All crucial points are included in the Series_63 Test Dumps.Zip exam materials with equivocal contents for your reference with stalwart faith. And we also have the according three free demos of the Series_63 Test Dumps.Zip practice engine for you to download before your purchase. Allowing for the different bents of exam candidate, we offer three versions of our Series_63 Test Dumps.Zip learning braindumps for you. I can guarantee that our study materials will be your best choice. Our Series_63 Test Dumps.Zip study materials have three different versions, including the PDF version, the software version and the online version. So even trifling mistakes can be solved by using our Series_63 Test Dumps.Zip practice questions, as well as all careless mistakes you may make.
FINRA Certification Series_63 Omgzlook will help you achieve your dream.
It is known to us that our Series_63 - Uniform Securities Agent State Law Examination Test Dumps.Zip study materials have been keeping a high pass rate all the time. Do not spend too much time and money, as long as you have Omgzlook learning materials you will easily pass the exam. In order to help you more Omgzlook the FINRA Test Series_63 Tutorials exam eliminate tension of the candidates on the Internet.
Pdf version- it is legible to read and remember, and support customers’ printing request, so you can have a print and practice in papers. Software version-It support simulation test system, and times of setup has no restriction. Remember this version support Windows system users only.
FINRA Series_63 Test Dumps.Zip - We guarantee you 100% to pass the exam.
We all well know the status of FINRA certification Series_63 Test Dumps.Zip exams in the IT area is a pivotal position, but the key question is to be able to get FINRA Series_63 Test Dumps.Zip certification is not very simple. We know very clearly about the lack of high-quality and high accuracy exam materials online. Exam practice questions and answers Omgzlook provide for all people to participate in the IT industry certification exam supply all the necessary information. Besides, it can all the time provide what you want. Buying all our information can guarantee you to pass your first FINRA certification Series_63 Test Dumps.Zip exam.
As we all know, in the era of the popularity of the Internet, looking for information is a very simple thing. But a lot of information are lack of quality and applicability.
Series_63 PDF DEMO:
QUESTION NO: 1
Which of the following is not considered to be a security, as defined by the Uniform Securities
Act (USA)?
A. a debenture
B. a certificate of deposit (CD)
C. a put option
D. an annuity contract wherein an insurance company promises to pay a fixed sum, either in a lump amount or through periodic payments.
Answer: D
Explanation: The Uniform Securities Act excludes annuity contracts wherein an insurance company promises either to pay a fixed sum, either in a lump amount or through periodic payments, from its definition of a security. Debentures, CDs, and option contracts are all classified as securities under the USA.
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
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: 4
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: 5
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.
Omgzlook can not only provide all the information related to the FINRA certification SAP P-BTPA-2408 exam for the candidates, but also provide a good learning opportunity for them. Microsoft MS-700-KR - This is indeed true, no doubt, do not consider, act now. CompTIA FC0-U71 - With Omgzlook's help, you do not need to spend a lot of money to participate in related cram or spend a lot of time and effort to review the relevant knowledge, but can easily pass the exam. HP HP2-I73 - Within the last few decades, IT got a lot of publicity and it has been a necessary and desirable part of modern life. Our training program can effectively help you have a good preparation for FINRA certification Scrum SAFe-SASM exam.
Updated: May 26, 2022