RegulationsCâu 56 / 110
Which of the following would most likely be viewed as a prohibited practice by a registered representative?
a.Depositing a customer's check into the representative's own bank account overnight before forwarding it
b.Recommending a Class A purchase at a breakpoint the customer qualifies for
c.Sending a customer a copy of the fund's current prospectus
d.Documenting a customer's risk tolerance before a recommendation
Giải thích
Commingling customer funds with a representative's personal funds, even briefly, is a serious violation and can constitute conversion. Recommending a breakpoint-qualified purchase, delivering a prospectus, and documenting risk tolerance are all required or encouraged practices. Customer checks must be forwarded promptly to the firm.
Trích dẫn luật: FINRA RulesLuyện miễn phí toàn bộ 110 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A customer is nervous about market volatility and the representative offers to personally reimburse any losses in the first year. This offer is:
- A registered representative may share in the profits and losses of a customer's account only if:
- A representative tells a prospect, "Buy this fund before Friday's record date so you get the $0.40 per share distribution for free." This statement is:
- Under FINRA's communications rules, a written message distributed to more than 25 retail investors within any 30 calendar-day period is classified as:
- A representative emails an identical market update to 18 individual retail clients in one month. This communication is categorized as:
- An institutional communication is one distributed exclusively to:
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