Vicky, a CFP professional, received a traffic ticket for driving 45 MPH in a 25 MPH school zone. She has to pay a $350 fine and attend driving school. How many days does she have to report the ticket to the CFP Board?

15 days

30 days

45 days

She does not need to report the ticket

Insurance laws are regulated under:

The SEC

Congressional oversight

The NAIC

The state administrator

The first steps or phases in the investigated hearing process include:

Igrievance

IIanalysis

IIIself-disclosure

IVself-discovered

Justin, a CFP professional, has received an order of suspension from CFP Board.Which of the following is Justin required to do, according to theDisciplinary Rules and Procedures?

Within 5 days Justin must pay CFP Board a fine of up to $10,000.

Within 10 days Justin must pay restitution to all clients harmed by the action that caused his suspension.

Within 15 days Justin must report the suspension to the attorney general of the state in which Justin's primary office is located.

Within 30 days Justin must provide to CFP Board evidence that he has ceased all use of the marks.

A registered investment adviser is required to keep all the following records, EXCEPT:

Written agreements with clients

Names of securities recommended

Documents granting discretionary power

Log of phone calls to clients

I, II only

III and IV only

I, III and IV only

I,II,III,and IV

Ben has $10,000 in his checking account, a $25,000 vehicle, $50,000 in stocks and bonds, and a $15,000 car loan. What is his net worth?

$10,000

$60,000

$70,000

$85,000

A client is on vacation and goes out bicycling. During the excursion, his wallet falls out of his pants. He realizes the loss shortly after when stopping for an afternoon glass of wine and reports the loss immediately. In the wallet are his Discover, American Express, Citibank MasterCard and Capital One Visa. When reporting the loss, he is relieved to find that there have been no charges made on the cards. The next morning, out of curiosity, he goes online to check his balances. He is shocked to see the following charges since the cards have been reported stolen.Your client is responsible for _____.

Discover$25

AmericanExpress$0

MasterCard$3,000

Visa$5,025

$0

$125

$200

$8,050