Regulations & ConductCâu 120 / 125
The Securities Investor Protection Corporation (SIPC) protects customers by:
a.Guaranteeing against market losses on investments
b.Providing limited coverage of customer cash and securities if a member broker-dealer fails
c.Insuring bond issuers against default
d.Setting margin requirements
Giải thích
SIPC, established under the Securities Investor Protection Act, provides limited protection for customers' cash and securities if a member broker-dealer becomes insolvent, up to statutory limits. It does not protect against ordinary market losses or the decline in value of investments.
Trích dẫn luật: Securities Investor Protection ActLuyện miễn phí toàn bộ 125 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Which of the following is a prohibited practice for a registered representative?
- 'Churning' refers to:
- Commingling a customer's funds or securities with the firm's own assets is:
- 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:
- 'Selling away,' or participating in private securities transactions without the firm's knowledge and approval, is:
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Đội Ngũ Biên Tập PrepPass · Đối chiếu với FINRA Series 7 General Securities Representative Exam · Quy trình kiểm tra