HESI A2: Anatomy & Physiology (Quiz 4) Welcome to your Series 6 Practice Quizzes. Note: We designed four (4) parts of practice quizzes for each Domain. Each part has 25 questions. Domain 1 (part 2): Seeks Business for the Broker Dealer from Customers and Potential Customers​​​​​​​. (25 questions) Please click NEXT to start your Free Series 6 Practice Quizzes right away. Best of Luck! 1. Series 6, Seeks Business for the Broker-dealer from Customers and Potential Customers,Series 6 If a registered representative wishes to distribute a copy of a national magazine article about the GAON Mutual Fund, which of the following statements is correct? A) The article may be used without prior approval of a principal of the member firm. B) This material meets the definition of an independently prepared reprint. C) The article may be sent without prior or concurrent delivery of the GAON Fund prospectus. D) Because this material is already in the public domain, it is excluded from the rules on communication with the public. None 2. Series 6, Seeks Business for the Broker-dealer from Customers and Potential Customers,Series 6 How long does FINRA retain jurisdiction after the filing of a Form U5 full termination? A) 180 days B) Five years C) One year D) Two years None 3. Series 6, Seeks Business for the Broker-dealer from Customers and Potential Customers,Series 6 If a person unsuccessfully attempts the Series 6 exam three times in a row, how long must they wait after the third attempt before attempting the exam again? A) 120 days B) 60 days C) 90 days D) 180 days None 4. Series 6, Seeks Business for the Broker-dealer from Customers and Potential Customers,Series 6 Per FINRA, a customer could include all of the following except A) an individual. B) a trust. C) a corporation. D) a broker-dealer. None 5. Series 6, Seeks Business for the Broker-dealer from Customers and Potential Customers,Series 6 A registered representative has been doing some research on his own. He would like to share the information with some of his clients and sends an email to 15 of them. He also has some prospects he's been working on and sends the email to 12 of them during the same week. Under the FINRA rule on communications with the public, this would be considered A) an electronic communication. B) correspondence. C) retail communication. D) exempt from the principal approval requirements. None 6. Series 6, Seeks Business for the Broker-dealer from Customers and Potential Customers,Series 6 A registered representative of a FINRA member firm is going to present a seminar on retirement planning. It will be a slide show, and no specific advice will be given. The expected attendance is approximately 50 people. Under the FINRA rule on communications with the public, A) this is a public appearance and no approvals are necessary. B) this seminar can take place only if the recommendations are tailored to the specific needs of the audience. C) the slides are considered a retail communication and need principal approval before first use. D) a registered principal is required to attend to ensure that the standards of ethical conduct are maintained. None 7. Series 6, Seeks Business for the Broker-dealer from Customers and Potential Customers,Series 6 Which of the following does not automatically disqualify an applicant for registration? A) A misdemeanor conviction involving securities or money within the past 10 years B) Court injunctions prohibiting the individual from acting as an investment adviser C) Misstatements unwittingly made in an application for membership or registration as an associated person D) A felony conviction, either domestic or foreign, within the past 10 years None 8. Series 6, Seeks Business for the Broker-dealer from Customers and Potential Customers,Series 6 When must a FINRA member firm make a copy of the FINRA rules available to customers? A) Annually B) Every three years C) Upon the customer's request D) In response to a complaint None 9. Series 6, Seeks Business for the Broker-dealer from Customers and Potential Customers,Series 6 How long does a person have, after the filing of a full termination Form U5, to associate with a member firm before they must requalify by taking an appropriate exam? A) Ten years B) Two years C) Three years D) One year None 10. Series 6, Seeks Business for the Broker-dealer from Customers and Potential Customers,Series 6 Which of the following pieces of sales material is exempt from routine spot-checking by FINRA? A) A public communication that simply offers a specific security at a specific price B) An independently prepared reprint that has been materially altered since first published C) Radio commercials D) Telemarketing scripts None 11. Series 6, Seeks Business for the Broker-dealer from Customers and Potential Customers,Series 6 There are retention requirements for certain records of a broker-dealer. One of those is the firm's retail communications files. Under FINRA rules, copies of retail communications must be retained for A) 3 years after last use. B) 6 years after last use. C) 3 years after