of the

following would be the most suitable offering for this situation?



a)

Registered secondary

b)

Subsequent primary

c)

Shelf offerings

d)

Combined offering - Answer✔️✔️-D.

#114.

A corporation can avoid registration requirements in the issuance of securities by

engaging in a private placement under



a)

Rule 144.

b)

Rule 147.

c)

Regulation D.


4/32

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 EmillyCharlotte. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

76462 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling

Recently viewed by you

Class notes ·

(0)

Best for jee mains/advanced

$12.49
  • (0)
  Add to cart