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: Mar 26, 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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Which of the following trades is illegal?
Answer: D
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Which of the following trades is illegal?
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Question 2
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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?
Answer: B
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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?
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Question 3
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While on vacation in Colorado, Mr. Moneybags became interested in the stock of a company called SafeAway, which
designs and installs customized high-tech security systems in the multimillion dollar mansions located in Colorado’s
pricier ski resort areas, such as Vail and Aspen. Upon returning to his home in Boston, he calls his broker-dealer with an
order to purchase 10,000 shares of the stock, which he learned trades in the over-the-counter market. Fast Eddie, a
registered agent with his broker-dealer, discovers that SafeAway’s stock is registered only in the states of Colorado and
Wyoming. Neither Fast Eddie nor his broker-dealer are registered to do business in either of those states. Under these
circumstances,
Answer: D
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While on vacation in Colorado, Mr. Moneybags became interested in the stock of a company called SafeAway, which
designs and installs customized high-tech security systems in the multimillion dollar mansions located in Colorado’s
pricier ski resort areas, such as Vail and Aspen. Upon returning to his home in Boston, he calls his broker-dealer with an
order to purchase 10,000 shares of the stock, which he learned trades in the over-the-counter market. Fast Eddie, a
registered agent with his broker-dealer, discovers that SafeAway’s stock is registered only in the states of Colorado and
Wyoming. Neither Fast Eddie nor his broker-dealer are registered to do business in either of those states. Under these
circumstances,
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Question 4
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Which of the following trades is illegal?
Answer: D
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Which of the following trades is illegal?
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Question 5
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White and Associates is an investment adviser registered in the state of Kentucky and, as such, is meeting Kentucky’s
minimum net capital requirement for investment advisers. The firm recently registered with the state of Virginia and has opened an office there.
Virginia has a significantly higher net capital requirement for its investment advisers.
Which of the following statements is true?
Answer: B
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White and Associates is an investment adviser registered in the state of Kentucky and, as such, is meeting Kentucky’s
minimum net capital requirement for investment advisers. The firm recently registered with the state of Virginia and has opened an office there.
Virginia has a significantly higher net capital requirement for its investment advisers.
Which of the following statements is true?