Series 3
Customer claims for damages under the CFTC's reparations program must be
made within:
Two years
A respondent in an NFA complaint may appeal any adverse action issued by
an NFA hearing panel directly to the:
NFA appeals committee
A CTA must register with the CFTC unless:
The CTA has provided advice to not more then 15 persons during the last
year and does not hold itself out to the public as providing trading advice.
NFA Rule 2-30 (Customer Information and Risk Disclosure) requires members
and associates to obtain at least which of the following information from
customers who are individuals:
All the above
,The CFTC requires �books and records� to be archived and available for
inspection for:
Five years from the date thereof and readily accessible during the first two
years of the five year period
Which of the following would require registration as a CTA:
all the above
The anti-money laundering report that is required to be filed regarding a
suspicious transaction is known as:
Suspicious activity report
Futures and options positions generally must be offset against the oldest open
positions (FIFO basis) with the exception of which of the following?
A and B only
CPOs are prohibited from doing which of the following activities?
,A and B only
The summary action taken by the NFA president, with the concurrence of the
NFA board of directors, to suspend or restrict a member or otherwise to direct
the member to take remedial action is known as:
A Member Responsibility Action.
Any hypothetical performance results used by an NFA Member must have a
disclaimer that:
Is specified in NFA rules
All required performance disclosure in a CPO�s Disclosure Document must
be presented
5 years
An NFA arbitration claim may be filed up to how long after the filing party
knew or should have known of the act or transaction in question?
2 years
, Which of the following foreign contracts require specific CFTC or SEC
approval before they can be offered or sold in the United States?
A and B
Which of the following activities would require registration as an Associated
Person:
All the Above
The information contained in a CTA or CPO disclosure document must be
current as of the date of the disclosure document except for the performance
data, which must be current as of a date not more than:
three months
Under NFA Rule 2-29 (Communications with the Public and Promotional
Material):
A discussion of past trading results must state that past results are not
necessarily indicative of future results.
Customer claims for damages under the CFTC's reparations program must be
made within:
Two years
A respondent in an NFA complaint may appeal any adverse action issued by
an NFA hearing panel directly to the:
NFA appeals committee
A CTA must register with the CFTC unless:
The CTA has provided advice to not more then 15 persons during the last
year and does not hold itself out to the public as providing trading advice.
NFA Rule 2-30 (Customer Information and Risk Disclosure) requires members
and associates to obtain at least which of the following information from
customers who are individuals:
All the above
,The CFTC requires �books and records� to be archived and available for
inspection for:
Five years from the date thereof and readily accessible during the first two
years of the five year period
Which of the following would require registration as a CTA:
all the above
The anti-money laundering report that is required to be filed regarding a
suspicious transaction is known as:
Suspicious activity report
Futures and options positions generally must be offset against the oldest open
positions (FIFO basis) with the exception of which of the following?
A and B only
CPOs are prohibited from doing which of the following activities?
,A and B only
The summary action taken by the NFA president, with the concurrence of the
NFA board of directors, to suspend or restrict a member or otherwise to direct
the member to take remedial action is known as:
A Member Responsibility Action.
Any hypothetical performance results used by an NFA Member must have a
disclaimer that:
Is specified in NFA rules
All required performance disclosure in a CPO�s Disclosure Document must
be presented
5 years
An NFA arbitration claim may be filed up to how long after the filing party
knew or should have known of the act or transaction in question?
2 years
, Which of the following foreign contracts require specific CFTC or SEC
approval before they can be offered or sold in the United States?
A and B
Which of the following activities would require registration as an Associated
Person:
All the Above
The information contained in a CTA or CPO disclosure document must be
current as of the date of the disclosure document except for the performance
data, which must be current as of a date not more than:
three months
Under NFA Rule 2-29 (Communications with the Public and Promotional
Material):
A discussion of past trading results must state that past results are not
necessarily indicative of future results.
