Securities Industry Essentials Exam 2 | With Questions & Answers (Rated A+)
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Securities Industry Essentials
Institution
Securities Industry Essentials
Securities Industry Essentials Exam 2 | With Questions & Answers (Rated A+)
Securities Industry Essentials Exam 2 | With Questions & Answers (Rated A+)
When a broker-dealer charges a commission on a securities transaction, it has acted as - ANSWER - an agent
Under FINRA rules, non-cash compe...
, Securities Industry Essentials Exam 2 |
With Questions & Answers (Rated A+)
When a broker-dealer charges a commission on a securities transaction, it has acted
as - ANSWER - an agent
Under FINRA rules, non-cash compensation connected with the sale of variable
contracts doesn't include - ANSWER - commissions
A registered representative discussing a 529 college savings plan should explain
_________ to the customer? - ANSWER - the potential deductibility of contributions
from state taxes
Investments generally traded according to their average life rather than their stated
maturity dates? - ANSWER - asset-backed securities
An associated person who is not a registered representative is permitted to engage
in - ANSWER - providing account opening forms to a new customer
An investor owns 100 shares of XYZ common stock at the current market price of
$50 per share. If XYZ conducts a 1-for-2 reverse stock split, the investor's post-split
stock position will be - ANSWER - 50 shares at $100 per share
Under FINRA rules, this action by registered representatives requires written
notification to the firm - ANSWER - Driving part time for a transportation network
company on weekends
The following communications with the public can be considered misleading -
ANSWER - Literature providing 10-year performance information to support
predictions of future performance
The redemption value of an open-end investment company's shares is based on the
- ANSWER - NAV (net asset value) computed after the order is received
In the event of a stock split, which of the following parties is required to maintain a
record of the shareholders eligible to receive the additional shares? - ANSWER -
transfer agent
What Form U4 reportable event results in a statutory disqualification? - ANSWER - a
felony conviction for a driving under the influence (DUI) charge
What isn't an example of inside information if the customer shares with his registered
representative? - ANSWER - declared stock dividend
What is true regarding a customer account held as tenants in common? - ANSWER -
the ownership of the decedent's assets is governed by their will or state of law
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