Owner: Exam Pass URL:www.exampass.blogspot.com Join Date: Sat, 20 Jan 2007 18:03:11 -0600 Rating:0 Site Description: This blog is used by The Securities Institute’s instructors to help post additional thoughts and tips to help students pass their securities exams. Site statistics:Click here
Udates to Rule 144 for securities exams 2008-02-22 11:30:00 The Holding Period for Rule 144 has been Reduced to 6 MonthsIndividuals who are not affiliated with the company (non affiliates) may freely sell their unregistered securities without any volume restrictions after 6 months. Affiliates who are officers, directors or 10% holder may also sell unregistered securities after 6 months but are still subject to the volume limitations of Rule 144 and must still file form 144 at the time of sale.De Minimis Threshold RaisedThe volume and dollar amount of securities an affiliate may sell with out reporting has been increased. An affiliate in any 90-day period, may sell up to 5,000 shares or may sell stock with a value of $50,000 or less without having to file Form 144.Standard Rule 144 Volume Restrictions Still ApplyUnder Rule 144 the maximum number of Read more:exams
New Series 24 Exam 2/12/2008 2008-02-06 09:16:00 The new series 24 exam outline effective 2/12/2008 will have the following test focus points.Supervision of Investment Banking, Underwriting & Research 33 QuestionsSupervision of Trading and Market Making 31 QuestionsSupervision of Brokerage Office Operations 29 QuestionsSales Supervision & General Supervision of Employees 43 QuestionsCompliance with Financial Responsibility Rules 14 questionsSome of the new material on the series 24 exam includes:Regulation S-KRegulation S-XRegulation M-ARegulation NMSRegulation ATSRegulation SHOSarbanes –OxleyStep out tradesNet tradingHere are some excerpts from our new series 24 textbook:Sarbanes-Oxley ActThe Sarbanes - Oxley Act also known as the Public Company Accounting Reform and Investor Protection Act of 2002 was enacted to help restore
series 10 tutoring 2007-12-18 22:52:00 Many students need a little extra help to successfully pass their series
10 exam. For students who may be having trouble in areas such as municipal securities regulations or supervision of accounts and sales activities, a series 10 tutor may be the perfect solution. A series 10 tutor is also a perfect solution for busy agents who simply do not have the time to attend a class. Private in person tutoring, virtual and phone tutoring are all available from coast to coast to help ensure that you pass your series 10 exam. Call The Securities Institute today to discuss which option may be the best option for you at: 877 218 1776Take some free series 10 Questions on our site at:
Series 10 tutor 2007-12-18 22:50:00 Many students need a little extra help to successfully pass their series 10 exam. For students who may be having trouble areas such as municipal securities regulations or supervision of accounts and sales activities, a series 10 tutor
may be the perfect solution. A series 10 tutor is also a perfect solution for busy agents who simply do not have the time to attend a class. Private in person tutoring, virtual and phone tutoring are all available from coast to coast to help ensure that you pass your series 10 exam. Call The Securities Institute today to discuss which option may be the best option for you at: 877 218 1776Take some free series 10 Questions on our site at:
Series 7 Tutor 2007-12-18 22:41:00 Many students need a little extra help to successfully pass their series 7 exam. For students who may be having trouble in areas such as options and munis a series 7 tutor may be the perfect solution. A series 7 tutor is also a perfect solution for busy agents who simply do not have the time to attend a class. Private in person tutoring, virtual and phone tutoring are all available from coast to coast to help ensure that you pass your series 7 exam. Call The Securities Institute today to discuss which option may be the best option for you at 877 218 1776.Take some free series 7 Questions on our site at:
Series 9 Tutoring 2007-12-18 22:38:00 Many students need a little extra help to successfully pass their series 9 exam. For students who may be having trouble areas such as options markets or option compliance, a series 9 tutor may be the perfect solution. A series 9 tutor is also a perfect solution for busy agents who simply do not have the time to attend a class. Private in person tutoring, virtual and phone tutoring are all available from coast to coast to help ensure that you pass your series 9 exam. Call The Securities Institute today to discuss which option may be the best option for you at 877 218 1776.Take some free series 9 Questions on our site at: Read more:Tutoring
Series 9 tutor 2007-12-18 22:30:00 Many students need a little extra help to successfully pass their series 9 exam. For students who may be having trouble areas such as options markets or option compliance, a series 9 tutor
