Series 63 - Study guides, Class notes & Summaries

Series 63 Exam Questions and Answers (Laest Update 2024)

Series 63 Questions with Correct Answer2

Series 63 - Practice Exam Questions with Correct Answers

Series 63 - Questions And Answers 100% Verified. Exceptions for BD Agents - correct answer. The only exceptions that apply to a person working for a BD effecting securities transactions is in reference to WHO they sell to: 1.) Non-Resident Customer (30 day) -RR can continue to service customer even if he is not registered as an agent in the state in which the customer is temporarily located. -Time frame is 30 days or less 2.) New Resident Customer (60 day) -RR is ...

A transactional exemption would be available when a sale is made in all of the following situations EXCEPT A) to a federally chartered credit union B) to a lawyer as an incidental part of his legal practice C) to a broker-dealer by a non-affiliated broker-dealer D) by a federal marshal to individual investors correct answers B The Uniform Securities Act provides for civil penalties in the event of improper activities of agents. Under the act, the maximum that a purchaser would be enti...

According to NASAA's Statement of Policy on Dishonest or Unethical Business Practices of Brokers-Dealers and Agents, all of the following practices are considered unethical for an agent except A) determining the quantity of a specific security to purchase once the client has designated that security and the action to be taken. B) receiving written discretionary authority from a client within 10 business days of first executing a discretionary trade with oral authority from the client. C)...

What provisions of the USA can the Administrator not change? correct answers Laws relating to defined exempt securities (always have jurisdiction if Fraud is involved) Does the Administrator have jurisdiction over a transaction effected or accepted in a state? correct answers Yes Does the Administrator have jurisdiction when an offer was directed from the state, or directed into the state? correct answers Yes Does the Administrator have jurisdiction when a check for a transaction was...

Series 63 Exam (STC) Final Exams questions and answers

Series 63 – (Went from Chapter 1 to Chapter 5 and made flash cards for around 90-95% of the material included in the Series 63 RegEd book/binder) You're welcome.

Although state registration is not required for federal covered advisers, most states do require them to make a notice filing with the Administrator. This consists of : -copies of the registration forms sent to the SEC, -a consent to service of process form, -and a filing fee. correct answers NOT classified as broker-dealers: 1. Agents (registered representatives) 2. Issuers 3. Banks, savings institutions, and trust companies 4. Persons who have no place of business in the state and w...