Zach Taylor
Test por , creado hace más de 1 año

Quiz on Series 6, created by Zach Taylor on 03/08/2016.

19
0
0
Zach Taylor
Creado por Zach Taylor hace más de 8 años
Cerrar

Series 6

Pregunta 1 de 36

1

Which of the following statements is true regarding separate accounts and general accounts?

Selecciona una de las siguientes respuestas posibles:

  • both types of accounts are registered under the Investment Company Act of 1940

  • both types of accounts pay a guaranteed minimum return

  • the sub accounts of variable annuity may include both types of accounts

  • General accounts hold bonds while separate accounts hold equities

Explicación

Pregunta 2 de 36

1

The method of determining the offering price of an open-end investment company is

Selecciona una de las siguientes respuestas posibles:

  • shown in the prospectus

  • set by the SEC

  • the net asset value plus commission costs

  • based upon the supply and demand for securities

Explicación

Pregunta 3 de 36

1

Which of the following is most likely to cause the nav of a bond mutual fund to decline?

Selecciona una de las siguientes respuestas posibles:

  • the FED tightens the money supply

  • inflation decreases

  • the S&P 500 Index Rises at a 6% annual rate

  • the treasury Department Dotrice is the amount of treasury bills being issued

Explicación

Pregunta 4 de 36

1

Upon examining the prospectus of an open-end investment company, you notice that the net investment income increased at a greater rate than did the gross investment income. From this fact you may assume that

Selecciona una de las siguientes respuestas posibles:

  • there was an increase in the shares outstanding

  • the fund retained most of its dividend income for that period

  • the fund invested in growth companies stocks that are characterized as paying a low rate of dividends

  • the expenses of the fund increased at a lower rate over that period

Explicación

Pregunta 5 de 36

1

What is covered by the code of procedure?

Selecciona una de las siguientes respuestas posibles:

  • just and Equitable business conduct and Equitable principles of trade

  • standardization of trading practices in the OTC market among members

  • complaints involving Trade Practices of members

  • anti-fraud measures involving new issues

Explicación

Pregunta 6 de 36

1

If the current dividend distribution of a company's common stock has increased by 7%, while the market price has increased by 9%, the current yield of this stock has

Selecciona una de las siguientes respuestas posibles:

  • increased

  • decreased

  • remained the same

  • fluctuated greatly

Explicación

Pregunta 7 de 36

1

Which of the following terms could be applied to a mutual fund that does not charge a front-end load or a contingent deferred sales charge, but which does have a 12b - 1 fee of 1%?

Selecciona una de las siguientes respuestas posibles:

  • no load

  • level load

  • spread load

  • directly marketed fund

Explicación

Pregunta 8 de 36

1

An insurance company May override a variable life policy holders right to
I. Vote to change the investment policies of the separate account
I I. Receive a proxy, if available
Iii. Reject the selection of an investment adviser to the separate account

Selecciona una de las siguientes respuestas posibles:

  • I only

  • 2 and 3 only

  • one two and three

  • none of the above

Explicación

Pregunta 9 de 36

1

When examining the bid and ask quotations of two over-the-counter stocks that you follow, you notice that the spreads between their bid and ask prices are dramatically different. From this, you could probably assume that

Selecciona una de las siguientes respuestas posibles:

  • the stock with the narrower spread is more active than the stock with the wider spread

  • the stock with the wider spread is more active than the stock with the narrower spread

  • the stock with the wider spread will always be less expensive in the long run

  • no conclusion can be drawn from this information

Explicación

Pregunta 10 de 36

1

Which of the following is not a characteristic of an exchange?

Selecciona una de las siguientes respuestas posibles:

  • set standards for Securities that trade on it

  • provides a place for buyer and sellers of Securities to meet

  • is the market where investors usually buy and sell mutual funds

  • must comply with SEC rules

Explicación

Pregunta 11 de 36

1

The net investment income from an open-end investment company consist of

Selecciona una de las siguientes respuestas posibles:

  • all profits from the investment companies operation

  • dividends, interest, and net capital gains on sales of portfolio securities

  • only net capital gains on sales of portfolio securities

  • only net income from dividends and interest paid on Securities in the fund's portfolio

Explicación

Pregunta 12 de 36

1

Someone is interested in international investing. The RR send the prospect a prospectus for an international Equity Fund. Which of the following May the RR do in order to help the client understand that the risks of the fund?

