If you would like to sail through the test, come on and try it. To pass FINRA Series_63 Cram Pdf certification exam seems to be a very difficult task. Having registered Series_63 Cram Pdf test, are you worrying about how to prepare for the exam? If so, please see the following content, I now tell you a shortcut through the Series_63 Cram Pdf exam. We guarantee to the clients if only they buy our study materials and learn patiently for some time they will be sure to pass the Series_63 Cram Pdf test with few failure odds. Our Series_63 Cram Pdf study materials concentrate the essence of exam materials and seize the focus information to let the learners master the key points. In addition, if you have no time to prepare for your exam, you just remember the questions and the answers in the dumps.
FINRA Certification Series_63 It is convenient for the user to read.
So you can save your time to have a full preparation of Series_63 - Uniform Securities Agent State Law Examination Cram Pdf exam. As a matter of fact, since the establishment, we have won wonderful feedback and ceaseless business, continuously working on developing our Latest Series_63 Practice Exam Online test prep. We have been specializing Latest Series_63 Practice Exam Online exam dumps many years and have a great deal of long-term old clients, and we would like to be a reliable cooperator on your learning path and in your further development.
The happiness from success is huge, so we hope that you can get the happiness after you pass Series_63 Cram Pdf exam certification with our developed software. Your success is the success of our Omgzlook, and therefore, we will try our best to help you obtain Series_63 Cram Pdf exam certification. We will not only spare no efforts to design Series_63 Cram Pdf exam materials, but also try our best to be better in all after-sale service.
FINRA Series_63 Cram Pdf - It is so cool even to think about it.
In this highly competitive modern society, everyone needs to improve their knowledge level or ability through various methods so as to obtain a higher social status. Under this circumstance passing Series_63 Cram Pdf exam becomes a necessary way to improve oneself. And you are lucky to find us for we are the most popular vendor in this career and have a strong strength on providing the best Series_63 Cram Pdf study materials. And the price of our Series_63 Cram Pdf practice engine is quite reasonable.
The innovatively crafted dumps will serve you the best; imparting you information in fewer number of questions and answers. Created on the exact pattern of the actual Series_63 Cram Pdf tests, Omgzlook’s dumps comprise questions and answers and provide all important Series_63 Cram Pdf information in easy to grasp and simplified content.
Series_63 PDF DEMO:
QUESTION NO: 1
Which of the following is not considered to be a security, as defined by the Uniform Securities
Act (USA)?
A. a debenture
B. a certificate of deposit (CD)
C. a put option
D. an annuity contract wherein an insurance company promises to pay a fixed sum, either in a lump amount or through periodic payments.
Answer: D
Explanation: The Uniform Securities Act excludes annuity contracts wherein an insurance company promises either to pay a fixed sum, either in a lump amount or through periodic payments, from its definition of a security. Debentures, CDs, and option contracts are all classified as securities under the USA.
QUESTION NO: 2
A variable annuity is:
A. not a security and, therefore, does not have to be registered with the state.
B. not a security, but is still required to be registered with the state before it can be offered for sale.
C. a security and, therefore, has to be registered with the state before it can be offered for sale.
D. a security, but is exempt from state registration.
Answer: D
Explanation: A variable annuity is defined as a security, but is exempt from state registration in the opinion
of the North American Securities Administrators Association (NASAA.) The Supreme Court of the U.S.
passed a ruling that deemed a variable annuity to be a security. The National Securities Market
Improvement Act of 1996 (NSMIA) established variable annuities to be federal covered securities, however, since they are, for all intents and purposes, mutual funds. Federal covered securities are exempt from state registration.
QUESTION NO: 3
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: 4
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: 5
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.
However, it is difficult for many people to get a Fortinet NSE5_FSM-6.3 certification, but we are here to offer you help. You can only get the most useful and efficient SAP P-SAPEA-2023 guide materials with the most affordable price from our company, since we aim to help as many people as possible rather than earning as much money as possible. IIA IIA-CIA-Part3-CN - In fact, our aim is the same with you. Our high-quality Oracle 1z1-819} learning guide help the students know how to choose suitable for their own learning method, our Oracle 1z1-819 study materials are a very good option. As is known to us, there are best sale and after-sale service of the CompTIA DY0-001 certification training dumps all over the world in our company.
Updated: May 26, 2022