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FINA 4352 - MODULE 6 - FP511 EXAM
QUESTIONS AND ANSWERS WITH COMPLETE
SOLUTIONS VERIFIED
Select the categories of conduct defined in the Fitness
Standards.
I. Conduct Deemed a Temporary Bar
II. Conduct Deemed a Presumptive Bar
III. Conduct Deemed Unacceptable
IV. Conduct Deemed Adverse - .....ANSWER ...✔✔ II
& III
Per the Fitness Standards, an individual is eligible to
submit a petition for consideration after having
engaged in any of the following categories of conduct
except - .....ANSWER ...✔✔ felony conviction for
theft, embezzlement or other financially-based crimes.
The Code of Ethics is composed of ____ principles. -
.....ANSWER ...✔✔ 6
Identify the day counting rules that apply when the
Procedural Rules state a time in calendar days.
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I. Exclude the day of the event that triggers the period
II. Include the day of the event that triggers the period
III. Count every day, excluding intervening Saturdays,
Sundays, and federal legal holidays
IV. Include the last day of the period, but if the last day
is a Saturday, Sunday, or federal legal holiday, the
period continues to run until the end of the next day that
is not a Saturday, Sunday, or federal legal holiday -
.....ANSWER ...✔✔ I & IV
In order to proceed with a petition for reinstatement, a
Respondent must have completed all of the following
except - .....ANSWER ...✔✔ completed a CFP Board
verified Ethics continuing education (CE) course.
Choose the Code of Ethics principle that a CFP®
professional is following by disclosing any arrangement
by which someone who is not the client will compensate
or provide some other material economic benefit to the
planner, firm, or a Related Party. - .....ANSWER
...✔✔ Avoid or disclose and manage conflicts of
interest.
Madison, a CFP® professional, offers financial planning
services to high net worth clients in her Registered
Independent Advisory firm. Which of the services that
FINA 4352 - MODULE 6 - FP511 EXAM
QUESTIONS AND ANSWERS WITH COMPLETE
SOLUTIONS VERIFIED
Select the categories of conduct defined in the Fitness
Standards.
I. Conduct Deemed a Temporary Bar
II. Conduct Deemed a Presumptive Bar
III. Conduct Deemed Unacceptable
IV. Conduct Deemed Adverse - .....ANSWER ...✔✔ II
& III
Per the Fitness Standards, an individual is eligible to
submit a petition for consideration after having
engaged in any of the following categories of conduct
except - .....ANSWER ...✔✔ felony conviction for
theft, embezzlement or other financially-based crimes.
The Code of Ethics is composed of ____ principles. -
.....ANSWER ...✔✔ 6
Identify the day counting rules that apply when the
Procedural Rules state a time in calendar days.
, 2|Page
I. Exclude the day of the event that triggers the period
II. Include the day of the event that triggers the period
III. Count every day, excluding intervening Saturdays,
Sundays, and federal legal holidays
IV. Include the last day of the period, but if the last day
is a Saturday, Sunday, or federal legal holiday, the
period continues to run until the end of the next day that
is not a Saturday, Sunday, or federal legal holiday -
.....ANSWER ...✔✔ I & IV
In order to proceed with a petition for reinstatement, a
Respondent must have completed all of the following
except - .....ANSWER ...✔✔ completed a CFP Board
verified Ethics continuing education (CE) course.
Choose the Code of Ethics principle that a CFP®
professional is following by disclosing any arrangement
by which someone who is not the client will compensate
or provide some other material economic benefit to the
planner, firm, or a Related Party. - .....ANSWER
...✔✔ Avoid or disclose and manage conflicts of
interest.
Madison, a CFP® professional, offers financial planning
services to high net worth clients in her Registered
Independent Advisory firm. Which of the services that
