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NEW QUESTION: 1
A. No
B. Yes
Answer: A
NEW QUESTION: 2
Answer:
Explanation:
Explanation
NEW QUESTION: 3
Chandler is a registered representative with GetErDone Broker-Dealers, a FINRA member-firm. His friend, Phoebe, is employed by FlyByNight Investments, which is not a member of FINRA, or any other securities association for that matter. Given these facts:
A. Chandler is prohibited from engaging in any financial transactions with Phoebe.
B. Chandler is prohibited from splitting any commissions with Phoebe.
C. Both A and C are true.
D. If Chandler executes any transactions for Phoebe, he is required to charge her the same commission that he charges any member of the general public.
Answer: C
Explanation:
Explanation/Reference:
Explanation: Given that Chandler is a representative with a member firm while Phoebe's employer is not a member of any known securities association, he is required to charge Phoebe the same commission that he charges any member of the general public when executing a transaction for her and is prohibited from splitting commissions with her. He is not prohibited from engaging in any financial transactions with her; he simply must do so "for the same commissions or fees, and on the same terms and conditions as are. . .accorded to the general public," according to FINRA.
NEW QUESTION: 4
Which of the following is NOT one of the fundamental principles of CIMA's Code of Ethics?
A. Respect
B. Objectivity
C. Integrity
D. Confidentiality
Answer: A
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