The client can decide which Series_63 Test Answers version to choose according their hobbies and their practical conditions. You will be surprised by the convenient functions of our Series_63 Test Answers exam dumps. Our Series_63 Test Answers training materials provide 3 versions to the client and they include the PDF version, PC version, APP online version. So our customers can pass the exam with ease. There are more opportunities for possessing with a certification, and our Series_63 Test Answers study tool is the greatest resource to get a leg up on your competition, and stage yourself for promotion. Our APP online version of Series_63 Test Answers exam questions has the advantage of supporting all electronic equipment.
FINRA Certification Series_63 They will thank you so much.
Get the test Series_63 - Uniform Securities Agent State Law Examination Test Answers certification is not achieved overnight, we need to invest a lot of time and energy to review, and the review process is less a week or two, more than a month or two, or even half a year, so Series_63 - Uniform Securities Agent State Law Examination Test Answers exam questions are one of the biggest advantage is that it is the most effective tools for saving time for users. As long as you encounter obstacles in the learning process on our Series_63 New APP Simulations training guide, send us an email and we will solve it for you at the first time. Please believe that Series_63 New APP Simulations learning materials will be your strongest backing from the time you buy our Series_63 New APP Simulations practice braindumps to the day you pass the exam.
Our test prep can help you to conquer all difficulties you may encounter. In other words, we will be your best helper. All kinds of exams are changing with dynamic society because the requirements are changing all the time.
FINRA Series_63 Test Answers - Also, the system will deduct the relevant money.
We all know that Series_63 Test Answers learning guide can help us solve learning problems. But if it is too complex, not only can’t we get good results, but also the burden of students' learning process will increase largely. Unlike those complex and esoteric materials, our Series_63 Test Answers preparation prep is not only of high quality, but also easy to learn. For our professional experts simplified the content of theSeries_63 Test Answers exam questions for all our customers to be understood.
In order to remain competitive in the market, our company has been keeping researching and developing of the new Series_63 Test Answers exam questions. We are focused on offering the most comprehensive Series_63 Test Answers study materials which cover all official tests.
Series_63 PDF DEMO:
QUESTION NO: 1
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: 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
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.
QUESTION NO: 4
Shady Corporation's executives are concerned over the firm's steadily declining stock price and decide to
do something about it. They each decide to make significantly large purchases of their firm's stock in order to stabilize and hopefully even to drive up its price, reasoning that they can sell the stock for the
higher price down the road and profit from the transaction. You are a broker-dealer for the firm's executives. Are Shady's executives planning to do anything illegal?
A. No. It's a win-win. They are using their own money to buy stock of their firm, and this can help drive the
stock price up and put profits in their pockets.
B. Yes. To purchase shares of their own company is considered to be illegal insider trading.
C. No. As long as they follow the rules and report their purchases to the SEC, it is not illegal for them to
purchase shares of their firm's stock.
D. Yes. Although it is not illegal for them to purchase shares of their firm's stock, they cannot do so in order to try to manipulate the price of the stock.
Answer: D
Explanation: Yes. Although it is not illegal for Shady's executives to purchase shares of their firm's stock,
in this case they are planning to do something illegal in deciding to make significantly large purchases of
their firm's stock in order to manipulate the price. This is an example of price pegging.
QUESTION NO: 5
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.
But now, your search is ended as you have got to the right place where you can catch the finest Dell D-PV-DY-A-00 exam materials. Our Microsoft PL-500 study materials can help you get your certification in the least time with the least efforts. Dell D-PDM-A-01 - Users can evaluate our products by downloading free demo templates prior to formal purchase. Microsoft AZ-140 - It is easy to carry. Oracle 1z1-106 - Believe that there is such a powerful expert help, our users will be able to successfully pass the qualification test to obtain the qualification certificate.
Updated: May 26, 2022