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1- Unit 17 - Other SEC and SRO Rules and Regulations Questions
with 100% Correct Answers UPDATED!!!
A statutory disqualification applies to an employee or an officer
of a broker/dealer who, within the past 10 years, has:
A) been convicted of a minor traffic violation.
B) been convicted of securities-related fraud.
C) been sued in civil court.
D) been charged with driving under the influence (DUI). -
ANSWER Your answer, been convicted of securities-related
fraud., was correct!.
Anyone who has been convicted within the past 10 years of any
felony or any securities- or money-related misdemeanor is
subject to statutory disqualification. A mere charge is not
enough.
Reference: 17.2.6.1 in the License Exam Manual.
Records of speaking engagements by persons associated with a
member firm must be retained for:
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A) 3 years.
B) 1 year.
C) 2 years.
D) 6 years. - ANSWER Your answer, 3 years., was correct!.
Records of speaking engagements considered to be a form of
communication with the public should be kept for a minimum
of three years and for the first two years in a readily accessible
location.
Reference: 17.5.3.1 in the License Exam Manual.
Which of the following statements regarding the Code of
Arbitration are TRUE?
Simplified arbitration is available for claims of $50,000 or less.
Simplified arbitration is available for claims of $25,000 or less.
The statute of limitations for filing a claim is 3 years from the
event.
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The statute of limitations for filing a claim is 6 years from the
event.
A) I and III
B) II and IV
C) II and III
D) I and IV - ANSWER Your answer, II and III, was incorrect. The
correct answer was: I and IV
Simplified arbitration is available for claims of $50,000 or less.
The statute of limitations for filing a claim is 6 years from the
event giving rise to the claim.
Reference: 17.3.2.6 in the License Exam Manual.
Which of the following would NOT be considered institutional
communications with the public?
A) A communication with an individual designated to act on
behalf of your institutional customer
1- Unit 17 - Other SEC and SRO Rules and Regulations Questions
with 100% Correct Answers UPDATED!!!
A statutory disqualification applies to an employee or an officer
of a broker/dealer who, within the past 10 years, has:
A) been convicted of a minor traffic violation.
B) been convicted of securities-related fraud.
C) been sued in civil court.
D) been charged with driving under the influence (DUI). -
ANSWER Your answer, been convicted of securities-related
fraud., was correct!.
Anyone who has been convicted within the past 10 years of any
felony or any securities- or money-related misdemeanor is
subject to statutory disqualification. A mere charge is not
enough.
Reference: 17.2.6.1 in the License Exam Manual.
Records of speaking engagements by persons associated with a
member firm must be retained for:
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A) 3 years.
B) 1 year.
C) 2 years.
D) 6 years. - ANSWER Your answer, 3 years., was correct!.
Records of speaking engagements considered to be a form of
communication with the public should be kept for a minimum
of three years and for the first two years in a readily accessible
location.
Reference: 17.5.3.1 in the License Exam Manual.
Which of the following statements regarding the Code of
Arbitration are TRUE?
Simplified arbitration is available for claims of $50,000 or less.
Simplified arbitration is available for claims of $25,000 or less.
The statute of limitations for filing a claim is 3 years from the
event.
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The statute of limitations for filing a claim is 6 years from the
event.
A) I and III
B) II and IV
C) II and III
D) I and IV - ANSWER Your answer, II and III, was incorrect. The
correct answer was: I and IV
Simplified arbitration is available for claims of $50,000 or less.
The statute of limitations for filing a claim is 6 years from the
event giving rise to the claim.
Reference: 17.3.2.6 in the License Exam Manual.
Which of the following would NOT be considered institutional
communications with the public?
A) A communication with an individual designated to act on
behalf of your institutional customer
