Series 79 - Questions with correct solutions 2024

Series 79 - Questions A person who has not been registered for the past three years has now become newly registered with another broker-dealer. With regard to Regulatory Element, this representative - correct answer Must take the appropriate module as if subject to the program for the first time Must complete Regulatory Element within a 120-day period that begins with the second anniversary of their registration Key Representations ("Reps") and Warranties made by a seller in a definitive agreement (and what it is not) - correct answer In an M&A transaction, the seller makes reps about the target's business to help assure the buyer it is getting what it thinks it is paying for. These reps also serve as a baseline for closing conditions and indemnification. Closing conditions are not a rep; rather they are a separate part of the Definitive Agreement. Examples of seller reps include: Closing conditions are not in reps Under which circumstance can a seller cancel the sale process after it has accepted first round bids? - correct answer At any time with no approvals necessary Types of Risk Credit Risk Market Risk Currency Risk - correct answer Credit risk, or the risk of default, is a business risk that is associated with investing in a particular product, company, or industry sector. Market risk, or systemic risk, involves factors that affect the overall economy or securities markets, potentially causing a decline in the value of an individual investment in a company regardless of the company's growth, revenues and earnings.