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NEW QUESTION: 1
Pulser Primorak is an investment manager who recently bid in an IPO on behalf of his clients and was allowed to buy 1,000 shares of the issue. What should Primorak do?
A. He should treat all his customers equally and fairly by distributing the IPO shares amongst all his client accounts on a pro rata basis.
B. He should distribute the IPO shares amongst the client accounts over which he has discretionary investment powers on a pro rata basis.
C. He should distribute the IPO shares amongst all his client accounts for which the IPO is an appropriate investment on a pro rata basis.
D. The question is based on a false premise. Primorak should not have bid on an IPO in the first place since this violates the AIMR code of Ethics.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Standard IV (B.3) - Fair Dealing. Note that the AIMR code does not prohibit investments by portfolio managers in IPOs if they are deemed appropriate investments.
NEW QUESTION: 2
According to RFC 3261, which SIP response is not final?
A. 4xx
B. 3xx
C. 1xx
D. 5xx
E. 6xx
F. 2xx
Answer: C
NEW QUESTION: 3
A database administrator comes across the below records in one of the databases during an internal audit of the payment system:
UserIDAddressCredit Card No.Password
jsmith123 fake street55XX-XXX-XXXX-1397Password100
jqdoe234 fake street42XX-XXX-XXXX-202717DEC12
From a security perspective, which of the following should be the administrator's GREATEST concern, and what will correct the concern?
A. Concern: User IDs are confidential private information.
Correction: Require encryption of user IDs.
B. Concern: Passwords are stored in plain text.
Correction: Require a minimum of 8 alphanumeric characters and hash the password.
C. Concern: User IDs are also usernames, and could be enumerated, thereby disclosing sensitive
account information.
Correction: Require user IDs to be more complex by using alphanumeric characters and hash the
UserIDs.
D. Concern: More than four digits within a credit card number are stored.
Correction: Only store the last four digits of a credit card to protect sensitive financial information.
Answer: B