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Chapter 17 Custom Exam Questions and Answers | 100% Pass
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Chapter 17 Custom Exam Questions and Answers | 100% Pass A registered person who is employed by a broker-dealer has committed an offense that makes the person subject to statutory disqualification. The firm is MOST likely to take which of the following actions? A) No longer permit the person t...

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  • September 25, 2024
  • 16
  • 2024/2025
  • Exam (elaborations)
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  • chapter 17 custom exam questions and answers 100

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

Chapter 17 Custom Exam Questions
and Answers | 100% Pass


A registered person who is employed by a broker-dealer has committed an offense that

makes the person subject to statutory disqualification. The firm is MOST likely to take

which of the following actions?

A) No longer permit the person to be associated with the member firm

B) Permit the person to be associated with the member firm, but require increased

supervision

C) Permit the person to be associated with the member firm, but only in a non-

registered capacity

D) Permit the person to be associated with the member firm provided FINRA is notified -

Answer✔️✔️-A) No longer permit the person to be associated with the member firm



As a general rule, any person who is subject to statutory disqualification may not be

associated with a FINRA member firm in any capacity, even in a non-registered

capacity. The firm is also required to report the event to FINRA. The member firm may

request an eligibility proceeding to determine whether the person can remain in a

registered capacity; however, there is no guarantee that the request will be granted. If

the employee is terminated, the firm will file a Form U5.

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,TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
A person is subject to the Regulatory Element of Continuing Education:

A) If she has failed any qualification exam

B) On the second anniversary of her registration and every three years thereafter

C) Annually

D) Only if she has been subject to disciplinary action - Answer✔️✔️-B) On the second

anniversary of her registration and every three years thereafter



The Continuing Education Regulatory Element for registered personnel begins on the

second anniversary of her initial registration, and then is triggered every three years

thereafter. If representatives do not participate, their registration becomes inactive.

There is no graduation from the Regulatory Element.

Which of the following descriptions BEST defines the Regulatory Element of Continuing

Education (CE)?

A) The requirement is triggered when a registered person violates industry rules.

B) It can be accomplished by attending a seminar given by your firm.

C) It ensures that registered persons are kept up-to-date on sales practices,

compliance, and regulatory matters.

D) It is a prerequisite for principal registration. - Answer✔️✔️-C) It ensures that registered

persons are kept up-to-date on sales practices, compliance, and regulatory matters.




2/16

, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
The Regulatory Element of CE is a compulsory requirement that must be met on the

second anniversary date of a registered representative's registration. It continues at a

three-year interval thereafter.

Which of the following employees of a broker-dealer is not required to be fingerprinted?

A) A back office employee who handles customer funds.

B) A clerk who has access to records of original entry.

C) A senior officer of the firm who only provides capital to the firm.

D) A registered representative who processes trades in the back office. - Answer✔️✔️-C)

A senior officer of the firm who only provides capital to the firm.



According to SEC Rule 17-2, all partners, directors, officers and employees of broker-

dealers who are involved in the sale of securities, handling securities, monies, or

records of original entry, or supervise any of the above must be fingerprinted. An officer

of a firm who simply provides capital to the firm and is not involved in the handling of

funds and/or securities, or dealing with the firm's books and records, is exempt from the

fingerprinting requirement. (17583)

If a newly hired person is employed by a broker-dealer and will be offering corporate

securities, she can become FINRA registered by:

A) Passing the SIE Exam only

B) Passing the SIE Exam the Series 6 Exam

C) Passing the Series 6 Exam only


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