If federal excise taxes were increased by the government, what would the typical investor do about his securities portfolio?
Answer(s): D
take no action as a result of the tax increase. Excise taxes normally are not important to the typical investor. They generally have little relative effect on securities prices.
A tax-free rollover of assets between qualified retirement plans for the benefit of a specific individual is permitted so long as it is accomplished within:
Answer(s): B
60 days. ERISA permits 60 days for rollovers.
Bubba has several accounts at a brokerage firm. Which of the following is not covered by SIPC?
commodities account in Bubba’s name only. SIPC does not cover commodities accounts.
What is the maximum amount of gift to customers or other individuals related to the securities business that a registered representative is permitted to give?
Answer(s): C
$100. This is the maximum per FINRA rules.
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