Series 66 Exam Podcast: Recent Episodes
Franz Amussen
Series 66 Exam Lesson 56 Securities Exchange Act of 1934 QuizThis is a Series 66 Exam Lesson 56 Securities Exchange Act of 1934 Quiz: a free quiz for Series 66 Exam Lesson 56 Securities Exchange Act of 1934 Quiz. Try it and see how you do if you need help listen to the lesson over.
Series 66 Exam Lesson 56 Securities Act of 1933 QuizThis is a Series 66 Exam Lesson 56 Securities Exchange Act of 1934 Quiz. Try it and see how you do if you need help listen to the lesson over.
Questions covered include
1. Which of the following is true about the Securities Exchange Act of 1934?
(Select all that apply.)
A. It applies to exempt securities.
B. It determines what fair trading practices are.
C. It regulates the secondary trading of securities.
D. It was established by the Securities and Exchange Commission.
-
Which of the following is contained in a 10-K? (Select all that apply.)
A. balance sheet
B. cash flow statement
C. compensation of officers
D. income statement -
The 10-Q is an audited financial report submitted quarterly to the Securities and Exchange Commission.
A. True
B. False -
A ___ is filed if the company changes its name or there’s a 5% or greater change in the number of shares outstanding.
A. 10-C
B. 13-G
C. 15-B
D. 8-K -
Which of the following is required from the broker-dealers by the Securities Exchange Act of 1934?
(Select all that apply.)
A. buy back stocks for customers that reneged on their transactions
B. electronically deliver clients’ confirmation and statements
C. maintain a minimum net capital
D. send customers a copy of their income statement -
Under ___, margins are regulated from brokers to their customers.
A. Regulation D
B. Regulation M
C. Regulation T
D. Regulation U -
Broker-dealers are allowed to disclose to customers the routing of the customers’ orders.
A. True
B. False -
It is a totally anonymous matching of buy and sell orders.
A. alternative trading system
B. electronic exchange
C. electronics communication network
D. physical exchange -
Which of the following are/were physical exchanges?
(Select all that apply.)
A. Cincinnati Stock Exchange
B. New York Stock Exchange (NYSE)
C. Pacific Stock Exchange
D. Philadelphia Stock Exchange -
Which of the following is true about penny stocks?
(Select all that apply.)
A. They are sold on the over-the-counter bulletin board.
B. They are unsolicited orders.
C. They are traded on the NASDAQ and other listed exchanges.
D. They sell at less than $5. -
The broker is not required to assess a penny stock buyer’s financial situation if the buyer is a/an ___.
(Select all that apply.)
A. accredited investor
B. client whose order is unsolicited
C. insider
D. interstate citizen -
It is trading on nonpublic material information on the company.
A. front running
B. insider trading
C. pegging
D. wash trade -
This is the catchall rule that prohibits anything fraud even if it is not specifically prohibited in the Securities Exchange Act of 1934.
A. Rule 10b-5
B. Rule 127-c
C. Rule 144A
D. Rule 145 -
For unlawful practices under the Securities Exchange Act of 1934, suits can be brought within ___ of discovery.
A. six months
B. one year
C. two years
D. three years -
If a control person owns a position of a stock and he wants to lock in his profit or loss, he can ___.
A. dribble out
B. peg the stock
C. short against the box
D. short sell the stock -
Anybody that has nonpublic material information on the company is considered an insider.
A. True
B. False -
In the United Sates, they are exempted from the rules that prohibit insider trading.
(Select all that apply.)
A. congressmen
B. directors of the company
C. officers of the company
D. senators -
Insiders can trade on the material nonpublic information once the information has been made public.
A. True
B. False -
Only the Securities and Exchange Commission can sue insider traders.
A. True
B. False -
The statute of limitation for insider trading is ___.
A. one year
B. three years
C. five years
D. ten years
Series 66 Exam Lesson 56 Securities Exchange Act of 1934 Quiz
We hope you did well on this
———————————
The Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.The other possible exam would be the series 65 examination.
The Series 66 exam — the NASAA Uniform Combined State Law Examination — is a North American Securities Administrators Association (NASAA) exam administered by FINRA.
The exam consists of 100 scored questions. Candidates have 150 minutes to complete the exam. In order for a candidate to pass the Series 66 Exam, he/she must correctly answer at least 73 of the 100 scored questions.
There is no prerequisite for the Series 66 examination. However, the SIE and the Series 7 examination are co-requisites to the Series 66 Examination.
What is the Series 65 Exam?
The Series 65 is another path to becoming an Investment Advisor Representative (IAR)
Sometimes called the IAR in a box
Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The NASAA, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
Again requisites for this exam are the SIE Exam and the Series 7 Exam Top Off
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 65.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 66 Exam Free Audio Lesson 13Series 66 Exam Free Audio Lesson 13 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam?Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 ExamThe Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Lesson 56 Securities Exchange Act of 1934 Quiz 2024 appeared first on Audio Lessons for the Series 65 Exam.
Series 66 Exam Lesson 55 Securities Act of 1933 QuizThis is a Series 66 Exam Lesson 55 Securities Act of 1933 Quiz: a free quiz for Series 66 Exam Lesson 55 Securities Act of 1933 Quiz. Try it and see how you do if you need help listen to the lesson over.
Series 66 Exam Lesson 55 Securities Act of 1933 QuizThis is a Series 66 Exam Lesson 55 Securities Act of 1933 Quiz. Try it and see how you do if you need help listen to the lesson over.
Questions covered include
1. It is the law that requires companies to give full and fair disclosure of information if they want to go public.
A. Investment Company Act of 1940
B. Dodd-Frank Act
C. Securities Act of 1933
D. Securities Exchange Act of 1934
-
This is the registration statement that a company must file if the company wants to go public.
A. Form 144-A
B. Form D
C. Form RS-1
D. Form S-1 -
The registration statement is filed with the ___.
A. Financial Industry Regulatory Authority
B. National Association of Securities Dealers
C. New York Stock Exchange
D. Securities and Exchange Commission -
After the company that wants to go public has filed the registration statement, its investors can already trade their stocks publicly.
A. True
B. False -
It contains full and fair disclosure about the company that is going public and the risks involved in investing in the company.
(Select all that apply.)
A. comprehensive prospectus
B. final prospectus
C. preliminary prospectus
D. unabridged prospectus -
The Securities Act of 1933 attempts to curb speculation in new issues securities by preventing the ability to margin stock or borrow against the new issues securities.
A. True
B. False -
A person buys and sells stock in a regular account. Under current margin requirements set by the Federal Reserve board, he can margin his securities at ___.
A. 50%
B. 55%
C. 60%
D. 65% -
When the SEC has confirmed that the company has given a full and fair disclosure of information, the company enters into a quiet period for ___ days.
A. 10
B. 20
C. 25
D. 40 -
Which of the following is NOT allowed during the quiet period following the SEC’s confirmation of the company’s full and fair disclosure?
(Select all that apply.)
A. brokers soliciting orders to buy the stock
B. company distributing their preliminary prospectus
C. insiders selling the stock
D. underwriters recommending the stock -
If the SEC finds that there is no full and fair disclosure from the company that wants to go public, ___.
(Select all that apply.)
A. the SEC would send a deficiency letter back to the company and require additional disclosure
B. the company would be charged of giving false, misleading, and/or inadequate information
C. the company has to refile a registration statement addressing the concerns of the SEC
D. the company’s operations would be suspended for 20 days before they could file another registration statement -
Which of the following information is contained in the initial offering prospectus?
(Select all that apply.)
A. background of the officers and directors
B. different risks of the offering
C. final offering price on the new issue
D. management discussion on what the company does -
The purchaser of the stock must have the final prospectus prior to the settlement of the sale.
A. True
B. False -
For initial public offerings, the company has ___ days to deliver the final prospectus to the customer after the order is taken.
A. 20
B. 25
C. 40
D. 90 -
To sell a 144 stock, the holder of that stock must have held that stock fully paid for at least ___.
A. four months
B. six months
C. one year
D. two years -
Which of the following is considered a control person? (Select all that apply.)
A. officers
B. directors
C. 10% shareholders
D. affiliated persons -
An insider owns 15% of a publicly traded stock on electronic exchange. It would take him at least ___ days to dribble out and sell all of his stocks.
A. 450
B. 900
C. 1350
D. 2700 -
Which of the following are exempt transactions under the Securities Act of 1933?
(Select all that apply.)
A. interstate transactions
B. government bonds
C. penny stocks
D. private placements -
In order to be qualified to purchase an exempt offering, an investor must be ___.
(Select all that may apply.)
A. a control person
B. accredited
C. an insider
D. sophisticated -
Anyone can buy private placements as long as the buyer is registered with the Securities and Exchange Commission.
A. True
B. False -
The Securities and Exchange Commission does not require registration of Regulation D offerings.
A. True
B. False
Series 66 Exam Lesson 55 Securities Act of 1933 Quiz
We hope you did well on this
———————————
The Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.The other possible exam would be the series 65 examination.
The Series 66 exam — the NASAA Uniform Combined State Law Examination — is a North American Securities Administrators Association (NASAA) exam administered by FINRA.
The exam consists of 100 scored questions. Candidates have 150 minutes to complete the exam. In order for a candidate to pass the Series 66 Exam, he/she must correctly answer at least 73 of the 100 scored questions.
There is no prerequisite for the Series 66 examination. However, the SIE and the Series 7 examination are co-requisites to the Series 66 Examination.
What is the Series 65 Exam?
The Series 65 is another path to becoming an Investment Advisor Representative (IAR)
Sometimes called the IAR in a box
Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The NASAA, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
Again requisites for this exam are the SIE Exam and the Series 7 Exam Top Off
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 65.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 66 Exam Free Audio Lesson 13Series 66 Exam Free Audio Lesson 13 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam?Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 ExamThe Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Lesson 55 Securities Act of 1933 Quiz 2024 appeared first on Audio Lessons for the Series 65 Exam.
Series 66 Exam Quiz Mutual Funds 3This is a Series 66 Exam Lesson 28 Unit Investment Trust Quiz: a free quiz for Series 66 Exam Lesson 28 Unit Investment Trust Quiz which is covering the Unit Investment Trust . Try it and see how you do if you need help listen to the lesson over.
Series 66 Exam Lesson 28 Unit Investment Trust QuizThis is a Series 66 Exam Lesson 28 Unit Investment Trust Quiz. Try it and see how you do if you need help listen to the lesson over.
Questions covered include
1. It is a specific portfolio of bonds that is self-liquidating.
A. unit investment trust
B. open-end mutual fund
C. closed-end mutual fund
D. hedge fund
-
The unit investment trust is regulated by the Investment Company Act of 1940.
A. True
B. False -
What is the implication of a unit investment trust being self-liquidating?
A. The investor will get back over time the principal plus interest.
B. The net asset value of the trust is independent from the market value.
C. The trust is free from ownership risk.
D. There is a constant interest rate until the trust’s maturity. -
Which of the following is true about a unit investment trust which invests in fixed income investments?
(Select all that apply.)
A. Buying the trust is buying shares of beneficial interest.
B. Holding the unit investment trust to its maturity returns the investment (assuming no defaults).
C. If the trust is sold prior to maturity, it has more interest rate risk than other fixed income portfolio.
D. Unlike a bond, this trust is a fixed portfolio. -
A fixed income unit investment trust differs from an open-end mutual fund in such a way that ___.
(Select all that apply.)
A. A fixed income unit investment trust is self-liquidating; an open-end mutual fund is not.
B. An open-end mutual fund has breakpoints; a fixed income unit investment trust has none.
C. An open-end mutual fund is perpetual; a fixed income unit investment trust is not.
D. An open-end mutual fund pays a little, if any, management fee; a fixed income unit investment trust pays very high management fees. -
A unit investment trust does not expand nor contract in size once issued.
A. True
B. False -
Unit investment trusts can invest in ___.
(Select all that apply.)
A. closed-end funds
B. corporate bonds
C. government securities
D. equities -
The shares of beneficial interest in a unit investment trust can be redeemed prior to maturity.
A. True
B. False -
A unit investment trust that invests in a master limited partnership will receive a ___ at the end of the year.
A. 1099-DIV
B. 1601F
C. CF-213
D. K-1 -
A trust invests in a closed-end fund. The fund’s net asset value is $28.74. It currently trades at $29.03. What is the percentage of the premium?
A. 0.01%
B. 0.09%
C. 0.99%
D. 1% -
It is a unit investment trust used to fund variable annuities.
A. fixed income unit investment trust
B. municipal bond unit investment trust
C. participating unit investment trust
D. stock unit investment trust -
In a fixed income unit investment trust, if any of the bonds in the fund default, the principal that the investor would be getting back would ___.
A. increase
B. decrease
C. remain the same
D. be equal to the market value -
A unit investment trust that invests in US government bonds that is held in maturity is NOT subject to ___.
A. credit worthiness risk
B. currency risk
C. interest rate risk
D. principal risk -
What is the advantage of buying a unit investment trust that strictly invests in a master limited partnership (compared with a unit investment trust that invests in closed-end funds that invest in the same master limited partnership)?
(Select all that apply.)
