Pass the FINRA Uniform Securities State Law Series-63 Questions and answers with CertsForce

advise her that you don’t believe this is in her best interest, but execute the required transactions if she insists.

call the mutual fund and tell them that they must convince this client that an investment in their fund is not in her best interest, under penalty of law.

nod politely, but not execute the transactions since they are not in her best interest.

turn the matter over to your supervisor.

is in violation of NASAA rules regarding investment company shares.

is not in violation of any rules since the fund has no front-end load and the deferred sales load will not apply to this client, given his indication that this is meant to be a long-term investment.

will not be in violation of any NASAA rules as long as he has his client sign a “letter of intent.”

is not in violation of any rules because he is an agent of a broker-dealer and is not affiliated with the fund he has recommended in any manner.

Nancy can sell the stock without a problem as executrix of her aunt’s estate.

Nancy will need to contact a securities law firm in Florida to help her register the stock in the state of Florida.

Nancy will need to contact a broker-dealer licensed in the state of New Jersey to help her with the sale of this stock.

Nancy will have to establish a mailing address in New Jersey before she can legally sell this stock.

the form, also known as a “trade ticket,” that is filled out when an order is entered into the market.

the form that is filled out and sent to the client confirming that the trade has been executed.

the fact that the settlement date will be three business days after the trade date, which is the “regular way settlement” for transactions involving stocks and corporate and municipal bonds.

a procedure to minimize the potential for money laundering.

An investment adviser is mistakenly sent a client’s securities, but returns them to the sender within three business days of receipt.

An investment adviser has general power of attorney for a client and is authorized to withdraw client funds or securities that are on deposit with a registered broker-dealer upon the investment adviser’s request.

An investment adviser receives a check from a client that is written to a mutual fund and forwards the check to the mutual fund within three business days of receipt.

An investment adviser keeps a client’s securities in its safety deposit box.

the compensation agreement, which cannot be a percentage of the capital gains or capital appreciation earned on the portfolio for all but the wealthiest of individual clients.

a statement stipulating that the contract cannot be assigned to another party without the client’s consent

if the investment adviser is a partnership, a statement indicating that the client will be notified

if there is any change in the partners within a reasonable time perioda statement of the investment policy that has been agreed upon between the adviser and the client

a fund with no front-end or back-end load that has 12b-1 fees equal to 0.30% of the average net assets of the fund.

a fund with no front-end load that has 12b-1 fees equal to 0.10% of the average net assets of the fund and a rear-end load that varies depending on how long the investor has held the shares.

a fund with no front-end or back-end load that has 12b-1 fees equal to 0.25% of the average net assets of the fund.

Both A and C can be advertised as “no load” funds.

engages in transactions with the underwriters of the IPO for the purpose of taking the firm public.

represents NewCorp in any transactions with financial institutions.

participates in the selling of the new stock to individual investors.

Jack will need to register as a sales representative if he performs any one of the above activities.

the date the order to purchase or sell the security is sent to the market.

the date the buyer must pay for the securities purchased.

the date the order to purchase or sell a security is actually executed. This may differ from the date that the order is sent to the market in the cases of limit or stop orders.

the latest date on which broker-dealers can file their quarterly financial statements with the Administrator of the state.

can continue business as usual pending the resolution of the appeal.

must notify the Administrator of the state that it has appealed the decision.

is considered to have a revoked license until the courts rule otherwise.

Both B and C are true statements.