ORION SERIES 65 EXAM SCRIPT 2026
DETAILED QUESTIONS GRADED A+
⩥ While a student at college 9 years ago, Joe was convicted of
possession of marijuana (a misdemeanor in that state) and received a
suspended sentence. Joe now resides in a different state where the
same offense is a felony. If Joe disclosed the matter on his application
to ABC Securities, Joe's registration may:
A) be denied based on this conviction because the crime is a felony in
the state where he seeks registration.
B) be denied based on this conviction because it was less than 10
years ago.
C) not be denied based on this conviction because it was a
misdemeanor in the state where he went to college.
D) not be denied based on this conviction because it was 9 years ago..
Answer: Not be denied based on this conviction because it was a
misdemeanor in the state where he went to college.
⩥ If an investor bought stock on one exchange and sold it at a higher
price on another exchange, this practice constitutes a(n):
, A) offense punishable by three years in the county jail.
B) violation under both the Uniform Securities Act and federal law.
C) violation of the Uniform Securities Act.
D) perfectly acceptable market arbitrage.. Answer: D) perfectly
acceptable market arbitrage.
⩥ Which of the following statements regarding civil liabilities under
the Uniform Securities Act are TRUE?
I. In a fraudulent securities transaction, the customer is entitled to
recover the amount of the transaction with interest at a rate set by the
Administrator, less any income earned on the security plus attorney's
fees.
II. Causes of action under the USA survive the death of either plaintiff
or defendant.
III. No suit may be initiated more than three years after the transaction
or two years after the discovery of the violation, whichever occurs
first.
DETAILED QUESTIONS GRADED A+
⩥ While a student at college 9 years ago, Joe was convicted of
possession of marijuana (a misdemeanor in that state) and received a
suspended sentence. Joe now resides in a different state where the
same offense is a felony. If Joe disclosed the matter on his application
to ABC Securities, Joe's registration may:
A) be denied based on this conviction because the crime is a felony in
the state where he seeks registration.
B) be denied based on this conviction because it was less than 10
years ago.
C) not be denied based on this conviction because it was a
misdemeanor in the state where he went to college.
D) not be denied based on this conviction because it was 9 years ago..
Answer: Not be denied based on this conviction because it was a
misdemeanor in the state where he went to college.
⩥ If an investor bought stock on one exchange and sold it at a higher
price on another exchange, this practice constitutes a(n):
, A) offense punishable by three years in the county jail.
B) violation under both the Uniform Securities Act and federal law.
C) violation of the Uniform Securities Act.
D) perfectly acceptable market arbitrage.. Answer: D) perfectly
acceptable market arbitrage.
⩥ Which of the following statements regarding civil liabilities under
the Uniform Securities Act are TRUE?
I. In a fraudulent securities transaction, the customer is entitled to
recover the amount of the transaction with interest at a rate set by the
Administrator, less any income earned on the security plus attorney's
fees.
II. Causes of action under the USA survive the death of either plaintiff
or defendant.
III. No suit may be initiated more than three years after the transaction
or two years after the discovery of the violation, whichever occurs
first.
