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

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16 days ago

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

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