To pass the certification exam, you need to select right Series_63 Test Quiz study guide and grasp the overall knowledge points of the real exam. The test questions from our Series_63 Test Quiz dumps collection cover almost content of the exam requirement and the real exam. Trying to download the free demo in our website and check the accuracy of Series_63 Test Quiz test answers and questions. Are you worried about how to passs the terrible FINRA Series_63 Test Quiz exam? Do not worry, With Omgzlook's FINRA Series_63 Test Quiz exam training materials in hand, any IT certification exam will become very easy. Omgzlook's FINRA Series_63 Test Quiz exam training materials is a pioneer in the FINRA Series_63 Test Quiz exam certification preparation. Our website offer you the latest Series_63 Test Quiz dumps torrent in pdf version and test engine version, which selected according to your study habit.
FINRA Certification Series_63 Yes, this is true.
Moreover, if you end up the cooperation between us,we have the responsibility to delete your personal information on Series_63 - Uniform Securities Agent State Law Examination Test Quiz exam prep. In addition, Omgzlook exam dumps will be updated at any time. If exam outline and the content change, Omgzlook can provide you with the latest information.
Our Series_63 Test Quiz study guide provides free trial services, so that you can learn about some of our topics and how to open the software before purchasing. During the trial period of our Series_63 Test Quiz study materials, the PDF versions of the sample questions are available for free download, and both the pc version and the online version can be illustrated clearly. You can contact us at any time if you have any difficulties in the purchase or trial process of our Series_63 Test Quiz exam dumps.
FINRA Series_63 Test Quiz - You can copy to your mobile, Ipad or others.
Different from other similar education platforms, the Series_63 Test Quiz quiz guide will allocate materials for multi-plate distribution, rather than random accumulation without classification. How users improve their learning efficiency is greatly influenced by the scientific and rational design and layout of the learning platform. The Uniform Securities Agent State Law Examination prepare torrent is absorbed in the advantages of the traditional learning platform and realize their shortcomings, so as to develop the Series_63 Test Quiz test material more suitable for users of various cultural levels. If just only one or two plates, the user will inevitably be tired in the process of learning on the memory and visual fatigue, and the Series_63 Test Quiz test material provided many study parts of the plates is good enough to arouse the enthusiasm of the user, allow the user to keep attention of highly concentrated.
Our Series_63 Test Quiz dumps torrent contains everything you want to solve the challenge of real exam. Our Series_63 Test Quiz free dumps demo will provide you some basic information for the accuracy of our exam materials.
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
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
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: 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.
What we attach importance to in the transaction of latest Microsoft MB-700 quiz prep is for your consideration about high quality and efficient products and time-saving service. Our website offers you the latest preparation materials for the Google Professional-Data-Engineer real exam and the study guide for your review. To add up your interests and simplify some difficult points, our experts try their best to simplify our Microsoft AZ-120 study material and help you understand the learning guide better. Accordingly there are huge changes on the study models of our Fortinet FCP_FMG_AD-7.4 exam dumps as well. The experts in our company are always keeping a close eye on even the slightest change on the ServiceNow CIS-CSM exam questions in the field.
Updated: May 26, 2022