may be the perfect solution. A series 9 tutor is also a perfect solution for busy agents who simply do not have the time to attend a class. Private in person tutoring, virtual and phone tutoring are all available from coast to coast to help ensure that you pass your series 9 exam. Call The Securities Institute today to discuss which option may be the best option for you at 877 218 1776.Take some free series 9 Questions on our site at:
Series 24 Tutor 2007-12-18 17:45:00 Many students need a little extra help to successfully pass their series 24 exam. For students who may be having trouble in areas such as supervision of trading and market making and in supervision of investment banking, a series 24 tutor may be the perfect solution. A series 24 tutor is also a perfect solution for busy agents who simply do not have the time to attend a class. Private in person tutoring, virtual and phone tutoring are all available from coast to coast to help ensure that you pass your series 24 exam. Call The Securities Institute today to discuss which option may be the best option for you at 877 218 1776.Take some free series 24 Questions on our site at:
Series 24 Tutor 2007-12-18 17:45:00 Many students need a little extra help to successfully pass their series 24 exam. For students who may be having trouble in areas such as supervision of trading and market making and in supervision of investment banking, a series 24 tutor may be the perfect solution. A series 24 tutor is also a perfect solution for busy agents who simply do not have the time to attend a class. Private in person tutoring, virtual and phone tutoring are all available from coast to coast to help ensure that you pass your series 24 exam. Call The Securities Institute today to discuss which option may be the best option for you at 877 218 1776.Take some free series 24 Questions on our site at:
Series 24 Tutoring 2007-12-18 17:45:00 Many students need a little extra help to successfully pass their series 24 exam. For students who may be having trouble in areas such as supervision of trading and market making and in supervision of investment banking, a series 24 tutor may be the perfect solution. A series 24 tutor is also a perfect solution for busy agents who simply do not have the time to attend a class. Private in person tutoring, virtual and phone tutoring are all available from coast to coast to help ensure that you pass your series 24 exam. Call The Securities Institute today to discuss which option may be the best option for you at 877 218 1776.Take some free series 24 Questions on our site at: Read more:Tutoring
Series 7 Tutoring 2007-12-18 17:32:00 Many students need a little extra help to successfully pass their series 7 exam. For students who may be having trouble in areas such as options and munis a series 7 tutor may be the perfect solution. A series 7 tutor is also a perfect solution for busy agents who simply do not have the time to attend a class. Private in person tutoring, virtual and phone tutoring are all available from coast to coast to help ensure that you pass your series 7 exam. Call The Securities Institute today to discuss which option may be the best option for you at 877 218 1776.Take some free series 7 Questions on our site at: Read more:Tutoring
Variable Annuity Information 2007-11-30 22:42:00 Here is a variable annuity update for the series 6, series 7, series 24, series 26, series 65 and series 66 examsFINRA Rule 2821In light of the large number of variable annuity products that are being sold or exchanged, it has come to the attention of the regulators that supervision and training for variable annuities within the industry is inadequate. This has resulted in the use of some “questionable” sales tactics. FINRA has decided that there needs to be stronger rules in place. Rule 2821 is designed to address the sales practices, supervision and training of associated persons with regards to deferred variable annuities. This rule is not designed to supercede FINRA’s general suitability rule (Rule 2310), but rather to enhance it.The rule applies to any stand alone purchase of a Read more:Variable
, Annuity
Should I take the Series 24 exam or the series 9/10 exam? 2007-11-15 19:02:00 The Series 9 and series
10 exams register an individual as a General Securities Sales Supervisor and is a limited principal examination. It qualifies an individual to supervise sales activities of a broker/dealer who are members of an exchange, The Municipal Securities Rulemaking Board, and FINRA, The Series 9/10 qualifies the branch manager to supervise sales activities in corporate securities (equity and debt), investment company products and variable contracts, municipal securities, options, government securities and direct participation programs The General Securities Sales Supervisor Exam does not allow the sales supervisor/branch manager to supervise underwriting, trading, advertising, or overall firm compliance.The Series 24, General Securities Principal Exam, qualifies a candidate
Should I take the series 7 or series 62 exam? 2007-11-06 21:01:00 Should I take the Series 7 or Series 62?We get a lot of students who have the series
6 who want to do an occasional stock trade ask us which exam they should. Most ask if they should take the series 7 or the series 62 exam. We also receive many questions from students who want to trade various products and want to know which exam they should take. Below is a good breakdown of the type of business that may be conducted with a series 7 and with a series 62:The Series 7 General Securities Representative Examination qualifies the individual to transact business in:corporate stocks and bondsrightswarrantsreal estate investment trusts (REITs)collateralized mortgage obligations (CMOs)municipal securitiesoptions-equity, index, and foreign currencyinvestment company products/variable contractsdirec
FINRA Exams Electronic Communications Review 2007-10-11 10:01:00 Here is some great information on on electronic communications for the Series 6 exam, series 7 exam, series 10 exam, series 24 exam, series 26 exam, series 62 exam, series 63 exam, series 65 exam, and series 66 exam.As the popularity of the Internet grows, the way we conduct business within the securities industry is changing. To keep up with these changes FINRA has amended the rules regarding advertising and sales literature to include electronic communications. Advertising now includes all publicly accessible websites, banner advertisements, blogs and bulletin boards.Instant messages and emails sent to 25 or more prospective clients in a 30 day period are considered sales literature, as are password protected websites.Emails and instant messages sent to existing clients, or those sent to Read more:Electronic
, Communications
FINRA and the NASD Exams 2007-08-02 11:16:00 The recent merger of the NASD and NYSE regulation units created FINRA the Financial Industry Regulation Authority. It has also created a lot of concern for test takers. After long discussions with staff at the newly created FINRA, and after diligent research our conclusion is that the NASD administered exams will not be changing significantly in the near future. People who are preparing for the series 6, series 7, series 9, series 10, series 24, series 26, series 55, series 62, series 63, series 65, and series 66 exams can prepare with confidence. Take some free NASD Exams Questions on our site at
NASDAQ Question For the Series 24 Exam 2007-07-12 11:56:00 Here is a great NASDAQ question for the series 24 exam. Most students have issues with the trading and market making section of the series 24 exam so we have really added a lot of focus in this section of our materials and students scores have increased dramatically.Orders will be routed in the ADF through:A) Super MontageB) CAESC) Participant provided linesD) ECNsAnswerOrders will be routed in the ADF through participant provided access lines.Take some free series 24 exam questions on our site at: Read more:Question
The Securities Institute Introduces Live Instructor Led Virtual Classes 2007-05-17 13:37:00 New Live Instructor led Virtual Classes
Our new live Instructor led virtual classes are the perfect solution for agents preparing for the series 7 exam. Enroll in the entire class and receive our world class series 7 textbook and exam software FREE! If you have taken a class, are self studying or have already taken the exam and need help in one or two areas you can attend one of our virtual class modules that target just those areas! Our virtual class modules are designed to ensure your success on the exam!Price $99 per module Read more:Securities
, Institute
New Live Instructor Led Virtual Classes 2007-05-15 19:14:00 Our new live Instructor led virtual classes are the perfect solution for agents preparing for the series 7 exam. Enroll in the entire class and receive our world class series 7 textbook and exam software FREE! If you have taken a class, are self studying or have already taken the exam and need help in one or two areas you can attend one of our virtual class modules that target just those areas! Our virtual class modules are designed to ensure your success on the exam. Click on the following Link to learn more: Read more:Classes
The Securities Institute Introduces Series 9 & series 10 exam textbooks and software 2007-05-11 11:44:00 The SecuritiesInstitute
of America is extremely pleased to introduce a world class solution for securities industry professionals who need to complete the series
9 and 10 General Securities Sales Supervisor exams. The Securities Institute is committed to providing the most updated material available. We continuously update our products and are constantly working on developing new and innovative ways to meet our student's exam preparation needs. We will be introducing live virtual classes and audios available in an instant download format in the next few weeks.Series 9 exam textbooks and software: 10 exam textbooks and software:
