Series 63 Questions And Answers Well Illustrated.
agent - correct answer. An individual who represents a broker/dealer or an issuer when selling or trying to sell securities to the investing public. This individual is considered an _____ whether he or she actually receives or simply s...
agent - correct answer. An individual who represents a broker/dealer or an issuer
when selling or trying to sell securities to the investing public. This individual is
considered an _____ whether he or she actually receives or simply solicits orders. Also
known as "registered representatives."
Two types of agents - correct answer. An individual who represents a broker dealer in
effecting or attempting to effect securities transactions (an entrepreneur selling stock in
his own company to raise capital
An employee is not an agent - correct answer. selling to non-resident customers(30
day limit)
selling to new residents (60 day limit)
Not an agent working as an issuers - correct answer. Individuals who represent
issuers of certain exempt securities ( US gov
Individuals who represent issuers in exempt transactions(CFO selling bonds to
institutional investors
Individuals representing issuers selling only to qualified purchasers or selling private
placements (under 33 act )
If you see a question about the issuer of a certificate of deposit, voting trust certificate or
collateral trust certificate, look for the terms - correct answer. depositor or manager in
the answer choices
If you are asked who is the issuer of a certificate of interest or participation in oil, gas or
mining titles or leases - correct answer. the answer is that there is no issuer
RR must file an application to register in the state in which a client is now a resident
within - correct answer. 10 business days of the later of: a transaction with the client in
the new state or the discovery by the rr of the clients change in residence
, Agent application - correct answer. the applicants qualifications and business history
any injunctions or administrative orders involving security
any convictions for misdemeanors involving securities
any felony convictions
the applicants financial condition and history
issuer - correct answer. According to the Uniform Securities Act, any person who
issues or proposes to issue any security. When a corporation or municipality raises
additional capital through an offering of securities, that corporation or municipality is the
issuer of those securities. An issuer transaction also is called a primary transaction.
historical performance - correct answer. may be shown to investors as long as proper
disclosure is provided indicating that it DOES NOT predict future results.
New resident exception to apply - correct answer. The rr must not be ineligible to
register in the new state, The rr must be registered with a registered securities
association and at least one state
The RRs broker dealer must be registered in the new state
If an agent leaves one broker dealer and becomes employed by another broker dealer -
correct answer. all three parties have to notify the administrator
In an agent terminates his employement with a broker dealer without going to a new
dealer - correct answer. both have to notify administrator
A minor is not considered a - correct answer. person
broker/dealer - correct answer. any person engaged in the business of effecting
transactions in securities for the account of others or for his own account.
Who is not a broker dealer - correct answer. a bank, savings institution, or trust
company, insurance companies
an issuer,
an agent
a person that has no place of business in the state and deals only with broker dealers,
institutional investors or the issue of the security involved in the transaction
Broker dealer info - correct answer. a person engaged in the business of effecting
securities transactions:
for the account of others (a broker)
or
Its own account (a dealer
Broker-dealer follow sec rules record retention for books and records - correct answer.
3 years retention 2 in an easily accessible location
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