SIE 3

If no time is specified on a limit order, it will be cancelled if it's not executed by the end of the:

Day

Which of the following statements is TRUE regarding contributions to a 401(k) plan?

Employee participants should be aware of the risk of investing too much in their employer's stock.

The maximum annual contribution a customer is permitted to make to a Roth IRA is:

$6,000

Which of the following choices is an exempt security?

Commercial paper with a maturity of 30 days

Which of the following statements is TRUE regarding preemptive rights?

Common stockholders receive rights.

A customer sells short 100 shares of XYZ at 34. The customer wishes to protect herself against a loss. Which of the following orders will prevent a loss on the short position?

The customer will be exposed to the possibility of loss no matter which of these additional positions or orders is used

AQL stock is currently quoted at 48.50 bid, offered at 48.70. A client purchasing this security will pay:

48.70 plus a commission

An individual may roll over a lump-sum distribution from a corporate pension plan to an IRA without tax consequences if it is done within:

60 days

Purchasing / Selling securities

A client purchasing a security pays the offer (ask) price plus a commission and, when selling a security, receives the bid price minus a commission.

The beneficial owner of stock held in street name is the:

Customer

A registered representative is permitted to contact a person whose name is on the national Do Not Call List:

If the person has provided prior written consent to be contacted

A customer wishes to open an account with a brokerage firm to trade options. The customer provides all the necessary new account information required but refuses to provide financial information. The brokerage firm:

Must record the customer's refusal on its records and use whatever information it can obtain on its own in determining whether it should accept the account for options trading

For an unregistered private placement of a real estate partnership, what document provides investors with the required disclosures?

Offering memorandum

The most detailed financial information regarding a municipal securities issuer is found in the

Official statement

A primary offering of securities is being made for a company listed on the NYSE. Prospectuses must be delivered:

Only on purchases made at the public offering price