Lists

Question 1

____ must contain the security name, and order ____

Answer 1

Order tickets, size

Question 2

_____ tickets must also contain if the order is ____ and the ____ of the order

Answer 2

Order, Discretionary, duration

Question 3

When a retail customer buys a long term CD they must be informed that CD’s are subject to ____ risk and that they have a limited _____

Answer 3

Market, secondary market

Question 4

When a retail customer buys a long term CD they must be informed that ___ sales price of CD’s may be ___ than the _____

Answer 4

Prematurity, less, purchase

Question 5

When a retail customer buys a ____ term CD they must be informed that callable CD’s are subject to _____ risk

Answer 5

Long, Reinvestment

Question 6

When a retail customer buys a long term CD they must be informed that the ____ CD yield may not reflect the current _____

Answer 6

Step up/step down, market rate

Question 7

When a retail customer buys a long term CD they must be informed that CD’s are ____ insured only if they are titled in the _____

Answer 7

FDIC, customer’s name

Question 8

MSRB requires additional disclosure for municipal bond transactions which include the ___ of the ____

Answer 8

Name, issuer

Question 9

MSRB requires additional disclosure for municipal bond transactions which include the ___ rate and ____ date

Answer 9

Interest, maturity

Question 10

MSRB requires additional disclosure for municipal bond transactions which include if the bond is ____ and if the bond is a ____ bond

Answer 10

Callable, limited tax GO Bond

Question 11

MSRB requires additional disclosure for municipal bond transactions which include if the bond is a revenue bonds the ____ of the income

Answer 11

Source

Question 12

MSRB requires additional disclosure for municipal bond transactions which include the ___ and ___ price of the transaction

Answer 12

Yield, dollar price

Question 13

For traditional IRA’s, tax penalty can be avoided if withdrawal is for _____ educational expenses, payment of _____ expenses, and permanent ____

Answer 13

Qualified, medical, disability

Question 14

For traditional IRA’s, tax penalty can be avoided if withdrawal is for a first time ____and payment of _____ premiums by an unemployed or self employed personal who has received federal or state aid for ____ months

Answer 14

Home purchase, health insurance, 3 months

Question 15

For traditional IRA’s, tax penalty can be avoided if the ____ occur in substantially equal periodic payments continuously for ___ years

Answer 15

Withdrawals, 5

Question 16

For traditional IRA’s, tax penalty can be avoided if for a person who has a child, can withdraw up to ______

Answer 16

$5000

Question 17

New account info required to be maintained by FINRA includes customer ___ and ____, and whether the customer is of ____

Answer 17

Name, address, legal age

Question 18

New account info required to be maintained by FINRA also includes the name of the _____ who is handling the account, the ____ signature, the ___ signature, and if the customer is a corporation, the ____person who will transact business in the account

Answer 18

Person, principal, rep, Name of

Question 19

Municipal bond confirmations must include ______ date for new issuers

Answer 19

Dated date

Question 20

Municipal bond confirmations must include whether they are ___ or ___ entry

Answer 20

Registered, book entry

Question 21

Municipal bond confirmations must include if the securities are subject to ___ taxation or subject _____ tax

Answer 21

Federal, alternative minimum

Question 22

Municipal bond confirmations must include if the securities have been ____ or pre_____

Answer 22

Called or pre-refunded

Question 23

If the account is for an individual, the broker should make reasonable efforts to obtain the following information before settlement of the first transaction: ___ or ____

Answer 23

SSN, Tax ID

Question 24

If the account is for an individual, the broker should make reasonable efforts to obtain the following information before settlement of the first transaction: _____ of a customer and _____ of the employee

Answer 24

occupation, address

Question 25

If the account is for an individual, the broker should make reasonable efforts to obtain the following information before settlement of the first transaction: Whether the customer is employed by a _____ or _____

Answer 25

Bank or BD

Question 26

If the account is for an individual, the broker should make reasonable efforts to obtain the following information before settlement of the first transaction: Whether the customer is an ____ or _____ at a _____ held company

Answer 26

Officer, Director, publicly

Question 27

If the account is for an individual, the broker should make reasonable efforts to obtain the following information before settlement of the first transaction: Whether it’s a ____ or ____ account

