Regarding political contributions limitations are place with the view to Quizlet

D) The registered person is permitted to stay employed at the member firm but the event must be reported to FINRA

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How often must a representative complete the firm Element Continuing Education CE requirement quizlet?
What is not considered to be an outside business activity engaged in by an associated person quizlet?
Which of the following constitute a private securities transaction or selling away quizlet?
What is required on U5 form quizlet?

If a person associated with a FINRA member firm has been indicted or pleads guilty to any felony or any misdemeanor that involves the purchase or sale of a security, theft, robbery, burglary, extortion, forgery, or counterfeiting, the event must be reported to FINRA. This would include shoplifting and, in some states, driving under the influence (DUI). Since the person has not been convicted, he is not subject to statutory disqualification and may stay employed at a member firm.

B) If the registered person did not attend the game and gave one of the tickets to the client, it is a violation.

Under FINRA rules, member firms and their associated persons may not provide gifts that exceed $100 per year to employees of other firms when the gift is in relation to the securities business of the recipient's employer. The underlying concern is that excessive gifts could cause the recipient to act contrary to the interests of the broker-dealer and/or clients. Exempt from the $100 limit are occasional meals, tickets to sporting and cultural events, reminder advertising (e.g., boxes of pens, key chains), and expenses related to legitimate business travel. For an activity to be considered an expense, the associated person of a broker-dealer must attend the event with the client. This type of activity is considered a legitimate expense. Since one ticket is valued at $85, it may be given to the client. On the other hand, two tickets being given to the client exceeds the $100 limit. Although approval by a principal is not required, a member firm should have this type of activity included in its policies and procedures manual.

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One of the Financial Industry Regulatory Authority (FINRA) Conduct Rules is concerned with private securities transactions. Under that rule, it would be correct to state that

I. if the member approves the registered representative participating in a transaction for compensation, it must treat the transaction as if it is being done on its own behalf by entering the transaction on its own books and supervising the associated person during the transaction.

II. as long as no compensation to the registered representative is involved, notification to the member is not required.

III. sale of a securities product to the registered representative's mother where there is only nominal compensation is not covered under the rule.

IV. if the member disapproves of the registered representative's participation in a transaction for compensation, the associated person may not participate in it.

A)
II and III
B)
I and IV
C)
I and II
D)
III and IV

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How often must a representative complete the firm Element Continuing Education CE requirement quizlet?

How often must a representative complete the firm element continuing education (CE) requirement? Firm element CEs are an annual requirement. Regulatory element CEs are required after the second anniversary and every three years thereafter.

What is not considered to be an outside business activity engaged in by an associated person quizlet?

A passive investment, such as the purchase of a limited partnership unit, is not considered an outside business activity. An associated person may make a passive investment for his own account without providing written notice to the employing broker-dealer.

Which of the following constitute a private securities transaction or selling away quizlet?

Which of the following constitute a private securities transaction, or "selling away"? A private securities transaction is any sale of securities outside the scope of the regular business of the associated person involved and of the broker-dealer firm.

What is required on U5 form quizlet?

Form U5 is the Uniform Termination Form, which documents a person's termination from his last employing broker-dealer. This form contains details of relevant events that occurred while employed by the previous firm, as well as any disciplinary actions that may have resulted.