A. It avoids paying several management fees.
B. It can generate more income because the management fees are lower.
C. It has lower interest rate risk.
D. It receives the simpler 1099-DIV at the end of the year. -
These are risk-free investments.
A. direct government securities
B. closed-end funds
C. unit investment trusts
D. treasury bonds -
When a unit investment trust closes, the investor can ___.
(Select all that apply.)
A. get the proportion of the securities held in the trust
B. roll it over into the next unit investment trust
C. sell the shares
D. take a liquidation -
Rolling over into the next unit investment trust is a non-taxable event.
A. True
B. False -
It is taking the proportion of the securities held in the trust when the unit investment trust closes.
A. calling off
B. in-kind distribution
C. liquidation
D. rolling over -
The intention to receive in-kind distribution when the unit investment trust closes must be made known to the trust at least ___ days before the termination of the trust.
A. 7
B. 15
C. 30
D. 60 -
A large enough position is required before an investor can opt to receive in-kind distribution when the unit investment trust closes.
A. True
B. False
We hope you did well on this Series 66 Exam Lesson 28 Unit Investment Trust Quiz
We hope you did well on this
———————————
The Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.The other possible exam would be the series 65 examination.
The Series 66 exam — the NASAA Uniform Combined State Law Examination — is a North American Securities Administrators Association (NASAA) exam administered by FINRA.
The exam consists of 100 scored questions. Candidates have 150 minutes to complete the exam. In order for a candidate to pass the Series 66 Exam, he/she must correctly answer at least 73 of the 100 scored questions.
There is no prerequisite for the Series 66 examination. However, the SIE and the Series 7 examination are co-requisites to the Series 66 Examination.
What is the Series 65 Exam?
The Series 65 is another path to becoming an Investment Advisor Representative (IAR)
Sometimes called the IAR in a box
Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The NASAA, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
Again requisites for this exam are the SIE Exam and the Series 7 Exam Top Off
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 65.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 66 Exam Free Audio Lesson 13Series 66 Exam Free Audio Lesson 13 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam?Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 ExamThe Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Lesson 28 Unit Investment Trust Quiz 2024 appeared first on Audio Lessons for the Series 65 Exam.
Series 66 Exam Quiz Mutual Funds 3This is a Series 66 Exam Quiz Mutual Funds 3: a free quiz for Series 66 Exam Quiz Mutual Funds 3 which is covering Mutual Funds part 3 . Try it and see how you do if you need help listen to the lesson over.
Series 66 Exam Lesson 26 Quiz Mutual Funds pt 3This is a Series 66 Exam Quiz Mutual Funds 3. Try it and see how you do if you need help listen to the lesson over.
Questions covered include
1. Which of the following is true about hedge funds?
(Select all that apply.)
A. They are not allowed to cut off withdrawals by their investors.
B. They are open to any kind of investor.
C. They charge a management fee.
D. They have a cap on the amount that is available to be withdrawn at any given time.
-
What is the minimum capital for a hedge fund?
A. $100,000
B. $200,000
C. $500,000
D. $1,000,000 -
Which of the following is qualified as an accredited investor according to the Securities Act of 1933?
(Select all that apply.)
A. a bank
B. a charitable organization with a total asset of $5 million
C. a trust with a total asset of $10 million
D. an employee benefit plan that has a total asset of $3 million -
A business is qualified to be an accredited investor if all its equity owners are accredited investors.
A. True
B. False -
A natural person can be an accredited investor if that person ___.
(Select all that apply.)
A. has an income exceeding $200,000 in each of the two most recent years and a reasonable expectation of the same income level in the current year
B. has individual net worth that exceeds $1 million including the value of the primary residence of such person
C. has a joint income with the spouse exceeding $200,000 in each of the two most recent years and a reasonable expectation of the same income in the current year
D. has a joint net worth with the person’s spouse that exceeds $1 million excluding the value of the primary residence of such person -
The performance of a hedge fund is always better than the market.
A. True
B. False -
Which of the following strategies does a hedge fund employ?
(Select all that apply.)
A. global macro hedge fund strategy
B. relative value arbitrage
C. high-frequency trading
D. currency strategies -
A mutual fund’s annual and semiannual report has an income statement similar to a regular corporate income statement.
A. True
B. False -
Which of the following can be found in a mutual fund’s income statement?
(Select all that apply.)
A. dividends
B. capital gains
C. expenses
D. net income -
Which of the following is true about expense ratio?
(Select all that apply.)
A. It applies to closed-end funds but not to open-end funds.
B. It gives an overall look at how much it costs to pay the management to buy the stocks instead of buying it yourself without paying any management fee.
C. It is the total net assets divided by the total expenses.
D. It shows the efficiency of the fund. -
If you’re buying a fund at a very big discount but has a very high expense ratio, the discount you’re buying those stocks may disappear.
A. True
B. False -
An investment company should distribute at least ___ of its income in order to be regulated under the Investment Company Act of 1940.
A. 80%
B. 85%
C. 90%
D. 95% -
If an investment company is not regulated under the Investment Company Act of 1940, ___.
A. it becomes taxed as a regular corporation
B. it has to pay an additional tax equivalent to 2% of the total capital gains
C. it will require double management fees
D. its net pass is not taxed -
Investment companies can pass through capital gains ___.
A. monthly
B. quarterly
C. semiannually
D. at the end of the year -
An investor buying a mutual fund at the end of the year will not be paying taxes if he has not made any money in the fund.
A. True
B. False -
It is a type of mutual fund having a portfolio that is constructed to mimic the market index.
A. closed-end fund
B. exchange traded fund
C. index fund
D. open-end fund -
These funds are traded as regular stocks on the stock exchange, but move throughout the day.
A. closed-end fund
B. exchange traded fund
C. index fund
D. open-end fund -
As an investor in a fund or in a management company, you have the right to ___.
(Select all that apply.)
A. receive annual and semiannual reports
B. vote annually on the investment adviser contract
C. vote every year on the board of directors
D. vote on any changes in the investment objectives -
In an investment company, ___ of the directors must be non-interested.
A. 75%
B. 80%
C. 85%
D. 90% -
In a dollar cost averaging, when the price of the stock goes up, ___.
A. you’re buying fewer shares on any given month
B. you’re buying more shares on any given month
C. you’re buying the same number of shares on any given month
D. you cannot buy any shares until the price of the stock returns to market price
We hope you did well on this
———————————
The Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.The other possible exam would be the series 65 examination.
The Series 66 exam — the NASAA Uniform Combined State Law Examination — is a North American Securities Administrators Association (NASAA) exam administered by FINRA.
The exam consists of 100 scored questions. Candidates have 150 minutes to complete the exam. In order for a candidate to pass the Series 66 Exam, he/she must correctly answer at least 73 of the 100 scored questions.
There is no prerequisite for the Series 66 examination. However, the SIE and the Series 7 examination are co-requisites to the Series 66 Examination.
What is the Series 65 Exam?
The Series 65 is another path to becoming an Investment Advisor Representative (IAR)
Sometimes called the IAR in a box
Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The NASAA, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
Again requisites for this exam are the SIE Exam and the Series 7 Exam Top Off
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 65.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 66 Exam Free Audio Lesson 13Series 66 Exam Free Audio Lesson 13 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam?Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 ExamThe Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Lesson 26 Quiz Mutual Funds pt. 3 2024 appeared first on Audio Lessons for the Series 65 Exam.
Series 66 Exam Quiz Mutual Funds 2This is a Series 66 Exam Quiz Mutual Funds 1: a free quiz for Series 66 Exam Quiz Mutual Funds 2 which is covering Mutual Funds part 2 . Try it and see how you do if you need help listen to the lesson over.
Series 66 Exam Lesson 25 Quiz Mutual Funds pt 2This is a Series 66 Exam Quiz Mutual Funds 2. Try it and see how you do if you need help listen to the lesson over.
Questions covered include
1. Which of the following is true about closed-end funds?
(Select all that apply.)
A. It can trade at a premium or at discount to net asset value.
B. It is redeemed.
C. It has a fixed maturity and interest rate.
D. It trades as a common stock on the exchanges wherever it is listed.
-
Which of the following details can be found on the website of the company that sponsors a closed-end fund?
(Select all that apply.)
A. discount to net asset value
B. net asset value
C. premium
D. price of the stock -
It is the amount annually collected from the shareholders, which include all the operating cost of the fund.
A. conversion ratio
B. expense ratio
C. liquidity ratio
D. Sharpe ratio -
If a closed-end fund has a very high expense ratio, one reason you might wish to buy the fund is because ___.
A. it is sold at net asset value
B. it is sold at net asset value less than the expense ratio
C. it is sold at par value
D. it is sold at a big discount to net asset value -
In financial industry, “Red Herring” refers to ___.
A. expense ratio
B. hedge funds
C. master limited partnerships
D. preliminary prospectus -
Which of the following is true about a preliminary prospectus?
(Select all that apply.)
A. It contains the price of shares agreed upon.
B. It contains the total number of shares issued.
C. It does not contain the price of shares agreed upon.
D. It does not contain the total number of shares issued. -
One way that funds will get a higher return than the market average or a bigger loss than the market average is by leveraging their assets.
A. True
B. False -
A fund is leveraged at 9.2%. If it has $80,000,000 in its assets, the portfolio would reflect a value of ___.
A. $7,360,000
B. $72,640,000
C. $73,600,000
D. $87,360,000 -
Leveraged funds enhance returns and outperform the market when stocks are going down.
A. True
B. False -
A mutual fund or a management company must distribute their income ___.
A. annually
B. monthly
C. quarterly
D. weekly -
A management company distributes its income in a form of ___.
(Select all that apply.)
A. capital gains
B. commissions
C. dividends
D. interest -
These are capital gains that the management company must distribute at least on an annual basis.
A. capital yield
B. distribution yield
C. dividend yield
D. income yield
-
Dividend yield is the dividend that is paid out from the stocks that the management company owns and then passed through to the investors.
A. True
B. False -
If you buy a closed-end fund before or close to the record date, your net asset value would decline by the amount of the distribution.
A. True
B. False -
What would be a good reason for management companies to organize as master limited partnerships?
A. They want to acquire big positions in closed-end funds.
B. They want to avoid the double taxation.
C. They want to decrease their management expenses.
D. They want to increase their management fees. -
It is a tax document of a master limited partnership.
A. 1099-DIV
B. 1601F
C. CF-213
D. K-1 -
Why would a management company organize as a closed-end fund instead of an open-end fund?
A. Closed-end funds generally have higher sales commission than open-end funds.
B. In closed-end funds, managers may have to sell into a down market to raise money to pay for redemption.
C. In closed-end funds, managers will not be forced to redeem shares when the market is weak.
D. Unlike open-end funds, closed-end funds are more secure with specific maturity and interest rate. -
A mutual fund held in another mutual fund would have double management fees.
A. True
B. False -
The management fees of closed end funds ___.
(Select all that apply.)
A. are a way in which closed-end funds make money
B. are much more variable than the management fees of open-end funds
C. decline over time as assets decline
D. grow over time as assets grow -
Why would hedge funds acquire a big position in closed-end funds?
(Select all that apply.)
A. so that they can avoid the double taxation
B. so that they can move and change the closed-end fund into an open-end fund
C. so that they can capture the discount of the fund
D. so that they can prevent the market movement
We hope you did well on this
———————————
The Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.The other possible exam would be the series 65 examination.
The Series 66 exam — the NASAA Uniform Combined State Law Examination — is a North American Securities Administrators Association (NASAA) exam administered by FINRA.
The exam consists of 100 scored questions. Candidates have 150 minutes to complete the exam. In order for a candidate to pass the Series 66 Exam, he/she must correctly answer at least 73 of the 100 scored questions.
There is no prerequisite for the Series 66 examination. However, the SIE and the Series 7 examination are co-requisites to the Series 66 Examination.
What is the Series 65 Exam?
The Series 65 is another path to becoming an Investment Advisor Representative (IAR)
Sometimes called the IAR in a box
Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The NASAA, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
Again requisites for this exam are the SIE Exam and the Series 7 Exam Top Off
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 65.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 66 Exam Free Audio Lesson 13Series 66 Exam Free Audio Lesson 13 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam?Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 ExamThe Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Lesson 25 Quiz Mutual Funds pt. 2 2024 appeared first on Audio Lessons for the Series 65 Exam.
Series 66 Exam Quiz Mutual Funds 1This is a Series 66 Exam Quiz Mutual Funds 1: a free quiz for Series 66 Exam Quiz Mutual Funds 1 which is covering Mutual Funds part 1 . Try it and see how you do if you need help listen to the lesson over.
Series 66 Exam Lesson 24 Quiz Mutual Funds pt 1This is a Series 66 Exam Quiz Mutual Funds 1. Try it and see how you do if you need help listen to the lesson over.
Questions covered include
1. Which of the following is an example of a mutual fund?
(Select all that apply.)
A. corporate bond fund
B. balanced fund
C. hedge fund
D. junk bond fund
-
Which of the following is an example of an income fund?
(Select all that apply.)
A. 12b-1 fund
B. bond income fund
C. government bond income fund
D. utility stock income fund -
Which of the following is an example of an open-end fund?
(Select all that apply.)
