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
While exemption for members with limited investment banking activity, how many investment banking services transactions have participated in according to the provisions of paragraphs of the Rule that shall not apply to members?
Correct
2242. Debt Research Analysts and Debt Research Reports
Exemption for Members with Limited Investment Banking Activity
The provisions of paragraphs of the Rule shall not apply to members that over the previous three years, on average per year, have participated in 10 or fewer investment banking services transactions as manager or co-manager and generated $5 million or less in gross investment banking revenues from those transactions;Incorrect
2242. Debt Research Analysts and Debt Research Reports
Exemption for Members with Limited Investment Banking Activity
The provisions of paragraphs of the Rule shall not apply to members that over the previous three years, on average per year, have participated in 10 or fewer investment banking services transactions as manager or co-manager and generated $5 million or less in gross investment banking revenues from those transactions; -
Question 2 of 10
2. Question
While exemption for debt research reports provided to institutional investors, why does the member or associated person have a reasonable basis?
Correct
2242. Debt Research Analysts and Debt Research Reports
Exemption for Debt Research Reports Provided to Institutional Investors
The member or associated person has a reasonable basis to believe that the qualified institutional buyer is capable of evaluating investment risks independently, both in general and with regard to particular transactions and investment strategies involving a debt security or debt securitiesIncorrect
2242. Debt Research Analysts and Debt Research Reports
Exemption for Debt Research Reports Provided to Institutional Investors
The member or associated person has a reasonable basis to believe that the qualified institutional buyer is capable of evaluating investment risks independently, both in general and with regard to particular transactions and investment strategies involving a debt security or debt securities -
Question 3 of 10
3. Question
Regarding exemption for debt research reports provided to institutional investors, what has qualified institutional buyer affirmatively indicated?
Correct
2242. Debt Research Analysts and Debt Research Reports
Exemption for Debt Research Reports Provided to Institutional Investors
Qualified institutional buyer has affirmatively indicated that it is exercising independent judgment in evaluating the member’s recommendations pursuant to Rule 2111 and such affirmation covers transactions in debt securities.Incorrect
2242. Debt Research Analysts and Debt Research Reports
Exemption for Debt Research Reports Provided to Institutional Investors
Qualified institutional buyer has affirmatively indicated that it is exercising independent judgment in evaluating the member’s recommendations pursuant to Rule 2111 and such affirmation covers transactions in debt securities. -
Question 4 of 10
4. Question
While a person that meets the definition of “institutional account” in Rule 4512(c); provided that such person, prior to receipt of a debt research report, what has the member affirmatively notified in writing?
Correct
2242. Debt Research Analysts and Debt Research Reports
Exemption for Debt Research Reports Provided to Institutional Investors
A person that meets the definition of “institutional account” in Rule 4512(c); provided that such person, prior to receipt of a debt research report, has affirmatively notified the member in writing that it wishes to receive institutional debt research and forego treatment as a retail investor for the purposes of this Rule.Incorrect
2242. Debt Research Analysts and Debt Research Reports
Exemption for Debt Research Reports Provided to Institutional Investors
A person that meets the definition of “institutional account” in Rule 4512(c); provided that such person, prior to receipt of a debt research report, has affirmatively notified the member in writing that it wishes to receive institutional debt research and forego treatment as a retail investor for the purposes of this Rule. -
Question 5 of 10
5. Question
Regarding exemption for debt research reports provided to institutional investors, why must a member establish, maintain and enforce written policies and procedures?
Correct
2242. Debt Research Analysts and Debt Research Reports
Exemption for Debt Research Reports Provided to Institutional Investors
Notwithstanding paragraph (j)(1) of this Rule, a member must establish, maintain and enforce written policies and procedures reasonably designed to identify and effectively manage conflicts of interest described in many paragraphs.Incorrect
2242. Debt Research Analysts and Debt Research Reports
Exemption for Debt Research Reports Provided to Institutional Investors
Notwithstanding paragraph (j)(1) of this Rule, a member must establish, maintain and enforce written policies and procedures reasonably designed to identify and effectively manage conflicts of interest described in many paragraphs. -
Question 6 of 10
6. Question
While exemption for debt research reports provided to institutional investors, which of the following statement(s) is incorrect regarding debt research reports provided to institutional investors pursuant to this exemption (“institutional debt research”) must disclose prominently on the first page?
Correct
2242. Debt Research Analysts and Debt Research Reports
Exemption for Debt Research Reports Provided to Institutional Investors
Debt research reports provided to institutional investors pursuant to this exemption (“institutional debt research”) must disclose prominently on the first page that:
(A) “This document is intended for institutional investors and is not subject to all of the independence and disclosure standards applicable to debt research reports prepared for retail investors.”
