FINRA General Securities Representative Examination (GS) (SERIES) - Finra Actual Exam Questions
Last updated on May 02, 2026
Under Regulation T of the Federal Reserve, when may a broker overlook an amount due in a customer’s account?
if it does not exceed $1,000
if the client makes a request in writing
if the value of a trade is less than $1,000
under no circumstances
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The general purpose of the Securities Act of 1933 is to:
regulate the activities of investment advisers
regulate the sale of securities on national exchanges
provide for disclosure of information about new securities offerings
provide for disclosure of the financial condition of underwriters
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A bank or trust company that is acting as custodian for a mutual fund does which of the following?
guarantees investor losses on investments
provides investment advice to the fund’s managers
redeem and issues fund shares
physically protects the fund’s assets
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Regulation T is set at 50%. Bubba’s account contains long positions in the following securities with the prices listed: 100 ABC $30 200 XYZ $70 200 QBB $40 200 KKK $25 Total market value = $30,000 Debit balance in the account = $12,000 Net equity balance of the account = $18,000 If Bubba wants to buy 100 shares of DUM at $30 per share, how much additional money must be deposited?
$3,000
$1,500
$2,000
$0
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Which of the following securities provides the longest term of option privilege?
puts
calls
warrants
rights
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