Quiz-summary
0 of 10 questions completed
Questions:
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
Information
Certdemy free practice questions
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
Results
0 of 10 questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 points, (0)
Categories
- Not categorized 0%
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- Answered
- Review
-
Question 1 of 10
1. Question
Which of the following statements is false regarding Persons eligibility to become members?
I. any registered broker, dealer can be members
II. municipal securities broker or dealer can be members
III. If not ineligible, any person can be an associated person of a member
IV. If ineligible, any person can be an associated person of a member
Correct
Persons eligible to become members and associated persons of members
(Section 1) – any registered broker, dealer, municipal securities broker or dealer, or government securities broker or dealer can be members. Any person can be an associated person of a member, unless otherwise ineligible.Incorrect
Persons eligible to become members and associated persons of members
(Section 1) – any registered broker, dealer, municipal securities broker or dealer, or government securities broker or dealer can be members. Any person can be an associated person of a member, unless otherwise ineligible. -
Question 2 of 10
2. Question
Which of the following statements is true regarding the Authority of Board?
Correct
Authority of Board to adopt qualification requirements (Section 2) – the Board
has the authority to adopt rules and regulations applicable to applicants.Incorrect
Authority of Board to adopt qualification requirements (Section 2) – the Board
has the authority to adopt rules and regulations applicable to applicants. -
Question 3 of 10
3. Question
Which of the following statements is true regarding ineligibility of certain persons for membership?
I. Any registered broker, dealer, municipal securities broker or dealer can be a member if he fails to satisfy the qualification requirements
II. All registered broker, dealer, municipal securities broker or dealer can be a member if he fails to satisfy the qualification requirements
III. Only government securities broker or dealer can be a member if he fails to satisfy the qualification requirements
IV. They can’t be members if they fail to satisfy the qualification requirements
Correct
Ineligibility of certain persons for membership or association (Section 3) – no
registered broker, dealer, municipal securities broker or dealer, or government
securities broker or dealer can be a member if he fails to satisfy the qualification requirements.Incorrect
Ineligibility of certain persons for membership or association (Section 3) – no
registered broker, dealer, municipal securities broker or dealer, or government
securities broker or dealer can be a member if he fails to satisfy the qualification requirements. -
Question 4 of 10
4. Question
Which of the following statements is true regarding Ineligibility of certain persons for membership or association?
Correct
Ineligibility of certain persons for membership or association (Section 3) -No person can be associated with a member if the person does not
meet the qualification requirements. The Board has the authority to cancel a person’s membership. If a member is found to be ineligible, the member can file an application for relief with the Board.Incorrect
Ineligibility of certain persons for membership or association (Section 3) -No person can be associated with a member if the person does not
meet the qualification requirements. The Board has the authority to cancel a person’s membership. If a member is found to be ineligible, the member can file an application for relief with the Board. -
Question 5 of 10
5. Question
Which of the following statements is true regarding definition of disqualification?
I. a person is disqualified in regards to membership if the person is a member of a other organization
II. a person is disqualified in regards to membership if the person is a member of NGO
III. a person is disqualified in regards to membership if the person is a matter of legal disqualification
IV. a person is disqualified in regards to membership if the person is a matter of legislative disqualification
Correct
Definition of disqualification (Section 4) – a person is disqualified in regards to
membership if the person is subject to a statutory disqualification.Incorrect
Definition of disqualification (Section 4) – a person is disqualified in regards to
membership if the person is subject to a statutory disqualification. -
Question 6 of 10
6. Question
Which of the following statements is true regarding Qualification requirements?
Correct
Qualification requirements (Section 1) – a member is not to permit an associated person to engage in investment banking or securities business unless such person meets the qualification requirements.
Incorrect
Qualification requirements (Section 1) – a member is not to permit an associated person to engage in investment banking or securities business unless such person meets the qualification requirements.
-
Question 7 of 10
7. Question
Which of the following statements is true regarding application for registration?
I. The signed application for membership is submitted physically
II. It contains an agreement to comply with governing laws, rules, and regulations
III. It contains other reasonable information required by the Corporation
IV. The signed application for membership is submitted electronically
Correct
Application for registration (Section 2) – a signed application for membership is to be submitted electronically and is to contain:
A. an agreement to comply with governing laws, rules, and regulations;
B. other reasonable information required by the Corporation.Incorrect
Application for registration (Section 2) – a signed application for membership is to be submitted electronically and is to contain:
A. an agreement to comply with governing laws, rules, and regulations;
B. other reasonable information required by the Corporation. -
Question 8 of 10
8. Question
Which of the following statements is true regarding amendments to notification?
Correct
Notification by member to the Corporation and associated person of
termination; amendments to notification (Section 3) – if a member terminates
an associated person, the member is to give notice to the Corporation within 30 days, and give a copy of the same notice to the person terminated. If the member finds any facts in such notice to be incomplete or inaccurate, the member is to file an amendment and submit it to the Corporation with a copy to the person terminated within 30 days of first learning of the facts.Incorrect
Notification by member to the Corporation and associated person of
termination; amendments to notification (Section 3) – if a member terminates
an associated person, the member is to give notice to the Corporation within 30 days, and give a copy of the same notice to the person terminated. If the member finds any facts in such notice to be incomplete or inaccurate, the member is to file an amendment and submit it to the Corporation with a copy to the person terminated within 30 days of first learning of the facts. -
Question 9 of 10
9. Question
Which of the following statements is true regarding Retention of jurisdiction?
I. a person who has had his association with a member terminated is not allowed to filing a complaint
II. a person who has had his association with a member terminated can never be filing a complaint
III. a person who has had his association with a member terminated is still subject to filing a complaint
IV. The complaint is based upon conduct that began prior to termination
Correct
Retention of jurisdiction (Section 4) – a person who has had his association with a member terminated is still subject to filing a complaint based upon conduct that began prior to termination.
Incorrect
Retention of jurisdiction (Section 4) – a person who has had his association with a member terminated is still subject to filing a complaint based upon conduct that began prior to termination.
-
Question 10 of 10
10. Question
Which of the following statements is true regarding registration application?
Correct
Application for registration (Section 2) – a signed application for membership is to be submitted electronically and is to contain:
A. an agreement to comply with governing laws, rules, and regulations;
B. other reasonable information required by the Corporation.Incorrect
Application for registration (Section 2) – a signed application for membership is to be submitted electronically and is to contain:
A. an agreement to comply with governing laws, rules, and regulations;
B. other reasonable information required by the Corporation.