There are totally three versions of Series_63 Test Materials practice materials which are the most suitable versions for you: PDF, software and app versions. We promise ourselves and exam candidates to make these Series_63 Test Materials preparation prep top notch. So if you are in a dark space, our Series_63 Test Materials study guide can inspire you make great improvements. This is a fair principle. But obtaining this Series_63 Test Materials certificate is not an easy task, especially for those who are busy every day. Our website is an excellent platform, which provides the questions of these versions of our Series_63 Test Materials exam questions compiled by experts.
FINRA Certification Series_63 Join us soon.
Up to now, there are three versions of Series_63 - Uniform Securities Agent State Law Examination Test Materials exam materials for your choice. The good news is that according to statistics, under the help of our Series_63 Training Topics learning dumps, the pass rate among our customers has reached as high as 98% to 100%. It is strongly proved that we are professonal in this career and our Series_63 Training Topics exam braindumps are very popular.
If you choose our nearly perfect Series_63 Test Materialspractice materials with high quality and accuracy, our Series_63 Test Materials training questions can enhance the prospects of victory. Choosing our Series_63 Test Materials learning prep is the most useful way to improve your grade and chance to pass the exam. This time set your mind at rest with the help of our Series_63 Test Materials guide quiz.
FINRA Series_63 Test Materials - Why not have a try?
As is known to us, getting the newest information is very important for all people to pass the exam and get the certification in the shortest time. In order to help all customers gain the newest information about the Series_63 Test Materials exam, the experts and professors from our company designed the best Uniform Securities Agent State Law Examination test guide. The experts will update the system every day. If there is new information about the exam, you will receive an email about the newest information about the Series_63 Test Materials learning dumps. We can promise that you will never miss the important information about the exam.
With our Series_63 Test Materials exam questions, you will easily get the favor of executives and successfully enter the gates of famous companies. You will have higher wages and a better development platform.
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.
HP HPE7-A08 - The online version is open to all electronic devices, which will allow your device to have common browser functionality so that you can open our products. Simple text messages, deserve to go up colorful stories and pictures beauty, make the Microsoft MB-800 test guide better meet the zero basis for beginners, let them in the relaxed happy atmosphere to learn more useful knowledge, more good combined with practical, so as to achieve the state of unity. Network Appliance NS0-304 - The Internet is increasingly becoming a platform for us to work and learn, while many products are unreasonable in web design, and too much information is not properly classified. Therefore, getting the test EMC D-PSC-MN-01 certification is of vital importance to our future employment. EMC D-PE-OE-23 - Some of these users have already purchased a lot of information.
Updated: May 26, 2022