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NEW QUESTION: 1
Under the terms of the 1970 Securities Investor Protection Act, what is the status of a customer whose account assets exceed SIPC insurance coverage when his broker/dealer becomes insolvent?
A. the customer becomes a general creditor of the insolvent firm for the amount of deficiency
B. the US Treasury is pledged to make up the deficiency
C. SIPC will issue a debenture to guarantee eventual repayment of the deficiency
D. all broker/dealers are assessed to fully satisfy the deficiency
Answer: A
Explanation:
Explanation/Reference:
Explanation: the customer becomes a general creditor of the insolvent firm for the amount of deficiency.
After the SIPC coverage is exhausted, the customer becomes a general creditor. Due to the insolvency of the broker/dealer, there is no likelihood of the customer receiving restitution.
NEW QUESTION: 2
Which statement about rules is FALSE?
A. You can use a saved filter as the condition in a rule.
B. A rule can set a reconciliation attribute to a specified value when the rule conditions are met.
C. Profiles inherit rules from their formats.
D. A profile can have a maximum of three rules.
Answer: D
NEW QUESTION: 3
At which of the following phases of a software development life cycle are security and access controls normally designed?
A. Software plans and requirements
B. Coding
C. Detailed design
D. Product design
Answer: C
Explanation:
Security controls and access controls are normally designed in the "Detailed" phase of design. In this phase you have the design of many of the security features of your development like authentication, confidentiality functionality, non repudiation capabilities. In this phase you can also define what is going to be the access control method for the software, we can make it discretionary (less restrictive), mandatory (more restrictive), role based and others.
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