HESI A2: Anatomy & Physiology (Quiz 2) Welcome to your Series 63 Practice Quizzes. Note: We designed four (4) parts of practice quizzes for each Domain. Each part has 25 questions. Domain 6 (part 4): Remedies and Administrative Provisions​​​​​​​. (25 questions) Please click NEXT to start your Free Series 63 Practice Quizzes right away. Best of Luck! 1. Series 63, Remedies and Administrative Provisions,Series 63 If an agent's registration is revoked for a violation of the act, the Administrator may deny a future application submitted by the agent for registration as I. an agent. II. a broker-dealer. III. an investment adviser. A) II only B) I, II, and III C) I and II D) I only None 2. Series 63, Remedies and Administrative Provisions,Series 63 Among the powers granted to the Administrator under the Uniform Securities Act is the power to A) subpoena witnesses or documents. B) take criminal action against an agent who has committed fraud. C) deny the registration of an agent solely because of lack of experience. D) appoint a SIPC trustee. None 3. Series 63, Remedies and Administrative Provisions,Series 63 The Administrator of a state's securities department strongly believes that the registration statement for a security contains a substantial amount of misleading information and that investing in the security is likely to cause immediate and egregious harm to its investors. Under these circumstances, the Administrator may A) issue a stop order to deny or revoke the registration statement, but must provide the applicant with the opportunity for a hearing. B) revoke the registration statement, denying the applicant a hearing for an unlimited amount of time. C) not revoke or deny the registration statement until a hearing takes place. D) revoke or deny the registration statement and must schedule a hearing within 30 days of issuing the summary process order. None 4. Series 63, Remedies and Administrative Provisions,Series 63 If, in the opinion of the Administrator, an agent is about to engage in a prohibited activity, the Administrator may A) arrest the agent. B) issue an injunction. C) issue a cease and desist order. D) suspend the agent’s registration pending the outcome of a hearing. None 5. Series 63, Remedies and Administrative Provisions,Series 63 Under the Uniform Securities Act, the Administrator may do all of the following except A) revoke a previously allowed exemption. B) issue a stop order to revoke the effectiveness of a registration statement. C) issue an injunction to force compliance with an Administrator's rule. D) issue a cease and desist order without a prior hearing. None 6. Series 63, Remedies and Administrative Provisions,Series 63 Under the Uniform Securities Act, as a result of a hearing, the disciplinary actions that may be taken by the Administrator include which of the following? I. Permanent revocation of a registration II. Bar from employment with any registrant III. Restriction on a registrant's performance of any activity in the advisory or brokerage business A) I, II, and III B) I and III C) II and III D) I and II None 7. Series 63, Remedies and Administrative Provisions,Series 63 An agent's license can be revoked if he is any of these except A) convicted of a securities-related misdemeanor. B) declared insolvent. C) convicted of a non-securities-related felony. D) under 21 years of age. None 8. Series 63, Remedies and Administrative Provisions,Series 63 Under the Uniform Securities Act, which of the following concerning the withdrawal of an agent's registration is not true? A) Absent any disciplinary proceedings, withdrawal is effective 30 days after application. B) Absent any disciplinary proceedings, withdrawal is effective 60 days after application. C) Disciplinary proceedings may be taken against an agent after the agent’s withdrawal is effective. D) At the Administrator’s discretion, disciplinary proceedings may delay effectiveness of a withdrawal application indefinitely. None 9. Series 63, Remedies and Administrative Provisions,Series 63 Under the Uniform Securities Act, the Administrator has the power to do all of the following except A) administer oaths. B) indict offenders. C) take evidence. D) subpoena witnesses. None 10. Series 63, Remedies and Administrative Provisions,Series 63 An Administrator may initiate a suspension or revocation proceeding against a broker-dealer registered in his state A) based upon facts known to the Administrator at the time of the broker-dealer’s initial registration. B) upon discovery that an agent of the broker-dealer was convicted of a felony violation involving securities fraud. C) upon discovery that the broker-dealer’s registration had been suspended in another state. D) up to two years after the broker-dealer voluntarily withdrew its registration. None 11. Series 63, Remedies and Administrative Provisions,Series 63 If it is in the public interest, under the Uniform Securities Act, an agent's registration may be suspended by the Administrator for all of the following reasons except A) the agent is enjoined by a court of law from engaging in the securities business. B) the agent is accused of violations of the antifraud provisions of the Uniform Securities Act. C) the agent is convicted of willful violations of the Uniform Securities Act. D) it has been determination that the agent is not properly supervising her subordinates. None 12. Series 63, Remedies and Administrative Provisions,Series 63 In order for the Administrator to suspend an agent's registration, compliance with the requirements of the Uniform Securities Act would not require that A) notice be given of the proposed action and hearing. B) the agent receive court-appointed defense counsel if she can’t afford her own. C) the agent be presented with an opportunity for a hearing. D) notification be given to the employing broker-dealer of the final order. None 13. Series 63, Remedies and Administrative Provisions,Series 63 A state-registered investment adviser is the subject of an injunction requested by the Administrator. As a result, A) a hearing must be granted within 15 days after receipt of a written request