Experience the Quality With Free Series 63 License Exam Questions That Helps Candidates Pass

Administrators may issue cease-and-desist orders to halt violations. They cannot impose jail terms (B) or revoke federal registration (C). Damages (D) are pursued through civil courts. Correct: A.

Administrators can issue cease-and-desist orders but cannot impose criminal or federal penalties. Correct: A.

Advisers must always disclose conflicts of interest. Failure to disclose is a breach of fiduciary duty and a violation of anti-fraud provisions. Correct: B.

Balanced disclosures such as “past performance does not guarantee future results” are compliant. Guarantees of profits or Administrator approval claims are prohibited. Correct: B.

Performance advertising must be balanced and include risk disclosures. Guarantees are prohibited, but past returns may be used with proper context. Correct: B.