Series63試験無料問題集「FINRA Uniform Securities Agent State Law Examination 認定」

A. SecureMoney Broker-dealers must register as an investment adviser since one of its employees is providing investment advice.

B. Neither SecureMoney Broker-dealers nor Erin must register as an investment adviser based on the facts provided.

C. SecureMoney Broker-dealers must register as an investment adviser since one of its employees is providing investment advice, and Erin must register as an investment adviser representative as the firm's employee.

D. Erin must register as an investment adviser since she is providing investment advice.

A. a free initial consultation, with no obligation on the part of the potential client

B. testimonials of satisfied clients

C. a complete list of the stocks they have recommended in the past year, even if a statement is included that states that past performance is no guarantee of future performance

D. a free financial planning kit, with no obligation on the part of the potential client

A. If Ari is found guilty and has his license revoked, Small & Associates will be subject to a fine.

B. If Ari is found guilty and has his license revoked, he can appeal the decision in a court of law if he files the appeal within sixty days.

C. If Ari is found guilty and has his license revoked, Small & Associates will have its license revoked as well and must reapply for reinstatement by filling out an application and paying the requisite filing fees.

D. The Administrator of the state can assess Ari with both civil and criminal penalties.

A. "The SIPC is a government agency created by an Act of Congress to combat fraud."

B. The SIPC is the FDIC of the stock and bond markets."

C. "The SIPC is a government agency that was created by an Act of Congress to protect investors against losses in the stock and bond market."

D. "The SIPC was established to restore funds to investors when the brokerage firm they have been using is bankrupt or in financial distress."

A. John is obligated to try to sell his clients the funds offered by Load first since he is affiliated with them and has a fiduciary responsibility to them.

B. If, after reviewing the information form a client has filled out, John believes that one of Load's funds is an appropriate investment, John can recommend that the client invest in that fund. There is no disclosure requirement necessary if the recommendation is a sound one that can be proved to be based on the client's specific situation.

C. Both A and B are true.

D. John must provide his clients with a written disclosure that he will receive a greater remuneration for selling shares in the Load family of funds than if he sells them shares in other funds before he provides his clients with any investment advice.

A. Wheeler need not register in the state, but the securities must be registered before they can be sold to in-state investors.

B. Wheeler need not register in the state, and the securities are also exempt from registration.

C. Wheeler must register as a broker-dealer in the state, and the securities must also be registered before they can be sold to in-state investors.

D. Wheeler must register as a broker-dealer in the state, but the securities do not need to be registered.

A. TrustUs Bank has a subsidiary operation that sells mutual funds to the public.

B. None of the above would fall under the definition of "agent," as defined by the Uniform Securities Act (USA.)

C. Joe works as an administrative assistant for broker-dealer GetErDone, doing data entry, filing client forms that contain confidential information, and directing calls to registered representatives of the firm.

D. Freedom broker-dealers executes the purchase and sale of securities for its customers.

A. they must be registered with the SEC since railroads are involved in interstate commerce.

B. None of the above statements is true.

C. they must be registered with the SEC and in each state through which the railroad passes.

D. they must be registered in every state in which the bonds will be sold to investors.

A. Yes. It is a violation of a securities law to suggest that he has been approved by the state Administrator.

B. No. His registration with the Administrator of the state has been accepted, so he is entitled to call himself a "State-Approved Agent."

C. No. However, he may be violating company policy of the broker-dealer he works for by designing his own cards.

D. Yes. Agents are not permitted to include a picture of themselves on their business cards.

A. No. Ken is just a successful sales person who is working harder than the other agents in the firm.

B. Yes. Ken is engaging in churning, a prohibited practice and can have his license revoked or suspended.

C. It depends. If his clients have lost money, Ken may lose his license; but if a review indicates that his clients' accounts earn profits, then his license is safe.

D. Yes. Ken is guilty of the prohibited practice of "tailgating."

A. The victim(s) lost a combined total of at least $25,000 because of the act.

B. The Administrator decides to send the case to criminal court.

C. The act extended across state lines.

D. The perpetrator willfully committed the fraudulent act.

A. If the security to be issued is an equity interest in the firm, its offer price has to be at least $5 a

B. The issuer must have preferred stockholders as well as common stockholders.

C. The issuer must have a net worth of $4 million, or its net income before tax for at least two of the

D. The issuer must never have defaulted on any bond or long-term lease obligation.

A. at least three years

B. broker-dealer is required to keep his records for as long as he is registered in the state.

C. at least seven years

D. at least five years

A. I, II, and III

B. I, III, and IV

C. I, II, and IV

D. I, II, III, and IV

A. III or IV only

B. I, III or IV only

C. I or III only

D. I, II, III, or IV

A. a variable annuity contract offered by an insurance company with offices in the state

B. a stock that is listed on the OTC Bulletin Board

C. a put option on a stock that sells in the over-the-counter market

D. a stock that is listed on the American Stock Exchange

A. a stock listed as a NASDAQ National Market Issue.

B. a bond issued by another state's employees' credit union

C. a bond guaranteed by the Canadian government

D. a stock listed on the Tokyo Stock Exchange