A. 12b-1 fund
B. accumulated fund
C. fee-based mutual fund
D. no load fund -
Which of the following is a requirement in putting up an investment management company?
(Select all that apply.)
A. custodian bank
B. financial lawyer
C. investment advisor
D. underwriter -
It is anybody who has the ability to sponsor the mutual fund.
A. custodian bank
B. investment advisor
C. selling group
D. underwriter -
It is the document which outlines everything that the client needs to know about the mutual fund.
A. Investment Company Act of 1940
B. investment management company indenture
C. mutual fund contract
D. prospectus -
Which of the following is contained in the prospectus?
(Select all that apply.)
A. systematic withdrawal plan
B. the name of the investment advisor and the custodian bank and their respective fees
C. the type of mutual fund
D. whether the fund is a diversified fund or not -
The objectives of the fund is already fixed in the prospectus and can never be changed until all the funds are withdrawn.
A. True
B. False -
Buying a mutual fund is buying a bond.
A. True
B. False -
Mutual funds are not traded.
A. True
B. False -
Mutual funds allow the investor to switch within the family of funds with no sales charge.
A. True
B. False -
In an open-end fund, there’s a one-time fee that the underwriter will get for selling the shares in that fund.
A. True
B. False -
No load funds have no ___.
A. asking price
B. bid price
C. net asset value
D. sales charge
-
The maximum sales charge for loaded funds is ___.
A. 6 ¼ % of the net asset value
B. 6 ¼ % of the public offering price
C. 8 ½ % of the net asset value
D. 8 ½ % of the public offering price -
If a loaded fund chooses to charge the maximum sales charge, it is also required to offer ___.
(Select all that apply.)
A. breakpoints
B. letter of intent
C. principal reinvestment
D. rights of accumulation -
Which of the following is true about breakpoints?
(Select all that apply.)
A. It can be obtained by investment clubs.
B. It is calculated only for individual investors.
C. It is detailed in the prospectus.
D. There is an increasing sales charge as the dollar amount goes up. -
The maximum length on the letter of intent is ___.
A. 12 months excluding 30 days backdating
B. 12 months including 30 days backdating
C. 13 months excluding the 90 days backdating
D. 13 months including the 90 days backdating -
Which of the following is a characteristic of a diversified fund?
(Select all that apply.)
A. Five percent or more of its assets can be invested in anyone issuer.
B. It has a fixed payment date.
C. Maximum of 10% of the voting shares of anyone issuer is allowed in the funds.
D. Seventy-five percent or more of its assets must be invested in securities. -
Which of the following is the ideal type of 12b-1 fund for long-term investors?
A. Class A
B. Class B
C. Class C
D. Class D -
Which of the following mutual fund sales practices is prohibited by the Investment Company Act of 1940?
A. accepting late orders after the market closes
B. offering a reduced sales charge if a client gets above a breakpoint
C. putting an additional fee or a management charge on sales of open-end funds
D. reducing the maximum sales commission
We hope you did well on this
———————————
The Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.The other possible exam would be the series 65 examination.
The Series 66 exam — the NASAA Uniform Combined State Law Examination — is a North American Securities Administrators Association (NASAA) exam administered by FINRA.
The exam consists of 100 scored questions. Candidates have 150 minutes to complete the exam. In order for a candidate to pass the Series 66 Exam, he/she must correctly answer at least 73 of the 100 scored questions.
There is no prerequisite for the Series 66 examination. However, the SIE and the Series 7 examination are co-requisites to the Series 66 Examination.
What is the Series 65 Exam?
The Series 65 is another path to becoming an Investment Advisor Representative (IAR)
Sometimes called the IAR in a box
Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The NASAA, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
Again requisites for this exam are the SIE Exam and the Series 7 Exam Top Off
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 65.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 66 Exam Free Audio Lesson 13Series 66 Exam Free Audio Lesson 13 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam?Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 ExamThe Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Lesson 24 Quiz Mutual Funds pt. 1 2024 appeared first on Audio Lessons for the Series 65 Exam.
Series 66 Exam Lesson 39 Quiz Options pt 6This is a Series 66 Exam Lesson 39 Quiz Options pt 6: a free quiz for Series 66 Exam Lesson 39 Quiz which is covering Options part 6 . Try it and see how you do if you need help listen to the lesson over.
Series 66 Exam Lesson 39 Quiz Options pt 6This is a Series 66 Exam Lesson 39 Quiz Options pt 6. Try it and see how you do if you need help listen to the lesson over.
Questions covered include
1. It is the writing of two calls on the same stock.
A. ratio strategy
B. spread
C. straddle
D. strangle
-
In a ratio strategy, there is an unlimited potential loss on the upside.
A. True
B. False -
It is the largest options exchange and where options in the United States are traded for the most part.
A. American Stock Exchange
B. Chicago Board Options Exchange
C. Pacific Stock Exchange
D. Philadelphia Stock Exchange -
It is the subsidiary of Chicago Board Options Exchange where option contracts are cleared.
A. Chicago Options Clearing Company
B. Chicago Stocks and Options Clearing Company
C. Options Clearance Conglomerate
D. Options Clearing Corporation -
The Chicago Board Options Exchange only issues new options near where the stock is trading at.
A. True
B. False -
Which of the following are possible strike prices on options for a stock that trades at $300?
A. $260, $280, $300, $320, $340
B. $280, $290, $300, $310, $320
C. $290, $295, $300, $305, $310
D. $295, $297.50, $300, $302.50, $305 -
The minimum increment on option is ___.
A. $0.10
B. $0.25
C. $0.50
D. $1.00 -
Options expire at ___ on the third Friday of the expiration month.
A. 11:59 A.M.
B. 12:00 A.M.
C. 11:59 P.M.
D. 12:00 P.M. -
This is the price at which you can buy or sell the stock when the stock’s option has already expired.
A. execution price
B. exercise price
C. spot price
D. strike price
-
Specific stocks have specific cycles or months that they trade on.
A. True
B. False -
An option issued on Cycle ___ is issued only on the months of ___, April, July, and October.
A. 1; January
B. 2; February
C. 3; March
D. 4; January -
The higher the volatility of the stock, the lower the premium for the time value of its option.
A. True
B. False -
If you exercise your call option on a Wednesday, you’ll get your stock on ___.
A. Friday
B. Monday
C. Thursday
D. Wednesday – that same day -
It is a limit on the number of contracts that an individual or a group of individuals acting in concert can acquire.
A. contract limit
B. open interest limit
C. option limit
D. position limit
-
There is a limit on the number of contracts that can be exercised within any five business days.
A. True
B. False -
Option contracts are NOT adjusted for ___.
A. cash dividends
B. stock splits
C. stock dividends
D. Option contracts are adjusted in all of the above. -
You hold an option contract for a stock with a strike price of $80 a share for 100 shares. If the stock did a 2 for 1 stock split, then ___.
A. your option would now be for 100 shares with a strike price of $160
B. your option would now be for 200 shares with a strike price of $40
C. your option would now be for 50 shares with a strike price of $80
D. your option would not be affected by the stock split -
LEAPS are options with terms longer than ___ and have a maximum life of ___.
A. six months; 24 months
B. seven months; 30 months
C. nine months; 36 months
D. 12 months; 48 months
-
On a given day, there are 35,000 puts traded and 50,000 calls traded. What is the put-call ratio?
A. 0.07
B. 0.70
C. 0.85
D. 1.43 -
All of the following foreign currencies are traded in a contract size of 10,000 units of the local currency EXCEPT ___.
A. Australian Dollar
B. British Pound
C. Japanese Yen
D. Swiss Franc
We hope you did well on this Series 66 Exam Lesson 39 Quiz Options pt 6
———————————
The Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.The other possible exam would be the series 65 examination.
The Series 66 exam — the NASAA Uniform Combined State Law Examination — is a North American Securities Administrators Association (NASAA) exam administered by FINRA.
The exam consists of 100 scored questions. Candidates have 150 minutes to complete the exam. In order for a candidate to pass the Series 66 Exam, he/she must correctly answer at least 73 of the 100 scored questions.
There is no prerequisite for the Series 66 examination. However, the SIE and the Series 7 examination are co-requisites to the Series 66 Examination.
What is the Series 65 Exam?
The Series 65 is another path to becoming an Investment Advisor Representative (IAR)
Sometimes called the IAR in a box
Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The NASAA, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
Again requisites for this exam are the SIE Exam and the Series 7 Exam Top Off
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 65.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 66 Exam Free Audio Lesson 13Series 66 Exam Free Audio Lesson 13 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam?Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 ExamThe Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Lesson 39 Quiz Options pt 6 2024 appeared first on Audio Lessons for the Series 65 Exam.
Series 66 Exam Lesson 38 Quiz Options pt 5This is a Series 66 Exam Lesson 38 Quiz Options pt 5: a free quiz for Series 66 Exam Lesson 38 Quiz which is covering Options part 5 . Try it and see how you do if you need help listen to the lesson over.
Series 66 Exam Lesson 38 Quiz Options pt 5This is a Series 66 Exam Lesson 38 Quiz Options pt 5. Try it and see how you do if you need help listen to the lesson over.
Questions covered include
1. It is the purchasing and selling of put or call options with different strike prices, different expiration dates, or both.
A. combination
B. spread
C. straddle
D. strangle
-
In a spread, when you close out one position, you are expected to close out the other position at the same time.
A. True
B. False -
The longer the option, the higher the time value premium.
A. True
B. False -
As an option approaches its expiration date, the time value on that option reaches its maximum value at the expiration of that option.
A. True
B. False -
This spread is designed to try to capture the decline of an option’s time value as the option approaches its expiration date.
A. calendar spread
B. long call spread
C. long put spread
D. short call spread -
Which of the following is bearish?
A. long call spread
B. short call spread
C. short put spread
D. all of the above -
The maximum profit for a long call spread is the net cost of the spread.
A. True
B. False -
A short call spread is a credit spread.
A. True
B. False -
You bought Jan 80 call at $10 and sold Feb 80 call at $20. Stock trades at $100 at expiration. Feb 80 call has $5 time value left. Which is true?
(Note: This transaction is a calendar spread. The expiration mentioned is the expiration of the call option on January.)
A. You shall buy back the February 80 call at $5.
B. You shall buy back the February 80 call at $20.
C. You shall buy back the February 80 call at $25.
D. The February 80 call would expire worthless.
-
You bought Nov 30 call at $3 and sold Dec 30 call at $5. Stock trades at $25 at Nov expiration. Dec 30 call has $1 time value left. Which is true?
(Note: This transaction is a calendar spread.)
A. The November 30 call would expire worthless.
B. The December 30 call would expire worthless.
C. You would have a net profit of $2 by closing your position on the spread.
D. all of the above -
You bought Mar 60 call at $5 and sold Apr 70 call at $3. This transaction is most probably a ___.
A. long call spread
B. long put spread
C. short call spread
D. short put spread -
You initiated a long call spread by buying Sept 70 call at $10 and selling Oct 80 call at $5. What is your maximum profit in this transaction?
A. $5
B. $10
C. $15
D. The maximum profit cannot be determined because the stock price is not given. -
You initiated a long call spread by buying May 100 call at $15 and selling June 85 call at $8. What is your maximum loss in this transaction?
A. $7
B. $8
C. $15
D. $23 -
If you enter into a long call spread, which of the following pair of transactions would give you the greatest possible profit?
A. buying a July 30 call at $5 and selling an August 50 call at $4
B. buying a July 25 call at $6 and selling an August 40 call at $5
C. buying a July 40 call at $9 and selling an August 60 call at $5
D. All of the above transactions have equal maximum profit -
You initiated a short call spread by buying a Jan 40 call at $4 and selling a Feb 30 call at $7. What is your maximum profit in this transaction?
A. $3
B. $7
C. $11
D. The maximum profit cannot be determined because the stock price is not given. -
If you enter into a short call spread, which of the following transactions would you pair with buying a Nov 65 call at $6 to have the greatest possible profit?
A. selling a December 60 call at $7 per share
B. selling a December 50 call at $8 per share
C. selling a December 40 call at $9 per share
D. The greatest possible profit would depend upon the highest price that the stock could get.
-
You entered into a long put spread by buying Aug 95 put at $15 and selling Sept 75 put at $9. Which of the following is true?
A. A stock price of $100 at August expiration would give you the greatest profit.
B. A stock price of $85 at August expiration would give you the greatest profit.
C. A stock price of $80 at August expiration would give you the greatest profit.
D. A stock price of $70 at August expiration would give you the greatest profit. -
In a long put spread, you bought Apr 55 put at $6 and sold May 35 put at $3. If the stock trades at $60 at April expiration, which is true?
A. The April 55 put would expire worthless.
B. The May 35 put would have an intrinsic value of $25.
C. You would lose $5 at April expiration.
D. You would profit $3 at April expiration. -
What’s your initial credit if you bought Oct 80 put at $9 and Nov 90 put at $13 both for a stock initially trading at $85?
A. -$4
B. $4
C. $5
D. $8 -
In a short put spread, you bought June 60 put at $8 and sold July 75 put at $10. The stock trades at $70 at June expiration. Your net profit is:
A. You would have a $2 net profit.
B. You would have a $3 net profit.
C. You would have a $5 net profit.
D. You wouldn’t have a profit but instead
We hope you did well on this Series 66 Exam Lesson 38 Quiz Options pt 5
———————————
The Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.The other possible exam would be the series 65 examination.
