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Series 10 (Practice exams 1 & 2) Questions and Answers 100% Correct
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Series 10 (Practice exams 1 & 2) Questions and Answers 100% Correct C - Answer️️ -All investment company advertising must be filed with FINRA: A 10 business days prior to 1st use B 10 business days prior to use for the 1st year of operations; no filing is required thereafter C 10 busi...

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  • September 25, 2024
  • 36
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • series 10 practice exams 1 2 questions and ans

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EmillyCharlotte

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

Series 10 (Practice exams 1 & 2)
Questions and Answers \ 100% Correct


C - Answer✔️✔️-All investment company advertising must be filed with FINRA:


A

10 business days prior to 1st use

B

10 business days prior to use for the 1st year of operations; no filing is required

thereafter

C

10 business days after 1st use

D

10 business days after 1st use for the 1st year of operations; no filing is required

thereafter

C - Answer✔️✔️-A registered representative works from her home office, with supervision

of the location performed by the branch manager at the local member firm office in that

town. Both the home office and the local member firm office are registered with FINRA

as branch locations. Which statement is TRUE?

A

The local office may be advertised as a branch, but the home office may not

1/36

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

The home office may be advertised as a branch, but the branch office may not

C

Both the local office and the home office may be advertised as branches

D

Neither the local office nor the home office may be advertised as branches

B - Answer✔️✔️-Under MSRB rules, an order ticket for an agency transaction must

include all of the following EXCEPT:

A

time of order receipt

B

time of order entry

C

time of order execution

D

time of order cancellation

lowest ask price - Answer✔️✔️-Under the FINRA 5% Policy, the mark-up percentage is

calculated based upon the

A - Answer✔️✔️-A "bona fide" customer, to whom a copy of a member firm's statement of

financial condition must be provided upon request, is defined as a person who:

A


2/36

,TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
has cash or securities in the possession of the member

B

has traded through the member within the past 3 months

C

is not a member of FINRA

D

has engaged in any business transaction with the member within the past 12 months

C - Answer✔️✔️-Municipal issuers are subject to:

A

regulations promulgated by the Municipal Securities Rulemaking Board

B

registration requirements for new issues imposed under the Securities Act of 1933

C

anti-fraud Rule 10b-5 promulgated under the Securities Exchange Act of 1934

D

all of the above

C - Answer✔️✔️-Which security MUST be registered with the SEC?

A

Port authority revenue bond

B

Bank CD in the amount of $10 million


3/36

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

Debenture shelf offering of $100 million

D

Regional bank stock sold in an add on offering

II and IV - Answer✔️✔️-The FINRA 5% Policy applies to transactions in which of the

following securities?

I Open end investment companies

II Closed end investment companies

III Unit investment trusts

IV Real estate investment trusts

limit orders (limit order protection rule) - Answer✔️✔️-The Manning Rule covers:

C - Answer✔️✔️-Regarding FINRA Rule 5130 on IPO purchases of common stock from

underwriters, which statement is TRUE?

A

A FINRA member firm is allowed to buy a new issue for the firm's investment account

B

An underwriter in the syndicate is allowed to buy and retain a portion of the issue

C

The self-supporting spouse of a bank President is permitted to buy the issue

D




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