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Finra Exam Series-6 Topic 4 Question 64 Discussion

Actual exam question for Finra's Series-6 exam
Question #: 64
Topic #: 4
[All Series-6 Questions]

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.

Show Suggested Answer Hide 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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Ashton
13 days ago
I bet Ms. Newbie wishes she could just forge all those signatures and save herself the trouble. But hey, rules are rules, right?
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Reena
17 days 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.
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Joaquin
2 days ago
User 1: I think D is the safest option too.
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Ira
1 months 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.
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Tequila
2 days ago
A) I only
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Chantay
2 months 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.
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Carey
2 months ago
I agree with Penney. It's important to have all signatures to ensure compliance and accountability.
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Kristian
2 months ago
As a newly-minted representative, I'd better get this right! I'm going with option D. Safety first, right?
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Ma
28 days ago
User 2: Yeah, I agree. It's better to cover all bases when it comes to signatures.
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Lovetta
1 months ago
User 1: I think option D is the safest choice.
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Rebbecca
2 months 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.
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Carissa
15 days ago
D) I, II, and III
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Ellsworth
21 days ago
C) II and III only
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Stevie
1 months ago
B) I and II only
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Chery
1 months ago
A) I only
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Penney
2 months ago
I think the answer is D) I, II, and III because all signatures are necessary for verification.
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