FINRA /
Series
/ /
63 Exam Questions With Correct Answers
/ // // // // //
selling /
/away //- /
/correct /
/answer(s) /
/✔✔ /
/when //
a/
/representative /
/engages /
/in //private //securities //transactions //without //the //knowledge //or //consent //of //his //employer.
commingling //- /
/correct /
/answer(s) /
/✔✔ /
/when //
a/
/brokerage /
/firm /
/combines /
/its //securities //with //customer's //securities //(e.g., //to //present //collateral //for //a //bank //loan).
historical /
/performance //- /
/correct /
/answer(s) /
/✔✔ /
/may /
,/be /
/shown /
/to /
/investors /
/as /
/long /
/as //proper //disclosure //is //provided //indicating //that //it //DOES //NOT //predict //future //results.
legal /
/person //- /
/correct /
/answer(s) /
/✔✔ /
/an /
/entity /
/that /
/can /
/engage //in //legal //activities //such //as //signing //contracts //or //opening //accounts. //These //folks //are
//not //dead, //minors, //or //people //who //have //been //declared //mentally //incompetent.
promptly //- //correct //answer(s) //✔✔ //The //time //frame //that //agents //as //well //as //broker-
dealers /
/or //issuers //notify //the //Administrator //when //agents //begin //or //terminate //employment.
December /
/31st, /
/annually //- /
/correct /
/answer(s) /
/✔✔ //Registration //for //both //agents //and //investment //adviser //representatives //expires:
administrator //- /
/correct /
/answer(s) //✔✔ //The //official //or //agency //administering //the //securities //laws //of //a //state.
,advertisement //- /
/correct /
/answer(s) /
/✔✔ /
/Any /
/material /
/designed /
/for /
/use /
/by /
/newspapers, /
/magazines, /
/radio, //television, //telephone //recording //or //any //other //public //medium //to //solicit //business.
agent //- /
/correct /
/answer(s) /
/✔✔ /
/An /
/individual /
/who /
/represents //
a/
/broker/dealer /
/or /
/an /
/issuer /
/when /
/selling /
/or /
/trying /
/to /
/sell /
/securities /
/to /
/the /
, /investing /
/public. /
/This /
/individual /
/is /
/considered /
/an /
/_____ /
/whether /
/he /
/or /
/she /
/actually //receives //or //simply //solicits //orders. //Also //known //as //"registered //representatives."
anti-
fraud /
/rules //- /
/correct /
/answer(s) /
/✔✔ /
/Although /
/exempt /
/securities /
/and /
/securities /
/sold /
/in /
/exempt /
/transactions //are //exempt //from //the //registration //and //advertising //filing //requirements //of //the
//Uniform //Securities //Act, //no //security //or //person //is //exempt //from //the //________________.
associated /
/person //- /
/correct /
/answer(s) /
/✔✔ /
Series
/ /
63 Exam Questions With Correct Answers
/ // // // // //
selling /
/away //- /
/correct /
/answer(s) /
/✔✔ /
/when //
a/
/representative /
/engages /
/in //private //securities //transactions //without //the //knowledge //or //consent //of //his //employer.
commingling //- /
/correct /
/answer(s) /
/✔✔ /
/when //
a/
/brokerage /
/firm /
/combines /
/its //securities //with //customer's //securities //(e.g., //to //present //collateral //for //a //bank //loan).
historical /
/performance //- /
/correct /
/answer(s) /
/✔✔ /
/may /
,/be /
/shown /
/to /
/investors /
/as /
/long /
/as //proper //disclosure //is //provided //indicating //that //it //DOES //NOT //predict //future //results.
legal /
/person //- /
/correct /
/answer(s) /
/✔✔ /
/an /
/entity /
/that /
/can /
/engage //in //legal //activities //such //as //signing //contracts //or //opening //accounts. //These //folks //are
//not //dead, //minors, //or //people //who //have //been //declared //mentally //incompetent.
promptly //- //correct //answer(s) //✔✔ //The //time //frame //that //agents //as //well //as //broker-
dealers /
/or //issuers //notify //the //Administrator //when //agents //begin //or //terminate //employment.
December /
/31st, /
/annually //- /
/correct /
/answer(s) /
/✔✔ //Registration //for //both //agents //and //investment //adviser //representatives //expires:
administrator //- /
/correct /
/answer(s) //✔✔ //The //official //or //agency //administering //the //securities //laws //of //a //state.
,advertisement //- /
/correct /
/answer(s) /
/✔✔ /
/Any /
/material /
/designed /
/for /
/use /
/by /
/newspapers, /
/magazines, /
/radio, //television, //telephone //recording //or //any //other //public //medium //to //solicit //business.
agent //- /
/correct /
/answer(s) /
/✔✔ /
/An /
/individual /
/who /
/represents //
a/
/broker/dealer /
/or /
/an /
/issuer /
/when /
/selling /
/or /
/trying /
/to /
/sell /
/securities /
/to /
/the /
, /investing /
/public. /
/This /
/individual /
/is /
/considered /
/an /
/_____ /
/whether /
/he /
/or /
/she /
/actually //receives //or //simply //solicits //orders. //Also //known //as //"registered //representatives."
anti-
fraud /
/rules //- /
/correct /
/answer(s) /
/✔✔ /
/Although /
/exempt /
/securities /
/and /
/securities /
/sold /
/in /
/exempt /
/transactions //are //exempt //from //the //registration //and //advertising //filing //requirements //of //the
//Uniform //Securities //Act, //no //security //or //person //is //exempt //from //the //________________.
associated /
/person //- /
/correct /
/answer(s) /
/✔✔ /
