Considering your practical constraint and academic requirements of the Series63 Reliable Test Objectives exam preparation, you may choose the Series63 Reliable Test Objectives practice materials with following traits. High quality and accuracy with trustworthy reputation; processional experts group specific in this line; considerate after-sales services are having been tested and verified all these years, Series63 Reliable Test Objectives training guide is fully applicable to your needs. Because the SOFT version questions and answers completely simulate the actual exam. You can experience the feeling in the actual test in advance so that you will not feel anxious in the real exam. Once you pay for it, we will send to you within 5-10 minutes.
Uniform Securities State Law Series63 So stop hesitation and buy our study materials.
The Series63 - Uniform Securities Agent State Law Examination Reliable Test Objectives test answers are tested and approved by our certified experts and you can check the accuracy of our questions from our free demo. So you just need to memorize our correct questions and answers of the Series63 Valid Exam Certification Cost study materials. You absolutely can pass the exam.
Our website offers you the most comprehensive Series63 Reliable Test Objectives study guide for the actual test and the best quality service for aftersales. Our customers can easily access and download the Series63 Reliable Test Objectives dumps pdf on many electronic devices including computer, laptop and Mac. Online test engine enjoys great reputation among IT workers because it brings you to the atmosphere of Series63 Reliable Test Objectives real exam and remarks your mistakes.
FINRA Series63 Reliable Test Objectives - You can take advantage of the certification.
Our Series63 Reliable Test Objectives exam review contains the latest test questions and accurate answers along with the professional explanations. A little attention to prepare Series63 Reliable Test Objectives practice test will improve your skills to clear exam with high passing score. For most busy IT workers, Series63 Reliable Test Objectives dumps pdf is the best alternative to your time and money to secure the way of success in the IT filed.
Our Series63 Reliable Test Objectives study materials allow you to improve your competitiveness in a short period of time. With the help of our Series63 Reliable Test Objectives guide prep, you will be the best star better than others.
Series63 PDF DEMO:
QUESTION NO: 1
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: 2
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: 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 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: 5
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.
You can find latest EMC D-VXR-DY-01 test answers and questions in our pass guide and the detailed explanations will help you understand the content easier. In order to facilitate the user real-time detection of the learning process, we Salesforce MuleSoft-Integration-Associate exam material provideds by the questions and answers are all in the past.it is closely associated, as our experts in constantly update products every day to ensure the accuracy of the problem, so all Salesforce MuleSoft-Integration-Associate practice materials are high accuracy. As the questions of our Microsoft AI-102 exam dumps are involved with heated issues and customers who prepare for the Microsoft AI-102 exams must haven’t enough time to keep trace of Microsoft AI-102 exams all day long. Our study materials can let users the most closed to the actual test environment simulation training, let the user valuable practice effectively on Microsoft AZ-801 practice guide, thus through the day-to-day practice, for users to develop the confidence to pass the exam. AACN CCRN-Adult - The high quality and high pass rate has bbecome a reason for thousand of candidates to choose.
Updated: May 26, 2022