Our Series_63 Discount actual exam are scientific and efficient learning system for a variety of professional knowledge that is recognized by many industry experts. We have carried out the reforms according to the development of the digital devices not only on the content of our Series_63 Discount exam dumps, but also on the layouts since we provide the latest and precise Series_63 Discount information to our customers, so there is no doubt we will apply the most modern technologies to benefit our customers. For instance, if you want to print the Series_63 Discount study materials, you can download the PDF version which supports printing. By the PDF version, you can print the Uniform Securities Agent State Law Examination guide torrent which is useful for you. If you encounter any problems in the process of purchasing or using Series_63 Discount study guide you can contact our customer service by e-mail or online at any time, we will provide you with professional help.
FINRA Certification Series_63 Your ability will be enhanced quickly.
FINRA Certification Series_63 Discount - Uniform Securities Agent State Law Examination We believe the operation is very convenient for you, and you can operate it quickly. Besides, we price the New Study Series_63 Questions Pdf actual exam with reasonable fee without charging anything expensive. We have a group of experts dedicated to the New Study Series_63 Questions Pdf exam questions for many years.
Differ as a result the Series_63 Discount questions torrent geared to the needs of the user level, cultural level is uneven, have a plenty of college students in school, have a plenty of work for workers, and even some low education level of people laid off, so in order to adapt to different level differences in users, the Series_63 Discount exam questions at the time of writing teaching materials with a special focus on the text information expression, as little as possible the use of crude esoteric jargon, as much as possible by everyone can understand popular words to express some seem esoteric knowledge, so that more users through the Series_63 Discount prep guide to know that the main content of qualification examination, stimulate the learning enthusiasm of the user, arouse their interest in learning.
FINRA Series_63 Discount - You still can pass the exam with our help.
Nowadays, using computer-aided software to pass the Series_63 Discount exam has become a new trend. Because the new technology enjoys a distinct advantage, that is convenient and comprehensive. In order to follow this trend, our company product such a Series_63 Discount exam questions that can bring you the combination of traditional and novel ways of studying. The passing rate of our study material is up to 99%. If you are not fortune enough to acquire the Series_63 Discount certification at once, you can unlimitedly use our product at different discounts until you reach your goal and let your dream comes true.
And you can free download the demos of the Series_63 Discount practice engine to have a experience before payment. During the operation of the Series_63 Discount study materials on your computers, the running systems of the Series_63 Discount study guide will be flexible, which saves you a lot of troubles and help you concentrate on study.
Series_63 PDF DEMO:
QUESTION NO: 1
You are an investment adviser to Mr. Crochety, an elderly man who lives solely on his social security
income although he managed to accumulate an investment portfolio worth about $100,000 over the years.
Mr. Crochety recently got his hands on a business publication and read about the tax-free interest paid by
municipal bonds. He calls you and instructs you to sell his other investments and invest all his money in a
municipal bond portfolio, so that "the government doesn't get any more of my hard-earned money."
You
tell Mr. Crochety that you don't believe this is a wise move because he's in such a low tax bracket that
municipal bonds are not a good investment for him, but he is insistent. Based on these facts, you should
A. ignore Mr. Crochety's instruction since it is not in his best interest.
B. require Mr. Crochety to sign an affidavit of liability waiver, indicating that you will not be held responsible for any adverse consequences of this decision.
C. have Mr. Crochety sign a statement of investment policy that indicates that this transaction is being executed on the client's instructions and that you have advised the client against it.
D. call Mr. Crochety's relatives and suggest they have him examined for mental instability.
Answer: C
Explanation: Given that you have advised Mr. Crochety that this is not a wise move and he still insists on it,
you should protect yourself by getting it in writing. In no case, however, can you require a client to sign an
affidavit of liability waver, nor can you refuse to follow his adamant instructions.
QUESTION NO: 2
Harry Lange manages the investment portfolio for the Fidelity Magellan Mutual Fund. Mr.
Lange is a(n)
A. broker-dealer.
B. agent.
C. investment adviser.
D. investment company.
Answer: C
Explanation: If Harry Lange is managing the investment portfolio of Fidelity Magellan Mutual Fund, he is
an investment adviser. He is making the investment decisions and receives a percentage of the assets under management as his compensation. He is not selling the mutual fund or the fund's investors anything, which is the job of a broker-dealer or an agent. Fidelity Magellan is the investment company.
