Should I take the series 65 or series 66 exam ?

  • May 21, 2019

There are several key differences between the series 65 and series 66 exams. Determining which exam you should take will depend on your particular circumstances.  The Series 65 is the Uniform investment adviser exam and qualifies a candidate to act as an investment adviser representative. Upon passing the series 65 the agent may represent an […]

Read More

Requirements for ERISA Advisers and Service Providers

  • December 18, 2018

Advisers and other service providers to most ERISA-covered plans must disclose their fees, following a U.S. Department of Labor (DOL) regulation that became effective July 1, 2012. These regulations are designed to dovetail with corresponding regulations that require plans to disclose service provider information to DOL in a timely manner. A service provider’s failure to […]

Read More

What is a condor spread

  • December 17, 2018

A condor spread is similar to a butterfly spread and is the simultaneous establishment of both a bull spread and a bear spread on the same underlying security. A condor spread however, has two inner strikes in the center of the position instead of one in a butterfly spread. A condor spread contains four options […]

Read More

Must know money market instruments

  • December 16, 2018

The money market is a place where issuers go to obtain short-term financing. An issuer who needs funds for a short term, typically under one year, will sell short-term instruments known as money market instruments to obtain the necessary funds. Corporations, Municipalities, and the US Government will all use the money market to obtain short-term […]

Read More

Must know Tips for Margin Accounts

  • December 16, 2018

If you are taking The SIE exam, the Series 7 series 24 or series 99 exam, here are the must know facts about margin accounts to ensure you pass your exam. The Federal Reserve Board sets the amount that must be deposited when customers purchase securities using borrowed funds. This is known as the initial […]

Read More

Series 24 Test tip Member offerings

  • December 6, 2018

Offering of Securities by FINRA Members When a FINRA member firm wishes to raise money by offering securities for sale to investors special rules apply to the offering. When a FINRA member firm goes public it may not underwrite its own securities. The member wishing to go public must engage the services of a qualified […]

Read More

Series 63 Question of the Week

  • December 6, 2018

Under the Uniform Securities Act, which of the following would not have to be disclosed when filing a registration by qualification? A. A statement analyzing the issuer’s profit margin over the last three years compared to the profit margins of its primary competitors B. The capitalization and long-term debt of the issuer and any significant […]

Read More

Series 4 Question of the Week

  • December 6, 2018

An investor has a margin account as follows. Regulation T is 50%. Long 100 XYZ @ 80\tab Debit Balance $11,700 Long 100 PDQ @ 100\tab SMA -0- He sells 20 shares of PDQ for $2,000. The SMA can be credited with: A. $0 B. $1,000 C. $500 D. $2,000 Correct Answer(s): B. $1,000 Explanation: The […]

Read More

Series 9 Question of the Week

  • December 6, 2018

An investor establishes the following: Short 700 ONST at 39.20 Short 7 ONST May 37.50 puts at 2.90 Which of the following are not false? I. The investor has the potential for an unlimited gain II. The investor’s potential loss exceeds their potential gain III. The Investor is bearish IV. The investor is fully hedged […]

Read More

Series 10 Question of the Week

  • December 6, 2018

Your firm is a market maker and is participating in an offering of securities as a syndicate member. You firm is acting as a passive market maker and has purchased 12,000 shares which is 98% of its ADTV. An order comes into the firm’s trading desk to sell 3,000 shares at 2:40. Which of the […]

Read More