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NEW QUESTION: 1

A. Option D
B. Option B
C. Option C
D. Option A
Answer: B,D

NEW QUESTION: 2
You are demonstrating an HPE 3PAR StoreServ 3000 array to your customer and are asked to demonstrate the File Persona features. What do you need in order to demonstrate these features?
A. a File Persona license for the required capacity
B. additional NIC cards in trie array controllers
C. 4 x 10 GB Ethernet cards
D. a File Persona license for the entire array
Answer: A

NEW QUESTION: 3
Which of the following would not be a prohibited activity for a broker-dealer?
I. A broker-dealer tells a client that a municipal revenue bond offered by the city of Boston, Massachusetts
is almost risk-free because it is backed by the taxes paid to the city, and the city generates a lot of tax
dollars.
II. A broker-dealer sells a client some bonds that the broker-dealer has in its portfolio, after informing the
client that it is acting as a seller in the transaction.
III. A broker-dealer purchases some stock that a client is selling for its own portfolio, after informing the
client that it is acting as a buyer in the transaction.
IV. A broker-dealer purchases 1,000 shares of Southwest Airlines for a client who calls and asks the
broker-dealer to buy some shares of a domestic airline stock at a good price for him and receives written
discretionary authority from the client two days later, prior to the settlement date.
A. I and IV only
B. I only
C. II, III and IV only
D. II and III only
Answer: D
Explanation:
Only Selections II and III describe activities that are not prohibited for a broker-dealer. A
broker-dealer can act as a dealer and either sell securities that it owns to a client, as described in
Selection II, or buy securities from a client, as described in Selection III, to hold in its own portfolio as long
as it discloses to the client that it is doing so. A broker-dealer cannot tell a client that a revenue bond
issued by the city of Boston, Massachusetts is almost risk-free since there is a risk of default, especially in
the case of a revenue bond, which is not backed by the full taxing power of the city, but only by the
revenues generated by a specific project. Moreover, there are other risks involved in bond investments,
such as interest rate risk, so Selection I is a prohibited activity. A broker-dealer cannot make a
discretionary trade for a client that involves more than just price and time within receiving written
authorization prior to executing the trade, so Selection IV also describes a prohibited activity.

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