Evan works at a brokerage firm where he accepts deposits of money to put into customer accounts. Evan notices that one customer brings in a deposit for $9,500 every week. What should Evan do?

Report this to his manager because it is a sign of possible money laundering.

Ask the customer if he or she is laundering money.

Put a freeze on the account and tell the customer that it is due to suspicious activity in the account.

Nothing - the deposits are not big enough to warrant concern.

A customer must be sent or given a confirmation at or before settlement with all of the following information EXCEPT:

Which market the trade was executed in

Commission on trade, if acting as an agent

Markups/mark-downs on NASDAQ securities if acting as principal

Whether the broker acted in a dual agency capacity

If a respondent does not dispute allegations against them, FINRA may request that they submit a letter of:

Acceptance, waiver, and consent

Processing, verification, and admittance

All of the following actions are prohibited under the Securities Exchange Act of 1934 EXCEPT:

Introducing a third party into the transaction resulting in the client getting a better price

Making excessive trades in a client's account

Mixing firm funds with the client funds to put up collateral for a loan

Introducing a third party into the transaction resulting in the client getting a better price

All of the following are true of customer complaints and disputes EXCEPT:

They must be responded to by a firm principal in writing within 10 days

Disputes are handled under the FINRA Code of Arbitration

They must be responded to by a firm principal in writing within 10 days

Clients may not appeal arbitration decisions to the Federal court system

One of a firm's principals must maintain a file of complaints

All of the following must submit fingerprints under Rule 17f-2 EXCEPT:

A local branch's computer technician

The cashier at a local branch office

A local branch's computer technician

If the SEC finds that a broker-dealer has included false or misleading material facts or has omitted necessary information on their registration for application, the SEC may do all of the following except:

Suspend broker-dealer for 18 months

Place limitations on broker-dealer's activities

Suspend broker-dealer for 18 months

Revoke registration of broker-dealer

Place limitations on the broker-dealer's operations

Series 26 Sample Quiz

Investment Company Products/Variable Contracts Limited Principal Exam

Number of Questions	10
Time Duration	Untimed
Answer Feedback Instant validation and rationale
Percentage required to pass	70%

Start Test

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SERIES 26 ONLINE STUDY GUIDE

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SERIES 26 VIDEO LECTURE

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SERIES 26 AUDIOBOOK

If you like to listen, the Solomon Series 26 Audiobook offers you the perfect way to study for your exam while you’re commuting, working out or doing the dishes! The Solomon Series 26 Audiobook is a 9-hour audio recording of the Solomon Series 26 Study Guide. The guide is written in clear easy-to-understand language and contains the information you need to know to pass your exam.

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The Solomon Series 26 Audiobook is a verbatim reading of The Solomon Exam Prep Guide to the Series 26 FINRA Investment Company and Variable Contracts Products Principal Qualification Examination.

The Series 26 Audiobook is a great companion to the Series 26 Online Exam Simulator the industry-leading online testing program that ensures you are learning and retaining the information.

Available in the following formats:

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