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NEW QUESTION: 1
Joe Romeo is a broker-dealer registered with the state. He has recently hired Betty Buxom as his
administrative assistant. As part of her duties, he has given her the responsibility for effecting the
purchases and sales of securities for some of his firm's smaller accounts. Ms. Buxom has never applied
for nor been granted registration as a broker-dealer or agent. Based on these facts,
A. the Administrator is required by the Uniform Securities Act to revoke Joe Romeo's registration and file
criminal and civil charges against him.
B. the Administrator may elect to revoke or suspend Joe Romeo's registration, and Joe may also face
both civil and criminal penalties.
C. there is no problem as long as Ms. Buxom registers with the state as an agent within thirty days.
D. the Administrator is required to turn the case over to the state's district attorney, who will file criminal
charges against both Joe Romeo and Betty Buxom.
Answer: B
Explanation:
Since Joe Romeo has allowed Betty Buxom to execute trades, a duty that can legally be
performed only by a registered broker-dealer or agent, the Administrator may elect to revoke or suspend
Joe Romeo's registration, and Joe may also face civil and criminal penalties. Ms. Buxom needed to be
registered as an agent prior to effecting any transactions in the securities markets; there is no grace
period. The Administrator is not required to take any action, however.
NEW QUESTION: 2
A. Option A
B. Option B
C. Option C
D. Option D
Answer: B
NEW QUESTION: 3
Section B (2 Mark)
If Raman Industries Ltd. share price is Rs.50 and its current dividend is Rs.5/- per share which is growing at 7 percent rate per year, determine its required return?
A. 4.10 percent
B. 17.25 percent
C. 17.70 percent
D. 18.70 percent
Answer: C
NEW QUESTION: 4
Which information does the usage list for equipment display?
Please choose the correct answer.
Response:
A. Failure frequency
B. Material consumption
C. Operating hours
D. Validity periods
Answer: D
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