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SERIES 63 TEST QUESTIONS AND VERIFIED SOLUTIONS....

UPDATED SERIES 63 EXAM QUESTIONS WITH 100% CORRECT ANSWERS....

SERIES 63 PRACTICE QUESTIONS WITH VERIFIED ANSWERS....

SERIES 63 PRACTICE EXAM – QUESTIONS AND ANSWERS...

Series 63 Final Exam 5 Questions and Answer A+ Guide

Person - Correct Answer A "person" may issue securities or can trade securities. - Individuals (human beings) - Corporations (non-human persons!) - Partnerships (including general partners who can contractually bind the partnership) - Business Trusts - Estates - Trusts (where the interests of the beneficiaries of the Trust are evidenced by a security) - Associations - Joint Stock Companies or Joint Ventures - Governments and Political Subdivisions of Governments (for ...

State Blue Sky Laws - Correct Answer protects potential investors from buying risky or fraudulent securities in states National Securities Market Improvement Act(NSMIA) - Correct Answer Eliminate duplicate regulations between Federal and State level Federal law supersedes state law regarding - Correct Answer Net capital rules Custody rules Margin rules Financial responsibility rules Record keeping rules (All set by SEC or FRB) Person - Correct Answer Legal entities ...

Under the USA, when one is referring to a security that is guaranteed, the guarantee applies to - Correct Answer dividends to be paid on the specified stock interest and principal payment on the specified bond An agent is described in the Uniform Securities Act as an - Correct Answer individual, other than a broker-dealer or issuer, who represents a broker-dealer or issuer in effecting transactions in securities In which of the following cases would the Uniform Securities Act require ...

A broker-dealer has flexibility in terms of the capacity in which it can act in a securities transaction. When buying a security from a client, the trade confirmation would - Correct Answer disclose that the firm acted as a principal in the transaction A broker-dealer is a member of the underwriting syndicate for a new issue of common stock. From all indications, it appears that the offering will be oversubscribed. Under the NASAA Statement of Policy on Dishonest or Unethical Business Pract...

securities - Correct Answer stock options interests in limited partnerships commodity options exempt transactions under the provisions of the USA - Correct Answer transactions by fiduciaries certain law enforcement agents privately held company in state I wants to issue shares to public investors who are residents of state I, company... - Correct Answer must register by qualification not considered an agent under the USA - Correct Answer broker dealer who transacts business ...