Wiley FINRA Series 63 Exam Review 2017: The Uniform Securities Sate 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 2017 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 2017 is your ticket to passing the Series 63 test on the first try—with flying colors!

Table of Contents:
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 Chapter 2 Definitions of Terms 17 Security 17 Person 19 Broker Dealer 20 Pension Consultants 22 Investment Counsel 22 Form ADV 23 Investment Adviser Registration Database (IARD) 24 Investment Adviser Representative 25 Offer/Offer to Sell/Offer to Buy 27 Sale/Sell 28 Guarantee/Guaranteed 28 12B-1 Fees 28 Contumacy 29 Federally Covered Exemption 29 Power of Attorney 30 Escheatment 30 Pretest 31 Chapter 3 Registration of Broker Dealers, Investment Advisers, and Agents 37 Registration of Broker Dealers and Agents 37 Agent Registration 38 Registering Broker Dealers 39 Financial Requirements 40 Broker Dealers on the Premises of Other Financial Institutions 40 Hiring New Employees 41 Resignation of a Registered Representative 42 Registering Agents 43 Canadian Firms and Agents 45 Investment Adviser Registration 45 The National Securities Market Improvement Act of 1996/The Coordination Act 46 Investment Adviser Representative 47 Investment Adviser Registration 48 Capital Requirements 48 Exams 49 Advertising and Sales Literature 50 Brochure Delivery 51 Wrap Accounts 51 Pretest 53 Chapter 4 Securities Registration, Exempt Securities, and Exempt Transactions 57 Exempt Securities 57 Securities Registration 58 Registration of IPOs Through Coordination 58 Registration Through Notice Filing 59 Registration of Non-Established Issuers/Registration Through Qualification 59 Exempt Securities/Federally Covered Exemption 61 Exempt Transactions 62 Pretest 67 Chapter 5 Professional Conduct and Prohibited and Fraudulent Actions 73 Fraud 73 Professional Conduct 74 Suitability 74 Market Manipulation 76 Customer Complaints 77 The Role of the Investment Adviser 77 Additional Compensation for an Investment Adviser 78 Agency Cross Transactions 78 Disclosures by an Investment Adviser 78 Investment Adviser Contracts 80 Private Investment Companies/Hedge Funds 80 Fulcrum Fees 80 Soft Dollars 81 Borrowing and Lending Money 82 Free Services 83 Pretest 85 Chapter 6 The State Securities Administrator and the Uniform Securities Act 93 Actions by the State Securities Administrator 93 Cancellation of a Registration 94 Withdrawal of a Registration 95 Actions Against an Issuer of Securities 95 Rule Changes 95 Administrative Orders 95 Interpretive Opinions 97 Administrative Records 97 Investigations 98 Civil and Criminal Penalties 98 Jurisdiction of the State Securities Administrator 99 Administrator’s Jurisdiction over Securities Transactions 100 Radio Television and Newspaper Distribution 102 Right of Rescission 103 Statute of Limitations 103 Pretest 105 Answer Keys 111 Glossary of Exam Terms 119 Index 185