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NEW QUESTION: 1

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

NEW QUESTION: 2
NewWave Investments, a family of mutual funds, hires the star of a new motion picture about the
workings of Wall Street to provide a testimonial as part of NewWave's new television ad campaign. The
actor's financial adviser has, in fact, invested some of the actor's monies in NewWave's funds. NewWave
provides the actor with a script in which the actor explains the concept of dollar cost averaging to the
viewers. At the conclusion of the actor's explanation, the viewers are informed that the actor has been
paid for his testimonial, that his experience may not be representative of that of other clients, and that past
performance is no guarantee of future performance. Based on these facts:
A. NewWave has violated no rules; it has complied with all of FINRA's disclosure requirements.
B. NewWave has violated a FINRA rule requiring that any testimonial that contains a technical aspect
related to investing must be given by someone who has both the knowledge and experience to hold a
valid opinion on the topic.
C. NewWave has violated a FINRA rule that prohibits testimonials of public figures from being used in
advertisements.
D. NewWave has violated a FINRA rule stipulating that testimonial providers can receive no payment for
their testimonies.
Answer: B
Explanation:
When NewWave hires an actor who is unlikely to have the knowledge to understand fully the
concept of dollar cost averaging to explain it, it has violated a FINRA rule requiring that any testimonial
that contains a technical aspect related to investing must be given by someone who has both the
knowledge and experience to hold a valid opinion on the topic. The use of testimonials is not prohibited by
FINRA, and providers are allowed be paid for their services.

NEW QUESTION: 3
Which document or material may be used to supplement the HP SaaS contracts?
A. an HP SaaS Integration matrix
B. an HP Financial Services lease agreement
C. a hosting agreement with Amazon cloud services
D. a letter from the partner organization that modifies the standard HP SaaS terms
Answer: B

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