This type of written communication with my clients is strictly prohibited because Calton cannot monitor or archive it.
What is texting?
100
I must not alter client documentation after the client does this to it.
What is signs it?
100
If I need to make an amendment to my Form U4, it has to be done within this number of days.
What is 30 days?
100
I should never accept this via email or voicemail.
What are trading instructions (or money movement requests)?
100
When discussing potential distributions in alternative investments, I should never refer to them as this.
What is a dividend (or yield, or guaranteed)?
200
When emailing my clients, I need to use my ___________ email address.
What is my compliant email address (archived, approved, Calton, etc.)?
200
My client files may be stored electronically, so long as they are stored in WORM format, which means this.
What is Write Once, Read Many?
200
If I have a written customer complaint alleging damages of this dollar amount or more, it must be reported on my Form U4.
What is $5,000?
200
I cannot, even out of convenience to my customer, use an old client ______________ from a previously signed form and pair it with a new form.
What is a signature?
200
The Act that sets forth requirements for institutions to undertake anti-money laundering efforts is called this.
What is the U.S.A. Patriot Act?
300
In order to use social media for business purposes, I need to disclose all of my business social media account(s) (including LinkedIn) to this Department.
What is the Compliance Department?
300
When a customer signs paperwork to purchase a new product, they must also do this, to indicate WHEN the transaction was authorized.
What is date the document?
300
The work or organizations I am involved in outside of Calton are also known as this, and must be accurately reported on my Form U4.
What are outside business activities?
300
I should never do this, whether "back or forth", with the dates on documents.
What is pre-date or post-date?
300
Every time I open an advisory account, I need to deliver these two important documents to the customer.
What is the Form ADV Part 2A (Firm Brochure) and the Form ADV Part 2B (my personal Brochure Supplement)?
400
My gmail address is not permitted for business use because Calton cannot ____________ it.
What is archive (or monitor, or access)?
400
If the back office is unable to verify my client's identity using the standard methods, I may need to provide additional documentation, such as this.
What is a valid driver's license (passport, government issued photo ID)?
400
Failure to keep my U4 current may result in FINRA investigations, monetary fines and this other severe type of penalty.
What is a suspension?
400
I have clients who are husband and wife. They each have an IRA, and neither has POA over the other. This means that I cannot accept trade orders on the wife's IRA from anyone other than this person.
Who is the wife?
400
My login credentials and passwords must be only for my use and must never be __________ with anyone.
What is shared?
500
Beginning in June of last year, my website was required to have a link to this on it.
What is FINRA's BrokerCheck?
500
I need to retain client records for this many years after a client passes away, or transfers their account to another firm.
What is six years?
500
Financial disclosures such as judgments, liens and bankruptcies must be reported to this Department in a timely manner so that my Form U4 can be kept up to date.
What is Licensing & Registration (or Compliance)?
500
A client made a complaint to me, but the amount in question is only $500. In order to settle the matter, I must do THIS, rather than trying to settle it on my own.
What is immediately notify the Compliance Department?
500
The new U.S. Department of Labor Fiduciary Rule requires that I have this kind of standard with all of my retirement clients.