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| Section | Weight | Objectives |
|---|---|---|
| Obtains and Verifies Customers’ Purchase and Sales Instructions; Processes, Completes and Confirms Transactions | 10% | - Payment and settlement processes - Order entry and processing procedures - Error resolution and correction procedures - Trade confirmations and account statements |
| Provides Customers with Information About Investments, Makes Recommendations, Transfers Assets and Maintains Appropriate Records | 50% | - Variable contracts: variable annuities, variable life insurance - Suitability rules and recommendations - Product features, risks, costs, and tax considerations - Retirement plans and 529 savings plans - Investment company products: mutual funds, UITs, closed-end funds - Recordkeeping and disclosure requirements |
| Seeks Business for the Broker-dealer from Customers and Potential Customers | 24% | - Telemarketing and solicitation rules - Prospecting and identifying customer needs - Communications with the public and regulatory rules - Advertising and sales literature regulations |
| Opens Accounts After Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives | 16% | - Financial profile and investment objectives assessment - Anti-money laundering (AML) and compliance - Customer identification and verification - Account types and registration |
The primary difference between dealers and brokers is that:
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Which of the following is not an advantage that an exchange traded fund (ETF) has over a traditional
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Tex Payor bought 1,500 shares of the Bonds4U Mutual Fund, a no load fund, on June 12th for $28 a
share and sold the shares the following year on June 11th for $40 a share. This will result in which of the
following tax consequences for Tex?
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Which of the following is an example of a primary market transaction?
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Ms. Newbie, a newly-minted registered representative with Savvy Investments, just had her first client
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of information from her client?
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Uniform Securities Agent State Law Examination
General Securities Representative Examination (GS)
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