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NEW QUESTION: 2
Which of the following is an example of commingling?
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B. Mr. Hawk encourages his clients to leave their securities in "street name" with the broker-dealer for which Mr. Hawk works.
C. In order to generate more commissions for herself Ms. Fox makes trades on some of her client's accounts and has the trade confirmations sent to a P.O box she owns.
D. Sly is an agent with a broker-dealer who recently executed a stock purchase for his client and had the client make the check for the purchase out to Sly for deposit in Sly's broker-dealer account.
Answer: D
Explanation:
Explanation/Reference:
Explanation: When Sly has his client pay for a stock purchase by making the check out to Sly himself, he has engaged in the prohibited practice of commingling. Ms. Fox is also engaged in a prohibited practice, but she is engaged in making unauthorized transactions. Mr. Hawk is doing nothing wrong. It is typical for clients to leave securities on deposit with their broker-dealers in what is called "street name." This makes it easier for the client to sell the securities later on since he physically will not have to deliver the securities to the broker, for one thing.
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Refer to the exhibit. An engineer is troubleshooting non-802.11 interference and observes the shown output. Which interference signature is depicted?
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B. cordless phone
C. FHSS Bluetooth
D. analog video cameras
Answer: D
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