FINRA Series_63 問題集

質問 1：
A client calls CanDo Broker-Dealers with a market-not-held order to buy 5,000 shares of China Security
and Surveillance Technology, Inc. (CSR), which sells on the NYSE, "at a good price today." The stock had
opened at $5.13, traded as high as $5.36 during the day, and closed at $5.10. CanDo executed the
purchase at a price of $5.31, so at market close, the client had lost $1,050. The client can
A. do nothing about it.
B. sue CanDo for not getting him the best price of the day-or anything close to it.
C. refuse to pay CanDo commissions for the purchase.
D. refuse to pay for the stock on the settlement date.
正解：A
解説: (Topexam メンバーにのみ表示されます)

質問 2：
You are a registered agent with a large brokerage firm. Your client is a very busy woman. She is
interested in purchasing 500 shares of Google, but she thinks this morning's opening price is too high.
She's going to be in meetings and then on a transatlantic flight. She wants the purchase to take place
today because she believes Google's price is just going to keep rising with only the occasional daily ups
and downs. She wants you to use your discretion and try to get her the best price for the stock in today's
trading session. Which of the following statements are true?
A. You tell her you can enter it for her as a "market not held" order.
B. You tell her that you can do this for her, but only if you execute it as a margin transaction.
C. You tell her to have her secretary type up a discretionary authorization for her to sign and drop in the
mail before she boards the plane. As long as the written authorization is in the mail, you can place the
order.
D. You have to tell her that you can't do this without a signed discretionary authorization from her, and
there's none on file.
正解：A
解説: (Topexam メンバーにのみ表示されます)

質問 3：
Under the Uniform Securities Act, which of the following does not need to be included when filing to
register a security issue with the state?
A. a copy of any indenture applying to the security being registered
B. All of the above documents must be included when filing to register a security with the state.
C. a copy of the firm's articles of incorporation and bylaws, or the equivalent
D. copies of the underwriter agreements
正解：B
解説: (Topexam メンバーにのみ表示されます)

質問 4：
Barring no irregularities (such as a license revocation by another state last year), after you have filed for
registration as an agent, your license will be granted within
A. 10 business days.
B. 30 days.
C. 45 days.
D. 14 business days.
正解：B
解説: (Topexam メンバーにのみ表示されます)

質問 5：
Which of the following persons falls under the definition of "broker-dealer," as defined by the Uniform
Securities Act (USA)?
A. Juan is employed by TrustUs Corporation to sell shares of the firm's stock to the firm's employees and
receives a commission on the shares he sells.
B. Marge is a loan officer at Treadwater Bank and Trust.
C. MyTrades is a sole proprietorship owned by Nathan Newmoney, who has established the firm solely to
make trades on his own account, thereby avoiding the commissions he would have to pay a middleman.
D. Michaela is employed by GetErDone broker-dealers and sells both exempt and non-exempt securities
to GetErDone's clients.
正解：C
解説: (Topexam メンバーにのみ表示されます)

質問 6：
Jeremy Sly considered himself somewhat of an inventor. The only problem was that his day job interfered
with his opportunity to exercise his creativity. He came up with a plan to get outside investors to support
his inventive activities. To this end, he produced and distributed a brochure advertising partnership
interests with a guaranteed return on investment of at least 15% after the first 12 months, based on what
he had allegedly generated from his other (non-existent) inventions. Given these facts, is Jeremy guilty of
any security violations under the Uniform Securities Act (USA)?
A. No. An interest in a partnership is not considered a security.
B. No. The facts don't indicate whether any partnership interests were actually sold, and there can be no
violation unless there is a sale.
C. No. It is not against the law to believe in oneself and promote one's ideas.
D. Yes. Even an "offer" to sell securities must not contain any untruths.
正解：D
解説: (Topexam メンバーにのみ表示されます)

質問 7：
Assuming the security is not registered under the Uniform Securities Act, which of the following would not
be exempt from state registration?
A. a variable annuity contract offered by an insurance company with offices in the state
B. a stock that is listed on the American Stock Exchange
C. a stock that is listed on the OTC Bulletin Board
D. a put option on a stock that sells in the over-the-counter market
正解：C
解説: (Topexam メンバーにのみ表示されます)

質問 8：
Which of the following conditions is necessary for an act involving securities fraud to be considered
criminal and subject to criminal penalties?
A. The act extended across state lines.
B. The perpetrator willfully committed the fraudulent act.
C. The victim(s) lost a combined total of at least $25,000 because of the act.
D. The Administrator decides to send the case to criminal court.
正解：B
解説: (Topexam メンバーにのみ表示されます)

質問 9：
Don is a state-registered agent with GetErDone Broker-Dealers. He has three other friends who are
licensed agents-Huey, Dewey, and Louie. Huey is also an agent with GetErDone Broker-Dealers. Dewey
is an agent with a different firm in the same city, CanDo Broker-Dealers. Louie works for a Broker-Dealer
with an office just across the state line. Don can enter a commission-splitting agreement with
A. Dewey only.
B. Huey only.
C. Either Huey, Dewey, or Louie or any combination of the three
D. either Huey or Dewey or both
正解：B
解説: (Topexam メンバーにのみ表示されます)