FINRA Uniform Securities Agent State Law Examination : Series_63

Pleasant shopping process

Once you browser our official websites, you are bound to love our study materials. All our Series_63 study materials are displayed orderly on the web page. Also, you just need to click one kind; then you can know much about it. There have detailed introductions about the study materials such as price, version, free demo and so on. We have designed a chat window below the web page. Once you want to ask some questions about the Series_63 training engine, you can click the little window. Then you just need to click the buttons after writing your email address and your questions. Our back operation system will soon receive your email; then you will get a quick feedback from our online workers. Also, you just need to add your favorite Series_63 exam guide: Uniform Securities Agent State Law Examination into cart. When you finish shopping, you just need to go back to the shopping cart to pay money for our study materials. The whole process is quickly.

Smooth operation

Some people are worrying about that they cannot operate the windows software and the online test engine of the Series_63 training engine smoothly. We ensure that you totally have no troubles in learning our study materials. All small buttons are designed to be easy to understand. Also, the layout is beautiful and simple. Complex designs do not exist in our Series_63 exam guide: Uniform Securities Agent State Law Examination. In addition, our windows software and online test engine are suitable for all age groups. At the same time, our operation system is durable and powerful. So you totally can control the Series_63 study materials flexibly. It is enough to wipe out your doubts now. If you still have suspicions, please directly write your questions and contact our online workers.

No installation limitations

Once you purchase our windows software of the Series_63 training engine, you can enjoy unrestricted downloading and installation of our study materials. You need to reserve our installation packages of our study materials in your flash disks. Then you can go to everywhere without carrying your computers. One thing you need to remember is that the windows software of the Series_63 study materials only supports windows operating system. Also, it needs to run on Java environment. If the computer doesn’t install JAVA, it will automatically download to ensure the normal running of the study materials. What’s more, all computers you have installed our study materials can run normally. Our Series_63 exam guide: Uniform Securities Agent State Law Examination are cost-effective.

Maybe life is too dull; people are willing to pursue some fresh things. If you are tired of the comfortable life, come to learn our Series_63 exam guide: Uniform Securities Agent State Law Examination. Learning will enrich your life and change your views about the whole world. Also, lifelong learning is significant in modern society. Perhaps one day you will become a creative person through your constant learning of our Series_63 study materials. Everything is changing so fast. So do not reject challenging new things. Our study materials absolutely can add more pleasure to your life. You just need a chance to walk out.

FINRA Series_63 Exam Syllabus Topics:

FINRA Uniform Securities Agent State Law Examination Sample Questions:

Question 1

Which of the following is not considered to be a security, as defined by the Uniform Securities Act (USA)?

A. a debenture
B. an annuity contract wherein an insurance company promises to pay a fixed sum, either in a lump amount or through periodic payments.
C. a certificate of deposit (CD)
D. a put option

Question 2

Goldie Locks is an agent with Bear Broker-Dealers. One of her clients is a single woman, Annie Spinster,
who is retired and needs income from her investment portfolio to meet her current needs for liquidity. In
addition to investing in mutual funds, Annie likes the thrill of investing in single stocks and asks Goldie for
recommendations. Goldie recommends Annie invest some of her money in Alcon (ACL), a medical
instrument and supplies company selling on the NYSE, based on the fact that it has a high dividend yield
and is paying a dividend of $2.21 a share, which is guaranteed to continue or even increase, Goldie
assures Annie. Has Goldie violated any laws or engaged in any prohibited practices?

A. No. Goldie merely responded to a recommendation request from a client, and the recommendation is
suitable since the client has a need for current income and the recommended stock pays a high dividend.
B. Yes. At the very least, Goldie has committed fraud since she cannot guarantee that a firm's dividend
will continue or increase.
C. Yes. As the agent of a broker-dealer, Goldie is not permitted to make recommendations for specific
investments. Only investment adviser representatives and investment advisers can do that.
D. Both A and B are true.

Question 3

Which of the following does not describe a prohibited activity by investment advisers and their
representatives, according to NASAA Model Rules?

A. A 72-year-old retired social worker comes to Simon LaGree for investment advice. She has $50,000 to
invest. Simon recommends she invest half of it in an international growth mutual fund and half in a
variable annuity.
B. A new client comes to Simon LaGree for investment advice. The client has $25,000 to invest.Simon
tells the client that it will cost the client $5,000 to have a customized financial plan developed for him, but
after that the client needs to pay only 5% of the total value of the assets under management each quarter.
C. All of the above describe prohibited practices.
D. The agreement that Simon LaGree has his clients sign indicates that LaGree uses SecureMoney
Broker-Dealers in executing trades for his clients and that, in return, LaGree receives software from the
broker-dealer that allows LaGree to perform some fundamental and technical analysis.

Question 4

Which of the following statements best explains the difference between an agent and a broker-dealer?

A. An agent is an individual who represents a broker-dealer or an issuer and buys and sells securities he
does not own in return for a commission on the transactions he executes. A broker-dealer may also buy
and sell securities for his own portfolio, in which case the broker-dealer enjoys any price appreciation on
those securities.
B. Agents conduct their business exclusively in the secondary market, while broker-dealers also operate
in the primary market.
C. Agents are engaged exclusively in the purchase and sale of stocks whereas broker-dealers also buy
and sell bonds and option contracts.
D. A broker-dealer must be licensed in the state in which he conducts business, but there are no separate
licensing requirements for agents.

Question 5

Constance is an investment adviser representative. She told one of her clients that he should put at least
1 5% of his investment monies in a U.S. government bond mutual fund.
She explained that she believed that he required this percentage to meet his liquidity needs, and U.S.
government bond funds are risk-free. A few months later, the client needed to sell some of his fund shares
in order to pay some medical bills and was surprised to discover that he lost money on the sale because
the net asset value of the fund had dropped. Was Constance guilty of any securities violations?

A. It depends. If Constance realized that the client could lose money in a U.S. government bond fund,
then she is guilty of fraud, but if she did not herself realize that, then she is merely misinformed.
B. No. U.S. government bonds are often referred to as risk-free investments, so Constance made no
misstatement of fact in telling her client this.
C. Yes. Constance is guilty of fraud. She misled the client into thinking he couldn't lose any money if he
invested the money in a U.S. government bond mutual fund.
D. Yes. Constance should never recommend that a client invest such a high percentage of his investment
monies in a U.S. government bond mutual fund.

Solutions: