Finra Exam Series-63 Topic 2 Question 7 Discussion

Actual exam question for Finra's Series-63 exam

Question #: 7
Topic #: 2

[All Series-63 Questions]

Which of the following entities is subject to be accused of churning?

I . investment advisers

II . investment adviser representatives

III . broker-dealers

IV . agents

AII and IV only

BI and III only

CII, III, and IV only

DI, II, III, and IV

Show Suggested Answer

Suggested Answer: D

The firm will be expected to provide all of the above-sales and advertising materials to be used in the offering, the agreement between the issuing firm and its underwriters, and the agreement among the underwriters themselves.

by Veronika at Mar 24, 2025, 12:02 PM

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Herschel

1 months ago

This question is as slippery as a greased pig. Better make sure I don't get caught up in any churning shenanigans!

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Gracie

1 months ago

Churning, huh? Sounds like a great workout routine. I'll have to try it out at the gym later.

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Kathryn

1 months ago

I'm going to have to study up on the regulations around churning before this exam. Wouldn't want to get caught churning by mistake!

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Izetta

6 days ago

Make sure to review the regulations carefully before the exam.

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Cory

9 days ago

It's important to know the rules to avoid any issues.

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Silva

10 days ago

Investment advisers and broker-dealers can be accused of churning.

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Maile

1 months ago

It's important to know the rules to avoid any issues.

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Reid

2 months ago

Wow, I didn't realize agents could also be accused of churning. This is a tricky question!

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Samira

18 hours ago

User 3: I would go with D) I, II, III, and IV.

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Janine

1 months ago

User 2: I agree, agents can also be accused of churning.

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Krissy

2 months ago

User 1: I think the answer is C) II, III, and IV only.

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Gretchen

2 months ago

Broker-dealers and investment advisers are the most likely to be accused of churning, so I think option B is the correct answer.

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Long

2 months ago

Why do you think that?

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Oretha

2 months ago

I disagree, I believe the answer is A) II and IV only.

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Long

2 months ago

I think the answer is C) II, III, and IV only.

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