A registered representative privately assures a customer that a certain stock will double within 18 months.
During this period the stock the stock performs as predicted.
Which of the following statements is true?

• A.the commentary was permissible because the stock advanced as the registered representative forecast
• B.this is a violation because the SEC requires all information about stock prices to be publicly announced
• C.this statement constituted a form of fraud prohibited under the Securities Exchange Act of 1934
• D.the comment is permissible only if the representative had been registered with the SEC under the Investment Advisors Act of 1940

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A buy-in of a customer's sale transaction is mandated if the securities have not been received by the broker/dealer within how many business days following the settlement date:

• A.5
• B.10
• C.20
• D.30

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Which of the following are sources of funding for limited partnerships?

• A.proceeds of the offering
• B.periodic assessments on the partners
• C.installment payments
• D.all of the above

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Bubba holds 200 shares of common stock in a utility company and receives rights to subscribe to an additional 100 shares at $20. The utility company is raising $40 million of new capital.
How many rights does Bubba receive?

• A.20
• B.50
• C.100
• D.200

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Bubba is concerned about the liquidity of a possible municipal bond purchase. He is therefore probably most interested in the rating supplied by which of the following?

• A.the bond buyers
• B.Moody's
• C.White's
• D.Dow Jones

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