Direct Participation Programs (DPPs) provide: - ANSWER exposure to non-correlated assets with steady returns
Under Federal Reserve Regulation T, a 90-day restriction is imposed when a customer opens and closes which of the following positions? - ANSWER The same stock in a cash account without pa...
FINRA SIE Practice Exam Review
Correct 100%
Direct Participation Programs (DPPs) provide: - ANSWER exposure to non-correlated
assets with steady returns
Under Federal Reserve Regulation T, a 90-day restriction is imposed when a customer
opens and closes which of the following positions? - ANSWER The same stock in a
cash account without paying for the stock in full
Under the securities act of 1933, registration is required for which of the following
securities - ANSWER American Depository Receipts (ADRs)
A customer has a cash balance in her account together with long positions in several
securities. She has made no securities transactions in the account during the past 18
months. How often must her firm send her and account statement? - ANSWER
Quarterly
Under SEC Regulation S-P (Consumer Privacy), which of the following information must
a firm include in its customer privacy and opt-out notices? - ANSWER The policies that
protect the security of non-public information
What action is required of a broker dealer's anti money laundering (AML) program? -
ANSWER Designating an AML compliance officer
Which investment risk is the greatest risk in a variable life insurance policy - ANSWER
Market risk
What consideration should a registered representative explain to a customer when
recommending a 529 college savings plan - ANSWER potential deductibility of
contributions from state taxes
The redemption value of an open-end investment company's shares is based on the: -
ANSWER NAV computed after the order is received
Describe treasury stocks - ANSWER They are issued stocks that have been
subsequently reacquired by the corporation
Call protection is most valuable to a bond owner when bond prices are generally: -
ANSWER rising
An associated person who is not a registered representative is permitted to do what? -
ANSWER Provide account opening forms to a new customer
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