FINRA-Investment Company and Variable Contracts Products Representative Qualification Examination Set 1

1.

The Uniform Securities Act (USA) is

a body of laws governing the purchase and sale of securities within a single state. a set of guidelines for individual states to follow when formulating their own securities' laws. a group of laws requiring state-issued securities, such as municipal bonds, to be registered with. federal legislation that requires all states to adopt the same registration requirements for all.

2.

Once you have passed the Series 63 examination, which entity must then approve your application to sell securities?

FINRA NASAA SEC the state administrator

3.

Which of the following securities would not necessarily be exempt from state registration?

a stock listed on the Tokyo Stock Exchange a bond guaranteed by the Canadian government a bond issued by another state's employees' credit union a stock listed as a NASDAQ National Market Issue.

4.

Moe is a registered investment adviser doing business under the name of MoeMoney Investment Advisers, LLC. Larry, Curly, and Mary all hold positions with the
firm. Larry is on the board of directors; Mary is a sales representative for the firm; and Curly is an administrative assistant, who performs clerical duties.
Given that Moe is already a registered investment adviser, which of the other three are automatically registered as investment adviser representatives?

Larry only Larry and Mary only Larry, Mary and Curly Mary and Curly only

5.

Jack is employed by NewCorp, which is engaging in an initial public offering (IPO). Jack will need to register as a sales representative if he:

engages in transactions with the underwriters of the IPO for the purpose of taking the firm public. represents NewCorp in any transactions with financial institutions. participates in the selling of the new stock to individual investors. Jack will need to register as a sales representative if he performs any one of the above activities.

FINRA-Investment Company and Variable Contracts Products Representative Qualification Examination Set 1

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FINRA-Investment Company and Variable Contracts Products Representative Qualification Examination Set 1

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COMPANY

Products

OTHERS

Partner