Free FINRA Series-63 Exam Questions
Absolute Free Series-63 Exam Practice for Comprehensive Preparation
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FINRA Series-63 Exam Questions
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Provided By: FINRA
- Exam: Uniform Securities Agent State Law
- Certification: North American Securities Administrators Association (NASAA)
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Total Questions: 254
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Updated On: May 17, 2025
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Rated: 4.9 |
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Online Users: 508
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Question 1
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Vious and Associates is a small broker-dealer trying to generate more business. To this end, the firm had a
professional four-color brochure printed that provides the years of
industry experience of its management along with other information. The firm’s founder, Ms. D. Vious, is listed as
having over 30 years of experience in the industry. Ms. D. Vious has worked for broker-dealers for over 30 years, but for
20 of those 30 years, she was a secretary.
Has D. Vious violated any securities laws?
Answer: C
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Vious and Associates is a small broker-dealer trying to generate more business. To this end, the firm had a
professional four-color brochure printed that provides the years of
industry experience of its management along with other information. The firm’s founder, Ms. D. Vious, is listed as
having over 30 years of experience in the industry. Ms. D. Vious has worked for broker-dealers for over 30 years, but for
20 of those 30 years, she was a secretary.
Has D. Vious violated any securities laws?
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Question 2
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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
Answer: C
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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
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Question 3
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Vious and Associates is a small broker-dealer trying to generate more business. To this end, the firm had a
professional four-color brochure printed that provides the years of
industry experience of its management along with other information. The firm’s founder, Ms. D. Vious, is listed as
having over 30 years of experience in the industry. Ms. D. Vious has worked for broker-dealers for over 30 years, but for
20 of those 30 years, she was a secretary.
Has D. Vious violated any securities laws?
Answer: C
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Vious and Associates is a small broker-dealer trying to generate more business. To this end, the firm had a
professional four-color brochure printed that provides the years of
industry experience of its management along with other information. The firm’s founder, Ms. D. Vious, is listed as
having over 30 years of experience in the industry. Ms. D. Vious has worked for broker-dealers for over 30 years, but for
20 of those 30 years, she was a secretary.
Has D. Vious violated any securities laws?
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Question 4
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Investment Adviser Foo Lish, LLC has begun serving as a custodian of its clients’ assets. Foo Lish, LLC must now I. file a new U-5 form with the Administrator. II. meet higher net capital requirements than before. III. file an updated Form ADV with the Administrator. IV. pay a CPA to do an annual unannounced audit of the firm.
Answer: B
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Investment Adviser Foo Lish, LLC has begun serving as a custodian of its clients’ assets. Foo Lish, LLC must now I. file a new U-5 form with the Administrator. II. meet higher net capital requirements than before. III. file an updated Form ADV with the Administrator. IV. pay a CPA to do an annual unannounced audit of the firm.
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Question 5
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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.
Answer: C
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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.