You are a registered agent with a broker-dealer.

Vendor: FINRA
Product: Series-63
Update on: Jul 25, 2025
Questions: 251

FINRA Series-63 Question Answer

You are a registered agent with a broker-dealer. One of your clients visits you and wants you to sell some of the U.S. government bonds she owns and purchase shares of a specific aggressive growth mutual fund for her with the proceeds. Your client is a mentally-competent, 84-year-old woman but, based on your other knowledge of her situation, you believe it to be an unwise move. You should

advise her that you don’t believe this is in her best interest, but execute the required transactions if she insists.

call the mutual fund and tell them that they must convince this client that an investment in their fund is not in her best interest, under penalty of law.

nod politely, but not execute the transactions since they are not in her best interest.

turn the matter over to your supervisor.