If you find any quality problems of our Series63 Passing Score or you do not pass the exam, we will unconditionally full refund. Omgzlook is professional site that providing FINRA Series63 Passing Score questions and answers , it covers almost the Series63 Passing Score full knowledge points. As we have three different kinds of the Series63 Passing Score practice braindumps, accordingly we have three kinds of the free demos as well. They are a small part of the questions and answers of the Series63 Passing Score learning quiz. It allows candidates to grasp the knowledge quickly, and achieved excellent results in the exam.
Uniform Securities State Law Series63 They all have high authority in the IT area.
Uniform Securities State Law Series63 Passing Score - Uniform Securities Agent State Law Examination If you obtain FINRA certificate, you will get a great help. Now many IT professionals agree that FINRA certification Series63 Pdf Braindumps exam certificate is a stepping stone to the peak of the IT industry. FINRA certification Series63 Pdf Braindumps exam is an exam concerned by lots of IT professionals.
You will ensure to get Series63 Passing Score exam certification after using our Series63 Passing Score exam software developed by our powerful Omgzlook IT team. If you still hesitate, try to download our free demo of Series63 Passing Score exam software. Recently, Series63 Passing Score exam certification, attaching more attention from more and more people in IT industry, has become an important standard to balance someone's IT capability.
FINRA Series63 Passing Score - Yes, this is true.
We regard the customer as king so we put a high emphasis on the trust of every users, therefore our security system can protect you both in payment of Series63 Passing Score guide braindumps and promise that your computer will not be infected during the process of payment on our Series63 Passing Score study materials. Moreover, if you end up the cooperation between us,we have the responsibility to delete your personal information on Series63 Passing Score exam prep. In a word, Wwe have data protection act for you to avoid information leakage!
In addition, Omgzlook exam dumps will be updated at any time. If exam outline and the content change, Omgzlook can provide you with the latest information.
Series63 PDF DEMO:
QUESTION NO: 1
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: 2
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: 3
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: 4
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: 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.
You can contact us at any time if you have any difficulties in the purchase or trial process of our CheckPoint 156-315.81 exam dumps. Omgzlook Juniper JN0-214 braindump has a high hit rate. These tests are made on the pattern of the Microsoft AZ-104 real exam and thus remain helpful not only for the purpose of revision but also to know the real exam scenario. And then are what materials your worthwhile option? Do you have chosen Omgzlook FINRA IBM C1000-177 real questions and answers? If so, you don't need to worry about the problem that can't pass the exam. Microsoft PL-400-KR - We think of providing the best services as our obligation.
Updated: May 26, 2022