Series 79 Practice Exam 1 with correct answers rated A+

Series 79 Practice Exam 1The role of the specialists (Designated Market Maker) is most closely associated with - correct answer NYSE The NYSE relies on specialists (also referred to as designated market makers) to match buyers and sellers. market makers facilitate trades on the Nasdaq and OTCBB What is a selected dealer agreement and what are the roles of the participants - correct answer A selected dealer agreement specifies the terms between the managing underwriter and selling group members. Selling group members act as agents because they have no financial responsibility for unsold securities. Distributions subject to a selected dealer agreement include both registered and exempt securities (e.g. municipal bonds) How to calculate current yield for common stock - correct answer The current yield of common stock is determined by dividing the annual dividend by the current market price. $2.00/$50 = 4%. In administering Regulatory Element Continuing Education, a broker-dealer is required by FINRA to do all of the following except A) Designate a contact person to receive Regulatory Element email notifications B) Restrict CE inactive persons from performing prohibited activities C) Develop an annual needs analysis and training Program D) Review quarterly Regulatory Element performance reports to determine topics where additional training may be needed - correct answer Develop an annual needs analysis and training program