Real Series63 dumps Accurate Questions and Answers with Free and Fast Updates [Q42-Q61]

QUESTION 42
Desi Genuos is an agent with Broker-Dealer CanDo. A client has asked Desi to recommend a mutual fund
that does not have a sales charge. Desi recommends a fund that has no front-
end load although it does have a deferred sales load if the investor redeems his shares within the first
three years of ownership, but the client has informed Desi that he is looking at this as a long-term
investment. Based on these facts, Desi

QUESTION 43
BondsRUs is a broker-dealer that (unsurprisingly) specializes in bonds. The firm has found that it is able to sell Treasury bonds that it buys for $90 per $100 of par value for $99 per $100 of par value to some of its more naive clients, who never pay attention to the confirmation statements BondsRUs sends them. BondsRUs is guilty of

QUESTION 44
Bootstraps, Inc. is a family-owned business that has experienced enormous growth in the last couple of years.
The business needs more cash to support this growth and has decided to issue some promissory notes, each with a face value of $5,000, for sale to the general public. The firm plans to hire three individuals to help them sell these notes. These individuals will earn a commission based on the notes they sell.
Given these facts, which of the following is true?

QUESTION 45
Which of the following would not be found in a tombstone advertisement?

QUESTION 46
Trevor is currently a registered agent in the state of Connecticut where he has been employed by Connect
& Company, a broker-dealer that is registered in Connecticut and has subsidiary operations in
Massachusetts, New Jersey, and New York. Trevor has moved to Massachusetts and is now associated
with one of Connect’s subsidiaries, a broker-dealer registered in the state. Trevor has applied to the
Administrator of Massachusetts for registration as an agent. Can Trevor execute purchases and sales for
clients while his registration is still pending?

QUESTION 47
You execute a stock transaction for a client on Thursday, September 23rd. The settlement date on the
order ticket will be

QUESTION 48
An investment adviser suggests that his client, Arnold, a 74-year old gentleman, should consider a
reallocation of the assets in his portfolio. The adviser tells Arnold that he has far too much invested in
bonds, which don’t earn as much as stocks. He advises Arnold to take 80% of the money he has in bonds
and invest it in an aggressive growth mutual fund that has provided an average annual return of 40% over
the past three years. Arnold is impressed and follows this advice. Shortly thereafter, there is a steep drop
in the market in general, and the net asset value of the aggressive growth mutual fund falls 85%. Does
Arnold have any remedies available to him?

QUESTION 49
Which of the following is not considered to be a security, as defined by the Uniform Securities Act (USA)?

QUESTION 50
Maddie, a registered agent affiliated with broker-dealer QuikDeals, quit her job on the spur of the moment.
Under the guidelines of the Uniform Securities Act (USA), who is responsible for notifying the
Administrator?

QUESTION 51
A bond issue has recently been registered with the state Administrator.
Which of the following statements are true?

QUESTION 52
The C&S Railroad is in the process of issuing new bonds. Before these bonds can be offered for sale,

QUESTION 53
A “market not held” order is

QUESTION 54
Painting the tape refers to

QUESTION 55
Which of the following entities must sign a “consent to service of process,” thereby allowing the
Administrator to receive legal documents that are meant to be served to the entity in place of that entity?
I. agents
II. investment advisers
III. investment adviser representatives
IV. broker-dealers

QUESTION 56
Cal Turner calls his client and recommends that the client sell his shares in the Alpha High Quality Bond Fund and use the proceeds to buy shares in the Omega High Quality Bond Fund. Cal has done nothing unethical if his recommendation is based on the fact that

QUESTION 57
Which of the following trades is illegal?

QUESTION 58
Assuming there is not a stop order or a proceeding pending, under the registration by coordination
process a security’s registration with the state becomes effective:

QUESTION 59
Which of the following conditions is necessary for an act involving securities fraud to be considered criminal and subject to criminal penalties?

QUESTION 60
Which of the following would not fall under the classification of “institutional investor”?

QUESTION 61
Which of the following securities would be exempt from state registration requirements, according to the
Uniform Securities Act?
I. a municipal bond issued by the Canadian province of Nova Scotia
II. a bond issued by the county of Cork, Ireland
III. a bond issued by Nationwide Insurance Company