Wiley Series 63 Securities Licensing Exam Review 2019 + Test Bank: The Uniform Securities Agent State Law Examination

The go-to guide to acing the Series 63 Exam!

Passing the Uniform Securities Agent State Law Examination (Series 63) qualifies an individual to act as a securities agent. The exam covers the principles of state securities regulation as reflected in the Uniform Securities Act and its amendments and related rules, as well as ethical practices and fiduciary obligations. Many states require an agent to pass the Series 63 exam in addition to the Series 6, 7 or 62 exams to conduct securities business within the state.

Created by the experts at The Securities Institute of America, Inc., Wiley Series 63 Exam Review 2019 arms you with everything you need to pass this challenging 60-question test. Designed to help you build and fine-tune your knowledge of all areas covered in the exam and to guarantee that you're prepared mentally and strategically to take the test, it provides:

• Dozens of examples
• Assorted practice questions for each subject area covered in the exam
• Priceless test-taking tips and strategies
• Helpful hints on how to study for the test, manage stress, and stay focused

Wiley Series 63 Exam Review 2019 is your ticket to passing the Series 63 test on the first try--with flying colors!

ABOUT THE SERIES 63 EXAM xi ABOUT THIS BOOK xv ABOUT THE TEST BANK xvii ABOUT THE SECURITIES INSTITUTE OF AMERICA xix CHAPTER 1 FEDERAL LAW REVIEW 1 The Securities Act of 1933 1 The Prospectus 2 The Final Prospectus 2 Misrepresentations 3 The Securities Exchange Act of 1934 3 Net Capital Requirement 7 Customer Coverage 7 Fidelity Bond 8 The Insider Trading and Securities Fraud Enforcement Act of 1988 8 Firewall 9 The Telephone Consumer Protection Act of 1991 9 National Securities Market Improvement Act of 1996 10 The Uniform Securities Act 11 The Uniform Prudent Investors Act of 1994 12 The Department of Labor Fiduciary Standard 13 The Patriot Act 13 Regulation S-P 14 Identity Theft 15 FINRA Rules on Financial Exploitation of Seniors 16 CHAPTER 2 DEFINITION OF TERMS 19 Security 19 Person 21 Broker Dealer 22 Pension Consultants 24 Investment Counsel 24 Form ADV 25 Investment Adviser Registration Database (IARD) 26 Investment Adviser Representative 27 Offer/Offer to Sell/Offer to Buy 29 Sale/Sell 30 Guarantee/Guaranteed 30 12B-1 Fees 30 Contumacy 31 Federally Covered Exemption 31 Power of Attorney 32 Escheatment 32 Pretest 33 CHAPTER 3 REGISTRATION OF BROKER DEALERS, INVESTMENT ADVISERS, AND AGENTS 39 Registration of Broker Dealers and Agents 39 Agent Registration 40 Registering Broker Dealers 41 Financial Requirements 42 Broker Dealers on the Premises of Other Financial Institutions 42 Hiring New Employees 43 Resignation of a Registered Representative 44 Registering Agents 45 Canadian Firms and Agents 47 Investment Adviser Registration 47 The National Securities Market Improvement Act of 1996/The Coordination Act 48 Investment Adviser Representative 49 Investment Adviser Registration 50 Capital Requirements 50 Exams 51 Advertising and Sales Literature 52 Brochure Delivery 53 Wrap Accounts 53 Pretest 55 CHAPTER 4 SECURITIES REGISTRATION, EXEMPT SECURITIES, AND EXEMPT TRANSACTIONS 59 Exempt Securities 59 Securities Registration 60 Registration of IPOs through Coordination 60 Registration through Notice Filing 61 Registration of Non-Established Issuers/Registration through Qualification 61 Exempt Securities/Federally Covered Exemption 63 Exempt Transactions 64 Rule 147 Intrastate Offering 67 Pretest 69 CHAPTER 5 PROFESSIONAL CONDUCT AND PROHIBITED AND FRAUDULENT ACTIONS 75 Fraud 75 Professional Conduct 76 Suitability 76 Market Manipulation 78 Customer Complaints 79 The Role of the Investment Adviser 79 Additional Compensation for an Investment Adviser 80 Agency Cross Transactions 80 Disclosures by an Investment Adviser 80 Investment Adviser Contracts 82 Private Investment Companies/Hedge Funds 82 Fulcrum Fees 82 Soft Dollars 83 Borrowing and Lending Money 84 Free Services 85 Pretest 87 CHAPTER 6 THE STATE SECURITIES ADMINISTRATOR AND THE UNIFORM SECURITIES ACT 95 Actions by the State Securities Administrator 95 Cancellation of a Registration 96 Withdrawal of a Registration 97 Actions against an Issuer of Securities 97 Rule Changes 97 Administrative Orders 97 Interpretive Opinions 99 Administrative Records 99 Investigations 100 Civil and Criminal Penalties 100 Jurisdiction of the State Securities Administrator 101 Administrator's Jurisdiction over Securities Transactions 102 Radio, Television, and Newspaper Distribution 104 Right of Rescission 105 Statute of Limitations 105 Pretest 107 ANSWER KEYS 113 GLOSSARY OF EXAM TERMS 121 INDEX 187