Finra Series-6 Exam - Topic 9 Question 42 Discussion

Actual exam question for Finra's Series-6 exam

Question #: 42
Topic #: 9

Ms. Newbie is a registered representative with Savvy Investments and has recently gotten married. (Her new name is Mrs. Newbie-Oldman.)Her husband has been a client of hers, and the couple now wants to put her name on the account. In this case:

AMrs. Newbie-Oldman may only share in the account to the extent that she deposits funds in the account.

BMrs. Newbie-Oldman must obtain written authorization from Savvy Investments to put her name on the account.

CMrs. Newbie-Oldman's husband must provide written authorization to Savvy Investments for his new bride to be included on the account.

DBoth B and C are true statements.

Show Suggested Answer

Suggested Answer: D

If Mrs. Newbie-Oldman and her new husband want her name on what was previously his account, she must obtain written authorization from her employer, Savvy Investments, and her new husband must provide his written authorization to Savvy. She is exempted from the proportional investment requirement as Mr. Oldman's spouse, but not from the written authorization requirements under FINRA Rule 2150.

by Ciara at May 27, 2022, 06:47 PM

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Nobuko

4 months ago

I thought she could just add her name without all that hassle.

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Lorrine

4 months ago

Definitely both B and C! That's standard procedure.

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Yuriko

4 months ago

Wait, is it really necessary for both B and C? Seems excessive.

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Bettyann

4 months ago

Yeah, her husband has to approve it too.

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Alison

4 months ago

I think she needs written authorization for sure.

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Barrett

5 months ago

I definitely recall that written authorization is usually required, but I can’t remember if it’s just for the firm or if the husband’s approval is also needed.

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Tatum

5 months ago

I’m a bit uncertain about whether Mrs. Newbie-Oldman can just be added without any paperwork. I feel like I’ve seen similar questions before.

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Minna

5 months ago

I think option D makes sense because both B and C seem to be necessary steps when adding someone to an account.

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Angelo

5 months ago

I remember something about needing authorization for changes to accounts, but I’m not sure if it’s just for the firm or if the husband needs to sign off too.

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Santos

5 months ago

I think I know how to approach this. I'd start by checking the location of the echo command, then edit the crontab to schedule the task.

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Hermila

5 months ago

Hmm, this looks like a tricky one. I'll need to carefully break down the information given and do the calculations.

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Sherron

5 months ago

Okay, let me see. The question is asking about the local storage configuration required for the OS and logging, so it's not about the main storage cluster. I'm leaning towards option A, two solid state drives, since that would provide the performance and reliability needed for those critical components.

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