Selecciona una de las siguientes respuestas posibles:

  • highlight the relevant sections of the prospectus

  • create a short summary of the funds risk and give it to the client

  • provide the client with supplemental sales literature about the fund

  • tell the client to ignore the prospectus and read the statement of additional information instead

Explicación

Pregunta 13 de 36

1

An investor wishes to establish a tax loss but still wants to own the same security. The customer sells the security at a loss and repurchase is it two weeks later. The tax loss is

Selecciona una de las siguientes respuestas posibles:

  • established

  • recognized

  • disallowed

  • amortized

Explicación

Pregunta 14 de 36

1

The rep has prepared a script and a slide presentation for a seminar. She will also hand out a brochure created by her firm and a prospectus for the funds. And this situation all of the following should be filed with finra except

Selecciona una de las siguientes respuestas posibles:

  • the script

  • the slide presentation

  • the prospectus

  • the brochure

Explicación

Pregunta 15 de 36

1

Which of the following statements is true of both common and preferred stocks?

Selecciona una de las siguientes respuestas posibles:

  • both have a fixed dividend

  • the board of directors must declare the dividends for both

  • both are guaranteed to receive an annual dividend

  • both have an equal vote on corporate issues

Explicación

Pregunta 16 de 36

1

Which of the following employment activities would RRs not have to report to their employing broker-dealer

Selecciona una de las siguientes respuestas posibles:

  • , part-time employment as a bartender

  • participating as a silent partner in a relative's business

  • acting as the manager of a sporting good store on the weekends

  • operating an internet business from home as a sole proprietor

Explicación

Pregunta 17 de 36

1

When making a recommendation of a high-risk mutual fund to a customer, which of the following is least important?

Selecciona una de las siguientes respuestas posibles:

  • financial status

  • tax status

  • investment objectives

  • ability to sustain a large loss

Explicación

Pregunta 18 de 36

1

Which of the following is a municipal Bond? Back by the full faith and credit of the issuer?

Selecciona una de las siguientes respuestas posibles:

  • debenture

  • a revenue Bond

  • GO Bond

  • an income bond

Explicación

Pregunta 19 de 36

1

The cash value of a variable life insurance policy is calculated

Selecciona una de las siguientes respuestas posibles:

  • daily

  • weekly

  • monthly

  • annually

Explicación

Pregunta 20 de 36

1

An investor who writes a check on a mutual fund account is

Selecciona una de las siguientes respuestas posibles:

  • borrowing money from a bank

  • drawing on a cash deposit

  • redeeming mutual fund shares

  • using a revolving charge facility

Explicación

Pregunta 21 de 36

1

An investor has been investing $100 a month and a contractual plan that has a 50% sales charge in the first year and a 4% sales charge per year after the first. What is the total amount of sales charge paid during the first 17 months?

Selecciona una de las siguientes respuestas posibles:

  • $93

  • $450

  • $600

  • $620

Explicación

Pregunta 22 de 36

1

Which of the following investment companies will not charge a management fee?

Selecciona una de las siguientes respuestas posibles:

  • open-end investment companies

  • closed-end investment companies

  • face amount certificate companies

  • unit Investment trusts

Explicación

Pregunta 23 de 36

1

Which of the following would be found in a mutual fund prospectus?

Selecciona una de las siguientes respuestas posibles:

  • a list of Securities in the fund's portfolio

  • the phone's current nav

  • a description of the management fee

  • a balance sheet

Explicación

Pregunta 24 de 36

1

An individual invest $400 per month into a front-end load contractual plan for 12 months and now wishes to terminate the plan. How much would the individual receive upon termination of the plan?

