Miscellaneous-1
Miscellaneous-2
Miscellaneous-3
Miscellaneous-4
Miscellaneous-5
100
A document that outlines the procedures to follow if Jerome gets invited to the Sprint Center for a concert compliments of Tara at Schwab.
What is the FAS Gifts and Entertainment Policy?
100
A document that outlines the measures FAS takes to protect the privacy and security of client information.
What is the FAS Privacy Policy Notice?
100
An activity that must be approved by FAS BEFORE I begin to participate in and earn any compensation from such activity.
What is an Outside Business Activity?
100
The purchase or sale of the wrong security or wrong amount of securities.
What is a Trade Error?
100
Jason's client working for Coca-Cola and telling Jason to keep it a secret, but the company is buying out Pepsi next week. Jason immediately buys lots of Coca-Cola stock for his personal account and a few of his other clients.
What is Insider Trading?
200
An FAS client sending Jason a letter stating how upset he is regarding the manner in which FAS handled his investments.
What is a Complaint?
200
A client’s first and last name (or first initial and last name) and social security number, date of birth, or financial account number.
What is Personal Information?
200
Not less than five (5) years from the end of the applicable fiscal year.
What amount of time is an Investment Adviser required to keep books and records?
200
A responsibility to be loyal to clients.
What is Fiduciary Duty?
200
Information that could have a substantial effect on the price of a company's securities.
What is Material Information regarding Insider Trading?
300
One hundred dollars from any one Financial Professional to any one Financial Professional recipient.
What is the Annual Gift Limit?
300
Investment Advisers Act of 1940
What Federal Regulation governs Investment Advisers?
300
An unauthorized acquisition or unauthorized use of (1) unencrypted data or (2) encrypted electronic data and the confidential process or key needed to defeat the encryption. This acquisition or use must also create a substantial risk of identity theft or fraud concerning a client.
What is a Breach of Security?
300
Jerome communicating with a client on his personal email account (i.e. gmail, yahoo, etc.).
What is PROHIBITED in regards to company email communications?
300
The execution of securities transactions for clients in such a manner that the clients’ total cost or proceeds in each transaction is the most favorable under the circumstances.
What is Best Execution?
400
An occasional meal, event tickets or comparable business entertainment which is neither so frequent nor so extensive as to raise any question of propriety.
What is Reasonable Business Entertainment?
400
Uniform Application for Securities Industry Registration or Transfer.
What is a Form U4?
400
A document that can reveal certain "bad-boy" events regarding a new potential employee FAS might hire.
What is Form U4?
400
Max working evenings at Quick Trip for a little additional money to support Polina's shopping habit.
What is an Outside Business Activity that must be pre-approved?
400
Pension plans; 401(k) plans; profit-sharing plans; and welfare benefit plans.
What are ERISA plans?
500
Pens, tee shirts and golf balls with the FAS Logo.
What are Non-Reportable Gifts?
500
An Access Person receiving any benefits substantially equivalent to those of ownership.
What is "Beneficial Ownership" according to the FAS Code of Ethics?
500
Securities Act of 1933 Securities Exchange Act of 1934 Trust Indenture Act of 1939 Investment Company Act of 1940 Investment Advisers Act of 1940 Sarbanes-Oxley Act of 2002 Rules and Regulations
What Federal Regulations govern the Securities Industry?
500
Tom Meier inviting a few of his buddies from Morgan Stanley to accompany him to the Kansas City Ballet at the new Kauffman Center compliments of Tom.
What is Reasonable Business Entertainment?
500
(1) Guaranteeing any security or investment product recommended to the client or the performance of a client's investment or account; (2) Signing a client's name to any document, even if the client gives permission to do so; or (3) Accepting money from a client as additional compensation for investment management services offered.
What are some prohibited activities for an IA Rep?
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