Vendor: FINRA
Exam Code: FINRA-SERIES-63
Exam Name: FINRA Uniform Securities Agent State Law
Certification: FINRA Certifications
Total Questions: 251 Q&A
Updated on:
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Which of the following entities is subject to be accused of churning?
I. investment advisers
II. investment adviser representatives
III. broker-dealers
IV.
agents
A.
II and IV only
B.
I and III only
C.
II, III, and IV only
D.
I, II, III, and IV
Which of the following would not appear on an order ticket?
A. the stock symbol
B. the account number of the client buying or selling the security
C. the settlement date
D. the agent's commission
Which of the following scenarios would not be considered a "sale," as defined by the Uniform Securities Act (USA)?
I. Yoshito owned shares of Minnow Corporation and received shares of Whale Corporation from Whale when it merged with Minnow.
II. Olivia's uncle, an agent with SecureMoney Brokers, sold Olivia ten call options on the stock of Microsoft.
III. Hans purchased a bond of Indebted Corporation that had detachable warrants and subsequently sold the warrants.
IV.
Tom pledged some shares of stock he owned personally to secure a business loan for his company.
A.
Neither I nor II would be considered sales.
B.
Neither II nor III would be considered sales.
C.
Neither I nor IV would be considered sales.
D.
Neither III nor IV would be considered sales.
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