If you are worry about the coming Series63 New Study Guide exam, our Series63 New Study Guide study materials will help you solve your problem. In order to promise the high quality of our Series63 New Study Guide exam questions, our company has outstanding technical staff, and has perfect service system after sale. More importantly, our good Series63 New Study Guide guide quiz and perfect after sale service are approbated by our local and international customers. Our website is considered to be the most professional platform offering Series63 New Study Guide practice guide, and gives you the best knowledge of the Series63 New Study Guide study materials. Passing the exam has never been so efficient or easy when getting help from our Series63 New Study Guide preparation engine. For we have helped tens of thousands of our customers achieved their dreams.
Uniform Securities State Law Series63 No company in the field can surpass us.
With high-quality Series63 - Uniform Securities Agent State Law Examination New Study Guide guide materials and flexible choices of learning mode, they would bring about the convenience and easiness for you. Because, after all, Exam Series63 Passing Score is a very important certified exam of FINRA. But Exam Series63 Passing Score exam is not so simple.
With passing rate up to 98 percent and above, our Series63 New Study Guide practice materials are highly recommended among exam candidates. So their validity and authority are unquestionable. Our Series63 New Study Guide learning materials are just staring points for exam candidates, and you may meet several challenging tasks or exams in the future about computer knowledge, we can still offer help.
FINRA Series63 New Study Guide - This is a practice test website.
If you require any further information about either our Series63 New Study Guide preparation exam or our corporation, please do not hesitate to let us know. High quality Series63 New Study Guide practice materials leave a good impression on the exam candidates and bring more business opportunities in the future. And many of our cutomers use our Series63 New Study Guide exam questions as their exam assistant and establish a long cooperation with us.
Omgzlook site has a long history of providing FINRA Series63 New Study Guide exam certification training materials. It has been a long time in certified IT industry with well-known position and visibility.
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
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: 3
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: 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.
We assume all the responsibilities our Fortinet NSE6_FNC-7.2 simulating practice may bring you foreseeable outcomes and you will not regret for believing in us assuredly. EMC D-PDC-DY-23 - Omgzlook is a professional IT certification sites, the certification success rate is 100%. Our Adobe AD0-E328 study guide may not be as famous as other brands for the time being, but we can assure you that we won't lose out on quality. Through this we can know that Omgzlook FINRA Microsoft AZ-801 exam training materials can brought help to the candidates. To address this issue, our Nutanix NCP-MCA actual exam offers three different versions for users to choose from.
Updated: May 26, 2022