Which of the following statements describes a characteristic of exchange-traded funds (ETFs)?

• A.ETFs are offered with front-end or back-end loads.
• B.ETFs are not permitted to be purchased on margin.
• C.ETFs are purchased and sold daily at net asset value (NAV).
• D.ETF expense ratios are generally lower than those of mutual funds.

Comment: *

Name: *

Email: *

Verification: *

Which of the following statements describes a characteristic of Treasury securities?

• A.They are liquid.
• B.They are callable.
• C.They are FDIC-insured.
• D.They are issued by the U.S. government with a high amount of default risk.

Comment: *

Name: *

Email: *

Verification: *

At a prospecting event, a registered representative (RR) provides cards for attendees to write down their contact information if they want to have a follow-up meeting with her. Which of the following actions should the RR take in this situation to comply with telemarketing rules?

• A.Obtain the broker-dealer's approval before making a call
• B.Limit contact with prospects to between 9 a.m. and 9 p.m.
• C.Contact the prospects at will since they provided express written consent
• D.Prior to contacting the prospects, check all of the names on the cards to make sure they are not on the National Do Not Call Registry

Comment: *

Name: *

Email: *

Verification: *

SEC Regulation S-P (Consumer Privacy) requires certain information to be included in privacy notices delivered to customers of broker-dealers (BDs). Which of the following information is required to be included in the privacy notice?

• A.The website and telephone number of SIPC
• B.The website and telephone number of the Consumer Financial Protection Bureau (CFPB)
• C.The name and telephone number of the BD's chief compliance officer
• D.The BD's policies and practices for protecting the customer's nonpublic personal information

Comment: *

Name: *

Email: *

Verification: *

Which of the following responses describes a FINRA member?

• A.An associated person of a registered brokerage firm
• B.A natural person who is employed by a broker-dealer (BD)
• C.A registered representative with a national securities exchange
• D.A BD regulated by a national securities association

Comment: *

Name: *

Email: *

Verification: *