Q:

A person whose registration has been revoked by an Administrator due to a felony conviction of a securities-related crime within the last 10 years is prohibited from registration as:

I. Broker-dealer principal
II. Sales representative
III. Investment adviser
IV. Investment adviser representative
a) I, II, III & IV
b) III & IV
c) I & II
d) II only

A:
The correct answer is a.
The Administrator may suspend, deny or revoke registration in any capacity if the person has such a conviction by the Administrator of that state or any other.

MORE FAQS

  1. Under the Uniform Securities Act, the Administration is empowered to perform which of the following ...

  2. Under the Uniform Securities Act, registration with the Administrator as an investment adviser is required ...

  3. If a sales representative moves from one broker-dealer to another ...

  4. Federal covered securities are subject to which of the following requirements ...

  5. Which of the following signatures are required on a client’s new account form ...

  6. Which statements about common shareholder rights are FALSE? I. A shareholder may exchange shares to ...

  7. Which of the following are not types of open-end management investment companies ...

  8. Sherry just began work with JumboProfits Brokerage in Spokane and is going through the process of registering ...

  9. Which of the following are tools that are employed by the Federal Reserve in its efforts to control the money supply?

  10. Which of the following statements is (are) true with respect to setting the proper constraints in managing ...

  11. Under the Telephone Consumer Act of 1991, a telemarketer must provide which of the following to a called ...

  12. A margin account has a long market value of $12,000, a debit balance of -$6,000 ...

  13. Which of the following statements is (are) true with respect to the calculation of returns of composites ...

  14. ABC Broker-dealer has no office in state and transacts fewer than five trades during a 12-month period

  15. Which TWO statements are TRUE about writing covered calls? I ...

  16. How can I fund A Roth IRA if my income is too high to make direct contributions?

  17. Are my Social Security benefits reduced if I receive extra pensions from different sources?

  18. What's the average salary of a market research analyst?

  19. What is the Difference Between Operating Income and Net Income?

  20. How does my spousal Social Security benefit work?

RELATED FAQS

  1. Under the Uniform Securities Act, the Administration is empowered to perform which ...

    The correct answer is a. The Administrator does have the power to subpoena records and obtain an injunction. Also, a sales ...
  2. Under the Uniform Securities Act, registration with the Administrator as an investment ...

    The correct answer is c. I is incorrect, since broker-dealers or their agents who don’t receive a fee for making investment ...
  3. If a sales representative moves from one broker-dealer to another ...

    The correct answer is b. I, II and III are correct since all parties are required to notify the Administrator.
  4. Federal covered securities are subject to which of the following requirements ... ...

    The correct answer is b. Federal covered securities are subject to only federal registration with the SEC and do not have ...
  5. Which of the following signatures are required on a client’s new account form ... ...

    The correct answer is B. While local practices of a broker-dealer might require the client to sign the form, even when opening ...
  6. Which statements about common shareholder rights are FALSE? I. A shareholder may ...

    The correct answer is a. I should be the the other way around: convertible bond holders can exchange their bonds for shares. ...
RELATED TERMS
  1. Piggyback Registration Rights

    A form of registration rights that grants the investor the right ...
  2. Revoked IRA

    An IRA holder may revoke an IRA within the 7 days after the IRA ...
  3. SEC Form SP15D2

    A form that concerns the filing of a special financial report ...
  4. Small Corporate Offering Registration - SCOR

    A form of corporate securities registration designed to reduce ...
  5. Letter Of Comment

    A letter from the Securities and Exchange Commission that is ...
  6. Shelf Registration

    A regulation that a corporation can evoke to comply with U.S. ...
Hot Definitions
  1. Bond Ladder

    A portfolio of fixed-income securities in which each security has a significantly different maturity date. The purpose of ...
  2. Duration

    A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. ...
  3. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
  4. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
  5. Front Running

    The unethical practice of a broker trading an equity based on information from the analyst department before his or her clients ...
  6. After-Hours Trading - AHT

    Trading after regular trading hours on the major exchanges. The increasing popularity of electronic communication networks ...
Trading Center