Discuss Finra Series-6 Exam Topic 4 Question 64

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

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.)

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47 comments · newest first

Laurel 11 months ago

Wow, I didn't know that! Seems like a lot of paperwork.

Lili 12 months ago

Wait, does the branch manager really need to sign?

Pamella 12 months ago

Yup, I agree, all three are required.

Launa 1 year ago

I thought only the client and rep were enough?

Shawnee 1 year ago

Definitely needs all three signatures!

Jules 1 year ago

I’m a bit confused about whether the branch manager's signature is always needed. I think I need to review that part again.

Huey 1 year ago

I’m leaning towards option D because it seems like all three signatures would be necessary for compliance.

Tijuana 1 year ago

I remember a practice question where the supervisor's signature was important. I feel like it might be the same here.

Jina 1 year ago

I think the client definitely needs to sign, but I'm not sure if Ms. Newbie's signature is required too.

Sherell 1 year ago

This is a good one. I remember learning about the required signatures for new account forms in my training, so I'm pretty confident that option D is the right answer. I'll double-check my notes just to be sure, but I think I've got this.

Felix 1 year ago

Wait, I'm confused. The question says the form must contain the signatures of the client and the rep, but it doesn't explicitly state that the supervisor's signature is required. I'm going to have to re-read this a few times to make sure I understand it correctly.

Mary 1 year ago

Okay, let me break this down. The question says the new account form must contain the signatures of the client, the rep, and the supervisor. That seems pretty clear to me, so I'll go with option D.

Gilbert 1 year ago

Hmm, I'm a little unsure about this one. I know the client and the rep need to sign, but I'm not sure if the supervisor is required as well. I'll have to think this through carefully.

Bok 1 year ago

This seems pretty straightforward. The client, the registered rep, and the supervisor all need to sign the new account form. I'll go with option D.

Bulah 1 year ago

I think the key here is that the question specifically states the new account form "must contain" the signatures of the three parties. That makes me feel good about going with option D - all three signatures are required.

Luke 1 year ago

I'm a bit confused on this one. The way I see it, the client and Ms. Newbie need to sign, but I'm not sure if the branch manager/supervisor is required. I'll have to review the material again to make sure I'm understanding this correctly.

Magda 1 year ago

Okay, let me break this down. The question says the new account form must contain the signatures of the client, Ms. Newbie, and the branch manager/supervisor. So I'm pretty confident the answer is D - all three need to sign.

Leslee 1 year ago

Hmm, I'm a little unsure about this one. I'm thinking it might be option B, since the client and Ms. Newbie need to sign, but I'm not 100% sure if the branch manager/supervisor is required. I'll have to think it through carefully.

Belen 1 year ago

This seems pretty straightforward. I'll go with option D - the client, Ms. Newbie, and the branch manager/supervisor all need to sign the new account form.

Dylan 1 year ago

This is a straightforward question, in my opinion. The question directly states that the National Quality Awards are intended to foster continuous improvement, so the answer has to be True. I'm confident about this one.

Rasheeda 1 year ago

Hmm, this is an interesting question. I think the key is understanding how the Decode function works and whether it can handle multiple searches. I'll need to review the documentation on that function.

Brande 1 year ago

Hmm, I'm a bit unsure about this one. I know virtualization introduces some new security considerations, but I'm not totally clear on the specifics. I'll need to review my notes on this topic.

Ashton 1 year ago

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

Reena 1 year 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.

Mary 1 year ago

↳ replying to Reena

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.

Sage 1 year ago

↳ replying to Reena

D) I, II, and III

Kizzy 1 year ago

↳ replying to Reena

C) II and III only

Caprice 1 year ago

↳ replying to Reena

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

Cathrine 1 year ago

↳ replying to Reena

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

Filiberto 1 year ago

↳ replying to Reena

B) I and II only

Salome 1 year ago

↳ replying to Reena

A) I only

Joaquin 1 year ago

↳ replying to Reena

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

Ira 2 years 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.

Chantell 1 year ago

↳ replying to Ira

C) II and III only

Jeanice 1 year ago

↳ replying to Ira

B) I and II only

Tequila 1 year ago

↳ replying to Ira

A) I only

Chantay 2 years 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.

Carey 2 years ago

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

Kristian 2 years ago

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

Ma 2 years ago

↳ replying to Kristian

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

Lovetta 2 years ago

↳ replying to Kristian

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

Rebbecca 2 years 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.

Carissa 1 year ago

↳ replying to Rebbecca

D) I, II, and III

Ellsworth 1 year ago

↳ replying to Rebbecca

C) II and III only

Stevie 2 years ago

↳ replying to Rebbecca

B) I and II only

Chery 2 years ago

↳ replying to Rebbecca

A) I only

Penney 2 years ago

I think the answer is D) I, II, and III because all signatures are necessary for verification.

Finra Series-6 Exam - Topic 4 Question 64 Discussion