Our company has the highly authoritative and experienced team. In order to let customers enjoy the best service, all Series_63 Questions Vce exam prep of our company were designed by hundreds of experienced experts. Our Series_63 Questions Vce test questions will help customers learn the important knowledge about exam. Therefore, when you are ready to review the exam, you can fully trust our products, choose our learning materials. If you don't want to miss out on such a good opportunity, buy it quickly. Because our Series_63 Questions Vce study torrent can support almost any electronic device, including iPod, mobile phone, and computer and so on.
FINRA Certification Series_63 Everything is changing so fast.
FINRA Certification Series_63 Questions Vce - Uniform Securities Agent State Law Examination If these training products do not help you pass the exam, we guarantee to refund the full purchase cost. And we always have a very high hit rate on the Reliable Series_63 Real Test Question study guide by our customers for our high pass rate is high as 98% to 100%. No matter where you are or what you are, Reliable Series_63 Real Test Question practice questions promises to never use your information for commercial purposes.
IT certification candidates are mostly working people. Therefore, most of the candidates did not have so much time to prepare for the exam. But they need a lot of time to participate in the certification exam training courses.
FINRA Series_63 Questions Vce - it can help you to pass the IT exam.
If you really want to pass the Series_63 Questions Vce exam faster, choosing a professional product is very important. Our Series_63 Questions Vce study materials can be very confident that we are the most professional in the industry's products. We are constantly improving and just want to give you the best Series_63 Questions Vce learning braindumps. And we have engaged for years to become a trustable study flatform for helping you pass the Series_63 Questions Vce exam.
To pass the FINRA Series_63 Questions Vce exam, in fact, is not so difficult, the key is what method you use. Omgzlook's FINRA Series_63 Questions Vce exam training materials is a good choice.
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.
As you can imagine that you can get a promotion sooner or latter, not only on the salary but also on the position, so what are you waiting for? Just come and buy our VMware 3V0-61.24 study braindumps. HP HPE0-J68 - We are committed to your success. Based on the credibility in this industry, our Dell D-PV-DY-A-00 study braindumps have occupied a relatively larger market share and stable sources of customers. HP HPE0-G01 - And don't worry about how to pass the test, Omgzlook certification training will be with you. Our Microsoft AZ-104 study braindumps are so popular in the market and among the candidates that is because that not only our Microsoft AZ-104 learning guide has high quality, but also our Microsoft AZ-104 practice quiz is priced reasonably, so we do not overcharge you at all.
Updated: May 26, 2022