The Series 66 exam — the NASAA Uniform Combined State Law Examination — is a North American Securities Administrators Association (NASAA) exam administered by FINRA.
The exam consists of 100 scored questions. Candidates have 150 minutes to complete the exam. In order for a candidate to pass the Series 66 Exam, he/she must correctly answer at least 73 of the 100 scored questions.
There is no prerequisite for the Series 66 examination. However, the SIE and the Series 7 examination are co-requisites to the Series 66 Examination.
What is the Series 65 Exam?
The Series 65 is another path to becoming an Investment Advisor Representative (IAR)
Sometimes called the IAR in a box
Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The NASAA, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
Again requisites for this exam are the SIE Exam and the Series 7 Exam Top Off
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 65.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 66 Exam Free Audio Lesson 13Series 66 Exam Free Audio Lesson 13 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam?Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 ExamThe Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Lesson 38 Quiz Options pt 5 2024 appeared first on Audio Lessons for the Series 65 Exam.
Series 66 Exam Lesson 37 Quiz Options pt 4This is a Series 66 Exam Lesson 36 Quiz Options pt 3: a free quiz for Series 66 Exam Lesson 36 Quiz which is covering Options part 3 . Try it and see how you do if you need help listen to the lesson over.
Series 66 Exam Lesson 37 Quiz Options pt 4This is a Series 66 Exam Lesson 37 Quiz Options pt4. Try it and see how you do if you need help listen to the lesson over.
Questions covered include
1. It is a strategy of buying a put and a call with the same expiration date and the same strike price on the same company.
A. combination
B. protective put
C. spread
D. straddle
-
The last trading day of options is ___.
A. the date of the option’s expiration
B. the date of the option’s expiration minus two business days
C. the last business day of the expiration month
D. the last trade day before the expiration date -
Options expire on ___.
A. the first Friday of the expiration month
B. the second Friday of the expiration month
C. the third Friday of the expiration month
D. the last Friday of the expiration month -
It is a type of straddle wherein you sell the straddle.
A. butterfly straddle
B. condor straddle
C. long straddle
D. short straddle -
The cost of a straddle is equal to ___.
A. the price determined by the seller of the straddle
B. the strike price divided by the beta
C. the sum of the intrinsic values of the call option and the put option
D. the sum of the premiums of the call option and the put option -
The risk in a long straddle is ___.
A. the breakeven on the downside
B. the difference between the premiums of the call option and the put option
C. the premium of either the call option or the put option, whichever is higher
D. the total premium you paid for both of the options included in the straddle -
The profit in a short straddle is ___.
A. limited to the downside by the total price of the stock minus the premium you collect
B. limited to the premium you collect
C. limited to the upside by the total price of the stock plus the premium you collect
D. unlimited to the movement of the price of the stock -
The breakeven for a short straddle is the same as the breakeven for a long straddle.
A. True
B. False -
In long straddles, the breakeven on the upside is where ___.
A. the new stock price rises above the initial stock price plus the premium of the call option
B. the new stock price rises above the initial stock price plus the total premium of the call and put option
C. the strike price rises above the initial stock price plus the premium of the call option
D. the price of the stock rises above the strike price enough to cover the premiums paid for the put and call options
-
In long straddles, the breakeven on the downside is where ___.
A. the new stock price falls below the initial stock price minus the premium of the put option
B. the new stock price rises above the initial stock price plus the total premium of the call and put option
C. the price of the stock falls below the strike price enough to cover the premiums paid for the put and call options
D. the strike price rises above the initial stock price plus the total premium of the call option and put option -
In a long straddle, you make profit as long as the stock moved outside the breakeven on the upside and the breakeven on the downside.
A. True
B. False -
In a short straddle, you lose money when the stock stays within the breakeven on the upside and the breakeven on the downside.
A. True
B. False -
If you’re looking at buying a straddle, you’re looking for volatility; if you’re looking to sell a short straddle, you’re looking for stability.
A. True
B. False -
In theory, a stock with a high beta should have lower option prices than a stock with a low beta.
A. True
B. False -
A stock’s price is $35. The strike price is $30, the call premium is $5.50, and the put premium is $1. What is the breakeven on the upside?
A. $34.50
B. $36.50
C. $39.50
D. $40.50 -
A stock’s price is $80. The strike price is $78, the call premium is $5, and the put premium is $3. What is the breakeven on the downside?
A. $70
B. $72
C. $73
D. $77 -
A stock has a price of $65. The beta is 0.89. The strike price is $63. The call premium is $3 and the put premium is $2. Assuming the stock move with its beta, the market must go up
to ___ to breakeven on this option.
A. 3%
B. 3.37%
C. 4.62%
D. 5.19%
-
A stock has a price of $15. The beta is 1.7. The strike price is $14. The call premium is $2 and the put premium is $1.50. Assuming the stock moves with its beta, the market must go down to ___ to breakeven on this option.
A. 4.5%
B. 14.71%
C. 17.65%
D. 30% -
You bought a long straddle. The stock price is $55 while the strike price is $53. The call premium is $4.75 while the put premium is $2. If the stock went up to $58, which of the following is true?
A. You would gain profit by collecting the premium.
B. You would gain profit by exercising your call option.
C. You would gain profit by exercising your put option.
D. You would not gain profit because the option is not above the breakeven point. -
You sold a short straddle. The stock price is $16 while the strike price is $15. The call premium is $1.60 while the put premium is $1.50. If the stock went down to $10, what will be your gain/loss?
A. You would gain $3.10 from collecting the premium. The option would not be exercised because it is out of the money.
B. You would gain $5 by selling the stock.
C. You would lose $1.90 if the put option is exercised.
D. You would lose $5 if the put option is exercised.
We hope you did well on this Series 66 Exam Lesson 37 Quiz Options pt 4
———————————
The Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.The other possible exam would be the series 65 examination.
The Series 66 exam — the NASAA Uniform Combined State Law Examination — is a North American Securities Administrators Association (NASAA) exam administered by FINRA.
The exam consists of 100 scored questions. Candidates have 150 minutes to complete the exam. In order for a candidate to pass the Series 66 Exam, he/she must correctly answer at least 73 of the 100 scored questions.
There is no prerequisite for the Series 66 examination. However, the SIE and the Series 7 examination are co-requisites to the Series 66 Examination.
What is the Series 65 Exam?
The Series 65 is another path to becoming an Investment Advisor Representative (IAR)
Sometimes called the IAR in a box
Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The NASAA, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
Again requisites for this exam are the SIE Exam and the Series 7 Exam Top Off
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 65.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 66 Exam Free Audio Lesson 13Series 66 Exam Free Audio Lesson 13 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam?Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 ExamThe Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Lesson 37 Quiz Options pt 4 2024 appeared first on Audio Lessons for the Series 65 Exam.
Series 66 Exam Lesson 36 Quiz Options pt 3This is a Series 66 Exam Lesson 36 Quiz Options pt 3: a free quiz for Series 66 Exam Lesson 36 Quiz which is covering Options part 3 . Try it and see how you do if you need help listen to the lesson over.
Series 66 Exam Lesson 36 Quiz Options pt 3This is a Series 66 Exam Lesson 36 Quiz Options pt 3. Try it and see how you do if you need help listen to the lesson over.
Questions covered include
-
It refers to the number of options that are currently trading in the market.
A. breakeven point
B. open interest
C. utility
D. volatility -
The following increases open interest EXCEPT:
A. buying to close
B. buying to open
C. selling to open
D. All of the above increase open interest. -
If you bought an option and you want to sell it, the market price of the option would be ___.
A. the option’s time value at expiration date
B. the option’s intrinsic value at expiration date
C. the option’s intrinsic value when you bought the option
D. the option’s premium -
Which of the following factors least affect the premium of an option?
A. dividend
B. interest rate
C. option time period
D. volatility
-
If you want to short a stock and interest rates are high, you have to pay higher margin interest rates.
A. True
B. False -
Utility stocks used to be referred to as ___.
A. county stocks
B. growth stocks
C. value stocks
D. widow-and-orphan stocks -
Why do utility stocks often have low premium options?
A. Utility stocks often have high income.
B. Utility stocks often have high volatility.
C. Utility stocks often have low income.
D. Utility stocks often have low volatility. -
It is the measure of a stock’s volatility in relation to the market.
A. beta
B. theta
C. vega
D. veta -
Which of the following is NOT true about beta?
A. A beta lower than one means that the stock moves more than the market does in general.
B. A beta of one correlates equally with the market.
C. High beta stocks will have higher option premiums.
D. High dividend stocks have a lower beta. -
If you short a stock and the stock pays a dividend, you are required to pay the dividend when that dividend comes do.
A. True
B. False -
Compared to call premiums, put premiums are lower on a high dividend stock.
A. True
B. False -
Which of the following would yield a low option premium?
A. An option with a high dividend on the stock.
B. An option with a high volatility.
C. An option with a long time period before expiration.
D. all of the above -
If you think the stock would go up, which is the best option strategy to take?
A. Buy a long call option.
B. Buy a long put option.
C. Write a covered call.
D. Write a naked call.
-
Why is it wise to write a covered call when the stock would go down?
A. so that the call option would not be exercised and you can keep the premium
B. so that you can buy the stock at a lower strike price
C. so that you can profit by selling the stock at a higher price
D. all of the above -
If you long a call, that gives you the right to buy the stock at a specific strike price.
A. True
B. False -
If you short a put, you are obligated to deliver the stock if it is called away from you.
A. True
B. False -
A stock is selling at $50. A call option on that stock has a strike price of $70. The premium is $5. What is the breakeven for this option?
A. $45
B. $55
C. $65
D. $75 -
You wrote a covered call for a stock. The stock price is $30. The stock’s premium is $10 and the strike price is $25. If the stock goes down to $20, which is unlikely to happen?
A. The option holder would exercise his option.
B. The option would expire worthless.
C. You would breakeven at the time the stock goes down to $20.
D. You would earn profit by collecting the premium.
-
You wrote a covered call with a premium of $20 for a stock trading at $100. The strike price was $100. If the stock went up to $150, which is true?
A. The option would expire worthless.
B. You could buy back the option at the market before it expires.
C. You would have the obligation to buy the stock if the option is exercised.
D. You could exercise your right to sell the stock at the strike price. -
You wrote a put with a premium of $5 on a stock selling at $40. The strike price was $40. If the stock went down to $30, what would happen?
A. The option would expire worthless.
B. You gain no profit and lose $10 per share if the option was exercised.
C. You gain no profit and lose $5 per share if the option was exercised.
D. Your maximum profit would be $5 if the option was exercised.
We hope you did well on this Series 66 Exam Lesson 36 Quiz Options pt 3
———————————
The Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.The other possible exam would be the series 65 examination.
The Series 66 exam — the NASAA Uniform Combined State Law Examination — is a North American Securities Administrators Association (NASAA) exam administered by FINRA.
The exam consists of 100 scored questions. Candidates have 150 minutes to complete the exam. In order for a candidate to pass the Series 66 Exam, he/she must correctly answer at least 73 of the 100 scored questions.
There is no prerequisite for the Series 66 examination. However, the SIE and the Series 7 examination are co-requisites to the Series 66 Examination.
What is the Series 65 Exam?
The Series 65 is another path to becoming an Investment Advisor Representative (IAR)
Sometimes called the IAR in a box
Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The NASAA, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
Again requisites for this exam are the SIE Exam and the Series 7 Exam Top Off
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 65.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 66 Exam Free Audio Lesson 13Series 66 Exam Free Audio Lesson 13 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam?Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 ExamThe Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Lesson 36 Quiz Options pt 3 2024 appeared first on Audio Lessons for the Series 65 Exam.
Series 66 Exam Lesson 35 Quiz Options pt 2This is a Series 66 Exam Lesson 35 Quiz Options pt 2: a free quiz for Series 66 Exam Lesson 34 Quiz which is covering Options part 1 . Try it and see how you do if you need help listen to the lesson over.
Series 66 Exam Lesson 35 Quiz Options pt 2This is a Series 66 Exam Lesson 35 Quiz Options pt 2. Try it and see how you do if you need help listen to the lesson over.
Questions covered include
Below are questions based on lesson 35 of the series. Choose the letter of the correct answer.
Quiz Options Part 2
Below are questions based on the previous lesson. Choose the letter of the correct answer.
To take the quiz online, click here.
-
It is the cost of an option.
A. bid price
B. ask price
C. premium
D. strike price -
The premium contains the option’s ___.
A. intrinsic value
B. time value
C. both intrinsic value and time value
D. neither intrinsic value nor time value -
This refers to the number of options that are open for trading in the market.
A. bid
B. volatility
C. open interest
D. volume -
This refers to the number of options that were sold or traded for the given day.
A. bid
B. volatility
C. open interest
D. volume
-
It refers to the amount of uncertainty or risk about the size of changes in a security’s value.
A. open interest
B. premium
C. volatility
D. volume -
Parity is when the strike price and the stock are selling at exactly the same price.
