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NEW QUESTION: 1
Mr. Schaker hasn't been seeing a lot of clients these days with the recent market downturn-which means he hasn't been generating any commissions, and commissions are his bread and butter. So, Mr. Schaker does some Googling on his computer and notes that a prominent family of load funds has just introduced a new global fund. Scribbling the name and contact information of the fund family on his notepad, he begins calling his existing clients and promoting the new fund, encouraging his clients to redeem some shares in their existing funds to invest in this fund.
Has Mr. Schaker violated any securities laws?
A. No. Research indicates that new funds tend to offer abnormally high returns for the first 12 months of their existence, so Mr. Schaker is doing his clients a favor even if he himself stands to profit.
B. Yes. Mr. Schaker is recommending the fund to his existing clients to benefit himself, not them.
C. No. In FINRA's rules regarding fair dealing with customers, the SRO clearly states that "This does not mean that legitimate sales efforts in the securities business are to be discouraged. . . "
D. Yes. A registered representative should always refrain from recommending shares of a load fund; trades involving load funds should always be "unsolicited."
Answer: B
Explanation:
Explanation/Reference:
Explanation: Yes. Mr. Schaker has violated securities laws in recommending a fund that he doesn't even seem to have researched very well to his existing clients, some of whom may not be suitable candidates for a global fund, which invests in foreign as well as domestic securities. Although FINRA's rules do indicate that it is not trying to stymie legitimate sales efforts, Mr. Schaker's actions do not fall within this category. There is no research that indicates new funds tend to offer abnormally high funds for the first 12 months of their existence, and if Mr. Schaker would have implied that, he could be up on criminal fraud charges. There is no law, however, that prohibits a registered representative from recommending a load fund to a client, as long as there is a legitimate reason for doing so.
NEW QUESTION: 2
What parameters need to be modified in the Installation Manager response file to change the default port numbers during a silent installation?
A. IBM WebSphere Portal always scans for active ports at 10000 and ends at 65000 during installation. This behavior cannot be affected using command parameters.
B. <data key='user.wp.admin.port,com.ibm.websphere.PORTAL.SERVER.v80' value='<port>'/> and <data key='user.wp.portal.port,com.ibm.websphere.PORTAL.SERVER.v80' value='<port>'/>
C. <port.admin='<port>'/> and <port.wps='<port>'/>
D. -W portBlockInput.startingPortToScan=port number -W portBlockInput.endingPortToScan=port number -W portBlockInput.portBlockSize=block size
Answer: B
NEW QUESTION: 3
Which of the following BEST ensures IT incident and problem management practices will meet expected service level agreements (SLAs)?
A. Defining problem impact and urgency levels through consultation with the business
B. Obtaining regular progress reports from IT change management on problem resolution
C. Creating records of known errors and documenting procedures for workarounds
D. Incorporating lessons learned into problem resolution review meetings
Answer: A
NEW QUESTION: 4
Referring to the exhibit, a failure has occurred and the original VCF has split into two separate VCFs. The VCF associated with SW-1 is active and the VCF associated with SW-3 is inactive.
In this scenario, why are the two VCFs in these states?
A. The active VCF contains less operational interfaces than the deactivated VCF.
B. The active VCF contains the backup RE and more than half of the VCF members.
C. The active VCF contains the master and backup REs.
D. The active VCF contains the master RE and more than half of the VCF members.
Answer: D
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