With the help of our Series_63 Test Cram study guide, you can adjust yourself to the exam speed and stay alert according to the time-keeper that we set on our Series_63 Test Cram training materials. Therefore, you can trust on our Series_63 Test Cram exam materials for this effective simulation function will eventually improve your efficiency and assist you to succeed in the Series_63 Test Cram exam. And we believe you will pass the Series_63 Test Cram exam just like the other people! Omgzlook FINRA Series_63 Test Cram exam training materials is the best choice to help you pass the exam. The training materials of Omgzlook website have a unique good quality on the internet. So choosing our Series_63 Test Cram training materials is a wise choice.
FINRA Certification Series_63 We provide one-year customer service; 4.
FINRA Certification Series_63 Test Cram - Uniform Securities Agent State Law Examination There is no point in regretting for the past. If you are urgent to pass exam our exam materials will be suitable for you. Mostly you just need to remember the questions and answers of our FINRA Valid Study Series_63 Questions Ebook exam review questions and you will clear exams.
It is known to us that more and more companies start to pay high attention to the Series_63 Test Cram certification of the candidates. Because these leaders of company have difficulty in having a deep understanding of these candidates, may it is the best and fast way for all leaders to choose the excellent workers for their company by the Series_63 Test Cram certification that the candidates have gained. There is no doubt that the certification has become more and more important for a lot of people, especial these people who are looking for a good job, and it has been a general trend.
FINRA Series_63 Test Cram - You can take advantage of the certification.
Our Series_63 Test Cram exam review contains the latest test questions and accurate answers along with the professional explanations. A little attention to prepare Series_63 Test Cram practice test will improve your skills to clear exam with high passing score. For most busy IT workers, Series_63 Test Cram dumps pdf is the best alternative to your time and money to secure the way of success in the IT filed.
Let me tell the advandages of using the Series_63 Test Cram practice engine. First of all, Series_63 Test Cram exam materials will combine your fragmented time for greater effectiveness, and secondly, you can use the shortest time to pass the exam to get your desired certification.
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.
You can find latest IBM C1000-161 test answers and questions in our pass guide and the detailed explanations will help you understand the content easier. In order to facilitate the user real-time detection of the learning process, we Microsoft DP-600 exam material provideds by the questions and answers are all in the past.it is closely associated, as our experts in constantly update products every day to ensure the accuracy of the problem, so all Microsoft DP-600 practice materials are high accuracy. HP HPE2-T37 - Therefore, you will have more confidence in passing the exam. Our study materials can let users the most closed to the actual test environment simulation training, let the user valuable practice effectively on Splunk SPLK-1003 practice guide, thus through the day-to-day practice, for users to develop the confidence to pass the exam. ECCouncil 212-82 - The high quality and high pass rate has bbecome a reason for thousand of candidates to choose.
Updated: May 26, 2022