BOE
Office Operations
Forms
Technology
Product Specifics
100
This must be clearly displayed near front entrance of each RBO.
What is “Securities offered through NEXT Financial Group, member FINRA” sign?
100
This message is mandated to be on all voicemail systems.?
What is “Please do not leave any trade instructions on voicemail, they will not be executed”?
100
This form is required to be completed prior to soliciting an Alternative Investment.?
What is the Rep Level Due-Diligence Review form?
100
This is how an e-mail message that contains sensitive information can be encrypted.
What is type [encrypt] in the subject line of any e-mail sent from the NEXT e-mail system?
100
Name a product that requires pre-approval.
What are Alternative Investments or Variable Annuities?
200
This must be clearly diplayed in your RBO’s front office.
What is SIPC sign?
200
5 unacceptable instruments for deposit:
What is Cash or cash equivalents; Foreign currency; Checks drawn on foreign banks; Temporary checks; Cashier’s checks, bank drafts, certified bank checks or official checks for less than $10,000; Cashier’s checks, bank drafts, certified bank checks or official checks for $10,000 or more with no pre-printed remitter name; Thrift withdrawal orders; Domestic drafts on a credit line; Third-party checks (except as outlined above for spousal IRA contributions and custodial accounts); Checks written by minors; Postdated checks; Stale dated checks; Money orders; and Traveler’s checks.
200
This form is now required to be completed in order to “rollover” money.
What is the Retirement Plan Rollover Disclosure Form?
200
This program is used by the OSJ to review and approve trades and is a requirement for Registered Reps to review on a regular basis.
What is Sungard?
200
This is the maximum percentage of a client’s LNW that can be held in a single security.
What is 25%?
300
4 of the 9 compliance files required to the maintained by each registered Representative.
What is: Advertising file, Incoming Securities-Related Correspondence File, Outgoing Securities-Related Correspondence File, Branch Office Exam File, Compliant Files, Due Diligence File, Weekly Activity Logs, Seminar Files, Gifts and Gratuity Log?
300
The length of time that you can hold a customer’s check.
What is 1 business day after receipt?
300
This is listed in table 2 of the Weekly Activity Log.
What is transactions not reportable in Sunguard?
300
The system is used to upload paperwork for processing/review/approval.
What is the Imaging System or WISE?
300
Describe EIA rule 12/12/12.
What is 12% commission, 12% surrender fee and 12 year term?
400
The maximum dollar amount of gifts that you can give or receive and where you document those gifts.?
What is $100 and Gifts and Gratuities Log?
400
These items are not required to be listed on the gifts and gratuities log.
What are pens, totes, umbrellas, etc. that display your logo?
400
The reprimand for not completing a Retirement Plan Rollover Disclosure Form.
What is a letter of caution and a $500 fine?
400
Describe the process for responding to a pending item in Sunguard.?
What is click on the item number in Sungard, put in the comment box your explanation and then click on the update tab?
400
The length of time that an OSJ has to approve a Variable Annuity.
What is 7 days?
500
This program is used by representatives and their OSJ for completing Audits.?
What is AuditTrax?
500
The amount of time that you must maintain a termed/deceased clients files.
What is 6 years?
500
This form is required for ALL staff, registered and unregistered, if DBA is not NEXT Financial Group, INC.
What is an OBA form?
500
If a rep does not attend the NEC, this is the program that a rep would use to complete his/her Firm Element Training??
What is RegEd?
500
Your option for rolling over an employer plan that you were the investment advisor on.
What is rolling it into an advisory account for 12 months and a 10bps reduction.
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