Here are 20 more free Series 63 exam questions. This online exam includes another set of challenging questions along with detailed explanations. Working through practice questions is the most effective way to prepare for the Series 63.
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Question 1 of 20
1. Question
An IAR may borrow money from all of the following with the exception of:
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Question 2 of 20
2. Question
The best way to handle a conflict-of-interest situation is:
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Question 3 of 20
3. Question
Under what circumstances may an agent split a commission with another agent?
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Question 4 of 20
4. Question
The USA grants to Administrators substantial powers to enforce and administer a state’s securities laws. However, those powers are not unlimited, and do not include which of the following?
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Question 5 of 20
5. Question
When a customer of a broker-dealer believes that securities were sold to him in violation of one or more laws and/or regulations, the broker-dealer may offer rescission as a remedy. Which of the below statements regarding rescission are true?
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Question 6 of 20
6. Question
When an agent engages in a practice of entering purchase orders and sell orders for the same stock throughout the trading day for the purpose of creating the impression of active trading volume, this practice is referred in the USA as:
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Question 7 of 20
7. Question
In order to avoid being defined as a broker-dealer in Wyoming,
I. the firm may not have its main office there.
II. the firm must have 5 or fewer clients there.
III. the firm may not have a place of business there.
IV. the firm’s only clients there must be institutions.CorrectIncorrect -
Question 8 of 20
8. Question
Under NASAA Guidelines governing the use of business websites, if a firm makes a change or multiple changes to its website on the same day:
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Question 9 of 20
9. Question
Qualification is a form of registration of:
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Question 10 of 20
10. Question
All of the below are exempted transactions under the USA except:
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Question 11 of 20
11. Question
Under the USA, exempted transactions as defined would include non-issuer transactions, by a registered agent of a registered broker-dealer:
I. not involving an issuer which is a blank-check company
II. in which the security is sold at a price reasonably related to the current market price of the security
III. not involving an issuer in the organizational stage
IV. which result from the use of written discretionary powerCorrectIncorrect -
Question 12 of 20
12. Question
Which of the following statements is untrue?
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Question 13 of 20
13. Question
Broker-dealers, agents of broker-dealers, Investment Advisers, and IARs, when publishing information about securities on the internet:
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Question 14 of 20
14. Question
According to the Uniform Securities Act as amended, commercial paper may be considered an exempt security under which of the following conditions:
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Question 15 of 20
15. Question
An IAR has recommended the stock of Amalgamated Consolidated Group (ACG), a diversified financial services holding company which your IA follows in its research department. Which of the below would represent a violation of your firm’s and your fiduciary obligations to your customer?
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Question 16 of 20
16. Question
Under the Uniform Securities Act, regarding record-keeping and net capital requirements, a broker-dealer with offices in several states:
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Question 17 of 20
17. Question
When an agent’s association with a broker-dealer is terminated and the agent joins a new firm shortly thereafter:
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Question 18 of 20
18. Question
Excluded from the definition of investment adviser under the USA is each of the below except:
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Question 19 of 20
19. Question
A state Administrator has a great many powers set forth in the USA. The power to revoke or deny a registration exemption is one of those powers. Which of the below exemptions does the Administrator lack the authority to exercise this power?
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Question 20 of 20
20. Question
Defensive industries characteristically include each of these except:
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