Final 6

Question 1

Can examinations given by the administrator be witten or oral?

Answer 1

both

Question 2

What is the time frame for exercising a right of rescission?

Answer 2

30 days

Question 3

For taking custody considerations is it 3 business days or 3 calendar days?

Answer 3

3 business dasy

Question 4

Does the advisor have to notify the administrator that he will take custody of customer securities?

Answer 4

yes

Question 5

When does NASAA require the margin document to be signed and returned?

Answer 5

promptly after initial transaction

Question 6

Do states limit contributions to 529 plans? Does the Fed government?

Answer 6

Yes; No

Question 7

how long does NASAA reguire advertisement records be kept?

Answer 7

5 years

Question 8

Are trustees considered to have custody of client funds?

Answer 8

Yes

Question 9

Is preferred stock affected by interest rate risk?

Answer 9

Yes

Question 10

Are exempt securities subject to the Uniform Securities Act advertising filing requirements?

Answer 10

No

Question 11

How do states treat private placements different than the feds?

Answer 11

State - no commission, no more than 10, no advertisign

Fed - yes commission, max 35 accreddited investors, no advertising

Question 12

What form must be filed with SEC to claim a private placement exemption?

Answer 12

Form D`

Question 13

If an agent withdraws their registration, how long does administtrator keep jurisdiction?

Answer 13

1 year

Question 14

Are securities attorneys required to register under the act of 1934?

Answer 14

no