Finra Series-6 Exam - 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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Laurel

3 months ago

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

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Lili

3 months ago

Wait, does the branch manager really need to sign?

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Pamella

4 months ago

Yup, I agree, all three are required.

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Launa

4 months ago

I thought only the client and rep were enough?

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Shawnee

4 months ago

Definitely needs all three signatures!

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Jules

4 months 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.

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Huey

4 months ago

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

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Tijuana

5 months ago

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

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Jina

5 months ago

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

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Sherell

5 months 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.

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Felix

5 months 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.

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Mary

5 months 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.

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Gilbert

5 months 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.

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Bok

5 months 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.

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Bulah

5 months 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.

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Luke

5 months 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.

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Magda

5 months 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.

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Leslee

5 months 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.

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Belen

5 months 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.

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Dylan

5 months 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.

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Rasheeda

5 months 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.

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Brande

5 months 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.

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Ashton

9 months 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

9 months 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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Mary

8 months 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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Sage

8 months ago

D) I, II, and III

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Kizzy

9 months ago

C) II and III only

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Caprice

9 months ago

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

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Cathrine

9 months ago

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

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Filiberto

9 months ago

B) I and II only

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Salome

9 months ago

A) I only

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Joaquin

9 months ago

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

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Ira

10 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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Chantell

9 months ago

C) II and III only

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Jeanice

9 months ago

B) I and II only

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Tequila

9 months ago

A) I only

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Chantay

10 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

10 months ago

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

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Kristian

10 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

10 months ago

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

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Lovetta

10 months ago

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

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Rebbecca

11 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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