COD Compliance Exam – Day Trading University

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The purpose of this evaluation is to help prepare CODs to publish advertising and sales content that is within company guidelines. You must receive a score of at least 80% to pass the exam.

To prepare for the exam, read through the GTF Advertising and Sales Policy Guide.

COD Compliance Exam

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Thanks for taking the Compliance Exam. If you scored 80% of higher, congratulations, you passed! If not, review your answers below and retake the exam. You can retake the exam as often as you wish.

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Question 1 of 16

1. Question
1 point(s)
The Federal Trade Commission is particularly concerned with (choose one):
- Controlling Advertisers
- Truth in Advertising
- Getting large settlements
- Consumer protection at the state level
Correct

Incorrect
Question 2 of 16

2. Question
1 point(s)
According to the FTC, which of the following elements must be found in your advertising (choose only three)
- Advertising must be truthful and non-deceptive
- Advertising must be truthful and entertaining
- Advertising must be approved by the FTC before being circulated
- Advertising cannot be unfair
- Advertising can be unfair if proper disclosure is used
- Advertisers must have evidence to back up their claims
Correct

Incorrect
Question 3 of 16

3. Question
1 point(s)
According to the FTC, risk disclosures must be displayed in a clear and conspicuous manner. This means (choose only three):
- A disclosure can be placed anywhere on a page (website or ad) so long as the wording is correct
- A disclosure should be placed in proximity to the relevant information or claim
- A disclosure should be prominently displayed (no mouse type) using the size/color to allow the viewer to read them
- A disclosure can be hidden at the bottom of the page, with smaller average type size, so long as the proper language is used.
- A disclosure must be a bold face type with red lettering
- A disclosure should be unavoidable and easy to find
Correct

Incorrect
Question 4 of 16

4. Question
1 point(s)
True or False: Endorsements with income, trading performance, or lifestyle claims are not allowed without immediate proof of the claim and must be accompanied by the proper disclosure.
- False
- True
Correct

Incorrect
Question 5 of 16

5. Question
1 point(s)
When using an endorsement (testimonial) of someone working for you or the company (GTF) (choose one):
- You must pay them for their time
- You must do a background check
- You must include the Material Connection Disclosure
- You must fire them first
Correct

Incorrect
Question 6 of 16

6. Question
1 point(s)
When making a Trading Performance claim in your ads you must (choose 2):
- Link out to an actual video recording of you making the trades
- Include the Trading Performance Disclosure above/below the proof
- Provide proof of the claim (i.e., screenshot of trading report)
- Provide a link to a copy of your audited income tax returns, Schedule D
- Call the compliance department to get approval
Correct

Incorrect
Question 7 of 16

7. Question
1 point(s)
True or False: According to company policy, verbal income or trading performance claims are NOT allowed
- True
- False
Correct

Incorrect
Question 8 of 16

8. Question
1 point(s)
True or False: According to company policy, when placing a job ad it’s okay to list a pay range so long as the top of the range is below $80,000
- True
- False
Correct

Incorrect
Question 9 of 16

9. Question
1 point(s)
True or False: According to company policy, the following verbal claim is okay: “I made 1% on my personal trading account this morning”
- True
- False
Correct

Incorrect
Question 10 of 16

10. Question
1 point(s)
According to company policy, which of the following words or phrase are NOT allowed in advertising (choose two):
- Proven
- System
- Guaranteed
- Winner
Correct

Incorrect
Question 11 of 16

11. Question
1 point(s)
Which disclosure needs to appear at the bottom of each page of your business website? (choose one):
- Trading Performance Disclosure
- Advertising Disclosure
- Full Risk Disclosure
- Material Connection Disclosure
Correct

Incorrect
Question 12 of 16

12. Question
1 point(s)
Which disclosure needs to appear in proximity to any trading performance claims? (choose one):
- Trading Performance Disclosure
- Advertising Disclosure
- Full Risk Disclosure
- Material Connection Disclosure
Correct

Incorrect
Question 13 of 16

13. Question
1 point(s)
Which disclosure needs to be read at the beginning of any trading Webinars or presentations? (choose one):
- Trading Performance Disclosure
- Advertising Disclosure
- Full Risk Disclosure
- Material Connection Disclosure
Correct

Incorrect
Question 14 of 16

14. Question
1 point(s)
Which disclosure should be included in longer, more detailed ads? (choose one):
- Trading Performance Disclosure
- Advertising Disclosure
- Full Risk Disclosure
- Material Connection Disclosure
Correct

Incorrect
Question 15 of 16

15. Question
1 point(s)
True or False: The following SMS/Text message (or social media post) is compliant:
- True
- False
Correct

Incorrect
Question 16 of 16

16. Question
1 point(s)
Before taking payment and processing a telephone order (i.e., coaching sale), the following information must be disclosed to the buyer (choose 4):
- You are purchasing our [course type] course, for [total amount due]
- Your coach will be [coaches name]
- Your purchase is fully refundable within 14 days
- Included in your order are [number of months] months of membership fees. After [number of months] months, on [date mm/dd/yyyy] your monthly membership will automatically renew and you will be charged [membership amount]
- You are required to use a PC with our charting software; we do not support Mac
- Once your monthly membership fees start, Your fee will charge automatically every month until you cancel. If you need to cancel, just send an email to [email protected] before your billing month ends
- You must agree to the Key Company Disclosures, Policies and Procedures and Payment Authorization for your purchase to be final
Correct

Incorrect

Disclaimer: Foreign exchange, futures and cryptocurrency trading are highly risky, and you can lose all the money you invest should you decide to engage in live trading. We are not responsible for your investment, trading or tax decisions. We are not licensed financial advisors, traders, accountants, stockbrokers or attorneys. We are not licensed commodities brokers, and do not engage in or facilitate commodities transactions. We are not an introducing broker, and we make no recommendation as to where you should invest or what broker you should trade with. As you apply what you learn, we recommend that you seek advice from licensed professionals. Any trade results that we show should not be considered typical of our students. We do not (and cannot) track the results or performance of our students’ private trading accounts. We do not know what a typical or average student earns or loses trading. This is not a get-rich-quick program, guaranteed system or business opportunity. We sell training and trading tools. We made no promises our training and tools will generate future income for students, and you may not make your investment back (including your investment in this training). Any redistribution or recording of this material is strictly prohibited without advanced written permission.

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