S66 prog ex - Study guides, Class notes & Summaries

S66 PROG EX 4AB UPDATED ACTUAL Exam Questions and CORRECT Answers An advisory client is pessimistic and believes that the economy is about to go into a recession. He instructs his adviser to sell his holdings in housing and technology stocks and purchase utilities and consumer staples. This strategy is known as: - CORRECT ANSWER - Sector rotation Sector rotation is a strategy often used in anticipation of changes in the business cycle. If it is believed the economy is about to slow, ...

S66 PROG EX 2AB UPDATED ACTUAL Exam Questions and CORRECT Answers Which of the following practices are violations of the Uniform Securities Act? 1. Executing trades for the firm's account prior to executing client trades 2. Reporting inside information to an immediate supervisor 3. Inducing trades for the purpose of increasing commissions - CORRECT ANSWER - I and III only

S66 PROG EX 1AB UPDATED ACTUAL Exam Questions and CORRECT Answers Which of the following transactions are exempt from the antifraud provisions of the Uniform Securities Act (USA)? - CORRECT ANSWER - None of the above Certain transactions may be exempt from the registration requirements of the USA; however, no transaction is ever exempt from the antifraud provisions of the Act.

S66 PROG EX 3AB UPDATED ACTUAL Exam Questions and CORRECT Answers Net long-term capital gains are taxed as ordinary income at the individual's tax bracket, up to a maximum of: - CORRECT ANSWER - 20% When an investor has both net long-term gains and net short-term losses, these two figures must be netted. If the result is a net long-term capital gain, it is taxed as ordinary income at the individual s tax bracket, up to a maximum of 20%

S66 PROG EX LAB EXAM LATEST UPDATE...