100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Chapter 17 Custom Exam Questions and Answers | 100% Pass $9.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. Sie
  4.  
  5. Sie

Exam (elaborations)

Chapter 17 Custom Exam Questions and Answers | 100% Pass
 6 views  0 purchase
  • Course
  • Sie
  • Institution
  • Sie

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...

[Show more]

Preview 3 out of 16  pages

Document information

  • September 25, 2024
  • 16
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • chapter 17 custom exam questions and answers 100

Written for

  • Sie
  • Sie

Seller

avatar-seller
EmillyCharlotte

Reviews received

Content preview

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.

1/16

,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


3/16

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller EmillyCharlotte. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $9.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

78252 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling

Recently viewed by you

Exam (elaborations) ·

(0)

Indiana QMA State Test Questions & Answers(RATED A+)
$9.99
  • (0)
  Add to cart