Answer:
B) II & IV
II. The Agent of the Broker-Dealer would be allowed to provide a potential customer with such a sales piece or summary if it does not omit any relevant information that the client would need to determine if they would like to buy the security.
IV. The Agent of the Broker-Dealer, when creating a summary or sales piece, is required to present a fair and balanced presentation of all material information from the prospectus.
Explanation:
Under North American Securities Administrators Association (NASAA) rules, when an agent or a broker-dealer creates a summary sheet or sales piece, it must include a fair and balanced presentation of all the important and relevant information that their client may need to be able to make a decision as to whether or not they want to purchase the security. Obviously the client trusts his/her agent, but the client must be given all the information necessary for him/her to decide whether the agent's advice should be followed or not.
Answer:
True
Explanation:
In Microeconomics, there is a correlation between offer and demand. If the market demand stays the same, in a competitive industry expanding its demand other suppliers will come into the game.
So, in the long run. Prices will end up to fall as a result, until it stabilizes on average.
The main purpose of a code of ethics is to establish basic principles in order to preserve the integrity of the business and its workers.
Generally, a board member who is a source of information about a firm's day-to-day activities is classified as inside director
<h3>
what is board of directors?</h3>
- A board of directors (also known as the board) is an executive committee that oversees the activities of an organisation, which can be for-profit or nonprofit, such as a business, nonprofit organisation, or government agency.
- Government rules (including the jurisdiction's corporation law) and the organization's own constitution and by-laws control the rights, duties, and obligations of a board of directors.
- These authorities may specify the number of board members, how they will be chosen, and how frequently they will meet.
learn more about board of directors refer:
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Answer: Option D
Explanation: A Negotiable Deposit Certificate refers to a $100,000 initial face value deposit contract. These are lent by a bank and therefore can typically be offered on a highly liquid resale market,although before completion of maturity period they can not be cashed in.
An NCD is brief-term, varying from two weeks and a year. Cost will be charged at completion or the unit will be bought at a discount over its face value. Rates of interest are trad-able, and an NCD's yielding depends on the circumstances of the stock market.
Thus, from the above we can conclude that the correct option is D.
