Free Series-63 Exam Questions - Finra Series-63 Exam

Registration by coordination is provided for by which of the following federal securities acts?

In accordance with the National Securities Markets Improvement Act of 1996, which of the following is a federal covered adviser and, therefore, exempt from registering with the state Administrator?

I . An adviser who does business in 26 states.

II . An adviser who manages the portfolio of a mutual fund that is registered with the SEC.

III . An adviser with $35 million in assets under management

Layered Corporation wants to issue a bond that will have warrants attached. Each warrant gives the holder the right to buy 5 shares of Layered's common stock at a price stipulated on the warrant.

In this instance, Layered must file to register which of the following securities with the state?

I . the bonds

II . the warrants

III . the common stock

To say a security is ''exempt,'' means that

I . it is exempt from the state's anti-fraud laws.

II . it is exempt from state registration requirements.

III . any transaction involving it is considered to be an exempt transaction.

The Administrator may not introduce a stop order to deny, revoke, or suspend the effective registration of a security based on facts that were disclosed during the registration process unless he does so within