Free Access to FINRA.Series63.v2024-04-08.q121 with Valid Practice Test (Page 12)

Question 51

Which of the following would not appear on a trade confirmation?

A.the client's account number
B.the commission
C.the settlement date
D.All of the above items appear on a trade confirmation.

Question 52

Which of the following entities would be required to register with the state as a broker-dealer under the guidelines of the Uniform Securities Act (USA)?

A.an underwriter with no offices in the state that is helping a firm that is incorporated within the state with the sale of its new bond issue to insurance companies.
B.a credit union that operates within the state and provides loans to its members.
C.an agent who executes the purchase and sale of stocks and bonds for his clientsD.
D.None of the above entities would be required to register with the state as a broker-dealer under the guidelines of the Uniform Securities Act.

Question 53

Alter Advisers & Associates is a small investment adviser partnership registered only in a single state. One of the partners has died, and the surviving spouse has sold that partnership interest to the surviving partners.
Which of the following statements are true?
I. Alter Advisers must inform the state Administrator of this event.
II. Alter Advisers must inform the SEC of this event.
III. Alter Advisers must notify the firm's clients of this event.

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

Question 54

The Administrator of a state can deny an application if

A.the application is missing information.
B.the registrant has been enjoined from engaging in activities involving securities in another state.
C.the Administrator determines the applicant is not financially solvent.
D.any of the above is true.

Question 55

A broker-dealer cannot legally be

A.a partnership.
B.an individual.
C.a sole-proprietorship.
D.A broker-dealer can be any of the above.

Question 51

Question 52

Question 53

Question 54

Question 55

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