FINRA Series-63 dumps

FINRA Series-63 Exam Dumps

Uniform Securities State Law Examination
591 Reviews

Exam Code Series-63
Exam Name Uniform Securities State Law Examination
Questions 251 Questions Answers With Explanation
Update Date February 22,2024
Price Was : $81 Today : $45 Was : $99 Today : $55 Was : $117 Today : $65

Genuine Exam Dumps For Series-63:

Prepare Yourself Expertly for Series-63 Exam:

Our most skilled and experienced professionals are providing updated and accurate study material in PDF form to our customers. The material accumulators make sure that our students successfully secure at least more than 90% marks in the FINRA Series-63 exam. Our team of professionals is always working very keenly to keep the material updated. Hence, they communicate to the students quickly if there is change in the Series-63 dumps file. You and your money both are very valuable for us so we never take it lightly and have made the attempt to provide you the best work in your hands. In fact, there is not a 1% chance to ruin it.

24/7 Friendly Approach:

You can access our agents anytime for your guidance 24/7. Our agent will provide you information you need, you can ask them any questions you have. We are here to provide you with a complete study material file you need to pass your Series-63 exam with remarkable marks.

Recognized Dumps for FINRA Series-63 Exam:

Our experts are working hard to provide our customers with accurate material for their FINRA Series-63 exam. If you want to meet a sweeping success in your exam you must sign up for the complete preparation at Pass4surexams and we will provide you with such genuine material that will help you succeed with distinction. Our provided material is as real as you are studying the real exam questions and answers. Our experts are working hard for our customers. So that they can easily pass their exam in their first attempt without any trouble.

Our team updates the FINRA Series-63 questions answers frequently and if there is a change, we instantly contact our customers and provide them updated study material for the exam preparation.

FINRA Series-63 Real Exam Questions:

We offer our students real exam questions with 100% passing guarantee, so that they can easily pass their FINRA Series-63 exam in the first attempt. Our Series-63 dumps PDF have been carved by the experienced experts exactly on the model of real exam question answers in which you are going to appear to get your certification.


FINRA Series-63 Sample Questions

Question # 1

Which of the following compensation arrangements between an investment adviser and an individual client with a net worth of $600,000 would be disallowed?

A. The client agrees to pay the investment adviser an hourly fee of $60.00. 
B. The investment adviser will receive 0.1% of the total value of the client’s assets under management as of the end of each month. 
C. The investment adviser will receive 0.1% of the gross capital gains earned on the portfolio each quarter. 
D. All of the above are legitimate compensation arrangements between and investment adviser and an individual client with a net worth of $600,000. 



Question # 2

AllTime Investment Advisers advertises that its phones are manned 24/7, so that a client “doesn’t have to lie awake all night worrying about a financial problem.” In fact, AllTime does have a answering service that answers calls in the evenings and on the weekends when its offices are closed. The service informs the caller of the firm’s business hours, which will be the earliest opportunity the caller will have to talk to an investment adviser representative. Is this a violation of any securities laws? 

A. No. It’s not a violation of any securities laws, but the firm probably won’t retain many clients this way.  
B. Yes. The Uniform Securities Act prohibits investment advisers from making deceptive statements in the solicitation of clients as well as in advising clients. 
C. No. The firm’s phones are manned 24/7, so it hasn’t lied.  
D. It depends. If, before a client signs a contract with the firm, it is made clear that investment adviser representatives are not, in fact, available to him 24/7, then AllTime is in the clear. 



Question # 3

The C&S Railroad is in the process of issuing new bonds. Before these bonds can be offered for sale, 

A. they must be registered with the SEC since railroads are involved in interstate commerce.  
B. they must be registered in every state in which the bonds will be sold to investors.  
C. they must be registered with the SEC and in each state through which the railroad passes.  
D. None of the above statements is true.  