from the investment adviser. B) the registration of the investment adviser's investment adviser representatives will be suspended. C) the registration of the investment adviser will be suspended. D) upon the request of the Administrator, a receiver or conservator may be appointed over the investment adviser's assets. None 14. Series 63, Remedies and Administrative Provisions,Series 63 The Uniform Securities Act invests the office of the Administrator with a number of powers. However, the act does not permit the Administrator to A) issue a cease and desist order without prior notice. B) issue an injunction when there is evidence of wrongdoing. C) insist that specific forms be used to register securities. D) inspect offices of registered broker-dealers during normal business hours without prior notice. None 15. Series 63, Remedies and Administrative Provisions,Series 63 The Uniform Securities Act invests the Administrator with many powers over the activities of agents and broker-dealers. Which of the following actions does not fall within the Administrator's powers? A) Suspending an agent’s registration without an opportunity for a hearing B) Issuing subpoenas to persons residing outside the Administrator’s state C) Issuing cease and desist orders without a hearing D) Conducting investigations of broker-dealers domiciled outside the Administrator’s state None 16. Series 63, Remedies and Administrative Provisions,Series 63 Which of the following statements relating to termination of registration of a securities professional registered under the Uniform Securities Act is true? A) An Administrator may revoke the registration of a securities professional who is declared mentally incompetent. B) Once the withdrawal is effective, the Administrator retains the right to commence an action for a period of one year. C) An Administrator may deny a registration of a securities professional based solely on a lack of experience. D) A registration, once in effect, may be withdrawn only under duress. None 17. Series 63, Remedies and Administrative Provisions,Series 63 Under the Uniform Securities Act, the state Administrator may, by order, deny, suspend, or revoke an investment adviser's registration for A) conviction of a nonsecurities-related felony more than 15 years ago. B) conviction of a securities-related misdemeanor more than 15 years ago. C) lack of experience as an investment adviser. D) violation of another state's securities laws within the last 5 years. None 18. Series 63, Remedies and Administrative Provisions,Series 63 Under the Uniform Securities Act, violations of the act may result in all of the following except A) a court order requiring the violator to make restitution to others. B) an arrest being made by the Administrator. C) a receiver being appointed over the violator’s assets. D) a bar from employment in the securities business. None 19. Series 63, Remedies and Administrative Provisions,Series 63 There are several ways that a securities professional's registration can be terminated. Nonpunitive termination of a securities professional's registration could be done through I. cancellation. II. suspension. III. revocation. IV. withdrawal. A) I and IV B) II and III C) II and IV D) I and III None 20. Series 63, Remedies and Administrative Provisions,Series 63 In conducting investigations, the Administrator may not A) publish information of any violation over the vigorous objections of a violator. B) require a person to file a statement in writing and under oath. C) make investigations outside the state to determine whether violations of the Uniform Securities Act have occurred in that other state. D) make investigations both inside the state and in other states to determine whether violations of the Uniform Securities Act have occurred in his state. None 21. Series 63, Remedies and Administrative Provisions,Series 63 Under the Uniform Securities Act, the Administrator may designate another official in the department to A) issue a cease and desist order. B) set recordkeeping requirements. C) grant registration exemptions. D) serve subpoenas. None 22. Series 63, Remedies and Administrative Provisions,Series 63 Which of the following statements is not true regarding criminal penalties under the Uniform Securities Act? A) The Administrator does not have the power to pursue criminal prosecution, only to refer evidence to the attorney general or appropriate district attorney. B) The statute of limitations on criminal indictments is five years. C) Criminal penalties may not be imposed if someone damaged by the violation has already recovered damages under the civil liabilities provisions. D) Criminal penalties may be incurred by willfully violating any provision of the act. None 23. Series 63, Remedies and Administrative Provisions,Series 63 The Uniform Securities Act provides for all of the following except A) criminal penalties for violations of the act. B) specific civil penalties for up to three times the amount of money invested for willful violation of the act. C) exemption from registration for federal covered securities. D) subpoena power for the state Administrator. None 24. Series 63, Remedies and Administrative Provisions,Series 63 In order for a surety bond to meet the requirements of the Uniform Securities Act, it must provide that A) the bond must remain in force no less than two years after the withdrawal of registration. B) it is in the form of cash or marketable securities. C) any customer who can prove a violation is entitled to collect against the bond. D) because bonds are transferable, any agent’s bond may be used to meet the obligation of another agent. None 25. Series 63, Remedies and Administrative Provisions,Series 63 A client sues an agent for selling an unregistered nonexempt security. Shortly before the case comes to trial, the client dies. A) The suit will only be continued if acted upon by the beneficiaries of the client. B) The suit survives the death of either party to the suit. C) The suit is canceled. D) Judgment is immediately rendered in favor of the deceased client. None 1 out of 25 Time is Up! Time's up
