We can guarantee that you can pass the FINRA Series63 Exam Reference exam the first time. If you buy the goods of Omgzlook, then you always be able to get newer and more accurate test information. The coverage of the products of Omgzlook is very broad. What's more, what make you be rest assured most is that we develop the exam software which will help more candidates get Series63 Exam Reference exam certification. What we provide for you is the latest and comprehensive Series63 Exam Reference exam dumps, the safest purchase guarantee and the immediate update of Series63 Exam Reference exam software. How do you want to prove your ability? More and more people prove themselves by taking IT certification exam.
Uniform Securities State Law Series63 The empty promise is not enough.
Uniform Securities State Law Series63 Exam Reference - Uniform Securities Agent State Law Examination There is no reason to waste your time on a test. If you are tired with the screen for study, you can print the Series63 Test Registration pdf dumps into papers. With the pdf papers, you can write and make notes as you like, which is very convenient for memory.
For example like FINRA Series63 Exam Reference certification exam, it is a very valuable examination, which must help you realize your wishes. Working in IT field, you definitely want to prove your ability by passing IT certification test. Moreover, the colleagues and the friends with IT certificate have been growing.
FINRA Series63 Exam Reference - Just add it to your cart.
As a key to the success of your life, the benefits that our Series63 Exam Reference study braindumps can bring you are not measured by money. Series63 Exam Reference exam questions can not only help you pass the exam, but also help you master a new set of learning methods and teach you how to study efficiently, our Series63 Exam Reference study materials will lead you to success. And Series63 Exam Reference study materials provide free trial service for consumers. Come and have a try!
You can instantly download the Series63 Exam Reference test engine and install it on your PDF reader, laptop or phone, then you can study it in the comfort of your home or while at office. Our Series63 Exam Reference test engine allows you to study anytime and anywhere.
Series63 PDF DEMO:
QUESTION NO: 1
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.
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 there is not a stop order or a proceeding pending, under the registration by coordination
process a security's registration with the state becomes effective:
A. only when it is approved by the state Administrator, regardless of whether it has been approved by the
SEC.
B. immediately after approval by the SEC as long as the registration statement has been on file for at least
2 0 days or the Uniform Securities Act has provided an exemption to this waiting period.
C. immediately subsequent to approval by the SEC, regardless of how long the registration statement has
been on file.
D. only when it is approved by the state Administrator, who will review the registration documentation
upon notification that SEC approval has been granted.
Answer: B
Explanation: Under the registration by coordination process, the security's registration with the state becomes effective immediately after approval by the SEC as long as the registration has been on file for
at least 20 days or the Uniform Securities Act has provided an exemption to this waiting period. This assumes, of course, that there is not a stop order or a proceeding pending.
QUESTION NO: 4
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: 5
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.
We can assure you the proficiency of our EMC D-VPX-DY-A-24 exam prep. Do you want to pass Huawei H20-423_V1.0 practice test in your first attempt with less time? Then you can try our latest training certification exam materials. our advanced operation system on the CompTIA PT0-003 learning guide will automatically encrypt all of the personal information on our CompTIA PT0-003 practice dumps of our buyers immediately, and after purchasing, it only takes 5 to 10 minutes before our operation system sending our CompTIA PT0-003 study materials to your email address, there is nothing that you need to worry about, and we will spear no effort to protect your interests from any danger and ensure you the fastest delivery. Huawei H13-511_V5.5 - We provide 24/7 customer service for all of you, please feel free to send us any questions about FINRA exam test through email or online chat, and we will always try our best to keeping our customer satisfied. Believe us because the Huawei H19-315-ENU test prep are the most useful and efficient, and the Huawei H19-315-ENU exam preparation will make you master the important information and the focus of the exam.
Updated: May 26, 2022