FINRA Uniform Securities Agent State Law Examination Series63 Prüfungsfragen mit Lösungen:

1. BondsRUs is a broker-dealer that (unsurprisingly) specializes in bonds. The firm has found that it is able to sell Treasury bonds that it buys for $90 per $100 of par value for $99 per $100 of par value to some of its more naive clients, who never pay attention to the confirmation statements BondsRUs sends them. BondsRUs is guilty of

A) fraud.
B) both B and C.
C) overcharging its clients by unreasonable markups. A $9 dealer's spread on Treasury bonds is unwarranted.
D) nothing. It is acting as a dealer in bonds and, as such, can charge its clients whatever the clients are willing to pay.

2. You have recently discovered that a security you purchased has not been registered with the state, nor is it exempt from registration. You can file a civil claim against the seller as long as you do so within

A) one year from discovery.
B) three years from discovery or five years from the event, whichever comes first.
C) two years from discovery or three years from the event, whichever comes first.
D) five years.

3. Ms. Connie Fused sent her investment adviser a check, payable to a mutual fund that he had recommended to her.
What must the adviser do in order to avoid being considered the custodian of this account and, thereby, subject to some strict requirements, including a higher minimum net capital?

A) He needs to forward the check to the mutual fund within 24 hours.
B) He needs both to forward the check within 24 hours and to obtain a written statement from Ms. Fused.
C) He needs to get a written statement from Ms. Fused, addressed to the state Administrator, indicating it was her mistake.
D) He needs to forward the check to the mutual fund within 3 days.

4. Which of the following laws deals with identity theft protection?

A) Regulation S-P
B) the USA Patriot Act
C) ERISA
D) the Bank Secrecy Act (BSA)

5. Which of the following statements regarding an investment adviser representative who has an office in the state is true?

A) Regardless of whether the investment adviser is registered with the SEC or is registered with the state, all investment adviser representatives of the firm must be registered with the state if they have offices in the state.
B) If the investment adviser that the investment adviser representative is affiliated with is itself registered with the state, then the investment adviser representative does not need to apply for a separate registration, regardless of whether the investment adviser representative has an office in the state.
C) If the investment adviser is registered with the SEC, then neither the investment adviser nor any of its affiliated investment adviser representative needs to be registered with the state.
D) If an investment adviser representative is registered with the SEC, he or she need not obtain state registration, regardless of whether the investment adviser representative has an office in the state.

Fragen und Antworten: