Quiz-summary
0 of 10 questions completed
Questions:
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
Information
certdemy 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
In the FINRA Rule 2251 (Processing and Forwarding of Proxy and Other Issuer-Related Materials), which of the following case enhanced broker’s internet platform fee does not apply?
Correct
In the FINRA Rule 2251 (Processing and Forwarding of Proxy and Other Issuer-Related Materials), enhanced brokers’ internet platform fee does not apply to electronic delivery consents captured by issuers (for example, through an open-enrollment program), nor to positions held in Managed Accounts nor to accounts voted by investment managers using electronic voting platforms. This is a one-time fee, meaning that an issuer may be billed this fee by a particular member only once for each account covered by this Rule.
Incorrect
In the FINRA Rule 2251 (Processing and Forwarding of Proxy and Other Issuer-Related Materials), enhanced brokers’ internet platform fee does not apply to electronic delivery consents captured by issuers (for example, through an open-enrollment program), nor to positions held in Managed Accounts nor to accounts voted by investment managers using electronic voting platforms. This is a one-time fee, meaning that an issuer may be billed this fee by a particular member only once for each account covered by this Rule.
-
Question 2 of 10
2. Question
In the FINRA Rule 11130 (when, as and if issued/distributed contracts), which of the following written confirmation or comparison in the same form provided in FINRA Rule 11130 should be sent by each party to the transaction?
Correct
In the FINRA Rule 11130 (when, as and if issued/distributed contracts), each party to the transaction shall send a written “when, as and if issued” or “when as and if distributed” confirmation or comparison in the same form provided in FINRA Rule 11130.
Incorrect
In the FINRA Rule 11130 (when, as and if issued/distributed contracts), each party to the transaction shall send a written “when, as and if issued” or “when as and if distributed” confirmation or comparison in the same form provided in FINRA Rule 11130.
-
Question 3 of 10
3. Question
In the FINRA Rule 11130 (when, as and if issued/distributed contracts), which of the following should be in each confirmation or comparison covering a contract in a “when, as and if issued” or “when, as and if distributed”?
Correct
Each confirmation or comparison covering a contract in a “when, as and if issued” or “when, as and if distributed” security shall, at a minimum, contain:-
(a) An adequate description of the security and the plan, if any, under which the security is proposed to be issued or distributed.
(b) Designation of FINRA as the authority which shall rule upon the performance of the contract.
(c) Provision for marking the contract to the market.Incorrect
Each confirmation or comparison covering a contract in a “when, as and if issued” or “when, as and if distributed” security shall, at a minimum, contain:-
(a) An adequate description of the security and the plan, if any, under which the security is proposed to be issued or distributed.
(b) Designation of FINRA as the authority which shall rule upon the performance of the contract.
(c) Provision for marking the contract to the market. -
Question 4 of 10
4. Question
In the FINRA Rule 11130 (when, as and if issued/distributed contracts), which of the following authority will furnish upon a written request, an adequate description of any particular issue of securities and of the plan under which the securities are proposed to be issued for the purpose of inclusion in all contracts or confirmations covering transactions on a “when, as and if issued” or “when, as and if distributed” basis in the particular securities?
Correct
The Committee will furnish, upon written request, an adequate description of any particular issue of securities and of the plan under which the securities are proposed to be issued for the purpose of inclusion in all contracts or confirmations covering transactions on a “when, as and if issued” or “when, as and if distributed” basis in the particular securities.
Incorrect
The Committee will furnish, upon written request, an adequate description of any particular issue of securities and of the plan under which the securities are proposed to be issued for the purpose of inclusion in all contracts or confirmations covering transactions on a “when, as and if issued” or “when, as and if distributed” basis in the particular securities.
-
Question 5 of 10
5. Question
In the FINRA Rule 11130 (when, as and if issued/distributed contracts), which of the following authority determines the date for the settlement of “when, as and if issued” and “when, as and if distributed” contracts when a sufficient percentage of the issue is outstanding?
Correct
In the FINRA Rule 11130 (when, as and if issued/distributed contracts), a date for the settlement of “when, as and if issued” and “when, as and if distributed” contracts shall be determined by the Committee when a sufficient percentage of the issue is outstanding.
Incorrect
In the FINRA Rule 11130 (when, as and if issued/distributed contracts), a date for the settlement of “when, as and if issued” and “when, as and if distributed” contracts shall be determined by the Committee when a sufficient percentage of the issue is outstanding.
-
Question 6 of 10
6. Question
In the FINRA Rule 11130 (when, as and if issued/distributed contracts), which of the following authority has the power to cancel or terminate “when, as and if issued” and “when, as and if distributed” contracts as necessary to resolve conflicts over the settlement of such contracts?
