And you will find that the coming exam is just a piece of cake in front of you. By selecting our Series63 Exam Outline study materials, you do not need to purchase any other products. Our passing rate may be the most attractive factor for you. Our Series63 Exam Outline exam questions almost guarantee that you pass the exam. Even if you don't pass, you don't have to pay any price for our Series63 Exam Outline simulating exam for we have money back guarantee to all of our exam materials. Go against the water and retreat if you fail to enter.
Uniform Securities State Law Series63 In fact, you do not need other reference books.
Omgzlook follows the career ethic of providing the first-class Series63 - Uniform Securities Agent State Law Examination Exam Outline practice questions for you. Through the learning materials and exam practice questions and answers provided by Omgzlook, we can ensure you have a successful challenge when you are the first time to participate in the FINRA certification Series63 Test Labs exam. Above all, using Omgzlook you do not spend a lot of time and effort to prepare for the exam.
Just come to buy our Series63 Exam Outline learning guide and you will love it. Series63 Exam Outline study materials can expedite your review process, inculcate your knowledge of the exam and last but not the least, speed up your pace of review dramatically. The finicky points can be solved effectively by using our Series63 Exam Outline exam questions.
FINRA Series63 Exam Outline - Most companies think highly of this character.
Nowadays, our learning methods become more and more convenient. Advances in technology allow us to learn freely on mobile devices. However, we understand that some candidates are still more accustomed to the paper, so our Series63 Exam Outline study materials provide customers with a variety of versions to facilitate your learning process: the PDF, Software and APP online. These three versions of our Series63 Exam Outline practice engine can provide you study on all conditions. Come and buy our Series63 Exam Outline exam guide!
We promise that we provide you with best quality Series63 Exam Outline original questions and competitive prices. We offer 100% pass products with excellent service.
Series63 PDF DEMO:
QUESTION NO: 1
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: 2
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: 3
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: 4
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.
QUESTION NO: 5
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.
And you can free download the demos of our Microsoft PL-600 learning guide on our website, it is easy, fast and convenient. With the help of our online version, you can not only practice our Amazon SAA-C03-KR exam pdf in any electronic equipment, but also make you feel the atmosphere of Amazon SAA-C03-KR actual test. And all of the PDF version, online engine and windows software of the Fortinet NSE5_FSM-6.3 study guide will be tested for many times. Our valid SAP C-THR70-2404 practice questions are created according to the requirement of the certification center based on the real questions. EMC D-VXR-DY-01 - It is important to review the questions you always choose mistakenly.
Updated: May 26, 2022