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A person whose registration has been revoked by an Administrator due to a felony conviction of a securities-related crime within the last 10 years is prohibited from registration as: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. Federal covered securities are subject to which of the following requirements ...

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

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

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

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

  16. Are dividends the best way to make money for retirement?

  17. How many attempts at each CFA exam is a candidate permitted?

  18. What's the average salary of a financial advisor?

  19. Why is Hong Kong considered a tax haven?

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. 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 ...
  4. 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.
  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. Fiduciary

    A fiduciary is a person who acts on behalf of another person, or persons to manage assets.
  2. Demonetization

    Demonetization is the act of stripping a currency unit of its status as legal tender and is necessary whenever there is a ...
  3. Investment

    An asset or item that is purchased with the hope that it will generate income or appreciate in the future. In an economic ...
  4. Redlining

    The unethical practice whereby financial institutions make it extremely difficult or impossible for residents of poor inner-city ...
  5. Nonfarm Payroll

    A statistic researched, recorded and reported by the U.S. Bureau of Labor Statistics intended to represent the total number ...
  6. Conflict Theory

    A theory propounded by Karl Marx that claims society is in a state of perpetual conflict due to competition for limited resources. ...
Trading Center