Regulations & ConductCâu 125 / 125
A firm's written supervisory procedures and designation of principals are intended to:
a.Eliminate the need for compliance
b.Increase commissions
c.Ensure the firm supervises its associated persons and business for compliance with securities laws and rules
d.Replace customer suitability obligations
Giải thích
FINRA rules require firms to establish and maintain a supervisory system, including written supervisory procedures and qualified principals, reasonably designed to achieve compliance with applicable securities laws and rules. Effective supervision helps detect and prevent violations such as unsuitable recommendations, unauthorized trading, and churning.
Luyện miễn phí toàn bộ 125 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Commingling a customer's funds or securities with the firm's own assets is:
- 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:
- 'Selling away,' or participating in private securities transactions without the firm's knowledge and approval, is:
- The Investment Company Act of 1940 primarily regulates:
Cập nhật gần nhất: · quy trình kiểm tra
Đội Ngũ Biên Tập PrepPass · Đối chiếu với FINRA Series 7 General Securities Representative Exam · Quy trình kiểm tra