Quiz-summary
0 of 10 questions completed
Questions:
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
Information
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 are true regarding the continuing education requirements:
I. The firm has a designated principal or officer in charge
II. The delivery takes place at a site under the control of the firm
III. The continuing education is supervised by a proctor
IV. The sites are made available to FINRA for examinationCorrect
1. The firm has a designated principal or officer in charge(ii) The delivery takes place at a site under the control of the firm(iii) The continuing education is supervised by a proctor(iv) The sites are made available to FINRA for examination
Incorrect
1. The firm has a designated principal or officer in charge(ii) The delivery takes place at a site under the control of the firm(iii) The continuing education is supervised by a proctor(iv) The sites are made available to FINRA for examination
-
Question 2 of 10
2. Question
Which of the following is (are) included in the Rule 791?
I. An untrue statement or omission of material fact that is false or misleading
II. Would constitute a prospectus as defined under the Securities Act of 1933
III. A hedge clause or disclaimer which is not legible
IV. Forecasts of future events that is unwarrantedCorrect
According to Rule 791, member firms, allied members and employees of member firms shall not distribute any advertisement, educational material, sales literature or other communication to a customer or the public that contains the following:
* An untrue statement or omission of material fact that is false or misleading.
* A promise of specific results, unwarranted claims, opinions that do not have a reasonable basis or forecasts of future events that are unwarranted.
* A hedge clause or disclaimer which is not legible, which disclaims responsibility for the content of the communication or is inconsistent with the communication
* Would constitute a prospectus as defined under the Securities Act of 1933Incorrect
According to Rule 791, member firms, allied members and employees of member firms shall not distribute any advertisement, educational material, sales literature or other communication to a customer or the public that contains the following:
* An untrue statement or omission of material fact that is false or misleading.
* A promise of specific results, unwarranted claims, opinions that do not have a reasonable basis or forecasts of future events that are unwarranted.
* A hedge clause or disclaimer which is not legible, which disclaims responsibility for the content of the communication or is inconsistent with the communication
* Would constitute a prospectus as defined under the Securities Act of 1933 -
Question 3 of 10
3. Question
Which of the following relates to an appellate adjudicator that participates in the National Adjudicatory Council’s consideration of an extended proceeding:
Correct
Extended Proceeding Committee – an appellate adjudicator that participates in the National Adjudicatory Council’s consideration of an extended proceeding.
Incorrect
Extended Proceeding Committee – an appellate adjudicator that participates in the National Adjudicatory Council’s consideration of an extended proceeding.
-
Question 4 of 10
4. Question
Which of the following program relates to the activities of the member that are limited to the equity interests in or the debt of direct participation programs, and the person passes a corresponding Qualification Examination:
Correct
a representative associated with a member may register as a Limited Representative – Direct Participation Program if his activities are limited to the equity interests in or the debt of direct participation programs, and the person passes a corresponding Qualification Examination.
Incorrect
-
Question 5 of 10
5. Question
Which of the following activities are included in Investment Company and Variable Contracts Products?
I. Purchase or sale of certain investment companies
II. Certain closed-end investment companies’ securities
III. Certain exempt variable contracts and insurance premium funding programs
IV. The person passes a corresponding Qualification ExaminationCorrect
A representative associated with a member may register as a Limited Representative – Investment Company and Variable Contracts Products if his activities are limited to the solicitation, purchase, or sale of certain investment companies’ redeemable securities, certain closed-end investment companies’ securities, and certain exempt variable contracts and insurance premium funding programs, and the person passes a corresponding Qualification Examination.
Incorrect
A representative associated with a member may register as a Limited Representative – Investment Company and Variable Contracts Products if his activities are limited to the solicitation, purchase, or sale of certain investment companies’ redeemable securities, certain closed-end investment companies’ securities, and certain exempt variable contracts and insurance premium funding programs, and the person passes a corresponding Qualification Examination.
-
Question 6 of 10
6. Question
The following program involves the activities such as advising on debt or equity securities or advising on or facilitating mergers and acquisitions, tender offers, financial
restructurings, etc unless such person’s activities are limited to advising on the placement of direct participation program securities, private securities offerings, or retail or institutional sales activities:Correct
representative associated with a member must register as a Limited Representative – Investment Banking if his activities involve advising on debt or equity securities or advising on or facilitating mergers and acquisitions, tender offers, financial restructurings, asset sales, divestitures or other corporate reorganizations, unless such person’s activities are limited to advising on the placement of direct participation program securities, private securities offerings, or retail or institutional sales activities. He also must pass a corresponding Qualification Examination.
Incorrect
representative associated with a member must register as a Limited Representative – Investment Banking if his activities involve advising on debt or equity securities or advising on or facilitating mergers and acquisitions, tender offers, financial restructurings, asset sales, divestitures or other corporate reorganizations, unless such person’s activities are limited to advising on the placement of direct participation program securities, private securities offerings, or retail or institutional sales activities. He also must pass a corresponding Qualification Examination.
-
Question 7 of 10
7. Question
All research analysts associated with a member are to be registered must first be registered as which of the following:
Correct
all research analysts associated with a member are to be registered. The analysts must first be registered as a General Securities Representative and have passed a Qualification Examination.
Incorrect
all research analysts associated with a member are to be registered. The analysts must first be registered as a General Securities Representative and have passed a Qualification Examination.
-
Question 8 of 10
8. Question
Which of the following is not included under the (FINRA Rule 2210) relating to the Communications with the public:
Correct
Incorrect
-
Question 9 of 10
9. Question
Which of the following type of communication is not included under Rule 2220:
Correct
Rule 2220 defines three types of options communications with the public: Advertisements, Educational material, Sales literature
Incorrect
Rule 2220 defines three types of options communications with the public: Advertisements, Educational material, Sales literature
-
Question 10 of 10
10. Question
Which of the following rule requires members to keep a central file at their principal place of business to log complaints:
Correct
FINRA Rule 2360 requires members to keep a central file at their principal place of business to log complaints.
Incorrect
FINRA Rule 2360 requires members to keep a central file at their principal place of business to log complaints.