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Finra Series-63 Exam - Topic 4 Question 16 Discussion

Actual exam question for Finra's Series-63 exam
Question #: 16
Topic #: 4
[All Series-63 Questions]

Mr. Teche is an agent with broker-dealer CanDo, and his only compensation is the commissions he earns on trades he executes. He has applied for and been granted an adjunct teaching position with a local university that will allow him to earn money while he is establishing himself.

Which of the following statements are true?

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Suggested Answer: D

Both statements A and B are true. As an agent for broker-dealer CanDo, Mr. Teche is required to inform CanDo in writing before accepting any outside position that will provide him with additional compensation, and CanDo has the right to deny Mr. Teche the permission to accept this position.


by Macy at Nov 23, 2025, 09:36 AM

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Hollis
1 day ago
I lean towards D. Both A and B seem valid.
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Gearldine
6 days ago
I feel like C is misleading. He’s not fully independent.
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Burma
11 days ago
But B could be tricky. CanDo might not want him teaching.
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Pearlie
17 days ago
Agreed, A makes sense. Transparency is key.
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Lavera
22 days ago
Wait, can he really just take another job like that? Sounds risky!
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Justine
27 days ago
C) seems off, he's not really an independent contractor.
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Daron
2 months ago
I think B) is also true, they can deny it if they want.
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Josphine
2 months ago
A) is definitely true, he needs to notify them.
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Sharika
2 months ago
I'm going with B. CanDo can deny Mr. Teche permission to take the teaching job, even though he's an independent contractor.
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Elza
2 months ago
D is definitely the correct answer. Broker-dealers have strict rules about their agents' outside activities, and CanDo would need to approve this teaching position.
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Merissa
2 months ago
Hmm, I'm not sure. I think C might be the right answer. As an independent contractor, Mr. Teche should be able to engage in other business activities without needing CanDo's approval.
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Kasandra
2 months ago
I think the correct answer is D. Both A and B are true. As an agent, Mr. Teche has to notify CanDo before accepting the teaching position, and CanDo can deny him permission.
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Lauran
3 months ago
I’m leaning towards D being the right answer since both A and B seem to make sense together based on what I studied.
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Jame
3 months ago
I practiced a question similar to this, and I think C is misleading because agents usually have restrictions on outside work.
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Jeannetta
3 months ago
I'm not entirely sure, but I feel like CanDo might have some say in whether Mr. Teche can take that teaching job, so B could be true too.
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Justine
3 months ago
This is a tricky one. I'm going to make sure I fully understand the scenario before attempting to answer. Gotta be careful with compliance rules.
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Kandis
3 months ago
I've seen questions like this before. My strategy is to eliminate the options that don't make sense first, then decide between the remaining choices.
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Hoa
3 months ago
Okay, let me see. I think the key is understanding Mr. Teche's relationship with the broker-dealer. That should help me determine the right answer.
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Veda
4 months ago
I remember something about agents needing to disclose outside business activities, so I think A is likely true.
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Salena
4 months ago
I think A is definitely true. He should notify CanDo.
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Toi
4 months ago
D) Both A and B are true, makes sense to me.
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Aretha
4 months ago
This question is a real brain-teaser! I'm going to go with the humorous answer: Mr. Teche should just become a professional juggler instead. That way, he can earn extra cash without needing anyone's approval.
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Janna
5 months ago
Hmm, I'm a bit unsure about this one. I'll need to carefully read through the details and think it through step-by-step.
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Melodie
5 months ago
This seems like a pretty straightforward compliance question. I'm pretty confident I can figure this out.
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Clarence
4 months ago
I think A is definitely true. He needs to notify them.
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