Series 79 questions & answers graded A+ 2024

Series 79an investment banker representative brings home a deal file and leaves it on her living room table. her husband reads the deal file and trades on the information. in this situation, who is liable? - correct answer the husband is liable for violating the duty of trust. he knew that it was insider info. an employee of a FINRA member firm is accused of insider trading. how can the firm avoid liability? - correct answer the firm can avoid liability if it can demonstrate that they had adequate supervisory procedures and the employee willfully violated the procedures cross default clause - correct answer protects an investor if the issuer defaults on a different tranche of its capital structure what action is permitted by a RR while in possession of non-public info? - correct answer accept an unsolicited order from a customer after termination of a rep's registration, how long does the individual have to re-associate with a member firm before being required to re-take their exams? - correct answer 2 years what are the consequences for lapse of regulatory element of continuing education? - correct answer CE inactive and cannot function or be compensated if they need registration what are the maintenance requirement records of customer accounts and complaints? - correct answer must be maintained for 3 years with the first 2 years in easily accessible location how often does the supervisory branch need to be inspected? - correct answer annually what is NOT a branch office? - correct answer primary residence. you cannot have client meetings in your home.