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NEW QUESTION: 1
Goldie Locks is an agent with Bear Broker-Dealers. One of her clients is a single woman, Annie Spinster, who is retired and needs income from her investment portfolio to meet her current needs for liquidity. In addition to investing in mutual funds, Annie likes the thrill of investing in single stocks and asks Goldie for recommendations. Goldie recommends Annie invest some of her money in Alcon (ACL), a medical instrument and supplies company selling on the NYSE, based on the fact that it has a high dividend yield and is paying a dividend of $2.21 a share, which is guaranteed to continue or even increase, Goldie assures Annie.
Has Goldie violated any laws or engaged in any prohibited practices?
A. Yes. As the agent of a broker-dealer, Goldie is not permitted to make recommendations for specific investments. Only investment adviser representatives and investment advisers can do that.
B. Yes. At the very least, Goldie has committed fraud since she cannot guarantee that a firm's dividend will continue or increase.
C. Both A and B are true.
D. No. Goldie merely responded to a recommendation request from a client, and the recommendation is suitable since the client has a need for current income and the recommended stock pays a high dividend.
Answer: B
Explanation:
Explanation/Reference:
Explanation: In recommending that Annie buy stock in Alcon because its stock is guaranteed to pay a dividend of $2.21 a share or higher, Goldie has committed fraud. The company itself could not even make such a guarantee legitimately. Goldie may also be guilty of an unsuitable recommendation since factors other than dividend yield-such as the risk of the investment--should have been considered. That being said, Goldie is permitted to make recommendations for specific investments as an agent of a broker- dealer, as long as she doesn't receive special compensation for it.
NEW QUESTION: 2
A security analyst at Company A has been trying to convince the Information Security Officer (ISO) to allocate budget towards the purchase of a new intrusion prevention system (IPS) capable of analyzing encrypted web transactions. Which of the following should the analyst provide to the ISO to support the request? (Select TWO).
A. New technologies report
B. Emerging threat reports
C. Best practices
D. Request for Quote (RFQ)
E. Company attack tends
Answer: B,E
NEW QUESTION: 3
You have a Microsoft ASP.NET web application.
You need to store a value that can be shared across users on the server.
Which type of state management should you use?
A. ViewState
B. session
C. cookies
D. application
Answer: D
Explanation:
Application state is a data repository available to all classes in an ASP.NET application.
Application state is stored in memory on the server and is faster than storing and retrieving information in a database. Unlike session state, which is specific to a single user session, application state applies to all users and sessions. Therefore, application state is a useful place to store small amounts of often-used data that does not change from one user to another.
NEW QUESTION: 4
A. Option B
B. Option E
C. Option D
D. Option C
E. Option F
F. Option A
Answer: A,B,C
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PCCSE Exam Info
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