The quality of Omgzlook product is very good and also have the fastest update rate. If you purchase the training materials we provide, you can pass FINRA certification Series63 Free Download exam successfully. We are keeping advancing with you. You will regret if you do not choose our study materials. Omgzlook can help you 100% pass FINRA certification Series63 Free Download exam, and if you carelessly fail to pass FINRA certification Series63 Free Download exam, we will guarantee a full refund for you.
Uniform Securities State Law Series63 But they do not know which to believe.
Having a FINRA Series63 - Uniform Securities Agent State Law Examination Free Download certification can enhance your employment prospects,and then you can have a lot of good jobs. This is indeed true, no doubt, do not consider, act now. In this era, everything is on the rise.
With Omgzlook's help, you do not need to spend a lot of money to participate in related cram or spend a lot of time and effort to review the relevant knowledge, but can easily pass the exam. Simulation test software of FINRA Series63 Free Download exam is developed by Omgzlook's research of previous real exams. Omgzlook's FINRA Series63 Free Download exam practice questions have a lot of similarities with the real exam practice questions.
FINRA Series63 Free Download - In this, you can check its quality for yourself.
In order to meet the request of current real test, the technology team of research on Omgzlook FINRA Series63 Free Download exam materials is always update the questions and answers in time. We always accept feedbacks from users, and take many of the good recommendations, resulting in a perfect Omgzlook FINRA Series63 Free Download exam materials. This allows Omgzlook to always have the materials of highest quality.
Once you have checked our demo, you will find the study materials we provide are what you want most. Our target is to reduce your pressure and improve your learning efficiency from preparing for Series63 Free Download exam.
Series63 PDF DEMO:
QUESTION NO: 1
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: 2
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: 3
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: 4
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: 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.
Fortinet NSE7_EFW-7.2 - In this competitive world, it is more important than ever. Have you ever tried our IT exam certification software provided by our Omgzlook? If you have, you will use our Cisco 300-815 exam software with no doubt. Microsoft PL-100 - Our strength will make you incredible. Netskope NSK101 - We try our best to ensure 100% pass rate for you. SAP C_TS410_2022 - The opportunity always belongs to a person who has the preparation.
Updated: May 26, 2022