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Series 3 Regulations a questions and answers already passed 2024
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Series 3 Regulations a questions and answers already passed 2024
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Series 3 RegulationsIn addition to being registered as an Associated Person, any AP of an NFA
member also must be registered with the NFA as an associate member.
True
An NFA Member hosting a blog, chat room, or forum where futures are
discussed must regularly monitor the content of the sites it hosts and, at a
minimum, take the following corrective action(s) if abuses are detected.
Remove any misleading or fraudulent posts, and ban users for egregious or
repeat violations
The registration of an Associated Person is contingent upon the sponsoring
registrant's hiring or otherwise employing the applicant within:
30 days
Any trader holding a CFTC-reportable futures position, if required by the
Commission, must file with the CFTC a "Statement of Reporting Trader"
(CFTC Form 40) providing, among other information, the following:
The trader's name, address, and business telephone number.
The trader's principal business and occupation.
The FCMs, IBs, and foreign brokers carrying the trader's account.
An FCM must file quarterly financial reports, as well as an annual certified
financial report.
, False FCMs are required to file financial reports on a monthly basis. The year-
end financial report must be certified by an independent public accountant
Which of the following are among the factors requiring a CPO to be registered
with the CFTC?
It operates more than one pool at any one time.
The total gross capital contribution in all operated pools exceeds $400,000.
Persons found to have violated the Commodity Exchange Act may be subject
to:
Revocation of registration.
Monetary fines.
Criminal prosecution.
Federal court injunction.
In regard to supplemental information included in a CTA Disclosure
Document, CFTC regulations require that the supplemental information:
Cannot be misleading.
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