And our Series_63 Dumps Materials study materials always contain the latest exam Q&A. Even though we have already passed many large and small examinations, we are still unconsciously nervous when we face examination papers. Series_63 Dumps Materials practice quiz provide you with the most realistic test environment, so that you can adapt in advance so that you can easily deal with formal exams. Also, from an economic point of view, our Uniform Securities Agent State Law Examination exam dumps is priced reasonable, so the Series_63 Dumps Materials test material is very responsive to users, user satisfaction is also leading the same products. So economical and practical learning platform, I believe that will be able to meet the needs of users. You can print it out, so you can practice it repeatedly conveniently.
Series_63 Dumps Materials exam prep look forward to meeting you.
FINRA Certification Series_63 Dumps Materials - Uniform Securities Agent State Law Examination What is more, we have never satisfied our current accomplishments. As you know, we are now facing very great competitive pressure. We need to have more strength to get what we want, and Series_63 Exam Fee exam dumps may give you these things.
Also, you must open the online engine of the study materials in a network environment for the first time. In addition, the Series_63 Dumps Materials study dumps don’t occupy the memory of your computer. When the online engine is running, it just needs to occupy little running memory.
FINRA Series_63 Dumps Materials - It is useless if you do not prepare well.
Annual test syllabus is essential to predicate the real Series_63 Dumps Materials questions. So you must have a whole understanding of the test syllabus. After all, you do not know the Series_63 Dumps Materials exam clearly. It must be difficult for you to prepare the Series_63 Dumps Materials exam. Then our study materials can give you some guidance. All questions on our Series_63 Dumps Materials study materials are strictly in accordance with the knowledge points on newest test syllabus. Also, our experts are capable of predicating the difficult knowledge parts of the Series_63 Dumps Materials exam according to the test syllabus. We have tried our best to simply the difficult questions. In order to help you memorize the Series_63 Dumps Materials study materials better, we have detailed explanations of the difficult questions such as illustration, charts and referring website. Every year some knowledge is reoccurring over and over. You must ensure that you master them completely.
Every day thousands of people browser our websites to select our Series_63 Dumps Materials exam materials. As you can see, many people are inclined to enrich their knowledge reserve.
Series_63 PDF DEMO:
QUESTION NO: 1
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: 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
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: 4
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: 5
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.
When you try our part of FINRA certification Adobe AD0-E903 exam practice questions and answers, you can make a choice to our Omgzlook. Now Omgzlook provide you a effective method to pass FINRA certification Salesforce CPQ-Specialist exam. SMRP CMRP - Selecting Omgzlook, you will be an IT talent. Microsoft DP-600 - Omgzlook can also promise if you fail to pass the exam, Omgzlook will 100% refund. In today's competitive IT industry, passing FINRA certification SMRP CMRP exam has a lot of benefits.
Updated: May 26, 2022