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: Feb 18, 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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According to the NASAA Model Rules, a broker-dealer is not permitted to allow a customer to engage in margin transactions unless
Answer: B
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According to the NASAA Model Rules, a broker-dealer is not permitted to allow a customer to engage in margin transactions unless
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Question 2
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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 3
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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 4
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MoeMoney Investment Advisers, LLC is registered in the state of Texas, and its three offices are all located in the
greater Dallas-Fort Worth area. Five of its clients-all individuals-have relocated to Colorado and all have indicated a
desire to retain the services of MoeMoney. In order for this to be possible,
Answer: D
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MoeMoney Investment Advisers, LLC is registered in the state of Texas, and its three offices are all located in the
greater Dallas-Fort Worth area. Five of its clients-all individuals-have relocated to Colorado and all have indicated a
desire to retain the services of MoeMoney. In order for this to be possible,
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Question 5
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Mina is a new agent with SecureMoney Broker-Dealers and is struggling to make ends meet. She gets a job as a
receptionist at a fitness club on the weekends to generate more income.
Which of the following is true?
Answer: A
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Mina is a new agent with SecureMoney Broker-Dealers and is struggling to make ends meet. She gets a job as a
receptionist at a fitness club on the weekends to generate more income.
Which of the following is true?