New Year Sale 2026! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

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?

Show Suggested Answer Hide Answer
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

Limited Time Offer

25%

Off

Get Premium Series-63 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Daron
9 hours ago
I think B) is also true, they can deny it if they want.
upvoted 0 times
...
Josphine
6 days ago
A) is definitely true, he needs to notify them.
upvoted 0 times
...
Sharika
11 days ago
I'm going with B. CanDo can deny Mr. Teche permission to take the teaching job, even though he's an independent contractor.
upvoted 0 times
...
Elza
16 days 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.
upvoted 0 times
...
Merissa
21 days 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.
upvoted 0 times
...
Kasandra
26 days 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.
upvoted 0 times
...
Lauran
1 month 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.
upvoted 0 times
...
Jame
1 month ago
I practiced a question similar to this, and I think C is misleading because agents usually have restrictions on outside work.
upvoted 0 times
...
Jeannetta
1 month 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.
upvoted 0 times
...
Justine
2 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.
upvoted 0 times
...
Kandis
2 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.
upvoted 0 times
...
Hoa
2 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.
upvoted 0 times
...
Veda
2 months ago
I remember something about agents needing to disclose outside business activities, so I think A is likely true.
upvoted 0 times
...
Salena
2 months ago
I think A is definitely true. He should notify CanDo.
upvoted 0 times
...
Toi
3 months ago
D) Both A and B are true, makes sense to me.
upvoted 0 times
...
Aretha
3 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.
upvoted 0 times
...
Janna
3 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.
upvoted 0 times
...
Melodie
3 months ago
This seems like a pretty straightforward compliance question. I'm pretty confident I can figure this out.
upvoted 0 times
Clarence
2 months ago
I think A is definitely true. He needs to notify them.
upvoted 0 times
...
...

Save Cancel