Review Questions S6

three, three

-All retail communications and independently prepared reprints must be maintained for ___________ years from the date of last use. -Outgoing electronic securities business correspondence is subject to a _________-year recordkeeping requirement.

Form U4

A _____________ is used to register an associated person of a member firm.

principal

A _______________ must approve retail communication before its use

research report

A ____________________ is a document prepared by an analyst or strategist, typically as part of a research team for an investment bank or broker-dealer.

10 business days

A customer has filed a serious complaint against your firm and is threatening to take the firm to court. When informed that he has signed a predispute arbitration agreement, he demands to see a copy of it. How many days does your firm have to supply the customer with a copy of the signed agreement upon receipt of his request?

30

All awards through the Code of Arbitration Procedure must be made in writing and rendered to the claimant within _____ days

IPR

An ______ consists of any article reprint that meets certain standards designed to ensure that the reprint was issued by an independent publisher (like the Wall Street Journal) and was not materially altered by the member.

mediation

FINRA encourages members in a monetary dispute to attempt to settle the disagreement before entering into arbitration. This process is called ____________________

long, short

Generally speaking, the rule of thumb is that bonds with _______-term maturities will have greater fluctuations in price than will ________-term maturities, given the same move in interest rates

2 years

How long does FINRA retain jurisdiction after the filing of a Form U5 full termination?

4 years

How long must a firm retain a record of a written complaint?

municipal bond fund

If ABC Fund pays regular dividends, offers a high degree of safety of principal, and appeals especially to investors seeking tax advantages, ABC is a

30 days

If a person unsuccessfully attempts the Series 6 exam, how long must they wait after the first attempt before attempting the exam again?

35

In a regulation D offering, the maximum number of non-accredited investors allowed is ____

class C

Investors with a short time horizon most likely will invest in which class of mutual fund shares?

Harry Markowitz

Modern Portfolio Theory was founded by economist ____________________________

NAV

Money market mutual fund shares are always purchased at ______

3

Once validated a carrying firm has ___ business days to complete a transfer.

Department of Enforcement

The ______________________________________ has the authority to issue complaints under the Code of Procedure.

NAV

The open-end investment company share price quote is the _____

retail communications

Websites, whether sponsored by the company itself or set up by an individual registered representative, are considered _________________________________ and are subject to applicable filing and recordkeeping rules.

quarterly

Withdrawn complaints are still included in the ______________ statistical and summary report of complaint submitted to FINRA.

institutional communications

Written communications only available to institutional customers such as banks, insurance companies, and investment companies are classified as ___________________________________-

STRIPS

____________ do not make regular interest payments. Instead, they are sold at a deep discount and mature at par value.

Municipal bonds

____________________ are not appropriate for low-tax-bracket investors

correspondence

communication by exchange of letters