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ORION Series 65 TEST 2 QUESTIONS
Questions and Correct Answers/ Latest
Update / Already Graded
Under the Uniform Securities Act, all of the following persons may
provide investment advice incidental to their normal business without
requiring registration as an investment adviser EXCEPT a(n):
Ans: economist.
Wrap fee accounts would tend to be most suitable for investors who
follow a:
Ans: tactical approach to investing.
Kapco Investment Advisers currently has $138 million in assets under
management and has offices in Colorado and Utah. Kapco's only
clients in Utah are 2 insurance companies domiciled in that state.
Kapco has no office in New Mexico but does service the accounts of 3
middle-class individuals. Kapco recently has opened an advisory
account for a pension plan for a corporation located in Montana. Under
the Uniform Securities Act, Kapco would have to register with:
Ans: the SEC.
All rights reserved © 2025/ 2026 |
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An investment adviser is preparing an advertisement. Which of the
following would be acceptable?
Ans: Offering to provide his investment recommendations for
the past 12 months. Promoting his system of charts and
formulas while mentioning their limitations and difficulties.
An investment adviser with custody of customer funds and securities
must send the customer a statement of account activity no less
frequently than:
Ans: quarterly.
When using the Dividend Discount Model,
Ans: future expected dividends are discounted to comp ute the
present value of the stock
A corporation with a 7% $100 par cumulative preferred paid $5 to
preferred stockholders last year. Before the company can pay common
dividends, how much must it pay each preferred share outstanding?
Ans: $9.00
Investing in emerging market stocks primarily exposes your client to
which of the following risks?
All rights reserved © 2025/ 2026 |
ORION Series 65 TEST 2 QUESTIONS
Questions and Correct Answers/ Latest
Update / Already Graded
Under the Uniform Securities Act, all of the following persons may
provide investment advice incidental to their normal business without
requiring registration as an investment adviser EXCEPT a(n):
Ans: economist.
Wrap fee accounts would tend to be most suitable for investors who
follow a:
Ans: tactical approach to investing.
Kapco Investment Advisers currently has $138 million in assets under
management and has offices in Colorado and Utah. Kapco's only
clients in Utah are 2 insurance companies domiciled in that state.
Kapco has no office in New Mexico but does service the accounts of 3
middle-class individuals. Kapco recently has opened an advisory
account for a pension plan for a corporation located in Montana. Under
the Uniform Securities Act, Kapco would have to register with:
Ans: the SEC.
All rights reserved © 2025/ 2026 |
, Page |2
An investment adviser is preparing an advertisement. Which of the
following would be acceptable?
Ans: Offering to provide his investment recommendations for
the past 12 months. Promoting his system of charts and
formulas while mentioning their limitations and difficulties.
An investment adviser with custody of customer funds and securities
must send the customer a statement of account activity no less
frequently than:
Ans: quarterly.
When using the Dividend Discount Model,
Ans: future expected dividends are discounted to comp ute the
present value of the stock
A corporation with a 7% $100 par cumulative preferred paid $5 to
preferred stockholders last year. Before the company can pay common
dividends, how much must it pay each preferred share outstanding?
Ans: $9.00
Investing in emerging market stocks primarily exposes your client to
which of the following risks?
All rights reserved © 2025/ 2026 |
