1. All reports to TRF must include all of the following except:

A) Number of shares listed in round lots and odd lots
B) If the firm bought, sold, or crossed the stock
C) The time of execution if being reported late after 90 seconds
D) Price excluding commissions, markups, and fees

2. All of the following may trade on the floor of the NYSE except:

A) Regular member
B) Two dollar broker
C) Allied member
D) Commission house broker

3. A broker dealer executing customer orders must post activity to the blotter

A) By the end of the following day
B) By the end of the following business day
C) By the end of the trade date
D) By the end of the settlement date

4. A broker dealer may have a debt to equity ratio of more than 70% of its available capital for up to:

A) 30 days
B) 45 days
C) 60 days
D) 90 days

5. A broker dealer has $530,000 in equity and $670,000 in debt. These levels of equity and debt have remained constant for 28 days. Which of the following is true.

A) The firm will be in violation in 3 days
B) The firm will be in violation in 63
C) The firm will be in violation in 33 days
D) The firm is out of business

6. A woman who is short 1,000 shares of XYZ at 105 is going on vacation. She enters orders to buy either 1,000 shares of XYZ at 101 GTC (to cover her short sale should the stock decline to 101), or 1,000 at 109 buy-stop GTC (to cover her short sale if the stock should go up to 109). She tells the R.R. she wants to close out her short position of 1,000 XYZ by either buying the stock at a lower price than she bought it at (101), or at a higher price if it should advance (at 109). The stock declines to 101, but only 700 shares are bought at 101. The GTC orders would now be changed to:

A) Buy 300 XYZ at 101 or 1,000 XYZ at 109 buy-stop GTC.
B) Buy 300 XYZ at 101 or 300 XYZ at 109 buy-stop GTC.
C) Buy 700 XYZ at 100 or 300 XYZ at 109 buy-stop GTC.
D) Buy 300 XYZ at 101 or 700 XYZ at 109 buy-stop GTC.

7. A broker dealer must conduct a quarterly count of the securities in its control. Which of the following are not included in the count?

A) Securities to be delivered to another reporting member as the result of an option exercise
B) Securities in bearer form delivered to another reporting member
C) Securities subject to a repurchase agreement
D) Securities subject to a reverse repurchase agreement

8. A stock with a current market value of $35 splits 5-for-4. What price would the stock be adjusted to immediately following the split?

A) $43.75
B) $26.25
C) $28.00
D) There is no adjustment

9. A broker dealer that does business exclusively in open end mutual fund shares and transmits customer's orders on a wire basis must have a net capital of:

A) 5,000
B) 25,000
C) 30,000
D) 50,000