an order in which the client tells the broker to use his own discretion in timing a purchase or sale in an attempt to get a better price.

a prohibited activity in which an agent engages in the purchase or sale of securities that are not offered by his broker-dealer.

an order to buy or sell a stock at a specified price, which differs from the current market price.

an order to sell securities that the investor owns if the stock decreases by a certain amount from the current price.

An adviser owns the stock of TweedleDee Corporation and has issued a report recommending the stock as a “buy” without disclosing the fact that it owns the stock.

An adviser owns the stock of TweedleDee Corporation and has issued a report recommending the stock as a “buy,” disclosing the fact that it owns the stock

An adviser sells its shares of TweedleDee Corporation after issuing a report recommending the stock as a “buy.”

all of the above. It is considered criminal fraud for an investment adviser to make any recommendations on a security in which it has or plans to have a position.

Finn has not violated any laws or engaged in any prohibited practices.

Finn has violated a securities law. The Uniform Securities Act prohibits anyone from using the word “certified” on any advertisement for services.

Finn has possibly violated a state securities regulation. The Administrator in many states prohibits the use of the word “certified” on any advertisement for services.

Finn is not in violation of any laws as long as he has notified the state Administrator of his new designation and his new logo.

can continue business as usual pending the resolution of the appeal.

must notify the Administrator of the state that it has appealed the decision.

is considered to have a revoked license until the courts rule otherwise.

Both B and C are true statements.

QuikDeals has the sole responsibility for notifying the Administrator. Maddie is no longer deemed to be an agent after she terminated her relationship with QuikDeals, so she need do nothing.

Maddie has the sole responsibility for notifying the Administrator.

It depends. If Maddie becomes affiliated with another broker-dealer within thirty days, then she must notify the Administrator of her termination with QuikDeals and her current affiliation with the new firm. Otherwise, only QuikDeals must notify the Administrator.

Both QuikDeals and Maddie are responsible for notifying the Administrator.

until December 31st.

for twelve months.

for three years.

for five years.

Registration by qualification refers to the fact that certain categories of securities are exempt from state registration requirements.

Registration by qualification is the preferred method used by issuers since it requires the least amount of paperwork.

In its simplest form, registration by qualification requires the issuer to supply voluminous amounts of information about both the firm and its directors, officers, and major shareholders.

Registration by qualification refers to the fact that the highest quality bonds, i.e., those with a AAA rating, are exempt from registration with the state.

The government of the U.S. guarantees a 3% interest rate, to be paid semiannually, on a new 5-year Treasury note.

A sales representative of GetErDone Broker-Dealers guarantees that a client can expect an average annual rate of return of 2% on a mutual fund investment the sales representative is selling, pointing to the fact that the fund has returned an average annual rate of return of 6% over the past ten years.

An insurance company guarantees a fixed payment of $300 a month for life on an annuity it is selling.

Neither the statements in Selections B or C would be allowed under the guidelines of the Uniform Securities Act.

BigCash need do nothing since Target Investments was already duly registered with the state as a broker-dealer.

BigCash must file a new application with the state to register its new subsidiary, but will be able to utilize the remainder of any annual filing fees that Target Investments had paid for the year.

BigCash must file a new application with the state to register its new subsidiary and must also pay the annual filing fees required by the Administrator.

BigCash will need to pay the annual filing fees required by the Administrator, but will not need to file a new registration application.

Yes. Noah is guilty of misappropriation and could have his license revoked.

No. Noah did what he is hired to do-manage his clients’ accounts to the best of his ability.

Yes. Noah is guilty of not following a client’s instructions and could have his license revoked.

Yes. Noah is guilty of making an unauthorized transaction and could have his license revoked.