Definitions & Facts
The WPP stands for
What is Written Policies and Procedures
How often are compliance reviews conducted?
What is annually at minimum
Ashley is using her company laptop to watch innapropriate videos of Russian ladies. What should you do?
What is notify my supervisor
Responsible for preparing all proposals
Illegal, however something Marty Byrde does exceptionally well
What is Money Laundering
What does FINRA Stand For
# of Years we are required to retain records
what is 5
My side hustle is considered an __________ and should be reported promptly
what is outside business activity
List all social networking sites that can be used for business
What is LinkedIn
Gifts of a nominal value (i.e., a single or multiple gifts whose reasonable aggregate value is no more than _____ annually from a single giver), customary business lunches, dinners, entertainment at which both the employee and the giver are present (e.g., sporting or cultural events), and promotional items (e.g., pens, mugs) with an aggregate annual value that does not exceed ______, may be accepted.
What is $100
GLBA stands for
what is the Gramm-Leach Bliley Act
A file that must be maintained, even if empty
What is a client Complaint File
If the Company receives a check from a client payable to a third party such as a custodian, the Company will make a photocopy of the check, issue a receipt to the client and then forward the check directly to the third party. A copy of the check, the receipt, and the transmittal form will be kept in a master custody file.
forward the complaint to CCO
We would never hire Martha Stewart, as she went to jail for...
What is Insider Trading
What do pay-to-play practices involve?
payments, including political contributions, made or solicited by advisers to government officials or candidates who may directly or indirectly influence the awarding of advisory contracts for state and local government entities, including, for example public pension plans or other government funds.
If sending out communication to X or more people must be compliance approved
what is 5
Three things to avoid on social media
testimonials, ProCOurse name, reference clients, commenting on a security or investment, the website, posts of a harassing nature, personal attacks on your clients coworkers competition or vendors
the email or messaging function on any social networking site to communicate business-related information.
Business-related communications to client and prosects should be from_
the Firm’s email address and not any other electronic media or forum
After reviewing the WPP, I must...
a Supervised Person who has access to nonpublicinformation regarding any client’s purchase or sale of securities, is involved in making securities recommendations to clients, or has access to such recommendations that are nonpublic. All of the Company’s managers, officers, and members are presumed to be______
What is an Access person
Giving gifts of _____ or more per year is prohibited
What is 500
Texting with a client should never involve
what is conducting firm business
Who is KSM