Updates to the Form U-4 such as a change in address, and that do not point to disciplinary action must be made promptly but no later than... - CORRECT ANSWER 30 days
Passive investments do not fall under the definition of an outside business activity. which of the following investments ...
SIE UNIT 4 2024-2025 QUESTIONS WITH
VERIFIED SOLUTIONS
Updates to the Form U-4 such as a change in address, and that do not point to
disciplinary action must be made promptly but no later than... - CORRECT ANSWER
30 days
Passive investments do not fall under the definition of an outside business activity. which
of the following investments would be considered a passive investment? - CORRECT
ANSWER limited partnership unit
Those persons employed by a FINRA registered broker-dealer to do nothing other than
provide training for its associated persons... - CORRECT ANSWER must be
registered as a principal
An amended Form U-5 must be filed and a copy sent to the former employee within how
many days of discovery of the inaccuracy? - CORRECT ANSWER 30
Someone responsible only for training associated persons at a FINRA member firm... -
CORRECT ANSWER must be registered as a principal of the firm
A municipal securities dealer has just made a contribution to the mayor's reelection
campaign. How long must the firm wait before it can enter competitive bids on proposed
bond issues by the city? - CORRECT ANSWER no waiting period
Joe Jonas, a registered representative with Foxtail Advisors, has received an adverse
ruling from a FINRA Department of Enforcement Hearing. He believes the DOE has
,SIE UNIT 4 2024-2025 QUESTIONS WITH
VERIFIED SOLUTIONS
misapplied a rule and wants to appeal the decision. He would file his appeal with... -
CORRECT ANSWER The National Adjudicatory Council (NAC)
When a registered person leaves the Securities business, FINRA retains jurisdiction over
that person for how long? - CORRECT ANSWER 2 years
If a registered representative is involved in a securities transaction outside the scope of
employment with the firm, a practice known as "selling away", and will receive
compensation for it, which of the following must see that the representative is properly
supervised for the transaction? - CORRECT ANSWER the employing firm
Accusations of FINRA conduct rule violations will be heard and handled under the... -
CORRECT ANSWER Code of Procedure
All of the following statements about a home office are TRUE EXCEPT... - CORRECT
ANSWER home offices are restricted to servicing existing customers only
All of the following statements about a home office are TRUE... - CORRECT ANSWER
-the member firm must authorize the representative to open a home office
-a home office is subject to a premise visit & review by principals of the firm and FINRA
examiners
-a home office may be widely advertised as a place of business
,SIE UNIT 4 2024-2025 QUESTIONS WITH
VERIFIED SOLUTIONS
All associated persons must be fingerprinted if they handle... - CORRECT ANSWER
cash and securities
Which of the following is TRUE regarding a registered person who wishes to move from
one broker-dealer to another? - CORRECT ANSWER in no circumstances can a
registration be transferred from one firm to another
A written customer complaint has been received by a broker-dealer, alleging that the
customer's signature was forged on a document. The broker-dealer must report this to
FINRA... - CORRECT ANSWER promptly but no later than 30 calendar days
One of the FINRA conduct rules is concerned with private securities transactions. Under
that rule, it would be CORRECT to state that... - CORRECT ANSWER -if the member
approves the registered representative participating in a transaction for compensation, it
must treat the transaction as if it is being done on its own behalf by entering the
transaction on its own books and supervising the associated person during the
transaction
-if the member disapproves the registered representative's participation in a transaction
for compensation, the associated person may not participate in it
Regarding registered representatives working from their residence, commonly known as
their "home office", all of the following would be TRUE EXCEPT... - CORRECT ANSWER
prospects would not be allowed to visit and be on the premises at this location
, SIE UNIT 4 2024-2025 QUESTIONS WITH
VERIFIED SOLUTIONS
Regarding registered representatives working from their residence, commonly known as
their "home office", all of the following would be TRUE... - CORRECT ANSWER -the
office would be subject to a premise visit and review by a principal of the firm
-the office is subject to a premise visit by FINRA examiners as often as they see fit
-home office address and telephone numbers may be used for normal advertising
purposes
An investment company wishes to provide incentives for registered representatives of
several broker-dealer firms to sell their investment products. The company proposes to
send some selected representatives to a sales training seminar. Which of the following
would be acceptable features of the trip? - CORRECT ANSWER -there is an
incidental tour the representatives may attend at their own expense
-the representatives must obtain their employing firm's permission to attend
When a new associated person is hired at a broker-dealer firm, which of the following is
responsible for seeing that Form U-4 is completed and filed? - CORRECT ANSWER
the employing broker-dealer firm
Which of the following violates the FINRA conduct rules? - CORRECT ANSWER
allowing a former registered representative to keep a securities license with your firm,
even though no business is expected to transpire
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