Finra Series 9

Question 1

What does FINRA stand for?

Answer 1

Financial Industry Regulatory Authority

Question 2

What is the primary purpose of the Series 9 exam?

Answer 2

To assess the competency of individuals to supervise the sales activities of registered representatives.

Question 3

True or False: The Series 9 exam is required for all securities professionals.

Answer 3

False

Question 4

What is the passing score for the Series 9 exam?

Answer 4

70%

Question 5

How many questions are on the Series 9 exam?

Answer 5

50 questions

Question 6

Fill in the blank: The Series 9 exam focuses on ________ and ________ of securities products.

Answer 6

supervision, regulation

Question 7

What type of questions can be found on the Series 9 exam?

Answer 7

Multiple choice questions

Question 8

What is the validity period of the Series 9 license?

Answer 8

Two years

Question 9

Which of the following is NOT a topic covered in the Series 9 exam? A) Supervision of trading B) Customer accounts C) Taxation of securities

Answer 9

C) Taxation of securities

Question 10

True or False: The Series 9 exam includes questions on anti-money laundering practices.

Answer 10

True

Question 11

What is one of the key responsibilities of a supervisor as tested on the Series 9 exam?

Answer 11

Ensuring compliance with regulatory requirements.

Question 12

Which regulatory body administers the Series 9 exam?

Answer 12

FINRA

Question 13

What is the recommended study time for the Series 9 exam?

Answer 13

Approximately 30-40 hours

Question 14

Fill in the blank: The Series 9 exam is part of the ________ licensing process.

Answer 14

securities

Question 15

What is the minimum age requirement to take the Series 9 exam?

Answer 15

18 years old

Question 16

True or False: Candidates can take the Series 9 exam without being associated with a FINRA member firm.

Answer 16

False

Question 17

What is a common study resource for the Series 9 exam?

Answer 17

FINRA’s official study materials

Question 18

Which of the following is a key area of focus in the Series 9 exam? A) Ethics B) Options trading C) Supervision of trades

Answer 18

C) Supervision of trades

Question 19

What is the time limit for completing the Series 9 exam?

Answer 19

105 minutes

Question 20

Fill in the blank: The Series 9 exam emphasizes the importance of ________ in the financial services industry.

Answer 20

ethical conduct

Question 21

What is the consequence of failing the Series 9 exam?

Answer 21

Candidates can retake the exam after a waiting period.

Question 22

True or False: The Series 9 exam tests knowledge of both state and federal regulations.

Answer 22

True

Question 23

What is one of the primary roles of a supervisor in a brokerage?

Answer 23

Monitoring trading activities.

Question 24

What is the format of the Series 9 exam?

Answer 24

Computer-based test

Question 25

True or False: The Series 9 exam includes practical scenarios.

Answer 25

True

Question 26

What is a common mistake candidates make when preparing for the Series 9 exam?

Answer 26

Underestimating the importance of practice exams.

Question 27

What types of products does the Series 9 exam cover?

Answer 27

Equities, options, and mutual funds.