4.01-4.02 Test

4.01-4.02 Test

Assessment

Flashcard

Business

11th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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19 questions

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1.

FLASHCARD QUESTION

Front

Violators of the SEC rules of the Securities Exchange Act of 1934 are subject to criminal penalties. The maximum penalty for an individual is:

Back

$1,000,000, imprisonment for 10 years, or both

2.

FLASHCARD QUESTION

Front

If an investor requests additional information about a trade confirmation that he/she received, the requested information must be furnished to him/her within:

Back

five business days of the request

3.

FLASHCARD QUESTION

Front

During a sales meeting with a customer, a registered representative states that he is so confident about the investment he will reimburse the customer for any losses. This arrangement is:

Back

three years

4.

FLASHCARD QUESTION

Front

The maximum penalty that can be imposed on a business entity for false or misleading information on any SEC report or application is:

Back

$250,000

5.

FLASHCARD QUESTION

Front

A firm that is required to start tape recording their telemarketing activities must continue to do so for what period of time?

Back

3 years

6.

FLASHCARD QUESTION

Front

A private securities transaction exists when a representative:

Back

is selling away

7.

FLASHCARD QUESTION

Front

Which individuals are required to register with FINRA? Options: those who are associated with a member and are to function as Assistant Representatives-Order Processing, those who are not actively engaged in the investment banking or securities business, those who impact securities transactions only on the floor of an exchange, those whose sole functions are limited to clerical duties

Back

those who are associated with a member and are to function as Assistant Representatives-Order Processing

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