Series 50: Exercise

Exercise

Answer the following multiple choice questions

1. 1. A dealer that fails to pay a registration fee within _____ days of the invoice date may incur a late fee.
2. A. 15 days
3. B. 30 days
4. C. 45 days
5. D. 5 days
6. 2. The annual MSRB fee of $1,000 is due by:
7. A. January 1
8. B. December 31
9. C. September 30
10. D. October 31
11. 3. Which of the following statements is true regarding the Annual Affirmation Period?
12. A. Form A-12 is not required to be affirmed if it was submitted less than a year ago.
13. B. The period ends 15 business days after January 1.
14. C. The annual fee is not due during the Annual Affirmation Period.
15. D. The affirmation process must be undertaken by the Primary Regulatory Contact, Optional Quality Contact, or the Compliance Contact.

Answers