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NEW QUESTION: 1
Which of the following scenarios describes activities that are disallowed under the NASAA Model Rules?
I. Broker-dealer Anon observes that a client placed a stop loss order to sell her 1,500 shares of Amazon.com stock for $131 when the stock was selling for $134. Anon sold the stock for $133 when it started to fall during the day and credited the client's account with $131 per share when stock dropped further to $129 a share.
II. Penny is an agent with Broker-dealer Anon. She recently recommended that a client buy a stock that Penny thought would do well. As it turned out, Penny was wrong, and she offers to refund the commission that the client paid her.
III. Broker-dealer Anon is part of the selling group of a hot new IPO. As such, the firm purchases 50% of the shares for its own portfolio and sells the remainder to the public.
A. I, II, and III
B. I only
C. I and III only
D. I and II only
Answer: A
Explanation:
Explanation/Reference:
Explanation: Selections I, II, and III are all disallowed under the NASAA Model Rules. In Selection I, Broker-dealer Anon has made an unauthorized transaction and has also stolen from his client. The stop order indicated that the client's Amazon.com order should be effected only if the stock dropped to $131 a share or less. Anon jumped the gun and sold it for $133, but only gave the client the specified price of $131 a share. In the scenario described in Selection II, Penny's intentions might have been good, but an agent is not allowed to refund commissions. Anon is also in violation in Selection III's scenario. A member of the selling group is expected to make "bona fide" public offerings of the securities allotted him. To purchase some of the securities for itself is prohibited.

NEW QUESTION: 2
Which of the following would be the most effective action for an internal audit activity to take in order to assist in improving an organization's ethical climate?
I.Review formal and informal processes within the organization that could promote unethical behavior.
II.
Conduct surveys of employees, suppliers, and customers regarding ethics.
III.
Assess the employees' knowledge of and compliance with the organization's code of conduct.
A. II and III only.
B. I only.
C. I and II only.
D. I, II, and III.
Answer: D

NEW QUESTION: 3
An administrator needs to configure a Nutanix cluster to support a clustered application running on two bare-metal servers. This application required shared storage with block-level locking for use with its native failover mechanism.
Which option satisfies these requirements?
A. A volumes instance with external Client Access
B. An NFS distributed share and enable Blocked File Types
C. An RF2 storage container with file system whitelist
D. An SMB standard share with ABE enabled
Answer: A

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