Regulations & ConductCâu 119 / 125
Commingling a customer's funds or securities with the firm's own assets is:
a.Prohibited; customer assets must be properly segregated
b.Permitted with verbal consent
c.Required by FINRA
d.Allowed for margin accounts only
Giải thích
Firms must keep customer funds and fully paid securities segregated from the firm's own assets to protect customers, particularly in the event of firm insolvency. Commingling customer property with firm property is a prohibited practice and violates customer protection rules.
Luyện miễn phí toàn bộ 125 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A Suspicious Activity Report (SAR) is filed by a firm when:
- Which of the following is a prohibited practice for a registered representative?
- 'Churning' refers to:
- The Securities Investor Protection Corporation (SIPC) protects customers by:
- Under FINRA rules, most customer account records and communications must generally be:
- A registered representative who wishes to engage in an outside business activity must:
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