Being the most competitive and advantageous company in the market, our Series_63 Exam Dumps practice quiz have help tens of millions of exam candidates realize their dreams all these years. If you are the dream-catcher, we are willing to offer help with our Series_63 Exam Dumps study guide like always. And if you buy our Series_63 Exam Dumps exam materials, then you will find that passing the exam is just a piece of cake in front of you. Our Series_63 Exam Dumps study questions not only have three different versions for our customers to choose and enjoy the convenience and preasure in the varied displays. The most important part is that all content of our Series_63 Exam Dumps learning braindumps are being sifted with diligent attention and easy to understand for all of our candidates. Their enrichment is dependable and reliable on the Series_63 Exam Dumps training braindumps.
FINRA Certification Series_63 They have always been in a trend of advancement.
Why not give us a chance to prove? Our Series_63 - Uniform Securities Agent State Law Examination Exam Dumps guide question dumps will never let you down. By focusing on how to help you effectively, we encourage exam candidates to buy our Series_63 Latest Exam Dumps Demo practice test with high passing rate up to 98 to 100 percent all these years. Our FINRA exam dumps almost cover everything you need to know about the exam.
Apart from basic knowledge, we have made use of the newest technology to enrich your study of the Series_63 Exam Dumps exam study materials. Online learning platform is different from traditional learning methods. One of the great advantages is that you will soon get a feedback after you finish the exercises.
FINRA Series_63 Exam Dumps - You do not need to study day and night.
Our Series_63 Exam Dumps exam prep will give you a complete after-sales experience. You can consult online no matter what problems you encounter. You can get help anywhere, anytime in our Series_63 Exam Dumps test material. Series_63 Exam Dumps test questions have very high quality services in addition to their high quality and efficiency. If you use Series_63 Exam Dumps test material, you will have a very enjoyable experience while improving your ability. We have always advocated customer first. If you use our learning materials to achieve your goals, we will be honored. Series_63 Exam Dumps exam prep look forward to meeting you.
Now, our company is specialized in design, development, manufacturing, marketing and retail of the Series_63 Exam Dumps test question, aimed to provide high quality product, solutions based on customer's needs and perfect service of the Series_63 Exam Dumps exam braindump. At the same time, we have formed a group of passionate researchers and experts, which is our great motivation of improvement.
Series_63 PDF DEMO:
QUESTION NO: 1
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: 2
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: 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.
Using EMC D-CIS-FN-23 exam prep is an important step for you to improve your soft power. At the same time, all operation of the online engine of the IBM C1000-180 training practice is very flexible as long as the network is stable. If we update, we will provide you professional latest version of Cisco 700-805 dumps torrent as soon as possible, which means that you keep up with your latest knowledge in time. Today, our CIMA CIMAPRO19-CS3-1 exam materials will radically change this. So there is nothing to worry about, just buy our SAP C_C4H62_2408 exam questions.
Updated: May 26, 2022