FINRA SERIES 63
Q: 1
The settlement date refers to
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Q: 2
Which of the following describes an “exempt security,” as defined by the Uniform Securities Act
(USA)?
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Q: 3
Moe is a registered investment adviser doing business under the name of MoeMoney Investment
Advisers, LLC. Larry, Curly, and Mary all hold positions with the firm. Larry is on the board of
directors; Mary is a sales representative for the firm; and Curly is an administrative assistant, who
performs clerical duties.
Given that Moe is already a registered investment adviser, which of the other three are automatically
registered as investment adviser representatives?
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Q: 4
An agent cannot tell a client that a mutual fund is “no load” if the fund has
I . a front-end load
II . a contingent deferred sales load
III . 12b-1 fees
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Q: 5
To say a security is “exempt,” means that
I . it is exempt from the state’s anti-fraud laws.
II . it is exempt from state registration requirements.
III . any transaction involving it is considered to be an exempt transaction.
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Q: 6
Stable Corporation registered a bond issue that it plans to offer for sale in the state with the
Administrator.
The bond has a par value of $1,000 and will pay interest of 7% a year, with the principal to be repaid
in 5 years. The registration became effective on September 8th. The registration is effective
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Q: 7
If an issuer registers securities with the state, how long can the documentation supplied in the
registration statement for those securities be incorporated by reference only into a registration
statement for future securities the issuer wants to offer for sale?
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Q: 8
Which of the following may an investment adviser not use in an attempt to solicit new clients?
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Q: 9
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
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Q: 10
The Uniform Securities Act (USA) is
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Question 1 of 10
