SEC Certification Webinar: Equities Securities Salesmen

What is the primary obligation of a registered person in conducting their business activities?

What should a registered person ensure when advising or acting on behalf of a client?

What is the primary purpose of SRC Rule 30.2?

Which of the following is a requirement for customer account statements?

What is the primary purpose of SRC Rule 52.1.9?

What should a broker dealer ensure when providing services to clients?

Which of the following is a requirement for transactions and responsibilities of broker dealers?

What should a registered person ensure when communicating with clients?

What is the primary purpose of SRC Rule 30.2.1?

What should a broker dealer ensure when providing services to clients?

Ethical Standard Rule (SRC Rule 30.2.1)

A registered person must act honestly, fairly, and in the best interest of their clients and the integrity of the market.
Communications with clients must be accurate and not misleading, and must not violate SRC Rule 24.1(d).
Factors to consider when determining if a communication is misleading include:
- Overall context
- Audience
- Overall clarity

Honesty and Fairness

A registered person must ensure that representations or communications made to clients are accurate and not misleading.
They must act in the best interest of their clients and the integrity of the market.
The overall context in which a statement is made must be considered, as a statement may be misleading in one context but not in another.

Diligence

A registered person must act with due skill, care, and diligence in the best interests of their clients and the integrity of the market.
They must:
- Execute client orders promptly and in accordance with client instructions
- Execute client orders on the best available terms in compliance with SRC Rule 30.2.13
- Ensure that transactions are promptly and fairly allocated to client accounts

Other Rules

SRC Rule 30.2 covers transactions and responsibilities of broker-dealers
SRC Rule 52.1.8 covers customer account statements
SRC Rule 30.2.5 covers commissions and charges for services performed by a broker-dealer
SRC Rule 52.1.9 covers customer complaints

This quiz covers topics related to the SEC certification webinar for equities securities salesmen, including communication and audience considerations.