1. When hiring a new employee, the principal must perform all of the following, EXCEPT:
2. As it relates to influencing the employees of member firms, which of the following are true?
I. The gift may be given to the employee.
II. A record of the gift must be maintained by the employing firm.
III. The gift must be given to the employer for distribution.
IV. A contractual relationship is excluded from the rule.
3. All of the following personnel are exempt from the registration requirement, EXCEPT:
4. As it relates to securities held in street name, which of the following is true?
I. The corporation will send proxies to the broker dealer.
II. The corporation will not reimburse the broker dealer for forwarding the proxies.
III. The broker dealer may vote blank proxies any way it wishes.
IV. Shareholders who attend the annual meeting will have their proxies voided.
5. A broker dealer that does not carry customer accounts is required to do all of the following, EXCEPT:
6. Which of the following is NOT a reason to reject delivery?
7. A security has been delivered late to the buying member after the record date for a dividend distribution. Which of the following is true?
I. The seller will keep the dividend.
II. The buyer will be owed the dividend.
III. The buying member will send a due bill.
IV. The selling member will receive the dividend.
8. A customer who purchased 1,000 shares of XYZ on margin two months ago and has not executed any order since must:
9. A brokerage firm may charge a fee for which of the following?
I. The safekeeping of securities
II. The collection of dividends
III. Lack of activity in the account
IV. The clipping of coupons
10. A wealthy customer has just made a purchase in his margin account. There are substantial assets in the account. The brokerage firm, as a courtesy to the client, may ignore a call for cash for up to:
