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Exam Series 63 All Questions

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Exam Series 63 topic 1 question 201 discussion

Actual exam question from FINRA's Series 63
Question #: 201
Topic #: 1
[All Series 63 Questions]

Under the NASAA Model Rules, the statute of limitations for civil liabilities is

  • A. the earlier of two years after the discovery of the facts and four years after the violation.
  • B. the earlier of three years after the discovery of facts and five years after the violation.
  • C. three years after the discovery of the facts and four years after the violation, whichever is greater.
  • D. the earlier of two years after the discovery of facts and three years after the sale.
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Suggested Answer: D 🗳️
Under the NASAA Model Rules, the statue of limitations for civil liabilities is the earlier of two years after the discovery of facts and three years after the sale. This follows the recommendations provided by the Uniform Securities Act of 1956.
by lolojepu at April 6, 2025, 1:49 a.m.

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