Series_63 試験問題を無料オンラインアクセス

Julia Hasty has recently applied with the Administrator to be a registered investment adviser in the state.
Eager to open her new business, she has business cards printed that indicate that she is a
"state-registered" investment adviser and visits some local businesses, asking them for permission to put
some of her cards in their waiting rooms. Has Julia violated any of the provisions of the Uniform Securities
Act by distributing her business cards?

• A.No. The provisions of the Uniform Securities Act relate to securities, not people.
• B.No. As long as her application has been submitted and is pending acceptance, Julia has not violated
  any provisions of the Uniform Securities Act.
• C.No. Julia has merely put her business cards in waiting rooms. She has not opened her business to
  clients yet.
• D.Yes. Julia is not permitted to advertise as a "state-registered" investment adviser until she receives
  notification of the acceptance of her application by the state Administrator.

Ken Con is an agent with Blue Sky Broker-Dealers. He gets up early each morning so that he can study
any late-breaking news that may affect the markets and figure out ways to incorporate this news into
conversations with select clients in order to pressure them to restructure their portfolios by selling
holdings they have in one particular industry to invest the money in another particular industry. Ken has
been very successful with this strategy and executes more trades for his clients than any other agent with
the firm, but is he in danger of losing his license?

• A.No. Ken is just a successful sales person who is working harder than the other agents in the firm.
• B.Yes. Ken is engaging in churning, a prohibited practice and can have his license revoked or
  suspended.
• C.It depends. If his clients have lost money, Ken may lose his license; but if a review indicates that his
  clients' accounts earn profits, then his license is safe.
• D.Yes. Ken is guilty of the prohibited practice of "tailgating."

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.

• A.I, II, and III
• B.I and II only
• C.II only
• D.II and III only

Finn Nance has recently passed his CFP exam and is now a certified financial planner. He has new
business cards printed that have the words "Certified Financial Planner" printed under his picture. In doing
so,

• A.Finn has violated a securities law. The Uniform Securities Act prohibits anyone from using the word
  "certified" on any advertisement for services.
• B.Finn is not in violation of any laws as long as he has notified the state Administrator of his new
  designation and his new logo.
• C.Finn has not violated any laws or engaged in any prohibited practices.
• D.Finn has possibly violated a state securities regulation. The Administrator in many states prohibits the
  use of the word "certified" on any advertisement for services.

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

• A.for one full year.
• B.for two full years.
• C.until December 31st of the same year
• D.until the maturity date on the bond.