Laws & RegulationsCâu 88 / 110
An agent (broker-dealer representative) who engages in 'selling away' is doing which of the following?
a.Recommending only securities on an approved list
b.Disclosing all transactions to the employing firm
c.Executing trades exactly as the firm directs
d.Selling securities transactions outside the scope of employment without the firm's knowledge or approval
Giải thích
Selling away occurs when an agent effects private securities transactions outside the employing broker-dealer's supervision and without its knowledge or approval, a prohibited practice. It deprives the firm of oversight and exposes clients to unvetted risks. Agents must conduct approved business through their firm.
Trích dẫn luật: Uniform Securities ActLuyện miễn phí toàn bộ 110 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- An investment adviser's Form ADV Part 2 (the 'brochure') primarily serves which purpose?
- Regarding advisory fees, which arrangement is generally prohibited for most retail advisory clients?
- Under the Uniform Securities Act, which of the following is excluded from the definition of a 'security'?
- An adviser wishing to enter into an agency cross transaction (acting as broker for both sides) must generally do which of the following?
- Under the Uniform Securities Act, the antifraud provisions apply to which persons?
- Which activity constitutes a prohibited misuse of material nonpublic information?
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