(B) If applicable, “The views expressed in this report may differ from the views offered in [Firm’s] debt research reports prepared for retail investors.”
(C) If applicable, “This report may not be independent of [Firm’s] proprietary interests. [Firm] trades the securities covered in this report for its own account and on a discretionary basis on behalf of certain clients. Such trading interests may be contrary to the recommendation(s) offered in this report.”Incorrect
2242. Debt Research Analysts and Debt Research Reports
Exemption for Debt Research Reports Provided to Institutional Investors
Debt research reports provided to institutional investors pursuant to this exemption (“institutional debt research”) must disclose prominently on the first page that:
(A) “This document is intended for institutional investors and is not subject to all of the independence and disclosure standards applicable to debt research reports prepared for retail investors.”
(B) If applicable, “The views expressed in this report may differ from the views offered in [Firm’s] debt research reports prepared for retail investors.”
(C) If applicable, “This report may not be independent of [Firm’s] proprietary interests. [Firm] trades the securities covered in this report for its own account and on a discretionary basis on behalf of certain clients. Such trading interests may be contrary to the recommendation(s) offered in this report.” -
Question 7 of 10
7. Question
Regarding exemption for debt research reports provided to institutional investors, when a member must establish, maintain and enforce written policies and procedures reasonably designed for whom to ensure that institutional debt research is made available?
Correct
2242. Debt Research Analysts and Debt Research Reports
Exemption for Debt Research Reports Provided to Institutional Investors
A member must establish, maintain and enforce written policies and procedures reasonably designed to ensure that institutional debt research is made available only to eligible institutional investors.Incorrect
2242. Debt Research Analysts and Debt Research Reports
Exemption for Debt Research Reports Provided to Institutional Investors
A member must establish, maintain and enforce written policies and procedures reasonably designed to ensure that institutional debt research is made available only to eligible institutional investors. -
Question 8 of 10
8. Question
In what type of situation the Exemption for Good Cause is grant?
Correct
2242. Debt Research Analysts and Debt Research Reports
Exemption for Good Cause
Pursuant to the Rule 9600 Series, FINRA may in exceptional and unusual circumstances, conditionally or unconditionally grant an exemption from any requirement of this Rule for good cause shown after taking into account all relevant factors, to the extent such exemption is consistent with the purposes of the Rule, the protection of investors, and the public interest.Incorrect
2242. Debt Research Analysts and Debt Research Reports
Exemption for Good Cause
Pursuant to the Rule 9600 Series, FINRA may in exceptional and unusual circumstances, conditionally or unconditionally grant an exemption from any requirement of this Rule for good cause shown after taking into account all relevant factors, to the extent such exemption is consistent with the purposes of the Rule, the protection of investors, and the public interest. -
Question 9 of 10
9. Question
How is an exemption from any requirement of this Rule 9600 Series, FINRA for good cause grant shown?
Correct
2242. Debt Research Analysts and Debt Research Reports
Exemption for Good Cause
Pursuant to the Rule 9600 Series, FINRA may in exceptional and unusual circumstances, conditionally or unconditionally grant an exemption from any requirement of this Rule for good cause shown after taking into account all relevant factors, to the extent such exemption is consistent with the purposes of the Rule, the protection of investors, and the public interest.Incorrect
2242. Debt Research Analysts and Debt Research Reports
Exemption for Good Cause
Pursuant to the Rule 9600 Series, FINRA may in exceptional and unusual circumstances, conditionally or unconditionally grant an exemption from any requirement of this Rule for good cause shown after taking into account all relevant factors, to the extent such exemption is consistent with the purposes of the Rule, the protection of investors, and the public interest. -
Question 10 of 10
10. Question
Which of the following statement(s) is correct regarding Exemption for Good Cause, to the extent such exemption consistent with?
Correct
2242. Debt Research Analysts and Debt Research Reports
Exemption for Good Cause
Pursuant to the Rule 9600 Series, FINRA may in exceptional and unusual circumstances, conditionally or unconditionally grant an exemption from any requirement of this Rule for good cause shown after taking into account all relevant factors, to the extent such exemption is consistent with the purposes of the Rule, the protection of investors, and the public interest.Incorrect
2242. Debt Research Analysts and Debt Research Reports
Exemption for Good Cause
Pursuant to the Rule 9600 Series, FINRA may in exceptional and unusual circumstances, conditionally or unconditionally grant an exemption from any requirement of this Rule for good cause shown after taking into account all relevant factors, to the extent such exemption is consistent with the purposes of the Rule, the protection of investors, and the public interest.