Series 99 Exam Prep Products

Do you want to ensure that you pass the Series 99 Exam? Our job is to help you achieve that goal. Our Series 99 Exam Preparation products consistently maintain the highest pass rates throughout the financial industry. These materials are the best of the best because we have covered every detail and ensured that every facet is created with the high quality you associate with Wiley exam review products. Plus, as the authors of these products we are in a unique position to help you through this process. If you have questions, please ask. We are here to help and will do everything in our power to make sure you get the answers you need. Our Series 99 exam prep materials boast the highest pass rates in the industry and will guide you through your entire exam prep process. Ensure you are ready to pass your Series 99 exam with our best in class Series 99 exam training materials.

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work with a Series 99 exam tutor to increase your score by an average of 10 points

This is our most comprehensive series 99 training solution. Everything you need to pass the series 99 exam, Purchase all the Series 99 study mateials in one package and save big. If you are serious about passing the Series 99 exam, then this package is for you. It includes ALL of the following exam preparation products:

  • Textbook
  • Practice Exam Software
  • Online Video Class
  • Ebook
  • Free Shipping
  • Updated April 2019
Series 99 Complete Self Study Solution

Only

200.00

Purchase both the Textbook and Exam Prep software - all in one package. This is one of our more popular deals and includes:

  • Textbook
  • Practice Exam Software
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Series 99 Textbook & Exam Prep Software

Only

124.95

Series 99 License Exam Prep Products

  • Over 1000 questions
  • Works with all major browsers and mobile devices
  • Updated April 2019

Get unlimited access to our exam prep software 24 X 7 for 6 months. Take practice tests anytime, anywhere using any PC, Mac, Phone or Tablet. Create your own randomized quizzes - YOU select the topics, number of questions, how and when answers are revealed to you. Randomized finals let you know when you are ready to take the test. The Series 99 exam prep software is a must have product to ensure you have mastered the knowledge and are ready to pass your Series 99 exam.

Series 99 Exam Prep Software

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59.95

  • 24 x 7 access for 6 months
  • Fully interactive

Our all new series 99 video class is hands down the best series 99 online class in the market today. Shot in state of the art high definition with key concepts, tables and formulas displayed to highlight test points for easy note taking. This video class walks you through all of the topics you need to know to pass your exam. Our videos follow our books chapter by chapter and topic by topic. This video class details all of the concepts being tested and will let you know exactly how they are being tested on the exam. Our series 99 video brings all of the material to life and explains the concepts using real world examples that students can easily understand. Our series 99 video class is the perfect companion to our textbooks and a great supplement to any study program to help you master the material for your exam. Our series 99 video features include: 1) 13 hours of HD video broken into 11 sections 2) Over 4 hours on brokerage office procedures, back office operations and rules and regulations 3) Our videos are accessible on all devices ( all computers, phones and tablets) 4) Our series 99 video class contains new test tips and details exactly what topics are being tested and how they are being tested 5) Our series 99 video course follows our books chapter by chapter and topic by topic 6) 11 Chapter Tests 7) Instant unlimited access 24X7 for 6 months

Series 99 Online Video Class

Only

99.00

Get Videos and Exam Prep Software:

124.99

  • IOS
  • Android
  • Kindle FIRE HD
  • Kindle FIRE HDX
  • Nook HD
  • Nook HD +

If you want to access your material on the go, this is the study solution you have been waiting for. Our Wiley Series 99 Mobile Review is much more than simply an Ebook and far more accessible than a PDF. For the first time students, may study anytime, anywhere. Our Mobile Learning Library lets students interact with the content in a high quality and dynamic environment. Students preparing for the Series 99 exam may study online or via a downloadable app for your smartphone or tablet. Now you can take your textbook anywhere you can take your phone or tablet - on a plane, train or beach. If you want to make notes in the mobile version - no problem - you may create highlights, take notes, write down questions, and reminders. Want to see what other students are doing? Then join a study group and share highlights, notes, questions, test tips and ideas with each other.

Series 99 Mobile Ebook

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89.95

  • Demo
  • Paperback
  • 432 pages
  • 245 test questions
  • Published January 2019

The go to guide to acing the Series 99 exam - Our Series 99 textbook is designed to guide you through your entire study process and to get you ready to pass the Series 99 exam. The Series 99 textbook is packed with test tips, Series 99 sample questions and all the must know information you need to pass your exam. Our Series 99 textbook has been developed in partnership with John Wiley and Sons to ensure you have the absolute best Series 99 material.

Series 99 Exam Textbook

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  • Series 99 Sample ChapterPDF
  • Textbook Table of ContentsPDF
  • Textbook IndexPDF

Series 99 License Frequently asked questions / FAQs

Most candidates seek to obtain a series 99 license because they are being required to do so by their firm. You can think of the series 99 as your license to become an operations professional. The series 99 license qualifies an Individual to perform a variety of covered functions at their employing broker dealer. Most people obtain the series 99 license when entering the operations department for the first time and are just starting out in a new career. Others, are perhaps changing positions within their operations department and will now be performing duties that requires them to become 99 licensed. A series 99 license is one way for a person to meet FINRA’s operations licensing requirement. Individuals will be notified by the firm’s compliance department, home office or HR directly or through their manager as to the time frame for taking the exam

FINRA sets the licensing requirements for member firms and its associated persons. FINRA has determined that persons who function in a covered capacity or who supervise persons who perform covered functions must become licensed as a series 99 operations professional . Obtaining a series 99 license will allow you to perform critical functions in a broker dealer’s operations department. Some of these covered functions include client on-boarding. In this role you will be the person who is collecting and inputting customer account data and may be responsible for the preparation of the account records and maintenance. A series 99 licensed person may also perform crucial settlement functions such as fail control, buy ins and sell outs and asset segregation duties. Margin, stock loan and prime brokerage are also key functions that can be performed at broker dealer by a series 99 licensed professional.

