FINRA FINRA-SERIES-6 Exam Questions & Answers

Which of the following is an example of a primary market transaction?

A. Exco Resources (XCO) sells a new issue of 7.5%, 8-year notes.

B. Ms. Talker calls her broker and places a market order to sell shares of ATandT (T) on the NYSE.

C. Mr. Safe purchases a Treasury bill with two weeks remaining to maturity.

D. Mr. Green places an order to buy shares of Sunvalley Solar, Inc. (SSOL), a stock selling on the OTC Bulletin Board.

Which of the following investor characteristics is inconsistent with an aggressive investment strategy?

I. short investment horizon

II. high risk tolerance

III.

young

A.

I and II

B.

I, II, and III

C.

I only

D.

III only

Mr. Shortfall placed a market order to buy 100 shares of Google (GOOG) with GetErDone Broker-Dealers. The market order was executed at $530 a share. In accordance with Regulation T:

A. Mr. Shortfall must pay for the purchased shares within 3 business days.

B. Mr. Shortfall must pay for the purchased shares within 5 business days.

C. GetErDone can request an extension from FINRA or another SRO for Mr. Shortfall if he is unable to pay for the shares within 5 business days.

D. Both B and C are true statements.