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NEW QUESTION: 1
Desi Genuos is an agent with Broker-Dealer CanDo. A client has asked Desi to recommend a mutual fund
that does not have a sales charge. Desi recommends a fund that has no front-
end load although it does have a deferred sales load if the investor redeems his shares within the first
three years of ownership, but the client has informed Desi that he is looking at this as a long-term
investment. Based on these facts, Desi
A. will not be in violation of any NASAA rules as long as he has his client sign a "letter of intent."
B. is not in violation of any rules because he is an agent of a broker-dealer and is not affiliated with the
fund he has recommended in any manner.
C. is not in violation of any rules since the fund has no front-end load and the deferred sales load will not
apply to this client, given his indication that this is meant to be a long-term investment.
D. is in violation of NASAA rules regarding investment company shares.
Answer: D
Explanation:
If Desi recommends a mutual fund that has a deferred sales load to a client who requests a
mutual fund with no sales charge, he is in violation of NASAA rules regarding investment company shares.
The NASAA rules specify that it is prohibited for an agent to state or imply that the investment has no
sales charge if there is a deferred sales load involved. It doesn't matter if, in fact, the deferred load may
never have to be paid by the client. A letter of intent involves a statement of intent by the investor to invest
an amount that will meet a breakpoint that will entitle him to a lower load charge. This is not pertinent to
this specific question.

NEW QUESTION: 2
MCU built-in web page settings management export items, the following can not be exported ()
A. License
B. Gateway/MCU configuration
C. Status table
D. Log
Answer: C

NEW QUESTION: 3
Given the following statement:
CREATE TABLE tab1
(col1 SMALLINT NOT NULL PRIMARY KEY,
col2 VARCHAR(200) NOT NULL WITH DEFAULT NONE,
col3 DECIMAL(5,2) CHECK (col3 >= 100.00),
col4 DATE NOT NULL WITH DEFAULT)
Which of the following definitions will cause the CREATE TABLE statement to fail?
A. COL4
B. COL2
C. COL1
D. COL3
Answer: B