FINRA-General Securities Representative Qualification Examination Set 6

1.

Which of the following is not good delivery on a sale of 470 shares?

47 10-share certificates 4 100-share certificates and one 70-share certificate 8 50-share certificates, one 40-share certificate, and one 30-share certificate 2 100-share certificates and 3 90-share certificates

2.

A NYSE floor member executing an order for a public customer asks the specialist in the stock to guarantee a price while giving the customer an opportunity to obtain a better price. This procedure is known as:

a stop order stopping stock floor protection a special deal

3.

When opening a brokerage account for a customer, a registered representative must determine the customer's:

investment objectives financial resources financial requirements all of the above

4.

Which of the following is not true about brokerage accounts?

in a community property state, a married woman must open a brokerage account with her husband stock purchased in a custodian account may not be purchased on margin or held in bearer form numbered accounts are permissible provided there is a record kept on file at the brokerage firm attesting to the actual ownership if a fiduciary intends to buy stocks in a margin account the trust agreement authorizing the margin transactions must be kept on file at the brokerage firm

5.

Bubba Brokerage Corporation announces through its wire system that it has a large block of stock for sale. Customers purchasing the stock will not pay a commission. The block is crossed on the NYSE floor and is printed on the NYSE tape. This is called a:

special order exchange distribution secondary distribution specialist block purchase

FINRA-General Securities Representative Qualification Examination Set 6

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FINRA-General Securities Representative Qualification Examination Set 6

Congratulations

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COMPANY

Products

OTHERS

Partner