QUESTION NO: 3
Mr. Bigwig, CEO of HiGrowth Corporation, meets with the president of BigFee Investment
Bankers and
arranges for BigFee to underwrite an Initial Public Offering (IPO) for the firm. When the IPO comes to market, GetErDone Broker-Dealers is part of the selling group, which handles the sale of the stock to the
public. In this scenario, which party is the issuer?
A. HiGrowth Corporation
B. Mr. Bigwig
C. BigFee Investment Bankers
D. GetErDone Broker-Dealers
Answer: A
Explanation: HiGrowth Corporation is the issuer in this instance. Its stock will be sold, and HiGrowth will
receive the proceeds from the sale-less BigFee's underwriting spread. Mr. Bigwig is merely
HiGrowth's
representative in this instance.
QUESTION NO: 4
In its prospectus, the YourMoney Mutual Fund provides charts and tables of its average annual return
over the past year, three years, five years, and ten years. The fund's return has indeed been phenomenal
over this time period, beating the S&P 500 Index by at least 15%. The prospectus states that this is because the fund invests in securities that are riskier and that, therefore, an investor can expect the fund
to continue earning a return higher than the S&P 500 Index. Is YourMoney guilty of any security violations?
A. No. YourMoney properly revealed to prospective investors the fact that its higher than average returns
are the result of its investment in riskier securities.
B. Yes. There is no way the fund could have beaten the S&P 500 Index by at least 15% over the past ten
years. The fund is obviously misstating its returns.
C. Yes. YourMoney is guilty of fraud in claiming that "an investor can expect the fund to continue earning
a return higher than the S&P 500 Index." Past performance is no indication of future performance.
D. No. Regulations require only that the mutual fund provide charts and tables of its average annual returns, with a statement comparing the fund performance with a relevant market index.YourMoney has
done this and more.
Answer: C
Explanation: Yes. YourMoney is guilty of fraud in its claim that "an investor can expect the fund to continue earning a return higher than the S&P 500 Index." Past performance is no indication of futur e
performance, and this statement is clearly a misstatement of a material fact. In fact, because the securities the fund invests in are riskier than average, the fund returns can be expected to fall harder than
the S&P 500 Index in a market downturn.
QUESTION NO: 5
Joe Treader is the owner of a small, state-registered investment advisory firm that is on the verge of
becoming insolvent. One of his clients who has become like a mother to him is aware of his financial difficulties and has offered to sell off some of the assets that he manages for her and loan him the money
to get him through this period of economic
uncertainty until he is able to get on his feet again. Can Joe take her up on her offer?
A. Yes. Based on the facts presented, it is an unsolicited offer and, as such, Joe can (and should) accept
it.
B. Yes, but only if Joe draws up a formal loan agreement with a fair interest rate, based on the going market rates, stated in the agreement as well as a firm date for principal repayment.
C. No. As the client's investment adviser, he has a fiduciary relationship with the client. Entering a loan
agreement with this client could lead to conflicts of interest.
D. Both A and B are true.
Answer: C
Explanation: No, Joe cannot take his client's offer of a loan because it could lead to a conflict of interest--if
not today, perhaps in the future--and as a fiduciary Joe will be expected to put this client's welfare ahead
of his own. If it takes him a lot longer than expected to get on his feet again, he may be tempted to act in
his own best interest.
And our SAP C-C4H62-2408study materials have three formats which help you to read, test and study anytime, anywhere. We believe that if you purchase HP HPE2-T37 test guide from our company and take it seriously into consideration, you will gain a suitable study plan to help you to pass your exam in the shortest time. Which kind of Network Appliance NS0-304 certificate is most authorized, efficient and useful? We recommend you the Network Appliance NS0-304 certificate because it can prove that you are competent in some area and boost outstanding abilities. It means that if you do not persist in preparing for the SAP P_SAPEA_2023 exam, you are doomed to failure. At the same time, we believe that our Amazon SAA-C03 training quiz will be very useful for you to have high quality learning time during your learning process.
Updated: May 26, 2022