This month’s study question from the Solomon Online Exam Simulator question database is now available.
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This question is relevant to the SIE, Series 6, 7, 22, 24, and 82 exams.
Question:
Which of the following people would be considered a specified adult?
Answer Choices:
A. A 16 year old with autism
B. A 30 year old
C. A 60 year old with a heart condition
D. An 18 year old in a coma
Correct Answer: D
Explanation: A specified adult is a natural person age 65 and older or a natural person age 18 and older who the member firm reasonably believes has a mental or physical impairment that renders the individual unable to protect his or her own interests.
B- A 30 year old
D. An 18 year old in a coma
The answer should be D: 18 year old in a coma, because specified person is anyone over 65, or an adult over 18 who does not have the ability to make financial decisions.