Correct
In the FINRA Rule 11130 (when, as and if issued/distributed contracts), the Committee may cancel or terminate “when, as and if issued” and “when, as and if distributed” contracts as necessary to resolve conflicts over the settlement of such contracts.
Incorrect
In the FINRA Rule 11130 (when, as and if issued/distributed contracts), the Committee may cancel or terminate “when, as and if issued” and “when, as and if distributed” contracts as necessary to resolve conflicts over the settlement of such contracts.
-
Question 7 of 10
7. Question
In the FINRA Rule 11130 (when, as and if issued/distributed contracts), which of the following conditions “when, as and if issued” and “when, as and if distributed” contracts should be canceled?
Correct
In the FINRA Rule 11130 (when, as and if issued/distributed contracts), “when, as and if issued” and “when, as and if distributed” contracts will be canceled on the following condition:-
(a) The Committee may cancel or terminate “when, as and if issued” and “when, as and if distributed” contracts as necessary to resolve conflicts over the settlement of such contracts.
(b) Contracts will be canceled if the securities are not to be issued or distributed.
(c) Contracts will generally be canceled if the securities which are to be issued or distributed are not substantially the same as those contemplated in the contract.Incorrect
In the FINRA Rule 11130 (when, as and if issued/distributed contracts), “when, as and if issued” and “when, as and if distributed” contracts will be canceled on the following condition:-
(a) The Committee may cancel or terminate “when, as and if issued” and “when, as and if distributed” contracts as necessary to resolve conflicts over the settlement of such contracts.
(b) Contracts will be canceled if the securities are not to be issued or distributed.
(c) Contracts will generally be canceled if the securities which are to be issued or distributed are not substantially the same as those contemplated in the contract. -
Question 8 of 10
8. Question
In the FINRA Rule 11140, all transactions in securities, except “cash” transactions, shall be “ex-dividend,” “ex-rights” or “ex-warrants”, which of the following authority designate the day for all transactions?
Correct
All transactions in securities, except “cash” transactions, shall be “ex-dividend,” “ex-rights” or “ex-warrants”, on the day specifically designated by the Committee after definitive information concerning the declaration and payment of a dividend or the issuance of rights or warrants has been received at the office of the Committee.
Incorrect
All transactions in securities, except “cash” transactions, shall be “ex-dividend,” “ex-rights” or “ex-warrants”, on the day specifically designated by the Committee after definitive information concerning the declaration and payment of a dividend or the issuance of rights or warrants has been received at the office of the Committee.
-
Question 9 of 10
9. Question
In the FINRA Rule 11140 (Transactions in Securities “Ex-Dividend,” “Ex-Rights” or “Ex-Warrants”), what will be the ex-rights date after the effective date of the registration statement, if definitive information is received sufficiently in advance of the effective date of the registration statement?
Correct
In the FINRA Rule 11140 (Transactions in Securities “Ex-Dividend,” “Ex-Rights” or “Ex-Warrants”), In respect to transferable rights subscription offerings, if definitive information is received sufficiently in advance of the effective date of the registration statement, the date designated as the ex-rights date shall be the first business day after the effective date of the registration statement.
Incorrect
In the FINRA Rule 11140 (Transactions in Securities “Ex-Dividend,” “Ex-Rights” or “Ex-Warrants”), In respect to transferable rights subscription offerings, if definitive information is received sufficiently in advance of the effective date of the registration statement, the date designated as the ex-rights date shall be the first business day after the effective date of the registration statement.
-
Question 10 of 10
10. Question
In the FINRA Rule 11140 (Transactions in Securities “Ex-Dividend,” “Ex-Rights” or “Ex-Warrants”), what will be the ex-rights date If definitive information is not received sufficiently in advance of the effective date of the registration statement to permit designation of an ex-rights date?
Correct
In the FINRA Rule 11140 (Transactions in Securities “Ex-Dividend,” “Ex-Rights” or “Ex-Warrants”), If definitive information is not received sufficiently in advance of the effective date of the registration statement to permit designation of an ex-rights date, the date designated shall be the first business day which in the opinion of the Committee shall be practical having regard to the circumstances pertaining.
Incorrect
In the FINRA Rule 11140 (Transactions in Securities “Ex-Dividend,” “Ex-Rights” or “Ex-Warrants”), If definitive information is not received sufficiently in advance of the effective date of the registration statement to permit designation of an ex-rights date, the date designated shall be the first business day which in the opinion of the Committee shall be practical having regard to the circumstances pertaining.