Selecciona una de las siguientes respuestas posibles:

  • the total amount invested

  • the value of the account plus the sales charge

  • the value of the account plus a portion of the sales charge

  • nothing

Explicación

Pregunta 25 de 36

1

One Prime objective objective of the Investment Company Act of 1940 is to

Selecciona una de las siguientes respuestas posibles:

  • ensure that practices on stock exchanges are similar throughout the country

  • control the OTC market and prevent another market crash

  • ensure that individual investors are provided with full and fair disclosure regarding securities

  • ensure that individuals investing in investment company shares are fully informed and fairly treated

Explicación

Pregunta 26 de 36

1

The value of an Investor's interest in a variable annuity during the accumulation period it's subject to fluctuation according to the

Selecciona una o más de las siguientes respuestas posibles:

  • AIR

  • amount of money deposited

  • performance of the separate account

Explicación

Pregunta 27 de 36

1

A company declares dividend, payable on June 5th to stockholders of record on May 20th. An investor who buys the stock and a regular way transaction on Tuesday, May 19th

Selecciona una de las siguientes respuestas posibles:

  • is entitled to the dividend

  • is not entitled to the dividend because the stock is already selling ex-dividend

  • is entitled to a due bill

  • cannot settle the trade until June 5th

Explicación

Pregunta 28 de 36

1

The Johnsons want to purchase life insurance that will provide the potential for appreciation of future benefits, but are uncertain how much to purchase due to the unpredictable nature of Alan's income. Which of the following is the most appropriate

Selecciona una de las siguientes respuestas posibles:

  • whole life insurance

  • variable life insurance

  • universal life insurance

  • variable universal life insurance

Explicación

Pregunta 29 de 36

1

A method of voting that gives larger substantial stockholders a greater degree of voting power over the smaller, less substantial stockholders would be

Selecciona una de las siguientes respuestas posibles:

  • statutory voting

  • cumulative

  • voting by proxy

  • special majority voting

Explicación

Pregunta 30 de 36

1

And uncle is a custodian for his minor nephews account. The nephew receives rights to subscribe to additional shares of stock held in the account. As custodian, the uncle can

Selecciona una o más de las siguientes respuestas posibles:

  • sell the rights

  • subscribe to the stock offering

  • buy additional rides to subscribe if additional rights are needed

  • do whatever he considers to be in the best interest of the minor

Explicación

Pregunta 31 de 36

1

An open-end investment company with the objective of growth wishes to change its investment objectives to growth and income. This may be done with

Selecciona una de las siguientes respuestas posibles:

  • a majority vote of outstanding shares

  • a majority vote of the outstanding shareholders

  • at least 90% consent of the outstanding shareholders

  • the unanimous vote of the board of directors

Explicación

Pregunta 32 de 36

1

If a customer has been refused an extension after 5 business days and has not paid for stock, and member firm

Selecciona una de las siguientes respuestas posibles:

  • must cancel or otherwise liquidate the transaction by selling out the Securities promptly

  • must Sue the customer for the money

  • May Grant an extension if the member Deans the customer to be reliable

  • must close the customer's account

Explicación

Pregunta 33 de 36

1

An investor who is studying various funds Holdings is interested in an equity income fund. The investor would most likely choose a fun holding Securities of

Selecciona una de las siguientes respuestas posibles:

  • companies that consistently an above average income

  • companies with a liberal payout ratios

  • growth companies

  • companies whose bonds are rated investment grade

Explicación

Pregunta 34 de 36

1

The management fee that a mutual fund pays to its investment advisor is

Selecciona una de las siguientes respuestas posibles:

  • based on the amount of assets under management

  • part of the acquisition cost the purchaser must pay

  • a cost to the sponsor of the fund

  • a non-recurring expense of the sponsor

Explicación

Pregunta 35 de 36

1

A US Government Bond is selling in the Market at 95.28. The dollar value of this bond is

Selecciona una de las siguientes respuestas posibles:

  • $950.87

  • $952.80

  • $958.75

  • $9,587.50

Explicación

Pregunta 36 de 36

1

The customer receives a confirmation for a Securities transaction. The confirmation discloses that the broker-dealer acted in the capacity of a dealer. This means the firm acted

Selecciona una de las siguientes respuestas posibles:

  • agent

  • intermediary

  • principal

  • broker

Explicación

Anterior
Siguiente