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NEW QUESTION: 1
Mr. Shortfall placed a market order to buy 100 shares of Google (GOOG) with GetErDone Broker-Dealers.
The market order was executed at $530 a share. In accordance with Regulation T:
A. GetErDone can request an extension from FINRA or another SRO for Mr. Shortfall if he is unable to
pay for the shares within 5 business days.
B. Mr. Shortfall must pay for the purchased shares within 3 business days.
C. Mr. Shortfall must pay for the purchased shares within 5 business days.
D. Both B and C are true statements.
Answer: D
Explanation:
After his market order to buy shares of GOOG is executed, Mr. Shortfall must pay for the
shares within 5 business days. If he is unable to do so within this time period, GetErDone can request an
extension from FINRA or another SRO for him.
NEW QUESTION: 2
CORRECT TEXT
Know quotas as related to individual reps - choose 2 answers:
A. %of quota attained bysalesmen
B. Quarterly forecast summary by rep
Answer: A,B
NEW QUESTION: 3
Which one of the following is an additional duty of trust department?
A. Dividends Reinvestment Agent
B. Stock Registrar
C. Bond Registrar
D. All of the above
Answer: D
NEW QUESTION: 4
Once a sharing rule has been created to share Account records with Public Group A with read/write access to the shared accounts, then this sharing rule can be modified to share the Account records with Public Group B with read-only access.
A. False
B. True
Answer: A
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