If you are interested in Omgzlook's training program about FINRA certification Series_63 Latest Exam Tutorial exam, you can first on Omgzlook to free download part of the exercises and answers about FINRA certification Series_63 Latest Exam Tutorial exam as a free try. We will provide one year free update service for those customers who choose Omgzlook's products. With the help of the Series_63 Latest Exam Tutorial practice exam questions, you will be able to feel the real Series_63 Latest Exam Tutorial exam scenario, and it will allow you to assess your skills. Our Series_63 Latest Exam Tutorial exam questions zre up to date, and we provide user-friendly Series_63 Latest Exam Tutorial practice test software for the Series_63 Latest Exam Tutorial exam. Our resources are constantly being revised and updated, with a close correlation.
FINRA Certification Series_63 We can help you to achieve your goals.
We can lead you the best and the fastest way to reach for the certification of Series_63 - Uniform Securities Agent State Law Examination Latest Exam Tutorial exam dumps and achieve your desired higher salary by getting a more important position in the company. I think that for me is nowhere in sight. But to succeed you can have a shortcut, as long as you make the right choice.
If you have any question that you don't understand, just contat us and we will give you the most professional advice immediately. Compared with products from other companies, our Series_63 Latest Exam Tutorial practice materials are responsible in every aspect. After your purchase of our Series_63 Latest Exam Tutorial exam braindumps, the after sales services are considerate as well.
FINRA Series_63 Latest Exam Tutorial - It is convenient for the user to read.
Are you still searching proper Series_63 Latest Exam Tutorial exam study materials, or are you annoying of collecting these study materials? As the professional IT exam dumps provider, Omgzlook has offered the complete Series_63 Latest Exam Tutorial exam materials for you. So you can save your time to have a full preparation of Series_63 Latest Exam Tutorial exam.
While you are learning with our Series_63 Latest Exam Tutorial quiz guide, we hope to help you make out what obstacles you have actually encountered during your approach for Series_63 Latest Exam Tutorial exam torrent through our PDF version, only in this way can we help you win the Series_63 Latest Exam Tutorial certification in your first attempt. As a matter of fact, since the establishment, we have won wonderful feedback and ceaseless business, continuously working on developing our Series_63 Latest Exam Tutorial test prep.
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.
The happiness from success is huge, so we hope that you can get the happiness after you pass EMC D-PST-OE-23 exam certification with our developed software. Microsoft MB-330 - All our behaviors are aiming squarely at improving your chance of success. We've helped countless examinees pass SAP C_ARSOR_2404 exam, so we hope you can realize the benefits of our software that bring to you. if you choose to use the software version of our EMC D-PVM-DS-23 study guide, you will find that you can download our EMC D-PVM-DS-23 exam prep on more than one computer and you can practice our EMC D-PVM-DS-23 exam questions offline as well. Cisco 700-805 exam simulations files can help you obtain an IT certification.
Updated: May 26, 2022