Q:
Sherry just began work with JumboProfits Brokerage in Spokane and is going through the process of registering as a licensed representative in that state. Which of the following pieces of information is necessary for Sherry to provide?
I. Marital status
II. Employment history
III.Any felony convictions
IV. Her name
V. Any misdemeanor convictions
VI. Her medical history
VII. Financial status and history
a) I, II and IV
b) II, III, IV and VII
c) II, III and V
d) III, IV, V, and VII
e) All of the above
A:
The correct answer is b).
In order to be licensed, a registered representative must provide his or her name, financial status and history, along with any felony convictions. He or she does not need to report a misdemeanor conviction, unless it pertains to securities.

MORE FAQS

  1. A person whose registration has been revoked by an Administrator due to a felony conviction of a securities-related ...

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

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

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

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

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

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

  8. Under the Uniform Securities Act, which of the following are defined as securities ...

  9. Which of the following statements is (are) true with respect to the factors that a manager must take ...

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

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

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

  13. Which of the following deliveries for a 600 share order, broker-dealer to broker-dealer ...

  14. Which of the following, under the NASD Conduct Rules, would constitute a complaint ...

  15. Which statement(s) is/are FALSE about market risk?

  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?

  20. Is smart beta cheaper than hedge funds?

RELATED FAQS

  1. A person whose registration has been revoked by an Administrator due to a felony ...

    The correct answer is a. The Administrator may suspend, deny or revoke registration in any capacity if the person has such ...
  2. 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 ...
  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. Which of the following are not types of open-end management investment companies ...

    The correct answer is d) Hedge funds are extremely aggressive entities that engage in margin and short-selling.  They are ...
  5. Which of the following statements is (are) true with respect to setting the proper ...

    The correct answer is: d) Choice II is incorrect because the longer the investment horizon, the less emphasis must be placed ...
  6. Which of the following are tools that are employed by the Federal Reserve in its ...

    I. Moral suasionII. Changing the discount rateIII. Changing the reserve requirementIV. Changing the prime interest rate A. ...
RELATED TERMS
  1. Registered Representative - RR

    A person who works for a brokerage company that is licensed by ...
  2. Volatility Skew

    The difference in implied volatility (IV) between out-of-the-money, ...
  3. Horizontal Skew

    The difference in implied volatility (IV) across options with ...
  4. Filing Status

    A category that defines the type of tax return form an individual ...
  5. Regulation V

    One of the regulations set forth by the Federal Reserve designed ...
  6. Schedule II Bank

    A bank which is a subsidiary of a foreign bank and authorized ...
Hot Definitions
  1. Down Round

    A round of financing where investors purchase stock from a company at a lower valuation than the valuation placed upon the ...
  2. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  3. Portfolio Investment

    A holding of an asset in a portfolio. A portfolio investment is made with the expectation of earning a return on it. This ...
  4. Treynor Ratio

    A ratio developed by Jack Treynor that measures returns earned in excess of that which could have been earned on a riskless ...
  5. Buyback

    The repurchase of outstanding shares (repurchase) by a company in order to reduce the number of shares on the market. Companies ...
  6. Tax Refund

    A tax refund is a refund on taxes paid to an individual or household when the actual tax liability is less than the amount ...
Trading Center