We learned that a majority of the candidates for the Series63 Cert Exam exam are office workers or students who are occupied with a lot of things, and do not have plenty of time to prepare for the Series63 Cert Exam exam. Taking this into consideration, we have tried to improve the quality of our Series63 Cert Exam training materials for all our worth. Now, I am proud to tell you that our Series63 Cert Exam study dumps are definitely the best choice for those who have been yearning for success but without enough time to put into it. With all the above merits, the most outstanding one is 100% money back guarantee of your success. Our FINRA experts deem it impossible to drop the Series63 Cert Exam exam, if you believe that you have learnt the contents of our Series63 Cert Exam study guide and have revised your learning through the Series63 Cert Exam practice tests. For we promise to give all of our customers one year free updates of our Series63 Cert Exam exam questions and we update our Series63 Cert Exam study guide fast and constantly.
Uniform Securities State Law Series63 Your life will be even more exciting.
With all the questons and answers of our Series63 - Uniform Securities Agent State Law Examination Cert Exam study materials, your success is 100% guaranteed. With our Series63 Valid Exam Collection Free study materials, you can have different and pleasure study experience as well as pass Series63 Valid Exam Collection Free exam easily. In order to meet the different need from our customers, the experts and professors from our company designed three different versions of our Series63 Valid Exam Collection Free exam questions for our customers to choose, including the PDF version, the online version and the software version.
If you decide to buy our Series63 Cert Exam test guide, the online workers of our company will introduce the different function to you. You will have a deep understanding of the three versions of our Series63 Cert Exam exam questions. We believe that you will like our products.
FINRA Series63 Cert Exam - You are the best and unique in the world.
As we enter into such a competitive world, the hardest part of standing out from the crowd is that your skills are recognized then you will fit into the large and diverse workforce. The Series63 Cert Exam certification is the best proof of your ability. However, it’s not easy for those work officers who has less free time to prepare such an Series63 Cert Exam exam. Here comes Series63 Cert Exam exam materials which contain all of the valid Series63 Cert Exam study questions. You will never worry about the Series63 Cert Exam exam.
Not only we offer the best Series63 Cert Exam training prep, but also our sincere and considerate attitude is praised by numerous of our customers. To cope with the fast growing market, we will always keep advancing and offer our clients the most refined technical expertise and excellent services about our Series63 Cert Exam exam questions.
Series63 PDF DEMO:
QUESTION NO: 1
The 1988 Insider and Securities Enforcement Act indicates that a person convicted of insider trading can
be subject to which of the following penalties?
A. up to 10 years in prison and a fine of $1 million or up to 3 times the amount of profits gained, or
B. up to 3 years in prison, a $5,000 fine, or both
C. up to 5 years in prison and a fine of $1,500,000 or both
D. up to 7 years in prison and a fine equal to 200% of the amount of profits gained or losses avoided
Answer: A
Explanation: The 1988 Insider Trading and Securities Enforcement Act increased the penalties for a person convicted of insider trading to up to 10 years in prison and a fine of $1 million or up to 3 times the
amount of profits gained, or losses avoided.
QUESTION NO: 2
Trevor is currently a registered agent in the state of Connecticut where he has been employed by Connect
& Company, a broker-dealer that is registered in Connecticut and has subsidiary operations in
Massachusetts, New Jersey, and New York. Trevor has moved to Massachusetts and is now associated
with one of Connect's subsidiaries, a broker-dealer registered in the state. Trevor has applied to the
Administrator of Massachusetts for registration as an agent. Can Trevor execute purchases and sales for
clients while his registration is still pending?
A. No. Until he is informed by the Administrator of Massachusetts that his application has been accepted,
Trevor may not effect any securities transactions in Massachusetts.
B. Yes. Because Trevor is a registered agent in another state and is affiliated with a broker-dealer that is
registered in the state of Massachusetts, he is not restricted from executing trades.
C. Yes. Trevor can execute trades for new clients he solicits, but only for sixty days while his registration
is pending.