Answer 27

Cash, margin

Question 28

If the account is for an individual, the broker should make reasonable efforts to obtain the following information before settlement of the first transaction: ____ party affiliation, ____

Answer 28

3rd, citizenship

Question 29

For suitability purposes, a reasonable effort must be made to obtain a customer’s ____, ___ experience, ____ tolerance

Answer 29

Age, investment, risk

Question 30

For suitability purposes, a reasonable effort must be made to obtain a customer’s ____ situation and ___

Answer 30

Financial, needs

Question 31

For suitability purposes, a reasonable effort must be made to obtain a customer’s investment time ____ and ____ needs

Answer 31

Horizon, liquidity

Question 32

For suitability purposes, a reasonable effort must be made to obtain a customer’s _____ objectives, and other _____

Answer 32

Investment, holdings

Question 33

For suitability purposes, a reasonable effort must be made to obtain a customer’s estimated annual _______ and ____ status

Answer 33

Annual income, tax

Question 34

FINRA rules to open a portfolio margin account include an amount of/ ___ of ____ equity for individual customers

Answer 34

Minimum, 100,000

Question 35

For suitability purposes, a reasonable effort must be made to obtain a customer’s account must be ____ for _____ writing

Answer 35

Approved, uncovered options

Question 36

For suitability purposes, a reasonable effort must be made for a customer to receive a ____ disclosure document

Answer 36

Portfolio margin risk

Question 37

For suitability purposes, a customer must sign an acknowledgement stating that they have read the _____

Answer 37

Portfolio margin risk disclosure statement

Question 38

Examples of withdrawing funds from defined contribution plan without penalty can occur with payment of ____ expenses

Answer 38

Medical

Question 39

Examples of withdrawing funds from defined contribution plan without penalty can occur when ____ can occur in 5 substantially equal _____

Answer 39

Withdrawals, periodic payments

Question 40

Examples of withdrawing funds from defined contribution plan without penalty can occur with ____ or permanent ____

Answer 40

death, disability

Question 41

Examples of withdrawing funds from defined contribution plan without penalty can occur if ____ is made to an employer after separation from service, as long as the separation occurred during or after the calendar year in which the employee reached age ___

Answer 41

Distribution, 55

Question 42

Examples of withdrawing funds from defined contribution plan without penalty can occur if a person who has a child can withdraw up to _____ from their ____ or ____ without penalty but this must be used within ____ year of the date of birth or adoption, and the 5000 limit applies separately to each parent

Answer 42

5000, 401K, IRA, 1

Question 43

Municipal bond confirmations must include ____ date for ____ issues

Answer 43

Dated, new

Question 44

Municipal bond confirmations must include whether the securities are ____ or _____ entry

Answer 44

Registered, book entry

Question 45

Municipal bond confirmations must include if the securities are subject to ____ taxation or subject to ____tax

Answer 45

Federal, alternative minimum tax

Question 46

Municipal bond confirmations must include if the securities have been ____ or _____

Answer 46

Called, pre-refunded

Question 47

Municipal bond confirmations must include if the bonds are ____ issue discount

Answer 47

Original issue

Question 48

Advance/decline ratio shows ___ sentiment

Answer 48

Market

Question 49

Advance/decline ratio shows number of issues that _____ in price versus number of issues that ____ in price

Answer 49

increased, decreased

Question 50

If you open a margin account, you have to complete the _____form, _____ agreement, _______ consent agreement, and ____ agreement

Answer 50

New account, hypothecation, loan, credit

Question 51

To open an options account the customer must be asked specifically about ____ objective and ___ experience, and estimated _____ income

Answer 51

Investment, investment, annual income

Question 52

To open an options account the customer must be asked specifically about ___ situation, ___ needs, ____ status, ___ worth, and __ worth

Answer 52

Financial, financial, marital, net, liquid net

Question 53

KYC maintains ____ ID, ___ histories and objectives, and source of ____

Answer 53

Customer, investment, Funds

Question 54

Customer ID can be done with a ___ License, ____ registration card, ___ card, ____ issued ID, and ___

Answer 54

Drivers, alien, green, government, passport

Question 55

Advance/decline ratio shows the ____ of the market

Answer 55

Breadth