FAQs tagged as

FINRA Exams

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  1. A “normal market” is also called a (an): A) Inverted market b) Carrying charge market ...

  2. Which of the following statements regarding the performance of a mutual fund would ...

  3. Sheila is a registered representative with YTR Investments. One of her clients ... ...

  4. Under the Uniform Securities Act, a broker-dealer is generally required to obtain ...

  5. You invest $1,000 in a mutual fund for two years. The mutual fund earned 25% in ...

  6. In your initial meeting with an investment advisor representative (IAR) ...

  7. Jason Sanborn is a senior-level executive with Beanster Brew, one of the world's ...

  8. A market maker in the stock ABCD has filled a portfolio over time with prices as ...

  9. When a floor broker asks a specialist, “How’s PDQ?” ...

  10. An investor bought a new full faith and credit bond issued by the city of Limrock ...

  11. Which of the following would be considered a short hedge ...

  12. Harry began a front-end load contractual plan, calling for $100 a month for 10 years ...

  13. Under the Uniform Securities Act, federal covered securities include those sold ...

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

  15. Q: Do I need to take the Series 6 examination after I have already successfully completed ...

  16. Mike is a highly compensated employee of XYZ Company, his company has offered him ...

  17. Jane and Fabbio Salvatore have just discovered that a Fabulous Florence municipal ...

  18. In a Corporation's financials, surplus earnings are accounted for as ...

  19. ABC shares are currently trading at $27.00, and they are expected to pay a dividend ...

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

  21. Committing acts against the Commodity Exchange Act can result in fines up to ... ...

  22. Ben is employed by the underwriter of the PCO mutual fund ...

  23. Under the Uniform Securities Act, the registration of an investment adviser results ...

  24. Under the Uniform Securities Act, the Administrator of California may examine the ...

  25. If the government was considering a change in the federal policy on taxation of ...

  26. Margin accounts are established to allow investors the ability to use leverage with ...

  27. Sherry just began work with JumboProfits Brokerage in Spokane and is going through ...

  28. You are expecting interest rates to rise over the next few months ...

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

  30. Which of the following is a horizontal spread? a) Buy 1 FBN Aug 50 Call; Long 1 ...

  31. Sam and Betty are a married couple with two children ...

  32. After a federal covered security has filed notice with the Administrator for an ...

  33. Under the Uniform Securities Act, the statute of limitations for criminal suits ...

  34. Clark recently purchased shares in ABC mutual fund with some funds from the sale ...

  35. In which of the following ways can investor qualify for a breakpoint ...

  36. Which of the following would endure the most negative impact based on rising inflation ...

  37. Laura bought 200 shares of GE at $80 on a 70% margin and received a margin call ...

  38. A corporation, which does virtually all of its business in the state where it has ...

  39. A diagram of yields on debt instruments shows that short-term interest rates are ...

  40. An individual has started investments of $100/month into a spread-load ...

  41. Donald has been putting aside money for his retirement into a Roth IRA for six years.  Although ...

  42. A sales representative solicits and executes a mutual fund trade ...

  43. If ABC corporation, which is listed on the New York Stock Exchange ...

  44. The broadest measure of the activity and movement of the overall stock market can ...

  45. Dennis, a resident of Pennsylvania, bought a U.S. Treasury Bond which pays 7% interest ...

  46. Mandy Edwards owns 100 shares in the PruRock Value Fund. She could use a little ...

  47. Which of the following is true for qualified profit-sharing plans ...

  48. Which of the following terms are associated with the purchase/redemption of open-end ...

  49. A registered representative has been following PDQ stock in the market over the ...

  50. Money laundering has become a specific concern in all legitimate financial institutions ...

  51. When a broker-dealer has decided to provide its registered representatives with ...

  52. Under the Uniform Securities Act, federal covered securities include those sold ...

  53. A sales representative or broker-dealer that violates the Uniform Securities Act ...

  54. Cousin Eddie purchased 250 shares of WES stock for $10,000. One year later ...

  55. Dave, a conservative investor, comes to you for advice on a diversified fixed-income ...

  56. Michael Feinberg sends a memo to his star investment advisor ...

  57. The popular trading system "Instinet" is situated in which of the following markets ...

  58. When a corporation wishes to open a margin account with a broker-dealer ...

  59. When a registered representative opens a new options account for a client ...

  60. Which of the following would be considered “sales literature” under the NASD’s definition ...

  61. Which of the following statements regarding rollovers versus transfers of IRA accounts ...

  62. Under the Uniform Securities Act, registration with the Administrator as an investment ...

  63. Under the Uniform Securities Act, which of the following actions is permitted for ...

  64. Sometimes investment banking firms allocate shares of hot issues to the personal ...

  65. An advisor has all client advisory fees automatically deducted from their accounts ...

  66. Mandy Edwards owns 100 shares in the PruRock Value Fund. She could use a little ...

  67. Which of the following equity trades would appear on the ticker ...

  68. Use the following information about a customer’s margin account to answer the question ...

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

  70. An individual made a lump-sum deposit into a variable annuity of $25,000 ...

  71. An investor with 1,000 shares of the Amazing Growth fund places a redemption order ...

  72. Under the Uniform Securities Act, all of the following are prohibited EXCEPT ... ...

  73. The Administrator issue may issue a stop order for a federal covered security under ...

  74. Your client, Todd, owns 100 shares HAT stock in his taxable stock portfolio ... ...

  75. Your neighbor asks you about Municipal Bonds, you would be correct in telling him ...

  76. When an agent of a broker-dealer begins employment with another broker-dealer ... ...

  77. A person purchases stock XYZ (an Over The Counter stock) from a company who is also ...

  78. During a disastrous trading day on the NYSE, the DJIA is down by 21% (a Level 2 ...

  79. When an investor is watching a proposed corporate merger and buys the stock of the ...

  80. Zero coupon bonds are frequently cited as a popular investment vehicle for education ...

  81. The Shur-Gro variable annuity uses an AIR of 3% for those contract holders who are ...

  82. If an issuer wishes to register a security in the state ...

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

  84. Your firm is a registered investment advisor that specializes in investment management ...

  85. Which of the following best describes American Depository Receipts (ADRs) ...

  86. Tiffany's brother, Jamal, is a new investor but believes that the markets are basically ...

  87. You currently own a mutual fund with a Net Asset Value (NAV) of $11.25 ...

  88. The term “wildcatting” in DPPs is typically used to refer to which of the following ...

  89. Under the Investment Company Act of 1940, which of the following is not a formal ...

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

  91. A registered representative has discovered an article in a major news magazine that ...

  92. Under the Uniform Securities Law, broker-dealers are required to sign a consent ...

  93. Under the Uniform Securities Act, there are anti-fraud provisions that apply to ...

  94. Which of the following statements regarding Real Estate Limited Partnerships (RELPs) ...

  95. By expanding its current broker-dealer business to include financial planning and ...

  96. The general investing public is under the opinion that today's new tech stock is ...

  97. If a person's account is frozen, which of the following activities is allowed ... ...

  98. Under the Telephone Consumer Act of 1991, a telemarketer must provide which of the ...

  99. Just prior to the close of the markets on the final trading day before expiration ...

  100. There are several major factors that make mutual funds attractive investments for ...

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