D. It depends. Trevor can execute some purchases and sales, but only for clients that he already had who
may have recently relocated to Massachusetts and only for sixty days while his registration is pending.
Answer: D
Explanation: It depends. Because he is a registered agent in another state and the broker-dealer he is now affiliated with is registered in the state of Massachusetts, Trevor can execute purchases and sales,
but only for existing clients while his registration with the Massachusetts Administrator is still pending and
only for sixty days. This assumes, of course, Trevor has no violations that would restrict him from registering in Massachusetts.
QUESTION NO: 3
Assuming the security is not registered under the Uniform Securities Act, which of the following would not
be exempt from state registration?
A. a variable annuity contract offered by an insurance company with offices in the state
B. a stock that is listed on the American Stock Exchange
C. a stock that is listed on the OTC Bulletin Board
D. a put option on a stock that sells in the over-the-counter market
Answer: C
Explanation: A stock that is listed on the OTC Bulletin Board would not be exempt from state registration
unless it already happens to be registered under the Uniform Securities Act. Variable annuities and stocks
listed on the American Stock Exchange are classified as federal covered securities by the NSMIA of
1996
and are exempt from state registration. An amendment to the Securities and Exchange Act of 1934 exempts option contracts from state registration.
QUESTION NO: 4
When selling shares in a closed-end investment company, an agent must inform the client of any
I. commissions
II. underwriting fees
III. miscellaneous offering expenses
A. I, II and III
B. I only
C. I and II only
D. I and III only
Answer: A
Explanation: When selling shares in a closed-end investment company, an agent must inform the client of
any commissions, underwriting fees, or miscellaneous other offering expenses involved.
QUESTION NO: 5
Sam Shade had his agent's license revoked by the state of Washington for repeatedly making misleading
claims about various investment to investors. He had had it with all the rain anyway and decided to move
to the sunshine state of Florida. His brother-in-law was a computer whiz who made money on the side
(more than his day job provided, in fact) by supplying illegal immigrants with official-looking documentation, including social security numbers. Sam Shade became Ian Creed in a few clicks of the mouse. As Ian Creed, Sam was hired by Sunny Investment Advisers, an investment adviser firm located
in the Florida Keys, in a clerical role. As such, Sam/Ian had access to the confidential information of the
firm's clients, which he and his brother-in-law utilized for the purpose of identity theft. Under the
Uniform
Securities Act guidelines, when Sam and his brother-in-law are caught in their illegal activities,
A. Sunny Investment Advisers will not be held liable if it can prove that there was no way it could have or
should have known of the revocation of Sam Shade's (aka Ian Creed) license.
B. Sunny Investment Advisers will be subject to criminal prosecution for employing an individual whose
license had been revoked by the Administrator of another state since it obviously did not use due diligence in hiring Ian Creed, aka Sam Shade.
C. Sunny Investment Advisers will be subject to civil penalties for employing an individual whose license
had been revoked by the Administrator of another state.
D. Sunny Investment Advisers will be subject to both criminal prosecution and civil penalties for employing an individual whose license had been revoked by the Administrator of another state since it
obviously did not use due diligence in hiring Ian Creed, aka Sam Shade.
Answer: A
Explanation: When Sam and his brother-in-law are caught, Sunny Investment Advisers will not be held
liable if it can prove that there was no way it could have or should have known of Sam Shade/Ian
Creed's
license revocation. The drafters of the Uniform Securities Act were cognizant of the fact that employees
can be remarkably deceptive when applying for a position, and because of this the Act indicates that the
investment adviser must either "have known or should have known" of the Administrator's adverse decision against the employee in order to itself be deemed liable.
Our company committed all versions of Huawei H11-851_V4.0 practice materials attached with free update service. You will come across almost all similar questions in the real Microsoft MB-240 exam. So prepared to be amazed by our Microsoft AZ-204-KR learning guide! Microsoft AZ-801 - So do not hesitate and hurry to buy our study materials. By analyzing the syllabus and new trend, our SAP C_THR92_2405 practice engine is totally in line with this exam for your reference.
Updated: May 26, 2022