Practice Quiz

FINRA Series 63 (NASAA)

Category - Series 63

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Mina is a new agent with SecureMoney Broker-Dealers and is struggling to make ends meet. She gets a job as a receptionist at a fitness club on the weekends to generate more income. Which of the following is true?
  1. Mina should have notified SecureMoney in writing before signing on to work at the fitness club.
  2. Because the job as a receptionist at a fitness club has nothing to do with the world of finance, Mina has done nothing inappropriate.
  3. Mina simply needs to tell her immediate supervisor at SecureMoney about her new job.
  4. Mina needs to send notice to the state Administrator informing him of her extracurricular activity.
Explanation
Answer: A - Mina should have notified SecureMoney in writing before taking on the job at the fitness club. Regardless of whether the job has anything to do with finance, an agent must notify her broker-dealer in writing prior to engaging in any extracurricular activity for which she gets paid. She is not required to send any notice to the Administrator, however.
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