Series 7 exam Question 2007-04-11 13:06:00 Here is a great muni question for the series 7 exam.The REVDEX has been hitting new highs. What does that say about the municipal bond market ?A) GO bond prices have been risingB) Revenue bond prices have been risingC) GO bond prices have been fallingD) Revenue bond prices have been fallingD)The REVDEX is a yield based index. Anytime the index rises revenue bond prices are falling.Take some more free series 7 exam questions on our site at: Read more:Question
Series 7 Correspondence Information 2007-03-01 10:00:00 Here is some great information on correspondence for the Series 7 exam, and Series 24 examCorrespondenceCorrespondence consists of electronic and written communications between the member and customers or potential customers. With the increase in acceptance of email, instant messaging and chat rooms as business communication, it would be impractical for a member to review all correspondence between the member and the public. The member instead may set up procedures to review a sample of all correspondence, both electronic and hard copy. If the member reviews only a sample of the correspondence, the member must train their associated people on their firm’s procedures relating to correspondence and must document the training and ensure the procedures are followed. Even though the memb
SIPC Rules 2007-02-26 14:40:00 Here is some good information for SIPC for the series 6, series 7, series 24, series 26, series 65, and series 66 examsCustomer CoverageSIPC protects customers of a brokerage firm in much the same way that the FDIC protects customers of banks. SIPC covers customer losses that result from broker dealer failure, not for market losses. SIPC covers customers for up to $500,000 per separate customer. Of the $500,000, up to $100,000 may be in cash. Most broker dealers carry additional private insurance to cover larger accounts, but SIPC is the industry-funded insurance and is required by all broker dealers. The following are examples of separate customers:CustomerSecurities Market ValueCashSIPC CoverageMr. Jones$320,000$75,000AllMr. & Mrs. Jones$290,000$90,000AllMrs. Jones$397,000$82,000AllA Read more:Rules
Trade Executions 2007-02-06 11:33:00 Here is some great information for trade exeuction for the Series 7 exam, Series 24 exam and series 62 exam.Executing an Order An important part of executing a customer’s order lies in the operational procedures that route the order to the markets and handle trade input functions for the order once it has been executed. The brokerage firm assigns specific departments to handle all of the important functions of trade execution and input. The departments are:1. Order Room / Wire Room2. Purchase and Sales Department3. Margin Department4. Cashiering Department5. Order Room / Wire RoomOnce a representative has received an order from a client, the representative must present the order for execution to the order room. The order room will promptly route the order to the Read more:Trade
Series 7 exam question 2007-01-23 11:56:00 Here is a question on Municipal bond underwritings from the series 7 examRegarding a municipal bond underwriting, which of the following is a violation?(A) An MSRB member that acts as a financial advisor for the issuer submits a competitive bid with the issuer's approval.(B) An MSRB member that acts as the advisor to the issuer offers the new bonds to a list of current bondholders obtained from the issuer.(C) An MSRB member who is a financial advisor to an issuer terminates the relationship to submit a negotiated bid(D) An MSRB member that had a financial advisory relationship with the issuer discloses its total compensation for a negotiated underwriting.(B) A firm may never use the information it obtains from an issuer to solicit sales or new business.Take some more series 7 exam question
New Series 62 Exam 2008-04-21 10:53:00 FINRA has updated the Seires 62 outline effective 2/12/2008.The new question outline is as follows:Characteristics of Corporate Securities - 28 QuestionsCorporate Securities Markets - 31 QuestionsValuing Corporate Securities - 14 QuestionsHandling Customer Accounts - 42 QuestionsTOTAL 115 QuestionsThe Holding Period for Rule 144 has been Reduced to 6 MonthsIndividuals who are not affiliated with the company (non affiliates) may freely sell their unregistered securities without any volume restrictions after 6 months. Affiliates who are officers, directors or 10% holder may also sell unregistered securities after 6 months but are still subject to the volume limitations of Rule 144 and must still file form 144 at the time of sale.De Minimis Threshold RaisedThe volume and dollar amount of secu
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