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NEW QUESTION: 1
A. Option D
B. Option C
C. Option B
D. Option A
Answer: A,C
NEW QUESTION: 2
If a customer fails to pay for securities purchased in a cash account, the member firm broker will do which
of the following?
A. liquidate the securities or otherwise cancel the transaction
B. purchase the securities for the firm's error account
C. grant an extension for a bona fide reason
D. place the securities temporarily in a general account
Answer: A
Explanation:
liquidate the securities or otherwise cancel the transaction. Reg T requires the position
closed if the customer fails to comply with the rules. An extension may be granted, but not by the member
firm. Only an exchange or the FINRA grants extensions for bona fide reasons.
NEW QUESTION: 3
What is the primary different between AAA authentication and authorization?
A. Authentication controls the system processes a user can access and authorization logs the activities the user initiates
B. Authentication identifies and verifies a user who is attempting to access a system, and authorization controls the tasks the user can perform.
C. Authentication identifies a user who is attempting to access a system, and authorization validates the users password
D. Authentication verifies a username and password, and authorization handles the communication between the authentication agent and the user database.
Answer: B