Free FINRA Series-63 Exam Questions

Become FINRA Certified with updated Series-63 exam questions and correct answers

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Total 254 Questions | Updated On: Feb 19, 2025

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Question 1

Big Bo is an investment adviser representative who has a lot of the members of a well-known professional football team as clients. In advertising his services, Big Bo can one has invested with him.

A : list the names of the players he’s advising as long as he lists the names of all his other clients, too.

B : list the names of the players he’s advising as long as he doesn’t provide any other specifics, such as the amount each one has invested with him.

C : list the names of the players he’s advising as long as he has their written permission to do so.

D : use testimonials from any of the players who willingly provide them without compensation.

Answer: C

Question 2

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.

Answer: B

Question 3

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

Answer: A

Question 4

Big Bo is an investment adviser representative who has a lot of the members of a well-known professional football team as clients. In advertising his services, Big Bo can one has invested with him.

A : list the names of the players he’s advising as long as he lists the names of all his other clients, too.

B : list the names of the players he’s advising as long as he doesn’t provide any other specifics, such as the amount each one has invested with him.

C : list the names of the players he’s advising as long as he has their written permission to do so.

D : use testimonials from any of the players who willingly provide them without compensation.

Answer: C

Question 5

Under the NASAA Model Rules, which of the following must an investment adviser provide its clients with at least once a year?

A : the total number of agency cross transactions completed for the client during the period

B : the total amount of commissions or other compensation that the investment adviser received or expects to receive in connection with agency cross transactions performed for the client during the period

C : the number of any complaints that each of its investment adviser representatives has received during the period

D : both A and B

Answer: D

Page: 1 / 51

Total 254 Questions | Updated On: Feb 19, 2025

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