Finra Exam Series-6 Topic 1 Question 68 Discussion

Actual exam question for Finra's Series-6 exam

Question #: 68
Topic #: 1

Mr. Investor has purchased 100 shares of the common stock of the Everyman Corporation. As such, which of the following is not a right that Mr. Investor has?

Athe right to receive dividends, if declared

Bthe right to vote on the members of Everyman's board of directors

Cthe right to vote on any proposed changes to the corporate bylaws

Dthe right to vote on the purchase of a major piece of property that Everyman is considering

Show Suggested Answer

Suggested Answer: A

Among other things, the trade confirmation that Anna receives must stipulate the items described in Selections I and III only. The trade confirmation that Anna receives from GetErDone must stipulate the time and date of the transaction, the number of shares sold, and the price at which they were sold. The exchange or ECN on which the transaction was executed is not provided on the confirmation statement. Whether GetErDone acted as a principal or a broker in the transaction does need to be stipulated, but in this instance GetErDone acted as a broker, not a principal. GetErDone did not itself buy the shares from Anna.

by Willard at Dec 10, 2023, 12:23 AM

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14 days ago

I think the answer is D.

upvoted 0 times

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