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6 Cards in this Set
- Front
- Back
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RR MUST:
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1.Pass a qulaification exam, consent to a backround check, be covered by a fidelity bond, and sign agreements that they will:
-not guarantee payment -not guarantee agaisnt losses -not share in any client profits -not give away commission to client -not pay or split fees with an UNregistered person for referral |
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A member org must maintain a log of talks and lectures reflecting the following info for a specific talk or lecture:
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1.Name of the person giving the talk
2.Name of the group sponsoring the talk 3.Subject matter disclosed *Ppl in attendance do NOT have to be maintained *Retention period is 3 yrs |
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For persons employed by another member firm, opening either a cash or margin account would require:
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1.Employers prior written approval
2.Sending of duplicate confirmations and statements to the persons employer |
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T or F
Opening an account for an employee of the NYSE, whether it be a cash or a argin account, requires the approval of the NYSE |
T
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T of F
Opening accounts for directors and officers of financial institutions such as banks does NOT require employer consent |
T
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When a recommendation is made to a client by a member firm, all of the following must be disclosed
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1.If the member firm
-makes a mkt in the sec recommended -maintains a position in the sec -was the manager or the co manager in the ditribution of the sec 2.If any employees are directors of the comp in which the sec are recommneded |