A. True
B. False -
An option is created by writing covered calls.
A. True
B. False -
Writing a covered call ___.
A. decreases open interest
B. decreases volume
C. increases open interest
D. increases volume -
If a person wrote an option (such as a covered call) and is now buying back the option, he is opening a position.
A. True
B. False -
Person A writes a covered call option and Person B buys that option. Which of the following is true?
A. Person A sells to close and Person B buys to close.
B. Person A sells to close and Person B buys to open.
C. Person A sells to open and Person B buys to close.
D. Person A sells to open and Person B buys to open. -
This is used in determining the theoretical value of an option.
A. Black-Scholes model
B. Fed model
C. Sharpe ratio
D. Sortino ratio -
It serves as an insurance to your investment portfolio.
A. covered call
B. married put
C. naked call
D. put on a put -
An option without intrinsic value always has no time value.
A. True
B. False -
A naked put is written by a person who owns the stock.
A. True
B. False -
A call option is offered on a stock. If the current price of the stock is $20 and the strike price is $15, what is the intrinsic value of the option?
A. $2.5
B. $5
C. $10
D. There is no intrinsic value in this option. -
A call option is offered on a stock. If the current price of the stock is $12 and the strike price is $10, what is the premium of the option?
A. $1
B. $2
C. $11
D. The premium of the option cannot be computed from the given facts. -
A call option is offered on a stock. The current price of the stock is $20 and the strike price is $15. The call option’s premium is $8. What is the time value of the option?
A. $2
B. $3
C. $4
D. There is no time value for this option. -
An option is selling at $6 per share and the option is for 10 shares. If you bought the option for a bid price of $5.50 per share, how much will you pay for the option for 10 shares?
A. $5.50
B. $6
C. $55
D. $60 -
If the stock is currently selling at $30 a share and you write a covered call for $40 a share, there is ___.
A. $10 in the money option
B. $10 out of the money option
C. $30 in the money option
D. $40 out of the money option -
You bought a married put with a strike price of $15. If the current price of the stock is $20, what is the intrinsic value of the option?
A. $2.5
B. $5
C. $10
D. There is no intrinsic value in this option.
We hope you did well on this Series 66 Exam Lesson 35 Quiz Options pt 2
———————————
The Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.The other possible exam would be the series 65 examination.
The Series 66 exam — the NASAA Uniform Combined State Law Examination — is a North American Securities Administrators Association (NASAA) exam administered by FINRA.
The exam consists of 100 scored questions. Candidates have 150 minutes to complete the exam. In order for a candidate to pass the Series 66 Exam, he/she must correctly answer at least 73 of the 100 scored questions.
There is no prerequisite for the Series 66 examination. However, the SIE and the Series 7 examination are co-requisites to the Series 66 Examination.
What is the Series 65 Exam?
The Series 65 is another path to becoming an Investment Advisor Representative (IAR)
Sometimes called the IAR in a box
Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The NASAA, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
Again requisites for this exam are the SIE Exam and the Series 7 Exam Top Off
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 65.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 66 Exam Free Audio Lesson 13Series 66 Exam Free Audio Lesson 13 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam?Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 ExamThe Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Lesson 35 Quiz Options pt 2 2024 appeared first on Audio Lessons for the Series 65 Exam.
Series 66 Exam Lesson 34 Options pt 1This is a Series 66 Exam Lesson 34 Options pt 1: a free quiz for Series 66 Exam Lesson 34 Quiz which is covering Options part 1 . Try it and see how you do if you need help listen to the lesson over.
Series 65 Exam Lesson 34 Options pt 1This is a Series 66 Exam Lesson 34 Options pt 1 which is Options pt. 1. Try it and see how you do if you need help listen to the lesson over.
Questions covered include
Below are questions based on the lesson 34 of the series. Choose the letter of the correct answer.
-
The oldest recorded option was about _____ getting options on the use of olive presses for a small price and charging olive growers exorbitant price for the use of those olive presses.
A. Nassim Taleb
B. Parmenides of Elea
C. Pythagoras
D. Thales of Miletus -
It gives the holder or buyer of the option the right to purchase a specific number of shares of stock.
A. call option
B. order option
C. purchase option
D. put option -
All of the following are needed in evaluating the value of an option EXCEPT ___.
A. expiration date of the option
B. interest rate
C. stock price
D. strike price -
The premium is the price paid for an option.
A. True
B. False -
Brokerage firms require same-day settlement on the options that are bought from them.
A. True
B. False -
In a call option, it is the price at which the stock can be bought.
A. option price
B. option rate
C. stock price
D. strike price -
Which of the following makes a call option valuable?
A. when the stock price is greater than the strike price after the expiration of the option
B. when the stock price is greater than the strike price before the expiration of the option
C. when the strike price is greater than the stock price after the expiration of the option
D. when the strike price is greater than the stock price before the expiration of the option -
The more time you have on the option, the more expensive the option becomes.
A. True
B. False -
In the “in the money option”, the strike price is above the current stock price.
A. True
B. False -
It is the difference between the strike price and the current stock price when the strike price is lower than the current stock price.
A. absolute value
B. intrinsic value
C. option value
D. par value
Series 66 Exam Lesson 34 Quiz Continued
-
If the stock price increases before the option expires, the intrinsic value of the option ___.
A. decreases
B. increases
C. remains constant
D. There is no direct relationship between the stock price and the intrinsic value of the option. -
It is the price paid over the intrinsic value for the time period of the option.
A. premium value
B. premium intrinsic value
C. settlement value
D. time value -
When the time value of the option declines to zero, what is left to the option at the time of expiration is its ___.
A. intrinsic value
B. par value
C. strike value
D. The time value will never decline to zero. -
It is the right to sell the stock at a specific price.
A. call feature
B. call option
C. put feature
D. put option -
In a put option, it is the price at which the stock can be sold.
A. option price
B. option rate
C. stock price
D. strike price -
If the current price of the stock in the market is $60 and it was offered in a call option at a strike price is $50, what is the intrinsic value of the option?
A. $10
B. $110
C. $5
D. $55 -
An option that has expired loses its intrinsic value.
A. True
B. False -
If you bought a call option at a premium of $18 to buy a stock at $50 that is now selling in the market at $60, how much did you pay for the time value?
A. $10
B. $18
C. $8
D. $9 -
If the current price of the stock in the market is $60 and the strike price is $50 in a put option, what is the intrinsic value of the put option?
A. $5
B. $10
C. $55
D. The put option has no intrinsic value. -
What value does an out of the money put option has?
A. intrinsic value only
B. time value only
C. both intrinsic value and time value
D. neither intrinsic value nor time value
We hope you did well on this Series 66 Lesson 22 Free Quiz
———————————
The Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.The other possible exam would be the series 65 examination.
The Series 66 exam — the NASAA Uniform Combined State Law Examination — is a North American Securities Administrators Association (NASAA) exam administered by FINRA.
The exam consists of 100 scored questions. Candidates have 150 minutes to complete the exam. In order for a candidate to pass the Series 66 Exam, he/she must correctly answer at least 73 of the 100 scored questions.
There is no prerequisite for the Series 66 examination. However, the SIE and the Series 7 examination are co-requisites to the Series 66 Examination.
What is the Series 65 Exam?
The Series 65 is another path to becoming an Investment Advisor Representative (IAR)
Sometimes called the IAR in a box
Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The NASAA, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
Again requisites for this exam are the SIE Exam and the Series 7 Exam Top Off
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 65.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 66 Exam Free Audio Lesson 13Series 66 Exam Free Audio Lesson 13 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam?Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 ExamThe Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Lesson 34 Quiz Options pt 1 2024 appeared first on Audio Lessons for the Series 65 Exam.
Series 66 Exam Lesson 22 QuizThis is a Series 66 Exam Lesson Free Quiz Series 66 Exam Lesson 22 Quiz, Series 66 Exam Lesson 22 Quiz which is covering Money Market. Try it and see how you do if you need help listen to the lesson over.
Series 66 Lesson 22 QuizThis is a Series 66 Lesson 22 Quiz which is covering Money Market. Try it and see how you do if you need help listen to the lesson over.
Questions covered include
Questions:Below are questions based on the previous lesson. Choose the letter of the correct answer.
To take the quiz online, click here.
-
Which of the following are derivative type products?
(Select all that apply.)
A. auction rate securities
B. credit default swaps
C. exchange-traded notes
D. market index-linked CDs -
The reason you would buy a credit default swap if you are a speculator is you expect the credit worthiness of a company to ___.
A. go up
B. go down
C. be constant
D. be the same as the leading index on the market -
Credit default swaps are traded ___.
A. on floors
B. on the primary market
C. on the secondary market
D. over-the-counter -
There is no limit to the number of credit default swaps that can be written on any specific position.
A. True
B. False -
It is a credit default swap used as a hedge vehicle for a position.
A. covered CDS
B. indexed CDS
C. married CDS
D. naked CDS -
It is a credit default swap for bonds that you speculate on but do not own.
A. covered CDS
B. indexed CDS
C. married CDS
D. naked CDS -
How much would you pay for a credit default swap of a $50,000 worth of bonds that has a spread of 25 basis points?
A. $125
B. $200
C. $2,000
D. $12,500 -
In a Dutch auction, a person actually puts back the bond to the issuer.
A. True
B. False -
It is the lowest rate where there are enough purchasers willing to buy all the auctionable securities at a Dutch auction.
A. auction rate
B. clearing rate
C. interest rate
D. market rate -
In a Dutch auction, the clearing rate is reset ___.
A. every 7 days
B. every 28 days
C. every 35 days
D. based on whatever is set in the offering circular or official statement
Series 66 exam lesson 22 quiz Cont
-
In a Dutch auction, bids higher than the clearing rate will be able to buy the bonds.
A. True
B. False -
Which of the following happens in the case of a failed auction?
(Select all that apply.)
A. There are so many people putting back their bonds but so few people buying them.
B. There is no enough interest that develops in the market.
C. People could not get out of their positions.
D. People hold on to their auction rate securities at the minimum yield that was put in the bond covenant. -
Which of the following are the risks in auction rate securities?
(Select all that apply.)
A. counterparty risk
B. credit risk
C. marketability risk
D. suitability risk -
Which of the following is true in a market index-linked CD?
(Select all that apply.)
A. These are CDs with a yield equivalent to a portion of an index.
B. If the market goes up, you will participate equally on how much the upside of the market is.
C. If the market goes down, you are guaranteed that your principal will not fall below par.
D. If the bank issuing the CD goes bankrupt and the CD is not federally insured, you will not get back your principal. -
If you don’t hold on to a market index-linked CD until maturity, you’re entitled to participate in its upside as long as the CD is FDIC insured.
A. True
B. False -
Which of the following are risks in a market index-linked CD?
(Select all that apply.)
A. counterparty risk
B. credit risk
C. market risk
D. principal risk -
In a market index-linked CD, you can only lose principal if the institution issuing the CD goes bankrupt.
A. True
B. False -
Which of the following are risks in an exchange-traded note?
(Select all that apply.)
A. counterparty risk
B. liquidity risk
C. market risk
D. principal risk -
Which of the following is true about exchange-traded notes and market index-linked CDs?
A. Exchange-traded notes are taxed at capital gains rate while market index-linked CDs are taxed at interest income tax rate.
B. Exchange-traded notes are taxed at interest income tax rate while market index-linked CDs are taxed at capital gains rate.
C. Both exchange-traded notes and market index-linked CDs are taxed at capital gains rate.
D. Both exchange-traded notes and market index-linked CDs are taxed at interest income tax rate. -
Which of the following is true in a reverse convertible note?
(Select all that apply.)
A. If the stock goes up, you would participate in the upside of the stock.
B. As long as the stock is trading above the knock-in price, you would get the high interest that was paid on the reverse convertible note.
C. If the stock goes down, you are guaranteed to get out at par.
D. If the financial institution issuing the note goes bankrupt, you will be a creditor of that financial institution.
We hope you did well on this Series 66 Lesson 22 Free Quiz
———————————
The Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.The other possible exam would be the series 65 examination.
The Series 66 exam — the NASAA Uniform Combined State Law Examination — is a North American Securities Administrators Association (NASAA) exam administered by FINRA.
The exam consists of 100 scored questions. Candidates have 150 minutes to complete the exam. In order for a candidate to pass the Series 66 Exam, he/she must correctly answer at least 73 of the 100 scored questions.
There is no prerequisite for the Series 66 examination. However, the SIE and the Series 7 examination are co-requisites to the Series 66 Examination.
What is the Series 65 Exam?
The Series 65 is another path to becoming an Investment Advisor Representative (IAR)
Sometimes called the IAR in a box
Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The NASAA, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
Again requisites for this exam are the SIE Exam and the Series 7 Exam Top Off
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 65.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 66 Exam Free Audio Lesson 13Series 66 Exam Free Audio Lesson 13 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam?Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 ExamThe Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Lesson 22 Credit Default Swaps, Adjustable Rate Securities and SPV’s 2024 appeared first on Audio Lessons for the Series 65 Exam.
Series 66 Exam Lesson 21 QuizThis is a Series 66 Exam Lesson Free Quiz Series 66 Exam Lesson 21 Quiz, Series 66 Exam Lesson 21 Quiz which is covering Money Market. Try it and see how you do if you need help listen to the lesson over.
