State Regulations Governing Broker Dealers And Agents Flashcards

You may prefer our related Brainscape-certified flashcards:
1
Q

Broker dealers are required to keep a copy of all orders, except:

A

Orders to subscribe to a rights offering

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

True or false: all email must be reviewed and approved by the broker-dealer

A

True

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

True or false: all email must be reviewed and approved by the principal.

A

False

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

T or F: A non-registered agent of a broker-dealer can sell CDs

A

True

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

T or F: A non-registered agent of a broker-dealer can sell Fixed Annuities.

A

False

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

True or false: A surety bond is not required if the broker-dealer does not take custody of client funds or securities.

A

False. To register as a broker-dealer, surety bond must be posted typically $10,000.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

True or false: A surety bond is not required if the broker-dealer has more capital than the surety bond amount.

A

True

How well did you know this?
1
Not at all
2
3
4
5
Perfectly