Series 63, Chapter 1 - Quiz Questions with
correct answers
T/F: If a commercial bank has a broker/dealer subsidiary, the entire bank
must register as a broker/dealer. Correct Answer-FALSE (Only the
broker/dealer subsidiary must register). (1-11)
Under the Uniform Securities Act, the term agent would include an
individual who represents an issuer in effecting non-exempt transactions
in. . .
A. a city of Montreal general obligation bond
B. common stock offered by a commercial bank
C. A New Jersey Turnpike revenue bond
D. Non-exempt securities Correct Answer-D (a non-exempt transaction
in a non-exempt security must, by definition, be registered) (1-17)
Under the Unifrom Securities Act, the term agent would include. . .
A. an individual representing an issuer of exempt securities
B. an individual representing a broker/dealer in a transaction in an
exempt security.
C. a receptionist for a broker/dealer who directs calls for trade
information to the appropriate individual
D. the VP of personnel for a national brokerage firm Correct Answer-B.
(a sales rep of a broker dealer pretty much ALWAYS must be
registered.) (1-17)
, Are the following people Agents or not?
1. a person effecting transactions in municipal securities on behalf of a
broker dealer.
2. a salaried secretary taking buy and sell orders from clients
3. bank employee selling bank-issued securities
4. an employee of a nonexempt issuer selling securities to employees for
a commission
5. a person representing an issuer in effecting transactions with
underwriters. Correct Answer-1. agent
2. agent
3. not an agent
4. agent
5. not and agent
(1-20)
Under the USA, the definition of an investment adviser would include:
A. a bank
B. a lawyer charging a fee to advise clients how to invest an injury
settlement
C. investment adviser representative
D. none of the above Correct Answer-B (1-30)
Are the following examples of IAs or not?
1. Publisher of a newspaper rendering general financial advice.
correct answers
T/F: If a commercial bank has a broker/dealer subsidiary, the entire bank
must register as a broker/dealer. Correct Answer-FALSE (Only the
broker/dealer subsidiary must register). (1-11)
Under the Uniform Securities Act, the term agent would include an
individual who represents an issuer in effecting non-exempt transactions
in. . .
A. a city of Montreal general obligation bond
B. common stock offered by a commercial bank
C. A New Jersey Turnpike revenue bond
D. Non-exempt securities Correct Answer-D (a non-exempt transaction
in a non-exempt security must, by definition, be registered) (1-17)
Under the Unifrom Securities Act, the term agent would include. . .
A. an individual representing an issuer of exempt securities
B. an individual representing a broker/dealer in a transaction in an
exempt security.
C. a receptionist for a broker/dealer who directs calls for trade
information to the appropriate individual
D. the VP of personnel for a national brokerage firm Correct Answer-B.
(a sales rep of a broker dealer pretty much ALWAYS must be
registered.) (1-17)
, Are the following people Agents or not?
1. a person effecting transactions in municipal securities on behalf of a
broker dealer.
2. a salaried secretary taking buy and sell orders from clients
3. bank employee selling bank-issued securities
4. an employee of a nonexempt issuer selling securities to employees for
a commission
5. a person representing an issuer in effecting transactions with
underwriters. Correct Answer-1. agent
2. agent
3. not an agent
4. agent
5. not and agent
(1-20)
Under the USA, the definition of an investment adviser would include:
A. a bank
B. a lawyer charging a fee to advise clients how to invest an injury
settlement
C. investment adviser representative
D. none of the above Correct Answer-B (1-30)
Are the following examples of IAs or not?
1. Publisher of a newspaper rendering general financial advice.
