As we all know, the preparation process for an exam is very laborious and time- consuming. We had to spare time to do other things to prepare for Series63 Certification exam, which delayed a lot of important things. If you happen to be facing this problem, you should choose our Series63 Certification real exam. If you successfully get FINRA Series63 Certification certificate, you can finish your work better. Although the test is so difficult, with the help of Omgzlook exam dumps you don't need so hard to prepare for the exam. You can free download the demos of our Series63 Certification exam questions which present the quality and the validity of the study materials and check which version to buy as well.
Uniform Securities State Law Series63 It is up to you to make a decision.
To help you pass the Series63 - Uniform Securities Agent State Law Examination Certification exam is our goal. Omgzlook can not only save you valuable time, but also make you feel at ease to participate in the exam and pass it successfully. Omgzlook has good reliability and a high reputation in the IT professionals.
Our products are just suitable for you. Our Series63 Certification exam training dumps will help you master the real test and prepare well for your exam. If you worry about your exam, our Series63 Certification exam training dumps will guide you and make you well preparing，you will pass exam without any doubt.
FINRA Series63 Certification - Omgzlook will achieve your dream.
It doesn’t matter if it's your first time to attend Series63 Certification practice test or if you are freshman in the IT certification test, our latest Series63 Certification dumps guide will boost you confidence to face the challenge. Our dumps collection will save you much time and ensure you get high mark in Series63 Certification actual test with less effort. Come and check the free demo in our website you won’t regret it.
Our questions and answers will not only allow you effortlessly through the exam first time, but also can save your valuable time. Omgzlook FINRA Series63 Certification exam questions and answers provide you test preparation information with everything you need.
Series63 PDF DEMO:
QUESTION NO: 1
You have recently discovered that a security you purchased has not been registered with the state, nor is
it exempt from registration. You can file a civil claim against the seller as long as you do so within
A. five years.
B. three years from discovery or five years from the event, whichever comes first.
C. two years from discovery or three years from the event, whichever comes first.
D. one year from discovery.
Answer: C
Explanation: If you discover that a security you purchased has not been registered with the state and was
sold unlawfully, you can file a civil claim against the seller as long as you do so within two years from discovery or three years from the event, whichever comes first, under the guidelines of the Uniform
Securities Act. Therefore, if you know about an unlawful sale for more than two years or if the sale took
place more than three years ago, you cannot sue. The statute of limitations has expired.
QUESTION NO: 2
A broker-dealer of commodity futures contracts has been profiting by trading for its own account either
before or after executing a client's trade on the same commodity, depending on which will be most advantageous. Under the Uniform Securities Act, the broker-dealer is guilty of
A. fraud.
B. churning.
C. unauthorized transactions.
D. nothing. The Uniform Securities Act (USA) deals only with securities, and a commodity futures contract
is not a security.
Answer: D
Explanation: A broker-dealer of commodity futures contracts is guilty of nothing under the Uniform
Securities Act since a commodity futures contract is not a security as defined by the USA. The broker-dealer may, however, find himself in trouble with the Commodity Futures Trading
Commission,
which is the regulatory agency of the futures market.
QUESTION NO: 3
An investment adviser or its representative may
A. only exercise any discretionary power in the purchase or sale of securities for a client's account after
receiving written authority prior to the execution of the transactions.
B. exercise discretionary power in the purchase or sale of securities for a client's account as long as it receives written discretionary authority over the account within 10 business days of the first discretionary
transaction placed, assuming oral authority has already been given.
C. exercise discretionary power in the purchase or sale of securities for a client's account as long as
D. exercise discretionary power in the purchase or sale of securities for a client's account only after
Answer: B
Explanation: An investment adviser or its representative may exercise discretionary power in the purchase or sale of securities for a client's account as long as it receives written discretionary authority
over the account within 10 business days of the first transaction placed, assuming oral authority has already been given.
QUESTION NO: 4
Which of the following would be an unsuitable recommendation for your 68-year-old client?
A. a Treasury Inflation Protected Security (TIPS)
B. a deferred annuity
C. an S&P 500 Index mutual fund
D. a high quality corporate bond fund
Answer: B
Explanation: A deferred annuity would be an unsuitable recommendation for your 68-year-old client.
These annuities charge significant penalties for early withdrawals-and "early" can mean before 10 years,
or even longer. A 68-year-old client may have the need to withdraw his money early to make medical payments.
QUESTION NO: 5
A limited power-of-attorney gives the designated person the right to
I. order the sale of an asset owned by the account holder and have a check written to the account holder
for the amount of the proceeds.
II. obtain account statements, including tax statements, on behalf of the account holder.
III. order the purchase of an asset for the account holder's account.
A. I, II, and III
B. I and II only
C. II and III only
D. I and III only
Answer: C
Explanation: Only Selections II and III are true. A limited power-of-attorney gives the designated person
the right to obtain account statements, including tax statements, on behalf of the account holder and to
order the purchase of an asset for the account holder's account. Only a full (or unlimited) power-of-attorney allows the designated person to withdraw any proceeds from the account.
Amazon SAA-C03-KR - Omgzlook is the leading provider of its practice exams, study guides and online learning courses, which may can help you. The current IT industry needs a reliable source of FINRA VMware 5V0-31.22 certification exam, Omgzlook is a good choice. Our updated and useful PECB ISO-IEC-27005-Risk-Manager will be the best tool for your success. SAP C_TS4FI_2023 - So the materials will be able to help you to pass the exam. Our IBM C1000-154 latest study guide can help you.
Updated: May 26, 2022