Finra Exam Series-6 Topic 4 Question 64 Discussion

Actual exam question for Finra's Series-6 exam

Question #: 64
Topic #: 4

ion No: 308

Ms. Newbie, a newly-minted registered representative with Savvy Investments, just had her first client walk through the door. The new account form that the client receives a copy of must contain the signatures of:

i. the client.

ii. Ms. Newbie.

iii. Ms. Newbie's branch manager/supervisor.

AI only

BI and II only

CII and III only

DI, II, and III

Show Suggested Answer

Suggested Answer: C

The true statement is that Ken never has to repay the loan, but if he chooses not to do so, his wife, Barbie, won't get as much when he dies. He can borrow up to at least 75% of the cash value, but there is interest charged on the loan. (In essence, he's paying interest to himself, though.)

by Youlanda at Aug 31, 2023, 07:30 AM

Limited Time Offer

25%

Off

Get Premium Series-6 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Ashton

30 days ago

I bet Ms. Newbie wishes she could just forge all those signatures and save herself the trouble. But hey, rules are rules, right?

upvoted 0 times

...

Reena

1 months ago

Hmm, let me think... I'll play it safe and choose D. Can't go wrong with getting all the signatures, even if it means Ms. Newbie has to work a little harder.

upvoted 0 times

Sage

1 days ago

D) I, II, and III

upvoted 0 times

...

Kizzy

10 days ago

C) II and III only

upvoted 0 times

...

Caprice

13 days ago

User 3: Agreed, it's always better to cover all bases in situations like this.

upvoted 0 times

...

Cathrine

14 days ago

User 2: Yeah, better to be thorough and make sure all the signatures are there.

upvoted 0 times

...

Filiberto

16 days ago

B) I and II only

upvoted 0 times

...

Salome

17 days ago

A) I only

upvoted 0 times

...

Joaquin

19 days ago

User 1: I think D is the safest option too.

upvoted 0 times

...

Ira

2 months ago

Oh boy, this is a tricky one. I'm going to go with C and hope Ms. Newbie's manager doesn't mind doing all the work.

upvoted 0 times

Chantell

11 days ago

C) II and III only

upvoted 0 times

...

Jeanice

13 days ago

B) I and II only

upvoted 0 times

...

Tequila

19 days ago

A) I only

upvoted 0 times

...

Chantay

2 months ago

I'm not sure about the answer. I think it might be C) II and III only because the branch manager's signature is crucial for oversight.

upvoted 0 times

...

Carey

2 months ago

I agree with Penney. It's important to have all signatures to ensure compliance and accountability.

upvoted 0 times

...

Kristian

2 months ago

As a newly-minted representative, I'd better get this right! I'm going with option D. Safety first, right?

upvoted 0 times

Ma

2 months ago

User 2: Yeah, I agree. It's better to cover all bases when it comes to signatures.

upvoted 0 times

...

Lovetta

2 months ago

User 1: I think option D is the safest choice.

upvoted 0 times

...

Rebbecca

2 months ago

I think the correct answer is D. The new account form must contain the signatures of the client, Ms. Newbie, and her branch manager/supervisor. This ensures proper authorization and oversight.

upvoted 0 times