If you are unfamiliar with our Series63 Exam Simulator practice materials, please download the free demos for your reference, and to some unlearned exam candidates, you can master necessities by our Series63 Exam Simulator training prep quickly. Our passing rate of the Series63 Exam Simulator study guide has reached up to 98 to 100 percent up to now, so you cannot miss this opportunity. And you will feel grateful if you choose our Series63 Exam Simulator exam questions. But our Series63 Exam Simulator exam questions have made it. You can imagine how much efforts we put into and how much we attach importance to the performance of our Series63 Exam Simulator study guide. If the user finds anything unclear in the Series63 Exam Simulator exam questions exam, we will send email to fix it, and our team will answer all of your questions related to the Series63 Exam Simulator actual exam.
Our Series63 Exam Simulator study materials are designed carefully.
So please feel free to contact us if you have any trouble on our Series63 - Uniform Securities Agent State Law Examination Exam Simulator practice questions. There is a linkage given by our e-mail, and people can begin their study right away after they have registered in. Our Latest Series63 Braindumps Free study materials are available for downloading without any other disturbing requirements as long as you have paid successfully, which is increasingly important to an examinee as he or she has limited time for personal study.
Our Series63 Exam Simulator exam quiz is so popular not only for the high quality, but also for the high efficiency services provided which owns to the efforts of all our staffs. First of all, if you are not sure about the Series63 Exam Simulator exam, the online service will find the most accurate and all-sided information for you, so that you can know what is going on about all about the exam and make your decision to buy Series63 Exam Simulator study guide or not.
FINRA Series63 Exam Simulator - Omgzlook can give you a brighter future.
Our company have the higher class operation system than other companies, so we can assure you that you can start to prepare for the Series63 Exam Simulator exam with our study materials in the shortest time. In addition, if you decide to buy Series63 Exam Simulator exam materials from our company, we can make sure that your benefits will far exceed the costs of you. The rate of return will be very obvious for you. We sincerely reassure all people on the Series63 Exam Simulator test question from our company and enjoy the benefits that our study materials bring. We believe that our study materials will have the ability to help all people pass their Series63 Exam Simulator exam and get the related exam in the near future.
Omgzlook's FINRA Series63 Exam Simulator exam training materials is a good training tool. It can help you pass the exam successfully.
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.
In fact, our Snowflake COF-C02 exam questions have helped tens of thousands of our customers successfully achieve their certification. Omgzlook FINRA Huawei H23-221_V1.0 exam training materials is the most effective way to pass the certification exam. VMware 2V0-32.24 - And you can free download the demo s to check it out. Would you like to pass FINRA AACN CCRN-Adult test and to get AACN CCRN-Adult certificate? Omgzlook can guarantee your success. SAP C_LIXEA_2404 - Details determine success or failure, so our every detail is strictly controlled.
Updated: May 26, 2022