Omgzlook Series_63 Questions And Answers exam preparation begins and ends with your accomplishing this credential goal. Although you will take each Series_63 Questions And Answers online test one at a time - each one builds upon the previous. Remember that each Series_63 Questions And Answers exam preparation is built from a common certification foundation.Series_63 Questions And Answers prepareation will provide the most excellent and simple method to pass your Series_63 Questions And Answers Certification Exams on the first attempt. As long as you choose our dumps as review tool before the exam, you will have a happy result in Series_63 Questions And Answers exam, which is perfectly obvious. Now hurry to download free demo, you will believe your choice can't be wrong. We have the complete list of popular Series_63 Questions And Answers exams.
Actually, Series_63 Questions And Answers exam really make you anxious.
Our professional experts not only have simplified the content and grasp the key points for our customers, but also recompiled the Series_63 - Uniform Securities Agent State Law Examination Questions And Answers preparation materials into simple language so that all of our customers can understand easily no matter which countries they are from. Every version of Reliable Series_63 Exam Cost study materials that we provide to you has its own advantage: the PDF version has no equipment limited, which can be read anywhere; the online version can use on any electronic equipment there is network available; the software version can simulate the real Reliable Series_63 Exam Cost exam environment to let you have more real feeling to Reliable Series_63 Exam Cost real exam, besides the software version can be available installed on unlimited number devices.
By passing the exams multiple times on practice test software, you will be able to pass the real Series_63 Questions And Answers test in the first attempt. With our Series_63 Questions And Answers practice test software, you can simply assess yourself by going through the Series_63 Questions And Answers practice tests. We highly recommend going through the Series_63 Questions And Answers answers multiple times so you can assess your preparation for the Series_63 Questions And Answers exam.
FINRA Series_63 Questions And Answers - There is no doubt that you can get a great grade.
Our Series_63 Questions And Answers training quiz is provided by PDF, Software/PC, and App/Online, which allows you to choose a suitable way to study anytime and anywhere. The PDF versions of Series_63 Questions And Answers study materials can be printed into a paper file, more convenient to read and take notes. You can also try the simulated exam environment with Series_63 Questions And Answers software on PC. Anyway, you can practice the key knowledge repeatedly with our Series_63 Questions And Answers test prep, and at the same time, you can consolidate your weaknesses more specifically.
So we have adamant attitude to offer help rather than perfunctory attitude. All Series_63 Questions And Answers test prep is made without levity and the passing rate has up to 98 to 100 percent now.
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
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: 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.
Our SAP C_SAC_2415 practice materials are really reliable. If you do not have extraordinary wisdom, do not want to spend too much time on learning, but want to reach the pinnacle of life through Amazon AI1-C01 exam, then you must have Amazon AI1-C01 question torrent. By practicing our SAP C_C4H46_2408 learning materials, you will get the most coveted certificate smoothly. Our CompTIA CS0-003 study materials are easy to be mastered and boost varied functions. IBM C1000-188 - We can guarantee to you that there no virus in our product.
Updated: May 26, 2022