Series 79 correctly answered(2024)

Series 79Statutory disqualification - correct answer convicted in the past 10 years of any crime involving funds or securities OR expulsion from an SRO, SEC, CFTC, or any other regulatory agency Waiting period after failing Series 79 - correct answer 30 days for the first and second attempt, 180 for each subsequent attempt Continuing education - correct answer starts on second anniversary and every three years after; if not completed in 120 days, person will become inactive; registered person may remain inactive for two years before retesting Insider trading - correct answer use of material, nonpublic information to make a profit or avoid a loss; both tipper and tippee held liable SEC Rule 10b-18 - correct answer purchase of equity securities by issuers; must use one broker-dealer, may not be the first trade, cannot be made in the last 10 or 30 minutes of the day, purchases cannot be made at prices higher than the bid price or last trade, whichever is greater, volume may not exceed 25% of ADTV for last four weeks Branch office - correct answer location where a member firm effects securities transactions Office of Supervisory Jurisdiction (OSJ) - correct answer office that engages in structuring public offerings or private placements; must be supervised by a principal Customer complaints - correct answer all written complaints must be kept at OSJ and provided to FINRA AML Compliance Program - correct answer designates AML Compliance Officer; tested on an annual basis; no requirement for Compliance Officer to undergo independent training