of the following are unethical behaviors prohibited
under the Uniform Securities Act EXCEPT:
a) Deliberately failing to follow a client’s instructions
b) Executing a trade that the sales representative believes to be unsuitable at the client’s orders
c) Telling a client that the investment adviser is registered and therefore has been approved by the state Administrator
d) Failing to tell a client that making trades recommended by the investment adviser will subject them to a large tax liability
The correct answer is b.
All registrants must follow the client’s instructions, including executing a trade that the registrant believes is not suitable. It would only be unethical if the registrant had recommended the inappropriate trade. Also, neither an investment adviser nor a sales representative may imply that registration by the Administrator means that they are “approved” by the Administrator.
The correct answer is d. The value of a zero coupon bond is the present value of the lump-sum principal payment. There is ...
The correct answer is: b) Return on Assets = NI/Sales = Sales/Assets x NI/Sales
The correct answer is: A) Under the capitalized lease method, the lessee must treat the asset as if it was purchased with ...
The correct answer is: d) (I) is incorrect because if interest rates are expected to rise, banks will generally "increase" ...
A examination to ensure a candidate is qualified to become a ...
A person who prepares investigative reports on equity securities. ...
An exam required for individuals seeking to engage in off-exchange ...
One who provides financial advice or guidance to customers for ...
An exam offered by the Financial Industry Regulatory Authority ...
An exam given by the Financial Industry Regulatory Authority ...