Online Access Free Series_63 Practice Test

"Federal covered securities" were defined and exempted from state registration requirements by the:

• A.National Securities Markets Improvement Act of 1996 (NSMI)
• B.National Conference of Commissioners on Uniform State Laws (NCCUSL.)
• C.Uniform Securities Act (USA.)
• D.Gramm-Leach-Bliley Act of 1999 (GLBA.)

Which of the following is a security as defined by the Uniform Securities Act (USA)?

• A.a debenture
• B.Both A and B are securities as defined by the Uniform Securities Act.
• C.a term life insurance policy
• D.a futures option contract on wheat

An individual who represents a broker-dealer in the buying and selling of securities is called a(n):

• A.underwriter
• B.issuer
• C.administrator
• D.agent

Which of the following documents must a broker-dealer deliver on or prior to the confirmation due date to
a client who is purchasing a security?

• A.a preliminary prospectus
• B.a hypothecation agreement
• C.a margin agreement if the purchase is being made on margin
• D.a final prospectus

Which of the following would not appear on an order ticket?

• A.the stock symbol
• B.the settlement date
• C.the account number of the client buying or selling the security
• D.the agent's commission