It’s our responsibility to offer instant help to every user on our Series63 Questions Answers exam questions. If you have any question about Series63 Questions Answers study materials, please do not hesitate to leave us a message or send us an email. Our customer service staff will be delighted to answer your questions on the Series63 Questions Answers learing engine. As a result, many customers get manifest improvement and lighten their load by using our Series63 Questions Answers actual exam. It is well-known that our Series63 Questions Answers study guide can save a lot of time and effort. In fact, our Series63 Questions Answers study materials are not expensive at all.
Uniform Securities State Law Series63 They will thank you so much.
Get the test Series63 - Uniform Securities Agent State Law Examination Questions Answers certification is not achieved overnight, we need to invest a lot of time and energy to review, and the review process is less a week or two, more than a month or two, or even half a year, so Series63 - Uniform Securities Agent State Law Examination Questions Answers exam questions are one of the biggest advantage is that it is the most effective tools for saving time for users. As long as you encounter obstacles in the learning process on our Series63 Test Study Guide training guide, send us an email and we will solve it for you at the first time. Please believe that Series63 Test Study Guide learning materials will be your strongest backing from the time you buy our Series63 Test Study Guide practice braindumps to the day you pass the exam.
Our Series63 Questions Answers practice materials are updating according to the precise of the real exam. Our test prep can help you to conquer all difficulties you may encounter. In other words, we will be your best helper.
FINRA Series63 Questions Answers - You can directly print it on papers.
Our company has authoritative experts and experienced team in related industry. To give the customer the best service, all of our company's Series63 Questions Answers learning materials are designed by experienced experts from various field, so our Series63 Questions Answers Learning materials will help to better absorb the test sites. One of the great advantages of buying our product is that can help you master the core knowledge in the shortest time. At the same time, our Series63 Questions Answers learning materials discard the most traditional rote memorization methods and impart the key points of the qualifying exam in a way that best suits the user's learning interests, this is the highest level of experience that our most authoritative think tank brings to our Series63 Questions Answers learning materials users. Believe that there is such a powerful expert help, our users will be able to successfully pass the qualification test to obtain the qualification certificate.
If you use our study materials, you must walk in front of the reference staff that does not use valid Series63 Questions Answers real exam. And you will get the according Series63 Questions Answers certification more smoothly.
Series63 PDF DEMO:
QUESTION NO: 1
Moe is a registered investment adviser doing business under the name of MoeMoney
Investment
Advisers, LLC. Larry, Curly, and Mary all hold positions with the firm. Larry is on the board of directors;
Mary is a sales representative for the firm; and Curly is an administrative assistant, who performs clerical
duties. Given that Moe is already a registered investment adviser, which of the other three are automatically registered as investment adviser representatives?
A. Larry only
B. Larry and Mary only
C. Larry, Mary and Curly
D. Mary and Curly only
Answer: A
Explanation: As a director of the firm, Larry would automatically be registered as an investment adviser
representative of MoeMoney Investment Advisers. Although directors and officers of the firm are automatically registered as investment adviser representatives, Mary, as a sales representative, would
have to apply for her own registration. Curly does not need to be registered since he performs only clerical
duties.
QUESTION NO: 2
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: 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
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: 5
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.
In compliance with syllabus of the exam, our CompTIA PT0-002 practice materials are determinant factors giving you assurance of smooth exam. If you are on the bus, you can choose the APP version of ISACA CISA-CN training engine. Normally, we will release our new version of the Microsoft MB-800 exam simulation on our website once it passed the tests. EMC D-PE-OE-23 - After the new version appears, we will also notify the user at the first time. ISC CISSP - Omgzlook is a convenient website specifically for people who want to take the certification exams, which can effectively help the candidates to pass the exam.
Updated: May 26, 2022