Supervision of retail communication

  • September 12, 2020

In this article we are going to review a significant amount of information relating to the supervision of retail communications.  As you prepare to take your principal level exam, you  will want to make sure that you have mastered these topics. This information has been taken directly from our textbooks, video lectures and feedback from […]

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Series 26 exam Best Practices

  • April 20, 2020

Why do I need to know so much information? The series 26 examination covers a very broad range of topics.  Many test-takers want to know why they need to know so much information that they are unlikely to use in their  role as a variable contract principal. The answer to this question is that by […]

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mutual fund prospectus

  • April 8, 2020

In this article we are going to take a look at the mutual fund prospectus. We will review all of the information you need to know about the use and content of a mutual fund prospectus. This information is critical to passing your exam. What is a mutual Fund Prospectus? The mutual fund prospectus is […]

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SEC customer classification

  • March 26, 2020

The SEC requires broker dealers to adhere to strict financial responsibility rules. These rules include the customer protection rule 15c3-3 and the net capital rule 15c3-1. The net capital rules have always been part of the Securities Exchange Act of 1934 and require broker-dealers to maintain a minimum level of financial solvency.  The more complex […]

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Outside Business Activities And Private Securities Transactions

  • March 25, 2020

In this article we are going to provide you with a comprehensive review regarding the outside business activities of associated persons and private Securities transactions.  Both of these topics are hot buttons for FINRA and are not only widely tested on their exams, but are also closely scrutinized during compliance examinations by FINRA staff members.  […]

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Broker-dealer AML audit requirements

  • March 25, 2020

All broker-dealers must conduct an independent audit of their anti money laundering program prior to the end of each year.  To assist you in avoiding common mistakes and oversights that could become comments in your next AML Testing report, please review the following list of common findings identified during AML testing and recommendations on how […]

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Annuity payments and taxation

  • March 16, 2020

In our previous article we reviewed the three ways for purchasing an annuity contract. Let’s move forward here, and get a little bit more detailed about some of the specifics regarding the operation of the annuity’s separate account. When an investor contributes money into a variable annuity product, that money goes into the separate account […]

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Securities Exam Prep – Prohibited Conduct

  • January 19, 2020

In this article we are going to take a look at employee conduct and the conduct of registered representatives.  Virtually all FINRA exams will test the rules and regulations relating to professional conduct in the Securities industry.   This article will highlight a number of prohibited practices that you are likely to see on your […]

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