We can provide absolutely high quality guarantee for our Series63 Study Plan practice materials, for all of our Series63 Study Plan learning materials are finalized after being approved by industry experts. Without doubt, you will get what you expect to achieve, no matter your satisfied scores or according Series63 Study Plancertification file. As long as you choose our Series63 Study Plan exam questions, you will get the most awarded. I hope our study materials can accompany you to pursue your dreams. If you can choose Series63 Study Plan test guide, we will be very happy. Omgzlook is considered as the top preparation material seller for Series63 Study Plan exam dumps, and inevitable to carry you the finest knowledge on Series63 Study Plan exam certification syllabus contents.
Uniform Securities State Law Series63 Or you can choose to free update your exam dumps.
Uniform Securities State Law Series63 Study Plan - Uniform Securities Agent State Law Examination Being considered the most authentic brand in this career, our professional experts are making unremitting efforts to provide our customers the latest and valid {CertName} exam simulation. After using our software, you will know that it is not too difficult to pass Valid Exam Series63 Simulator Online exam. You will find some exam techniques about how to pass Valid Exam Series63 Simulator Online exam from the exam materials and question-answer analysis provided by our Omgzlook.
But we can help all of these candidates on Series63 Study Plan study questions. Numerous grateful feedbacks form our loyal customers proved that we are the most popular vendor in this field to offer our Series63 Study Plan preparation questions. You can totally relay on us.
FINRA Series63 Study Plan - Now you can have these precious materials.
Our company is a multinational company which is famous for the Series63 Study Plan training materials in the international market. After nearly ten years' efforts, now our company have become the topnotch one in the field, therefore, if you want to pass the Series63 Study Plan exam as well as getting the related certification at a great ease, I strongly believe that the Series63 Study Plan study materials compiled by our company is your solid choice.
You set timed Series63 Study Plan test and practice again and again. Besides, Series63 Study Plan exam test engine cover most valid test questions so that it can guide you and help you have a proficient & valid preparation process.
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.
It is universally accepted that in this competitive society in order to get a good job we have no choice but to improve our own capacity and explore our potential constantly, and try our best to get the related Microsoft DP-300-KR certification is the best way to show our professional ability, however, the Microsoft DP-300-KR exam is hard nut to crack but our Microsoft DP-300-KR preparation questions are closely related to the exam, it is designed for you to systematize all of the key points needed for the Microsoft DP-300-KR exam. Now, let’s start your preparation with EMC D-PEXE-IN-A-00 training material. We will update the content of Microsoft AZ-305-KR test guide from time to time according to recent changes of examination outline and current policies, so that every examiner can be well-focused and complete the exam focus in the shortest time. All real questions just need to practice one or two days and remember the answers will save you much time in Dell D-DPS-A-01 real exam. As long as you pay at our platform, we will deliver the relevant Amazon DOP-C02 exam materials to your mailbox within the given time.
Updated: May 26, 2022