Series 63 Study guides, Class notes & Summaries

Greenlight Exam 1 Series 63 Complete Questions And Answers |Verified

A customer suspects his investment advisory representative of fraudulent activity in his account. The customer decides to file a lawsuit related to the matter. In which of the following scenarios would the customer's case be permitted to move forward without the active participation of the customers? I. The customer is involved in an automobile accident which puts the customer into a coma. II. The customer travels to a foreign country where the customer has irregular access to communication...

If a car dealer offers $1,000 bonds as a bonus for the purchase of cars, the car dealer is correct answers engaging in the offering for sale of a security According to the Uniform Securities Act, offering securities as a bonus on the purchase of another thing for value, such as a car, constitutes an offer of securities. For the purposes of the Uniform Securities Act, the dealers are offering securities and are subject to the provisions of the act. The practice is not fraudulent, but registrat...

Series 63 Practice Exams Q & A Already Passed!!

Under the anti-fraud clause of the Uniform Securities Act, it is unlawful to: I. Employ any device, scheme, or artifice to defraud II. Make any untrue statement of fact III. Omit a material fact IV. Engage in any act, practice, or course of business that operates or would operate as a fraud or deceit upon any person A) II only B) I, II, and IV only C) I, II, III, and IV D) I, III, and IV only correct answers D) I, III, and IV only It is not fraudulent to make an untrue statement of an...

Series 63 Mock Exam Questions And Answers Latest Update

National Conference of Commissioners on Uniform State Laws (NCCUSL) correct answers Founded in 1892, this is an organization composed of lawyers who draft and propose template state legislation where uniformity in law among the states is deemed to be desirable. It was this organization that wrote the Uniform Securities Act. The organization does not, of course, actually write laws, but rather proposes legislation that a state may adopt if it chooses. National Conference of Commissioners on Un...

A person applying for an initial registration as an agent might be asked to provide all of the following except A) citizenship information. B) employment history. C) a consent to service of process. D) fingerprints. - D. Fingerprints Unlike FINRA, the USA does not require fingerprints for new registrants. Form U4 lists employment history and many other personal details. LO 2.g

agent correct answers 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 answers 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 c...

Which of the following are required to open a margin account? I. Customer loan agreement II. Margin risk disclosure III. Margin account agreement IV. Margin interest disclosure correct answers A) I and III- Customer loan agreement, margin account agreement Andrew is an agent who has done extensive personal research on XYZ Industries, a pharmaceutical company. ANdrew wants to take advantage of what he considers an excellent growth opportunity by purchasing XYZ inc at the current market pri...