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Questions and Answers
Seabird Securities does not have any firm policies regarding borrowing or lending arrangements between associated persons and customers. Under which of the following circumstances would a registered representative be allowed to borrow from a customer?
Seabird Securities does not have any firm policies regarding borrowing or lending arrangements between associated persons and customers. Under which of the following circumstances would a registered representative be allowed to borrow from a customer?
- Borrowing from his Uncle Joe
- Borrowing from Dustin, his college buddy
- Under no circumstance (correct)
- Borrowing from Dr. DuVall, his optometrist
Which of the following customers is of special concern for potential exploitation?
Which of the following customers is of special concern for potential exploitation?
- Philip Johansen, age 70 (correct)
- Tia Roberts, age 60
- Tony Gating, age 30, known to be irresponsible
- Bruce Henning, age 55, going through a midlife crisis
The receptionist at a broker-dealer opens all incoming mail and forwards it to various departments and people of the firm. Which of the following statements are true?
I. The receptionist must be fingerprinted.
II. The receptionist need not be fingerprinted
Ill.The receptionist must be registered with FINRA.
IV. The receptionist need not be registered with FINRA.
The receptionist at a broker-dealer opens all incoming mail and forwards it to various departments and people of the firm. Which of the following statements are true? I. The receptionist must be fingerprinted. II. The receptionist need not be fingerprinted Ill.The receptionist must be registered with FINRA. IV. The receptionist need not be registered with FINRA.
- I and III
- land IV (correct)
- Il and III
- Il and IV
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