Series 66 Lesson 21 QuizThis is a Series 66 Lesson 21 Quiz which is covering Money Market. Try it and see how you do if you need help listen to the lesson over.
Questions covered include
Questions:Below are questions based on the previous lesson. Choose the letter of the correct answer.
To take the quiz online, click here.
-
Which of the following is an example of a money market instrument?
A. treasury bills
B. commercial paper
C. banker’s acceptance
D. all of the above -
Money market instruments mature in ___.
A. one year or less
B. two years
C. five years
D. ten years or more -
This is the only type of banker’s acceptance that the Federal Reserve buys.
A. premium banker’s acceptance
B. primary banker’s acceptance
C. prime banker’s acceptance
D. The Federal Reserve does not accept banker’s acceptance. -
The price of repurchasing a security include a yield.
A. True
B. False -
A reverse repurchase agreement is an agreement between two parties where one party agrees to sell a block of securities to another party with the agreement that those securities will be repurchased at a later date at a specific price.
A. True
B. False -
The shortest repurchase agreement is ___.
A. twelve hours
B. overnight
C. two days
D. five days -
Which is NOT a characteristic of a repurchase agreement?
A. It has a liquidity risk.
B. It has a purchasing power risk.
C. Its interest rate can change overnight.
D. Its interest rates are very low. -
The reverse repurchase agreement is used primarily by the ___.
A. Federal Reserve
B. government agencies
C. secondary market
D. all of the above -
A reverse repurchase agreement is also called a matched sale.
A. True
B. False -
The Federal Reserve is owned by the government.
A. True
B. False -
Which of the following does the President of the United States have authority to appoint in the Federal Reserve Board?
A. chairman
B. governors
C. both the chairman and the governor
D. neither the chairman nor the governor -
The Federal Reserve having “open market operations” means ___.
A. It accepts all kinds of financial instruments.
B. It operates 24 hours a day, 7 days a week.
C. It transacts even with those people outside the member banks.
D. all of the above -
How does the Federal Reserve create liquidity in the market?
A. It buys fixed-income investments.
B. It sells collateralized debt obligations.
C. It sells fixed-income investments.
D. all of the above -
What does LIBOR stand for?
A. Leicester Internal Bureau of Reserve
B. Leicester International Bank Open Rate
C. London Interbank Offered Rate
D. London International Bank Official Rate -
These are funds which a member bank of the Federal Reserve leaves on deposit at the Federal Reserve.
A. Federal Asset
B. Federal Deposits
C. Federal Funds
D. Federal Reserve Account -
What is the Federal Fund rate?
A. the overnight rate which is the daily average of the rates of most member banks
B. the overnight rate which is the highest accounted rate of the day among the member banks
C. the overnight rate which is the rate of the day of the Federal Reserve
D. the overnight rate which is twice the rate of the day of the loaning bank -
These are dollar-denominated deposits which are held in a bank branch outside the United States.
A. Eurodollars
B. Federal Funds
C. Foreign Deposits
D. all of the above -
This is the rate for Eurodollars loaned overnight.
A. Eurodollar Overnight Rate
B. Eurodollar Standardized Rate
C. Federal Fund Rate
D. London Interbank Offered Rate -
The London Interbank Offered Rate is the average of Eurodollar loan rates of five major banks which are all located in London.
A. True
B. False -
Which of the following is NOT considered as eligible securities for the Federal Reserve to trade in its open market operations?
A. certificate of deposit
B. Fannie Mae
C. treasury bills
D. treasury notes
We hope you did well on this Series 66 Lesson 21 Free Quiz
———————————
The Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.The other possible exam would be the series 65 examination.
The Series 66 exam — the NASAA Uniform Combined State Law Examination — is a North American Securities Administrators Association (NASAA) exam administered by FINRA.
The exam consists of 100 scored questions. Candidates have 150 minutes to complete the exam. In order for a candidate to pass the Series 66 Exam, he/she must correctly answer at least 73 of the 100 scored questions.
There is no prerequisite for the Series 66 examination. However, the SIE and the Series 7 examination are co-requisites to the Series 66 Examination.
What is the Series 65 Exam?
The Series 65 is another path to becoming an Investment Advisor Representative (IAR)
Sometimes called the IAR in a box
Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The NASAA, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
Again requisites for this exam are the SIE Exam and the Series 7 Exam Top Off
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 65.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 66 Exam Free Audio Lesson 13Series 66 Exam Free Audio Lesson 13 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam?Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 ExamThe Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Lesson 21 Quiz: Money Market 2024 appeared first on Audio Lessons for the Series 65 Exam.
Series 66 Exam Lesson 23 QuizThis is a Series 66 Exam Lesson Free Quiz Series 66 Exam Lesson 23 Quiz, Series 66 Exam Lesson 23 Quiz which is covering Municipal Debt. Try it and see how you do if you need help listen to the lesson over.
Series 66 Lesson 23 QuizThis is a Series 66 Lesson 23 Quiz which is covering Municipal Debt. Try it and see how you do if you need help listen to the lesson over.
Questions covered include
Questions:Below are questions based on the previous lesson. Choose the letter of the correct answer.
To take the quiz online, click here.
-
Which is NOT a characteristic of municipal bonds?
A. They are issued by the states, local government, and political subdivisions.
B. They are issued in fully registered or book-entry forms.
C. They do not obtain legal opinion when they are issued.
D. All of the above are characteristics of municipal bonds. -
How are municipal bonds issued today?
A. They are issued as bearer bonds.
B. They are issued as serial bonds.
C. They are issued both as bearer bonds and serial bonds.
D. They are issued neither as bearer bonds nor serial bonds. -
The interest on qualified municipal bonds are always exempted from federal tax.
A. True
B. False -
It is done by a bond counsel who examines the issue to determine if the municipal bond is legally binding on the issuer and that the interest is exempt from federal tax under the current law.
A. constitutional limiting
B. feasibility study
C. legal opinion
D. trust indenture
-
A bond counsel giving a qualified legal opinion says that there may be problems with the issue of the municipal bond such as the exemption from federal tax.
A. True
B. False -
Which of the following is a municipal bond?
A. moral obligation bond
B. special assessment bond
C. industrial development bond
D. all of the above -
Which of the following does NOT secure a special tax bond?
A. ad valorem tax
B. cigarette tax
C. gasoline tax
D. liquor tax -
The issuance of this bond is backed up by a revenue source (other than an ad valorem tax or property tax) and by the full faith and credit of the taxing authority.
A. double-barreled bond
B. general obligation bond
C. limited tax bond
D. Public Housing Authority bond -
Short-term municipal notes have a life of less than twelve months up to three years.
A. True
B. False -
These notes are issued at the end of the year and the taxes received at the beginning of the year will be used to pay off the issued notes.
A. grant anticipation notes
B. revenue anticipation notes
C. tax anticipation notes
D. tax exempt commercial paper -
Step up or step down variable interest notes have interest rate that goes up or down and keeps the value of the bond basically at par.
A. True
B. False -
Which of the following does NOT contribute to a state’s income?
A. income tax
B. real property tax
C. sales tax
D. All of the above contribute to a state’s income. -
Which of the following is NOT a characteristic of a general obligation bond?
A. It carries the full faith and credit of the issuing municipality.
B. It carries the highest ratings and therefore the highest yield.
C. It is serviced by ad valorem taxes.
D. All of the above are characteristics of a general obligation bond.
-
Which of the following is NOT a revenue bond?
A. hospital bond
B. sewer bond
C. special assessment bond
D. water bond -
These are used for the protection of the investor in the bonds.
A. deed covenant
B. nondiscrimination covenant
C. protective covenant
D. revenue pledge covenant -
The element of a municipal bond that allows, but not obliges, the issuer to call the bonds usually after a certain date.
A. call feature
B. mandatory redemption provision
C. optional redemption provision
D. refund feature -
Which insurance company insure municipal bond debt?
A. American Municipal Bond Assurance Corporation (AMBAC)
B. Financial Guarantee Insurance Corporation (FGIC)
C. Municipal Bond Insurance Association Corporation (MBIA)
D. all of the above
-
A negative carry happens when the interest rate on the money borrowed to buy municipal bonds is less than the interest rate earned.
A. True
B. False -
When a municipality sets its ___, it cannot issue additional general obligation bonds except by the majority approval of a public referendum.
A. constitutional limit
B. municipal limit
C. state limit
D. statutory limit -
In order to issue a revenue bond, this is conducted to see if the projected revenues, the cost of the project, and whether the projected revenues are going to be able pay off the debt that will be issued.
A. bond counseling
B. feasibility study
C. revenue anticipation
D. special assessment
We hope you did well on this Series 66 Lesson 23 Free Quiz
———————————
The Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.The other possible exam would be the series 65 examination.
The Series 66 exam — the NASAA Uniform Combined State Law Examination — is a North American Securities Administrators Association (NASAA) exam administered by FINRA.
The exam consists of 100 scored questions. Candidates have 150 minutes to complete the exam. In order for a candidate to pass the Series 66 Exam, he/she must correctly answer at least 73 of the 100 scored questions.
There is no prerequisite for the Series 66 examination. However, the SIE and the Series 7 examination are co-requisites to the Series 66 Examination.
What is the Series 65 Exam?
The Series 65 is another path to becoming an Investment Advisor Representative (IAR)
Sometimes called the IAR in a box
Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The NASAA, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
Again requisites for this exam are the SIE Exam and the Series 7 Exam Top Off
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 65.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 66 Exam Free Audio Lesson 13Series 66 Exam Free Audio Lesson 13 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam?Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 ExamThe Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Lesson 23 Quiz: Municipal Debt 2024 appeared first on Audio Lessons for the Series 65 Exam.
Series 66 Exam Lesson 19 QuizThis is a Series 66 Exam Lesson Free Quizz Series 66 Exam Lesson 19 Quiz, Series 66 Exam Lesson 19 Quiz which is covering Fixed Income 1. Try it and see how you do if you need help listen to the lesson over.
Series 66 Lesson 19 QuizThis is a Series 66 Lesson 19 Quiz which is covering Fixed Income 1. Try it and see how you do if you need help listen to the lesson over.
Questions covered include
Questions:1. Which of the following is the correct set of government bills in order of increasing length in which they are set?
A. bills, notes, bonds
B. notes, bonds, bills
C. bonds, notes, bills
D. All of the above government bills have equal duration in which they are set.
-
Which of the following is NOT a US government sponsored entity?
A. Fannie Mae
B. Freddie Mac
C. Ginnie Mae
D. Sallie Mac -
A call feature is a compulsory redemption of the bond at a specific price.
A. True
B. False -
A call protection period is _____.
A. a period of time which protects the bond holder from an increase in the interest rate
B. a period of time which protects the bond holder from a decrease in the dividend
C. a period of time which protects the bond holder from a call from the issuer
D. a period of time which protects the bond holder from a call from the transfer agent -
It is best to quote a bond to a client in the most conservative yield.
A. True
B. False -
It is the right of the bond holder to redeem the bond from the issuer on a specific date.
A. call feature
B. put feature
C. tending feature
D. refund feature -
US treasury bonds are quoted in ___.
A. eighths
B. sixteenths
C. thirty-seconds
D. sixty-fourths -
Corporate bonds are quoted in ___.
A. eighths
B. sixteenths
C. thirty-seconds
D. sixty-fourths -
Bonds that trade flat are bonds without accrued interest.
A. True
B. False -
Which of the following is a bond that trade flat?
A. defaulted bond
B. commercial paper
C. zero coupon bond
D. all of the above
Series 66 Exam Lesson 19 Quiz: Fixed Income 2: Continued11. A basis point is 10th of a percentage point.
A. True
B. False
-
In calculating the price of a serial bond, the following are needed EXCEPT ___.
A. call date
B. maturity date
C. settlement date
D. yield basis quote -
In corporate bonds, in the event of dissolution, which of the following is the correct set of obligation in order of decreasing priority?
A. preferred stockholders secured creditors debentures unpaid wages, taxes, trade creditors
B. secured creditors preferred stockholders debentures unpaid wages, taxes, trade creditors
C. secured creditors unpaid wages, taxes, trade creditors debentures preferred stockholders
D. unpaid wages, taxes, trade creditors debentures secured creditors preferred stockholders -
The Trust Indenture Act of 1939 includes which of the following?
A. the terms of the issuance of bond
B. specific protections for the bondholders
C. important information for the full disclosure of the terms of that bond offering
D. all of the above -
All of the following are secured debts EXCEPT ___.
A. debentures
B. equipment trust certificates
C. mortgage bonds
D. All of the above are secured debts. -
Which of the following is NOT a characteristic of a commercial paper?
A. It is registered in the Securities and Exchange Commission.
B. It is usually in very large denominations.
C. It is usually issued at a discount.
D. Its maturity does not exceed 270 days. -
It gives the bond holder the option of converting his debt in common stock at a set conversion ratio.
A. collateral trust certificates
B. convertible corporate debt
C. direct paper
D. income bonds -
Why would a bond be called by the issuer?
