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Green Light 1 EXAM | Questions And Answers Latest {} A+ Graded | 100% Verified
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Green Light 1 EXAM | Questions And Answers Latest {} A+ Graded | 100% Verified
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Green Light 1 EXAM | Questions And Answers Latest {2024- 2025} A+ Graded | 100%Verified
A 529A or ABLE account is permitted for which of the following persons ?
A person who is receiving retirement benefits
A person who has a significant disability
A person who is a minor
A person who is saving for college - A person who has a significant disability
A registered representative has recently passed the Series 7 Examination . If the RR conducts business in
five states , she is required to:
Register in three of the five states
Register in all five states
Notify FINRA , but not required to register in any of the states OOO
Register in the states in which she has an office - Register in all five states
Which of the following is exposed to the greatest amount of capital risk ?
Equity options
Common stock
,Corporate bonds
American depositary receipts - Equity options
Which of the following statements is TRUE regarding the approval of an official statement ?
FINRA provides approval .
Official statements are not required to be approved by a regulator .
The MSRB provides approval .
The SEC provides approval . - Official statements are not required to be approved by a regulator
A broker - dealer's anti - money laundering ( AML ) compliance program must be approved :
In writing by a member of senior management
By FINRA and a member of senior management of the broker - dealer
By the SEC and the head of compliance for the broker - dealer
In writing by both the CEO and the CFO - In writing by a member of the senior management
If a registered representative terminates employment with a member firm , the jurisdiction of FINRA :
Remains effective for two years following termination
, Remains effective for five days following termination
Terminates upon the representative's resignation
Remains effective for 30 days following termination - Remains effective for two years following
termination
Broker - dealers are prohibited from which of the following activities ?
Advertising on television
Paying a media outlet to influence the price of a security
Paying a media outlet to list the names of their new financial advisers
Advertising on social media - Paying a media outlet to influence the price of security
A customer contacts her registered representative to buy an OTC stock . Rather than buying it directly
from a market maker , the broker - dealer contacts another broker - dealer , who buys it from a market
maker creating two levels of transaction fees . This is known as :
Churning
Free - riding and withholding
Backing away
Interpositioning - Interpositioning
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