first use. D) 6 years after first use. None 12. Series 6, Seeks Business for the Broker-dealer from Customers and Potential Customers,Series 6 Under the Code of Procedure, if an associated person is suspended from a FINRA member firm, he A) may immediately continue in a clerical position. B) may still keep an office but may not sell for the firm. C) may not remain on the member firm's premises. D) may continue to sell, but only informally. None 13. Series 6, Seeks Business for the Broker-dealer from Customers and Potential Customers,Series 6 The system that handles complaints forwarded to FINRA regarding violations of the Conduct Rules is called A) the Code of Conduct. B) the Code of Procedure. C) minor rules violation. D) the Code of Arbitration Procedure. None 14. Series 6, Seeks Business for the Broker-dealer from Customers and Potential Customers,Series 6 When a registered representative is guilty of a rules violation, FINRA may impose all of the following except A) fines of unlimited amounts. B) suspension of registration. C) a jail sentence of up to three years. D) baring from association with other members. None 15. Series 6, Seeks Business for the Broker-dealer from Customers and Potential Customers,Series 6 If mediation fails, the dispute proceeds to arbitration. Under what circumstances may a mediator then serve on the arbitration panel? A) None B) If the panel consists of a minimum of three arbitrators C) With SEC permission D) If the panel consists of a minimum of six arbitrators None 16. Series 6, Seeks Business for the Broker-dealer from Customers and Potential Customers,Series 6 The Code of Procedure contains requirements for A) resolving disputes between two FINRA member firms. B) handling violations of the Conduct Rules. C) reviewing and approving accounts, trades, correspondence, and retail communications. D) resolving disputes between FINRA members and nonmember firms. None 17. Series 6, Seeks Business for the Broker-dealer from Customers and Potential Customers,Series 6 A change to which of the following items requires amending the Form U-4? A) Marital status B) Member firm address C) Home address D) Vacation home address None 18. Series 6, Seeks Business for the Broker-dealer from Customers and Potential Customers,Series 6 All of the following rules apply for complaints except A) a record of a complaint must be maintained for four years. B) written complaints must be maintained for 10 years. C) a quarterly summary report of complaints must be sent to FINRA. D) a quarterly statistical report of complaints must be sent to FINRA. None 19. Series 6, Seeks Business for the Broker-dealer from Customers and Potential Customers,Series 6 A broker dealer's website is which type of communication? A) Institutional communication B) Research report C) Retail communication. D) Correspondence None 20. Series 6, Seeks Business for the Broker-dealer from Customers and Potential Customers,Series 6 If a registered representative is comparing two mutual funds for a customer, which of the following comparisons would not be permissible? A) Comparing two equity funds with slightly different investment objectives, even if the differences and their consequences are carefully explained B) Comparing an equity growth fund to a money market fund with the intention of convincing an investor to purchase the growth fund C) Comparing diversified growth funds from two different fund families D) Comparing a long-term bond fund to a shorter-term bond fund to demonstrate the trade-offs that exist between risk and return None 21. Series 6, Seeks Business for the Broker-dealer from Customers and Potential Customers,Series 6 How many times may a person fail the Series 6 exam before they are permanently prohibited from sitting for the exam? A) Ten times B) There is no limit to how many times the exam may be attempted C) Five times D) Three times None 22. Series 6, Seeks Business for the Broker-dealer from Customers and Potential Customers,Series 6 Which of the following is not information needed to complete a Form U4? A) Residential history B) Employment history C) Aliases D) Educational history None 23. Series 6, Seeks Business for the Broker-dealer from Customers and Potential Customers,Series 6 FINRA Rule 2210, communications with the public, describes several different categories of communications. One of those categories is called A) email. B) social media. C) correspondence. D) public appearances. None 24. Series 6, Seeks Business for the Broker-dealer from Customers and Potential Customers,Series 6 A representative would like to send to 50 clients a copy of an article from a major financial publication. This is an example of which of A) a research report. B) institutional communication. C) correspondence. D) an independently prepared reprint (IPR). None 25. Series 6, Seeks Business for the Broker-dealer from Customers and Potential Customers,Series 6 In order to register an associated person a member firm would complete which of these forms? A) Form U2 B) Form BD C) Form U5 D) Form U4 None 1 out of 25 Time is Up! Time's up
