Series 50: Exercise

Taken from our Series 50 Online Guide

Exercise

Answer the following multiple choice questions.

1.A dealer that fails to pay a registration fee within _____ days of the invoice date may incur a late fee.

A.15 days

B.30 days

C.45 days

D.5 days

2.The annual MSRB fee of $1,000 is due by:

A.January 1

B.December 31

C.September 30

D.October 31

3.Which of the following statements is true regarding the annual affirmation period?

A.Form A-12 is not required to be affirmed if it was submitted less than a year ago.

B.The period ends January 15.

C.A firm can choose to conduct the annual affirmation at the start of its fiscal year instead of in January.

D.The affirmation process must be undertaken by the Primary Regulatory Contact,

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