A. to convert the bond into common stock
B. to exchange the bond for another bond
C. to make interest payments tax deductible
D. to put a ceiling price on the bond if the interest rates go down -
When the bond and stock are trading at equivalent values and there’s no theoretical reason for conversion or non-conversion, there is parity.
A. True
B. False -
When stocks rise above parity, corporate treasures may force the conversion of the debt into equity by ___.
A. calling the bond
B. tending offer
C. refunding the bond
D. all of the above
We hope you did well on this Series 66 Lesson 19 Free Quiz
———————————
The Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.The other possible exam would be the series 65 examination.
The Series 66 exam — the NASAA Uniform Combined State Law Examination — is a North American Securities Administrators Association (NASAA) exam administered by FINRA.
The exam consists of 100 scored questions. Candidates have 150 minutes to complete the exam. In order for a candidate to pass the Series 66 Exam, he/she must correctly answer at least 73 of the 100 scored questions.
There is no prerequisite for the Series 66 examination. However, the SIE and the Series 7 examination are co-requisites to the Series 66 Examination.
What is the Series 65 Exam?
The Series 65 is another path to becoming an Investment Advisor Representative (IAR)
Sometimes called the IAR in a box
Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The NASAA, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
Again requisites for this exam are the SIE Exam and the Series 7 Exam Top Off
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 65.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 66 Exam Free Audio Lesson 13Series 66 Exam Free Audio Lesson 13 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam?Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 ExamThe Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Lesson 19 Quiz: Fixed Income 2 2024 appeared first on Audio Lessons for the Series 65 Exam.
Series 66 Exam Lesson 18 QuizThis is a Series 66 Exam Lesson Free Quizz Series 66 Exam Lesson 18 Quiz, Series 66 Exam Lesson 18 Quiz which is covering Fixed Income 1. Try it and see how you do if you need help listen to the lesson over.
Series 66 Lesson 18 QuizThis is a Series 66 Lesson 18 Quiz which is covering Fixed Income 1. Try it and see how you do if you need help listen to the lesson over.
Questions covered include
Questions:1. Which of the following is an example of a fixed income investment?
A. bond
B. government note
C. collateralized mortgage obligations
D. all of the above
-
In fixed income investments, the par value ___.
A. is greater than the maturity value
B. is less than the maturity value
C. is equal to the maturity value
D. varies with the maturity value but with no general trend -
Maturity value is the value the investor gets when his fixed income investment matures.
A. True
B. False -
This is the date when the investor gets back the par value of his fixed income investment.
A. call date
B. declaration date
C. maturity date
D. payable date -
Fixed income investments have stated interest rates except for ___.
A. serial bonds
B. series bonds
C. term bonds
D. zero coupon bonds -
US government bonds have no call features.
A. True
B. False -
Sinking funds are ___.
A. bonds that have depreciated its par value
B. a portion of money set aside every year to buy back the issued bonds
C. the difference between the bond’s par value and the yield of maturity
D. all of the above -
Which of the following is associated with collateralized mortgage obligations?
A. Ginnie Mae
B. government bill
C. sinking funds
D. all of the above -
These bonds are bought at a discount and mature at par value.
A. serial bonds
B. series bonds
C. term bonds
D. zero coupon bonds
- These are bonds that have varying maturity dates that carry different interest rates.
A. serial bonds
B. series bonds
C. term bonds
D. zero coupon bonds
Series 66 Exam Lesson 18 Quiz: Fixed Income 1: Continued11. Which of the following does a zero coupon bond have?
A. interest rate
B. interest payment date
C. discount
D. all of the above
-
Which of the following does a term bond have?
A. interest rate
B. interest payment date
C. maturity date
D. all of the above -
In a zero coupon bond, the difference between the value of the bond when it is bought and the value of the bond when it matures is the calculated yield.
A. True
B. False -
Serial bonds are issued in a series of steps according to the cash needs of the issuer.
A. True
B. False -
In the normal yield curve environment, ___.
A. the shorter the maturity on a fixed income investment, the lower the par value
B. the shorter the maturity on a fixed income investment, the higher the par value
C. the shorter the maturity on a fixed income investment, the lower the yield
D. the shorter the maturity on a fixed income investment, the higher the yield -
In an inverted yield curve, ___.
A. the shorter the maturity on a fixed income investment, the lower the par value
B. the shorter the maturity on a fixed income investment, the higher the par value
C. the shorter the maturity on a fixed income investment, the lower the yield
D. the shorter the maturity on a fixed income investment, the higher the yield -
When buying a discounted bond in the secondary market, which of the following is the correct set of yield in order of increasing value?
A. coupon yield, current yield, yield to maturity
B. yield to maturity, coupon yield, current yield
C. current yield, coupon yield, yield to maturity
D. All of the three yields would have equal value.
- When buying a bond at par, which of the following is the correct set of yield in order of increasing value?
A. coupon yield, current yield, yield to maturity
B. yield to maturity, coupon yield, current yield
C. current yield, coupon yield, yield to maturity
D. All of the three yields would have equal value.
-
Bond accretion is the devaluation of the bond at par when the bond was bought at premium.
A. True
B. False -
In a tax exempt bond at a premium, the amortized portion of the premium is deducted from the income of the buyer of the bond.
A. True
B. False
We hope you did well on this Series 66 Lesson 18 Free Quiz
———————————
The Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.The other possible exam would be the series 65 examination.
The Series 66 exam — the NASAA Uniform Combined State Law Examination — is a North American Securities Administrators Association (NASAA) exam administered by FINRA.
The exam consists of 100 scored questions. Candidates have 150 minutes to complete the exam. In order for a candidate to pass the Series 66 Exam, he/she must correctly answer at least 73 of the 100 scored questions.
There is no prerequisite for the Series 66 examination. However, the SIE and the Series 7 examination are co-requisites to the Series 66 Examination.
What is the Series 65 Exam?
The Series 65 is another path to becoming an Investment Advisor Representative (IAR)
Sometimes called the IAR in a box
Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The NASAA, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
Again requisites for this exam are the SIE Exam and the Series 7 Exam Top Off
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 65.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 66 Exam Free Audio Lesson 13Series 66 Exam Free Audio Lesson 13 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam?Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 ExamThe Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Lesson 18 Quiz: Fixed Income 1 2024 appeared first on Audio Lessons for the Series 65 Exam.
Series 66 Exam Lesson 17 QuizThis is a Series 66 Exam Lesson Free Quizz Series 66 Exam Lesson 17 Quiz, Series 66 Exam Lesson 17 Quiz which is covering Preferred Stocks. Try it and see how you do if you need help listen to the lesson over.
Series 66 Lesson 17 QuizThis is a Series 66 Lesson 17 Quiz which is covering Special Securities. Try it and see how you do if you need help listen to the lesson over.
Questions covered include
Questions:1. These are rights to purchase stock at specific prices that are long-term in nature.
A. purchasing rights
B. preemptive rights
C. option rights
D. warrants
-
To which of the following can warrants be attached to?
A. sale of a common stock
B. sale of a preferred stock
C. sale of a bond
D. all of the above -
Warrants can be traded but they should be traded along with the stock or bond that comes with them.
A. True
B. False -
The value of the warrant is based on the ___ that it is tied to.
A. stock
B. dividend of the stock
C. interest rate of the stock
D. par value of the stock -
Warrants allow trading foreign stocks on the US markets.
A. True
B. False -
Rights to buy a new stock come about as a result of ___.
A. preemptive rights
B. purchasing rights
C. voting rights
D. warrants -
How are warrants and rights similar?
A. Both warrants and rights are traded separately from the stock that they are attached to.
B. They both serve as enticement to buy stocks.
C. They are both special securities.
D. all of the above -
How are warrants and rights different?
A. Warrants are short term in nature while rights are long term in nature.
B. Warrants are long term in nature while rights are short term in nature.
C. Warrants are attached to stocks while rights are not attached to stocks.
D. Rights are attached to stocks while warrants are not attached to stocks. -
The warrant can be exercised immediately after the issuance of the bond or stock that is attached to it.
A. True
B. False -
All warrants have expiration dates.
A. True
B. False
Series 66 Exam Lesson 17 Quiz: Special Securities Continued11. Why would companies issue warrants?
A. It would lower their tax.
B. It would increase the stock price at the secondary market.
C. It would increase their ability to issue a secondary offering of stocks at a slightly higher price.
D. all of the above
-
In order for a warrant to have an intrinsic value, ___.
A. The warrant must have a price equal to the price of the stock it is attached to.
B. The warrant must have a price higher than the price of the stock it is attached to.
C. The warrant must have a price lower than the price of the stock it is attached to.
D. The warrant must have a constant price regardless of the price of the stock it is attached to. -
This is a negotiable security that represents securities of a non-U.S. company that trades in the U.S. financial markets.
A. bond
B. right
C. ADR
D. warrant -
What does ADR stand for?
A. American Dividend Receipts
B. American Differential Receipts
C. American Development Receipts
D. American Depository Receipts -
The dividends of the ADR are paid ___.
A. in US currency only
B. only in the currency of the country of the investor who bought the ADR
C. in either US currency or the investor’s country currency, whichever has the lower dividend after currency conversion
D. in any currency that the bank offers where the dividend is claimed -
Non-sponsored ADRs are assembled by banks and brokers without the participation of the issuer of the stock.
A. True
B. False -
How does the sponsored ADRs and non-sponsored ADRs differ?
A. Issuers of sponsored ADRs does not work with the bank or the broker in creating ADRs while issuers of non-sponsored ADRs work with the bank or the broker in creating ADRs.
B. Issuers of sponsored ADRs must provide annual and quarterly reports in English to the holders of the ADR while this is not required for the issuers of non-sponsored ADRs.
C. Holders of sponsored ADRs have voting and preemptive rights while holders of non-sponsored ADRs do not have voting and preemptive rights.
D. all of the above -
What are the risks in ADRs?
A. currency risk
B. market risk
C. stock ownership risk
D. all of the above -
How are foreign taxes handled in ADRs?
A. Foreign taxes reduce depending on the total value of warrant attached to the ADR.
B. Foreign taxes increase depending on the total value of warrant attached to the ADR.
C. The tax withheld can be reclaimed by the ADR holders as a credit when paying their US taxes.
D. The tax withheld can be reclaimed by the ADR holders as a debit when paying their US taxes. -
What is the advantage of using ADRs?
A. Non-American companies using ADRs have liquidity in the US stock market.
B. Non-American companies using ADRs are not registered in the United States and therefore exempted from the reporting rules by the Securities and Exchange Commission.
C. Using ADRs instead of common stocks reduces time and cost.
D. all of the above
We hope you did well on this Series 66 Lesson 17 Free Quiz
———————————
The Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.The other possible exam would be the series 65 examination.
The Series 66 exam — the NASAA Uniform Combined State Law Examination — is a North American Securities Administrators Association (NASAA) exam administered by FINRA.
The exam consists of 100 scored questions. Candidates have 150 minutes to complete the exam. In order for a candidate to pass the Series 66 Exam, he/she must correctly answer at least 73 of the 100 scored questions.
There is no prerequisite for the Series 66 examination. However, the SIE and the Series 7 examination are co-requisites to the Series 66 Examination.
What is the Series 65 Exam?
The Series 65 is another path to becoming an Investment Advisor Representative (IAR)
Sometimes called the IAR in a box
Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The NASAA, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
Again requisites for this exam are the SIE Exam and the Series 7 Exam Top Off
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 65.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 66 Exam Free Audio Lesson 13Series 66 Exam Free Audio Lesson 13 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam?Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 ExamThe Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Lesson 17 Quiz: Special Securities 2024 appeared first on Audio Lessons for the Series 65 Exam.
Series 66 Exam Lesson 29 Annuities QuizThis is a Series 66 Exam Lesson 29 Annuities Quiz: a free quiz for Series 66 Exam Lesson 29 Annuities Quiz which is covering the Unit Investment Trust . Try it and see how you do if you need help listen to the lesson over.
Series 66 Exam Lesson 29 Annuities QuizThis is a Series 66 Exam Lesson 29 Annuities Quiz. Try it and see how you do if you need help listen to the lesson over.
Questions covered include
1. It is a contract wherein the buyer make payments and after some time, the insurance company will make a series of payments back to the buyer.
A. annuity contract
B. bond contract
C. option contract
D. variable contract
-
Which of the following is NOT true regarding the selling of an annuity contract?
A. The seller of an annuity contract has to have an insurance license.
B. The insurance license for selling an annuity contract is regulated at the national level.
C. The insurance license for selling an annuity contract is issued by the state.
D. All of the above are true regarding the selling of an annuity contract. -
The earnings on the accumulated funds in an annuity grow tax-deferred.
A. True
B. False -
Annuity contracts are sold by investment advisors.
A. True
B. False -
Insurance company accounting is quite different from generally accepted accounting principles.
A. True
B. False -
Which is the correct formula for a combined ratio?
A. (earned premiums – insured losses) ÷ expense of the company
B. (insured losses + expense of the company) ÷ earned premiums
C. earned premiums ÷ (insured losses + expense of the company)
D. expense of the company ÷ (earned premiums – insured losses) -
An insurance company had an insurance losses of $10 million, expenses of $3.5 million, and an earned premium of $9 million. What is the combined ratio?
