Securities? In This Economy?
Shares of large, well-established, and financially sound companies with a long history of stable earnings, reliable growth, and consistent dividend payments
Blue-chip stocks
What is the principle requiring you to have a legitimate financial or personal stake in something (a person, property, etc.) for its loss or damage to cause you a tangible hardship,
Insurable interest
This SEC regulation, implemented in 2020, requires broker-dealers to act in the retail customer’s best interest when making recommendations
Regulation Best Interest (Reg BI)
What is Taylor Swift's lucky number?
13
How many reindeer does Santa have?
Nine: Dasher, Dancer, Prancer, Comet, Cupid, Vixen, Donner, Blitzen, and Rudolph
What is the cost basis of an inherited mutual fund?
The net asset value (NAV) of the shares when the owner dies
What is the legal term for faking or exaggerating a disability in order to receive disability benefits that you are not entitled to?
Malingering
What age is an client considered a senior for the purposes of protecting seniors and vulnerable adults?
Sixty-five
What is Taylor Swift's newest album?
The Life of a Showgirl
What are the names of Bill McQuaid's four kids?
Kelsey, Bobby, Timmy, Michelle
When is interest on a Treasury note paid?
Semi-annually
What is the earliest age at which an individual is eligible for life insurance coverage?
15 days
Which prohibited practice involves delaying the execution of a customer order while trading first for the firm or the representative’s personal account
Front running
Which of these men was never in a relationship with Taylor Swift: Joe Jonas, Bradley Cooper, Harry Styles, Tom Hiddleston
Bradley Cooper
Which ocean is the Mariana Trench in?
Pacific
What do we call a market order that executes only at a specified price or better?
Limit order
Under what circumstance could a rep pay their client's premiums?
If the client is an immediate family member
What is the annual gift limit for Securities Clients? Insurance Clients?
$100 for both in Alabama and Georgia
Which state have both Bill McQuaid and Taylor Swift lived in?
Rhode Island
A decline in the Gross Domestic Product (GDP) must last for at least how many quarters to be considered a recession?
Two consecutive quarters
What is the maximum gain per share when buying a put option?
Strike price minus premium
In all states, except NY, what is the maximum amount of coverage available on the life of a child?
1.25 times the highest amount of coverage on EITHER parent, up to a max of $1 million
What is the name of any securities transaction outside the regular course or scope of an associated person's employment with a member, including, though not limited to, new offerings of securities?
Private Securities Transactions (PSTs)
What is Taylor Swift's middle name?
Allison
Which science deals with the motion of projectiles?
Ballistics