The series 99 exam tests a number of complicated concepts that go far beyond general securities knowledge. Being able to work through the application of advanced operational and regulatory responsibilities will be key to a candidate’s success. Most individuals find that the exam is challenging in the way these questions are presented. You must be able to read the question and identify what the question is asking. This is absolutely key and it is not as easy as it sounds. If you are new to the industry or new to the operations department, you may find it hard to master the advanced concepts right away. In order to pass the exam and become series 99 licensed you must demonstrate that you have mastered these areas. Stick with it and stay focused on the concept until you have it down. Every person who sits for the series 99 exam has a different background. What one person finds easy to master, another may find very hard. Most people find the content relating to buy ins, sellouts, margin and settlement to be among the most difficult. You should prepare for the exam by reading a textbook completely with a highlighter. Take notes and work through the more difficult topics. Some of the question on the series 99 exam are hard but with careful preparation you will be successful. We cannot stress enough that you must read the book, there are no shortcuts and students need to understand this. You must clear your schedule, shut off your phone and focus. In addition to obtaining the knowledge required by the exam, you must master the application of the information by taking as many practice questions as you can. We recommend at least 60 – 70 hours of preparation to ensure you pass your series 99 exam and become licensed as an operations professional.

The answer is, that while it feels like your series 99 license is indeed transferable, in actuality it is not. If you want to change firms, your series 99 registration / license along with all of your other registrations must be terminated by your employer. With a series 99 license you are working as an operations professional at a FINRA member firm. Since you are registered at a FINRA member firm, Your former employer / the firm that you are leaving will fill out and submit a Form U5 to FINRA. This will terminate your employment and your registration with that firm. When you arrive at your new firm you must fill out and submit a new Form U4. This will begin your registration with your new firm and your series 99 license, along with your other registrations, will become active at your new firm upon receiving notice from FINRA.

Obtaining a series 99 license is an investment in professional development. You will be required to invest your time and some candidates will be required to pay for the costs. Your series 99 license will qualify you to function as an operations professional of a FINRA member broker dealer. It does not qualify you as an agent. Many people who obtain a series 99 license enjoy long and successful careers as operations professionals. The good news is, for those who absorb the costs, they are relatively low when compared to other types of training, certification and college expenses. Some employers pick up or reimburse the costs of training and the testing and registration fees. Even for these people many obtain additional resources such as additional test questions, books or videos to ensure they pass their exam and become licensed. For those who have to pay all of the expenses out of pocket, it usually only costs a few hundred dollars for the testing fees and quality training materials. . You will find that obtaining a series 99 license opens many doors for you throughout your career. Man very senior people at large financial firms come from the operations side of the business.

Once you have obtained your series 99 license you will be required to meet certain continuing educational requirements. Every year your firm will have you attend a seminar, webinar or take an online course to satisfy the firm element continuing education requirement. You will also be required to complete the regulatory continuing education requirement which is administered by FINRA. You will be required to complete this continuing education requirement by successfully completing the S901 course based on your date of association with a FINRA member. Your date of association for most people will be the date you passed your exam. You will be required to complete the S901 on the second anniversary of passing your exam and every three years thereafter. The S901 course may be completed at an approved facility or on FINRA’s continuing education portal.

Your series 99 license allows you to register as an operations professional of a broker dealer. The series 99 by itself will not allow you to act as an agent or as a financial and operations principal. If you are going to act in roles other than that of an operation professional you may be required to pass additional licensing exams. Any additional licensing requirement will be based on the depth of the new duties you wish to take on. If you have expanded duties that require additional licensing your firm’s compliance department will notify you of your exam requirements. We hope that this answers many of your frequently asked questions about the series 99 license. If you have any additional questions please call or email us.

 

Good luck on your exam.

 

The Securities Institute of America, Inc

Series 99 Important Concepts

Introduction

The foundation of a firm’s supervisory system is its written supervisory manual, also known as the firm’s policy and procedures manual. All members are required to have a policy and procedures manual that outlines the supervisory structure of the firm and that designates a principal to be responsible for each business area of supervision. The policy and procedures manual must include the title, location, and registration status of all supervisors and a copy of the manual must be kept in each office of the firm where supervised activities are conducted. The purpose of the written policy and procedures manual is to ensure compliance with the firm’s rules, as well as the rules of the industry. The manual must be updated to reflect the adoption of new policies, a change in personnel, or new industry regulations.

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Prior to opening an account for any new customer, a registered representative must complete and sign a new account form. Account ownership is divided into five main types:

  • Individual
  • Joint
  • Corporate
  • Trusts
  • Partnership

The registered representative should try to obtain as much information about the customer as possible. The representative should obtain:

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Customer Confirmations

All customers must be sent a confirmation at or before the completion of the transaction. Industry rules consider the completion of the transaction to be the settlement date. For buyers of the security, it is the time when the payment is made. If the customer has the funds available in the account, it is the time when the funds are moved through a book�keeping entry. For the seller, it is the time when they deliver the security. If the security is delivered prior to its due date, completion will occur when the payment is credited into the account. It is unlawful to settle a transaction without having sent a confirmation of the transaction to the customer. All customer confirmations must include:

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Prior to executing a customer’s order, the representative must fill out the appropriate order ticket and present it to the trading department or wire room for execution. All order tickets will include:

  • Buy or Sell
  • Name of security
  • Number of shares or bonds
  • Account name and number
  • Account type, i.e. cash or margin
  • Price and time limits if any
  • Solicited or unsolicited
  • Discretionary authority exercised or discretionary authority not exercised, if applicable
  • Time stamp when entered, executed, changed, or canceled

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