Finra Exam Series-7 Topic 7 Question 73 Discussion

Actual exam question for Finra's Series-7 exam

Question #: 73
Topic #: 7

The Bubba Insurance Company is not incorporated. It consists of Bubba and his two brothers as general partners, who maintain an active securities account in the name of the company. If one of the partners should suddenly die, what course of actions should be undertaken by the registered representative at the brokerage?

Afreeze the account from further activity until a death certificate and new partnership agreement are furnished to the brokerage

Bno special action is required because the death of a single partner does not terminate the partnership agreement

Cdistribute the assets in the account to the surviving partners

Dexecute sell orders but do not accept buy orders or distribute assets from the account until a new partnership agreement is provided to the brokerage

Show Suggested Answer

Suggested Answer: D

predictions of recession in the economy. All of the other choices are technical market indicators. An economic forecast is ''fundamental'' market data.

by Deeanna at Aug 05, 2023, 02:36 PM

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