TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
FINRA Series 63 Exam Study Guide with
Complete Solutions
selling away - ✔️✔️Correct-when a representative engages in private securities
transactions without the knowledge or consent of his employer.
commingling - ✔️✔️Correct-when a brokerage firm combines its securities with
customer's securities (e.g., to present collateral for a bank loan).
historical performance - ✔️✔️Correct-may be shown to investors as long as proper
disclosure is provided indicating that it DOES NOT predict future results.
legal person - ✔️✔️Correct-an entity that can engage in legal activities such as signing
contracts or opening accounts. These folks are not dead, minors, or people who have
been declared mentally incompetent.
promptly - ✔️✔️Correct-The time frame that agents as well as broker-dealers or issuers
notify the Administrator when agents begin or terminate employment.
December 31st, annually - ✔️✔️Correct-Registration for both agents and investment
adviser representatives expires:
administrator - ✔️✔️Correct-The official or agency administering the securities laws of a
state.
1/11
, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
advertisement - ✔️✔️Correct-Any material designed for use by newspapers, magazines,
radio, television, telephone recording or any other public medium to solicit business.
agent - ✔️✔️Correct-An individual who represents a broker/dealer or an issuer when
selling or trying to sell securities to the investing public. This individual is considered an
_____ whether he or she actually receives or simply solicits orders. Also known as
"registered representatives."
anti-fraud rules - ✔️✔️Correct-Although exempt securities and securities sold in exempt
transactions are exempt from the registration and advertising filing requirements of the
Uniform Securities Act, no security or person is exempt from the ________________.
associated person - ✔️✔️Correct-Any employee, manager, director, officer or partner of a
member broker/dealer or another entity (issuer, bank, etc.) or any person controlling,
controlled by or in common control with that member is considered an
_____________________ of that member.
blue-sky laws - ✔️✔️Correct-State regulations governing the securities industry.
broker/dealer - ✔️✔️Correct-any person engaged in the business of effecting transactions
in securities for the account of others or for his own account.
consent to service of process - ✔️✔️Correct-When applying for registration in a state,
agents, broker/dealers and investment advisers must agree to respond to all subpoenas
served on them in that state, even if they don't reside there. This is called
_____________________________.
2/11
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
FINRA Series 63 Exam Study Guide with
Complete Solutions
selling away - ✔️✔️Correct-when a representative engages in private securities
transactions without the knowledge or consent of his employer.
commingling - ✔️✔️Correct-when a brokerage firm combines its securities with
customer's securities (e.g., to present collateral for a bank loan).
historical performance - ✔️✔️Correct-may be shown to investors as long as proper
disclosure is provided indicating that it DOES NOT predict future results.
legal person - ✔️✔️Correct-an entity that can engage in legal activities such as signing
contracts or opening accounts. These folks are not dead, minors, or people who have
been declared mentally incompetent.
promptly - ✔️✔️Correct-The time frame that agents as well as broker-dealers or issuers
notify the Administrator when agents begin or terminate employment.
December 31st, annually - ✔️✔️Correct-Registration for both agents and investment
adviser representatives expires:
administrator - ✔️✔️Correct-The official or agency administering the securities laws of a
state.
1/11
, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
advertisement - ✔️✔️Correct-Any material designed for use by newspapers, magazines,
radio, television, telephone recording or any other public medium to solicit business.
agent - ✔️✔️Correct-An individual who represents a broker/dealer or an issuer when
selling or trying to sell securities to the investing public. This individual is considered an
_____ whether he or she actually receives or simply solicits orders. Also known as
"registered representatives."
anti-fraud rules - ✔️✔️Correct-Although exempt securities and securities sold in exempt
transactions are exempt from the registration and advertising filing requirements of the
Uniform Securities Act, no security or person is exempt from the ________________.
associated person - ✔️✔️Correct-Any employee, manager, director, officer or partner of a
member broker/dealer or another entity (issuer, bank, etc.) or any person controlling,
controlled by or in common control with that member is considered an
_____________________ of that member.
blue-sky laws - ✔️✔️Correct-State regulations governing the securities industry.
broker/dealer - ✔️✔️Correct-any person engaged in the business of effecting transactions
in securities for the account of others or for his own account.
consent to service of process - ✔️✔️Correct-When applying for registration in a state,
agents, broker/dealers and investment advisers must agree to respond to all subpoenas
served on them in that state, even if they don't reside there. This is called
_____________________________.
2/11
