최신 FINRA Certification Series_63 무료샘플문제:

1. Under the 2002 Uniform Securities Act, registration by coordination allows:

A) both state-registered and out-of-state investment bankers to participate in the underwriting and
registration of a new security issue.
B) federal covered securities to be registered simultaneously with the SEC and with the states in which
the securities will be offered for sale.
C) issuers of federal covered securities to submit only a notice filing with the Administrator of states in
which the securities will be offered for sale.
D) securities that do not fall within the category of federal covered securities to be registered
simultaneously with the SEC and with the states in which the securities will be offered for sale.

2. Which of the following trades is illegal?

A) the sale of a mutual fund if the purchaser hasn't received a prospectus
B) a market-not-held order
C) a short sale
D) a margin transaction

3. Elizabeth is the owner of Lizbeth Investment Advisers, a small, state-registered investment advisory firm.
She has decided that her firm needs a niche and has learned that a consulting group is coming to the area
and offering a 3-day seminar on asset allocation for senior citizens offered by Advantage for Retirement
Persons (ARP). The seminar will cost $1,000 per individual, but after attending the seminar, each
attendee will receive a certificate verifying their involvement in the program. Elizabeth decides this is the
niche she has been looking for and signs up herself and her three investment adviser representatives for
the program. After attending the seminar and receiving their certificates, Elizabeth and her team can

A) indicate that they are certified by the ARP program since money was paid for their attendance.
B) represent themselves as certified senior citizen investment advisers.
C) do none of the above.
D) have the words "Senior-Citizen Investment Specialists" printed on their business cards.

4. A-2-Z Associates is a full service brokerage and is also in the investment advisory industry, charging its
clients for investment advice for additional remuneration. Which of the following statements is true?

A) A-2-Z can charge the client both an advisory fee for its advice and a commission for the execution of a
trade based on that advice, but it must inform the client of its potential conflict of interest in doing so and
get the client's written consent.
B) A-2-Z can charge the client both an advisory fee for its advice and a commission on any trade the client
makes based on the advice. This is all laid out in the advertising brochures full service brokerage firms
like A-2-Z provide their prospective clients.
C) A-2-Z can charge an individual client an advisory fee for its advice or a commission when it executes a
trade that the client makes based on that advice, but not both.
D) A-2-Z can charge the client only an advisory fee when it is serving as an investment adviser; no
commissions may be collected.

5. Carrie is a registered agent employed by CanDo Broker-Dealers. Her uncle is a minister who regularly
refers his parishioners to Carrie, in return for which Carrie has agreed to donate a quarter of her
commissions from these transactions to the parish. Is Carrie doing anything illegal?

A) No. Carrie is just donating some of her commissions back to the church, and transactions with
B) It depends. If the church itself is a client of CanDo's, then it is considered to be affiliated with
C) Yes. Carrie is splitting her commissions with an entity that is not affiliated with her broker-dealer
D) It depends. As long as the church parishioners are aware of the arrangement between Carrie and

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