CMFAS RES 1B (Set 2)
SGD 39.90
4 Sep 2025
CMFAS RES 1B Exam Question
Which of the following goods and services qualify as acceptable soft dollar receipts?
a) Premises expenses
b) Employees' salaries.
c) Direct money payment.
d) Referral fees under a referral agreement.
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CMFAS RES 1B (Set 1)
SGD 39.90 Add to cart4 Sep 2025
CMFAS RES 1B Exam Question
A Representative must not directly or indirectly deal in securities which involve no change of beneficial ownership unless it is a:
a) swap sale
b) wash sale
c) trade sale
d) time sale
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CMFAS RES 2A (Set 1)
SGD 39.90 Add to cart4 Sep 2025
CMFAS RES 2A Exam Question
Which type of market manipulation describes a situation whereby a broker trades the opposite side of a customer's order with the intention to profit from the customer's order?
a) Bucketing
b) Cornering
c) Monopolising
d) Inflating
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CMFAS RES 12B (Set 1)
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CMFAS RES 12B Exam Question
A dealer receives a call from a client instructing them to purchase a security that the dealer knows is highly speculative and unsuitable for the client’s risk tolerance. However, the client insists on executing the trade. Which of the following is the most appropriate action?
a) The dealer should proceed with the trade, as the client is responsible for their own investment decisions.
b) The dealer should explain the risks involved, attempt to dissuade the client, but ultimately execute the order if the client insists.
c) The dealer must refuse to execute the trade, as it is clearly unsuitable for the client.
d) The dealer should execute the trade immediately but document the client’s insistence on the trade to protect themselves from potential future complaints.
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CMFAS RES 3 (Set 2)
SGD 39.90 Add to cart4 Sep 2025
CMFAS RES 3 Exam Question
Which of the following statements regarding a Fund Management Company (FMC) is false?
a) If a FMC’s managed assets are not subject to independent custody arrangements, the FMC is required to disclose this fact to the investors and to obtain their acknowledgement.
b) FMCs are required to provide investors with an audit report of the assets each year.
c) FMCs that manage private equity and venture capital funds are not required to comply with client segregation requirements in respect of client moneys.
d) A FMC that acts as investment adviser to another investment manager should satisfy itself that the assets that it advises on are subject to independent custody.