Question # 4

“T + 3” refers to  

A. the form, also known as a “trade ticket,” that is filled out when an order is entered into the market.  
B. the form that is filled out and sent to the client confirming that the trade has been executed.  
C. the fact that the settlement date will be three business days after the trade date, which is the “regular way settlement” for transactions involving stocks and corporate and municipal bonds.
D. a procedure to minimize the potential for money laundering.  



Question # 5

Noah Scruples, an agent with CanDo Broker-Dealers, just got a copy of the most recent report on a certain stock. The report was generated by CanDo’s analyst department and is hot off the presses. It has not yet even been put on the firm’s website for the firm’s clients. The analyst department has just changed its recommendation on the stock from “Hold” to “Strong Buy” based on new information that it has obtained on the company. Can Noah rush to his office to buy shares of the stock before the analysts release their reports to CanDo’s clients?

A. Yes. The firm’s analysts used publicly available information to assess the stock and make its recommendation, so Noah can buy the stock now on his own account.
B. No. It is unethical for him to trade based on this information before the firm’s clients have received the information. 
C. No. This is a prohibited activity referred to as “painting the tape.”
D. Both B and C are true statements. 



Question # 6

Which of the following would a firm not be expected to provide to the Administrator when registering an issue of securities with the state?

A. all sales and advertising materials that will be used in conjunction with the offering.  
B. the agreement between the issuing firm and the underwriters  
C. the agreement among the underwriters themselves  
D. The firm will be expected to provide all of the above to the Administrator when registering an issue of securities with the state. 



Question # 7

Which of the following laws deals with identity theft protection?  

A. the Bank Secrecy Act (BSA)  
B. the USA Patriot Act  
C. ERISA  
D. Regulation S-P  



Question # 8

Mr. Noah Scruples is a registered representative with CanDo Broker-Dealers. A client calls and wants Noah to purchase shares of a mutual fund the client has read about. CanDo is not authorized by this particular fund to effect purchases or sales of the fund shares. Can Noah execute the order anyway?

A. No. This would be considered money laundering, which is highly illegal.
B. No. This is a prohibited practice known as selling away.
C. No. This is a prohibited practice known as front running.
D. Yes. Since this is an unsolicited trade, Noah can execute the transaction on behalf of his client.



Question # 9

Under the guidelines of the Bank Secrecy Act (BSA), the Treasury Department now requires broker-dealers to obtain and keep certain information relating to clients that make or receive funds transfers that involve 

A. $3,000 or more.  
B. $10,000 or more.  
C. $5,000 or more.  
D. $100,000 or more.  



Question # 10

As an agent, which of the following statements about the Securities Investor Protection Corporation (SIPC) can you legitimately make to your client?

A. The SIPC is the FDIC of the stock and bond markets.”  
B. “The SIPC was established to restore funds to investors when the brokerage firm they have been using is bankrupt or in financial distress.” 
C. “The SIPC is a government agency created by an Act of Congress to combat fraud.”  
D. “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.”



Question # 11

Today’s edition of the Wall Street Journal carried a front page story regarding a federal lawsuit that has been filed against a software manufacturer for monopolistic practices. The CFO of the company called his broker today and sold some of the shares he owns in the company. Which of the following statements are true?I. The CFO is guilty of illegal insider trading.II. If the agent who effected the transaction for the CFO knew he was CFO of the software company, the agent is guilty of illegal insider trading.III. The broker-dealer for whom the agent works may have its license suspended or revoked if its agent has knowingly executed this illegal insider trade for not having supervised the agent properly. 

A. I only
B. I and II only
C. I, II, and III
D. None of the statements is true.



Question # 12

Which of the following statements regarding an open-end investment company is not true?  

A. Its shares are bought and sold through the company.  
B. Its securities are federal covered.  
C. Its shares may sell for either net asset value or greater than net asset value, but not below  
D. Its shares are bought and sold on exchange floors.  



Question # 13

Registration by coordination is provided for by which of the following federal securities acts?  

A. Securities Act of 1933  
B. Securities and Exchange Act of 1934  
C. Investment Advisers Act of 1940  
D. Investment Company Act of 1940  



FINRA Series-63 Exam Reviews

Leave Your Review