An IAR has recommended an equity-indexed annuity which contains a provision that should the referenced index gain greater than a 12% threshold , the client’s account will not be given credit for more than a 9.0% gain.  Which of the following terms best describes this arrangement?

When an IA or IAR has concluded that the stock market is going to enter a prolonged period of decline, which of the below would likely be the best way to protect client equity portfolios against the decline should their conclusion be correct?

A client is interested in building an income-oriented portfolio.  Select from the following choices which one or ones would be appropriate:

I. Preferred stocks and intermediate to long term bonds

II. common stocks with betas above 1.0

III. Slow-growth or no-growth stocks

IV. Covered call writing strategy on NYSE-listed stocks

In a number of situations, an IA is required to disclose its investments in securities to clients, which would include

I. When the IA is long stock in its proprietary account while a number of clients are also long that stock in their portfolios

II. The IA intends to sell stock to clients from the IA’s own account

III. The IA has substantial positions in high risk securities which it considers unsuitable for any of its clients

IV. The IA wishes to offer performance-oriented compensation arrangements to clients who qualify under the SEC’s wealth test

With respect to investing in options, clients should understand each of the following aspects of options with the exception of:

A Trustee of a trust is generally concerned about numerous elements regarding the assets under the trust agreement.  As a fiduciary, the Trustee would no about be concerned about each of the following items with exception of the

Choose from the below investment strategies which would be most appropriate for a By-pass Trust?

Your clients are a long time married couple in their late 60’s who are both still gainfully employed and have asked you for your advice on setting up a retirement plan to enable additional savings for their future retirement.  They both have 401k plans where they work and have not yet begun withdrawals but are aware that soon, withdrawals will be mandatory subject to IRS penalties for failure to do so.  You suggest which of the below?

When a client indicates they wish to invest in a non-Nasdaq stock, among the considerations of an IAR with respect to equities in that space would include:

From the following choices, which would most likely represent the one with the highest degree of Regulatory risk?