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Question 1 of 10
A client of yours with a conservative level of tolerance for systematic risk and a fairly long time horizon has indicated that she would prefer to avoid substantial portfolio turnover. Your suitable recommendation would most likely be:
Question 2 of 10
When comparing a broker-dealer and an investment advisor, which of these statements is most accurate?
Question 3 of 10
An agent of a broker-dealer may borrow money from all of the below except:
Question 4 of 10
Mr. Watney has placed a buy order for 1000 shares of ABC at the market. The execution price was $42 in his cash account on Wednesday, February 4th. If he fails to make payment by Monday, February 9th, the most likely consequence will be:
Question 5 of 10
The recommended way to handle a conflict of interest between a member firm and one of its customers in a proposed transaction or set of transactions is to:
Question 6 of 10
Mrs. Ko’s portfolio has an aggressive bias towards growth stocks. As such, its beta is 1.4 and she is concerned about downside exposure due to overall market risk over the near term. The S&P 500 Index is currently at 2000.00 and her portfolio has a current market value of $1,000,000. Which of the following recommendations would provide the best hedge?
Question 7 of 10
A wrap account is most appropriate:
Question 8 of 10
All member broker-dealers are required to comply with the USA Patriot Act and related protective regulations. At the time of account opening, individuals filling out a new account form must supply certain information which will enable which of the following agencies to verify they are not on the list of known money launderers, terrorists or others deemed ineligible to open an account at a financial institution?
Question 9 of 10
Your customer Mr. Furyk has expressed an interest in adding technology stocks to his portfolio. He informs you that he likes ABC Technology, Inc. and has instructed you to buy it when you think the time and price are right and to buy as much of it as you believe is reasonable when considering his portfolio mix and investment objectives.
Which of the following is true regarding this situation?
Question 10 of 10
Which of the below statements is/are not untrue regarding a Roth IRA?
The maximum contribution below age 50 is $6,000
Withdrawals must begin by April 1 of the year after attainment of age 70½
Anyone with earned income may open a Roth IRA
Withdrawals after age 59½ are taxable as ordinary income only to the extent they exceed the original principal/cost basis