A. 29%
B. 67%
C. 150%
D. 350% -
An insurance company is paying out more money than it earns when the combined ratio is ___.
A. a negative percentage
B. above 100%
C. below 100%
D. equal to 100% -
Which of the following is true about a long tail business?
A. It happens when insurance premiums are collected over the years while it takes a long time before a claim arrives (e.g. medical malpractice insurance).
B. It happens when the combined ratio is greater than 100%.
C. It happens when the interest rates are low causing a higher investment income.
D. It happens when there is an investment profit that is not calculated in the combined ratio. -
In a variable annuity, the insurance company guarantees the annuitant a specific rate of return on his investment over a certain period of time.
A. True
B. False -
In a fixed annuity, if interest rates are low, the offer of the insurance company would be ___.
A. high
B. low
C. fixed regardless of the interest rates
D. The offer of the insurance company may vary but is independent from the interest rate. -
In calculating how much a life annuity is going to pay an annuitant, an insurance company takes into consideration the annuitant’s ___.
(Select all that apply.)
A. age
B. financial status
C. gender
D. health -
It is an annuity wherein a beneficiary could still receive the monthly payments even if the owner of the annuity has already died.
A. joint and last survivor annuity
B. life annuity
C. life annuity with a period certain
D. unit refund life annuity -
Which of the following is true about joint and last survivor annuity? (Select all that apply.)
A. It would pay the annuitant until he dies.
B. It would pay the annuitant’s spouse until the spouse dies.
C. It would pay the annuitant’s children until the last child dies.
D. It would pay the annuitant’s estate until a certain period of time. -
In a unit refund life annuity, if the annuitant and the beneficiary dies before receiving the total investment back, the annuitant’s estate gets a refund of ___.
A. half the remaining investment value of the contract
B. quarter of the remaining investment value of the contract
C. the remaining investment value of the contract
D. twice the remaining investment value of the contract -
Which of the following is true in an annuity that pays for a specified period of time?
(Select all that apply.)
A. If the annuitant dies before the specified period of time is up, the annuity continues paying the beneficiaries.
B. If the annuitant dies before the specified period of time, the annuity does not pay the beneficiaries.
C. If the annuitant lives longer than the specified period of time, the annuity continues paying the annuitant.
D. If the annuitant lives longer than the specified period of time, the annuity stops paying the annuitant. -
In a variable annuity, which of the following is allowed as a choice of investment?
A. large capital investment
B. small capital investment
C. utility fund investment
D. all of the above -
The rate of return on a variable annuity product is determined by ___.
A. interest rate offers
B. the amount of premium collected
C. the combined ratio
D. the investment performance held in the annuity contract -
With installments for a designated amount in a variable annuity, the annuitant receives a specific dollar amount until the principal expires.
A. True
B. False -
Which of the following is true about a combined fixed and variable annuity?
(Select all that apply.)
A. The annuitant could change the amount of payment he wants to receive monthly through the duration of the contract.
B. The annuitant might take a portion of his annuity in a lump sum and buy a fixed annuity with that money.
C. The annuitant would get a fixed return on the immediate fixed annuity.
D. The annuitant would get a variable return on the remaining portion of the variable annuity.
Series 66 Exam Lesson 29 Annuities Quiz
We hope you did well on this
———————————
The Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.The other possible exam would be the series 65 examination.
The Series 66 exam — the NASAA Uniform Combined State Law Examination — is a North American Securities Administrators Association (NASAA) exam administered by FINRA.
The exam consists of 100 scored questions. Candidates have 150 minutes to complete the exam. In order for a candidate to pass the Series 66 Exam, he/she must correctly answer at least 73 of the 100 scored questions.
There is no prerequisite for the Series 66 examination. However, the SIE and the Series 7 examination are co-requisites to the Series 66 Examination.
What is the Series 65 Exam?
The Series 65 is another path to becoming an Investment Advisor Representative (IAR)
Sometimes called the IAR in a box
Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The NASAA, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
Again requisites for this exam are the SIE Exam and the Series 7 Exam Top Off
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 65.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 66 Exam Free Audio Lesson 13Series 66 Exam Free Audio Lesson 13 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam?Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 ExamThe Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Lesson 29 Annuities Quiz 2024 appeared first on Audio Lessons for the Series 65 Exam.
Series 66 Exam Lesson 16 QuizThis is a Series 66 Exam Lesson Free Quizz Series 66 Exam Lesson 16 Quiz, Series 66 Exam Lesson 16 Quiz which is covering Preferred Stocks. Try it and see how you do if you need help listen to the lesson over.
Series 66 Lesson 16 QuizThis is a Series 66 Lesson 16 Quiz which is covering Preferred Stocks. Try it and see how you do if you need help listen to the lesson over.
Questions covered include
Questions:1. In which of the following sections of the balance sheet is the common stock placed?
A. asset
B. equity
C. liability
D. revenue
-
A common stockholder owns a portion of the company.
A. True
B. False -
Which of the following can issue common stock?
A. corporations
B. investment companies
C. both corporations and investment companies
D. neither corporations nor investment companies -
A no par stock means ___.
A. the stock does not have voting rights
B. the stock does not receive dividends
C. the stock has a negligible or very low par value
D. the stock has no intrinsic value -
Why do stocks have low par value?
A. A low par value allows more people to buy stocks and therefore increasing the company’s equity.
B. Lowering the par value also lowers the tax of the corporation.
C. The low par value ensures that the corporation issues only a sustainable amount of stock.
D. The New York Stock Exchange rules does not allow high par value. -
These are shares that have been sold and then bought back by the company.
A. authorized shares
B. issued shares
C. outstanding shares
D. treasury shares -
Which of the following is not included when computing for a company’s earnings per share?
A. authorized shares
B. issued shares
C. outstanding shares
D. treasury shares -
The ___ handles the transfer of stock from an old stockholder to a new one.
A. bookkeeper
B. registrar
C. rights agent
D. transfer agent -
Which of the following is true about the rights of a stockholder?
(Select all that apply.)
A. A stockholder has the right to vote at the company’s annual meeting.
B. The amount of votes that a stockholder has is determined by the number of shares he owns.
C. The stockholder has the right to buy shares of stock before they are offered to somebody else at the issue price.
D. The stockholder’s liability is limited to the value of his stocks.
Series 66 Exam Lesson 16 Quiz: Preferred Stock Continued:10. According to the New York Stock Exchange rules, which of the following does NOT require a stockholder vote?
A. clearance of a stock split
B. declaration of a reverse stock split
C. issuance of convertible bonds
D. purchase of treasury stock
-
Under the New York Stock Exchange rules, a stock dividend can be made by the decision of the Board of Directors as long as the stock dividend is less than ___.
A. 10%
B. 15%
C. 20%
D. 25% -
Only those stockholders present at the annual meeting can vote.
A. True
B. False -
A stockholder can change his vote on his proxy statement if he attends the annual meeting.
A. True
B. False -
Which of the following does NOT allow different classes of common stock?
A. American Stock Exchange
B. NASDAQ
C. New York Stock Exchange
D. All stock exchanges allow for different classes of common stock. -
According to the Securities Act of ___, a common stockholder has the right to inspect the record book of stockholders.
A. 1933
B. 1934
C. 1943
D. 1944 -
Which of the following are negotiable securities according to the New York Stock Exchange rules?
A. certificates of deposit
B. mutual funds
C. savings bond
D. transfer of ownership -
A stockholder is not allowed to sell his right to buy a stock.
A. True
B. False -
In the event of a corporate dissolution or bankruptcy, a common stockholder has the right to the corporate assets.
A. True
B. False -
The normal settlement states that you need to own the stock and be an owner of record at least ___ business days before the record date in order to be a stockholder of record.
A. one
B. two
C. three
D. four -
This is the right of a shareholder to maintain his proportionate ownership in a corporation.
A. cum right
B. ex-right
C. preemptive right
D. rights offering
We hope you did well on this Series 66 Lesson 15 Free Quiz
———————————
The Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.The other possible exam would be the series 65 examination.
The Series 66 exam — the NASAA Uniform Combined State Law Examination — is a North American Securities Administrators Association (NASAA) exam administered by FINRA.
The exam consists of 100 scored questions. Candidates have 150 minutes to complete the exam. In order for a candidate to pass the Series 66 Exam, he/she must correctly answer at least 73 of the 100 scored questions.
There is no prerequisite for the Series 66 examination. However, the SIE and the Series 7 examination are co-requisites to the Series 66 Examination.
What is the Series 65 Exam?
The Series 65 is another path to becoming an Investment Advisor Representative (IAR)
Sometimes called the IAR in a box
Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The NASAA, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
Again requisites for this exam are the SIE Exam and the Series 7 Exam Top Off
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 65.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 66 Exam Free Audio Lesson 13Series 66 Exam Free Audio Lesson 13 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam?Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 ExamThe Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Lesson 16 Quiz: Preferred Stock 2024 appeared first on Audio Lessons for the Series 65 Exam.
Series 66 Exam Lesson 15 Free Quiz
This is a Series 66 Exam Lesson 15 Free Quiz which is covering Common Stocks. Try it and see how you do if you need help listen to the lesson over.
Series 66 Lesson 15 Free QuizThis is a Series 66 Lesson 15 Free Quiz which is covering Common Stocks. Try it and see how you do if you need help listen to the lesson over.
Questions covered include
1. In which of the following sections of the balance sheet is the common stock placed?
A. asset
B. equity
C. liability
D. revenue
-
A common stockholder owns a portion of the company.
A. True
B. False -
Which of the following can issue common stock?
A. corporations
B. investment companies
C. both corporations and investment companies
D. neither corporations nor investment companies -
A no par stock means ___.
A. the stock does not have voting rights
B. the stock does not receive dividends
C. the stock has a negligible or very low par value
D. the stock has no intrinsic value -
Why do stocks have low par value?
A. A low par value allows more people to buy stocks and therefore increasing the company’s equity.
B. Lowering the par value also lowers the tax of the corporation.
C. The low par value ensures that the corporation issues only a sustainable amount of stock.
D. The New York Stock Exchange rules does not allow high par value. -
These are shares that have been sold and then bought back by the company.
A. authorized shares
B. issued shares
C. outstanding shares
D. treasury shares -
Which of the following is not included when computing for a company’s earnings per share?
A. authorized shares
B. issued shares
C. outstanding shares
D. treasury shares -
The ___ handles the transfer of stock from an old stockholder to a new one.
A. bookkeeper
B. registrar
C. rights agent
D. transfer agent -
Which of the following is true about the rights of a stockholder?
(Select all that apply.)
A. A stockholder has the right to vote at the company’s annual meeting.
B. The amount of votes that a stockholder has is determined by the number of shares he owns.
C. The stockholder has the right to buy shares of stock before they are offered to somebody else at the issue price.
D. The stockholder’s liability is limited to the value of his stocks.
Series 66 Lesson 15 Free Quiz Continued:10. According to the New York Stock Exchange rules, which of the following does NOT require a stockholder vote?
A. clearance of a stock split
B. declaration of a reverse stock split
C. issuance of convertible bonds
D. purchase of treasury stock
-
Under the New York Stock Exchange rules, a stock dividend can be made by the decision of the Board of Directors as long as the stock dividend is less than ___.
A. 10%
B. 15%
C. 20%
D. 25% -
Only those stockholders present at the annual meeting can vote.
A. True
B. False -
A stockholder can change his vote on his proxy statement if he attends the annual meeting.
A. True
B. False -
Which of the following does NOT allow different classes of common stock?
A. American Stock Exchange
B. NASDAQ
C. New York Stock Exchange
D. All stock exchanges allow for different classes of common stock. -
According to the Securities Act of ___, a common stockholder has the right to inspect the record book of stockholders.
A. 1933
B. 1934
C. 1943
D. 1944 -
Which of the following are negotiable securities according to the New York Stock Exchange rules?
A. certificates of deposit
B. mutual funds
C. savings bond
D. transfer of ownership -
A stockholder is not allowed to sell his right to buy a stock.
A. True
B. False -
In the event of a corporate dissolution or bankruptcy, a common stockholder has the right to the corporate assets.
A. True
B. False -
The normal settlement states that you need to own the stock and be an owner of record at least ___ business days before the record date in order to be a stockholder of record.
A. one
B. two
C. three
D. four -
This is the right of a shareholder to maintain his proportionate ownership in a corporation.
A. cum right
B. ex-right
C. preemptive right
D. rights offering
We hope you did well on this Series 66 Lesson 15 Free Quiz
———————————
The Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.The other possible exam would be the series 65 examination.
The Series 66 exam — the NASAA Uniform Combined State Law Examination — is a North American Securities Administrators Association (NASAA) exam administered by FINRA.
The exam consists of 100 scored questions. Candidates have 150 minutes to complete the exam. In order for a candidate to pass the Series 66 Exam, he/she must correctly answer at least 73 of the 100 scored questions.
There is no prerequisite for the Series 66 examination. However, the SIE and the Series 7 examination are co-requisites to the Series 66 Examination.
What is the Series 65 Exam?
The Series 65 is another path to becoming an Investment Advisor Representative (IAR)
Sometimes called the IAR in a box
Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The NASAA, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
Again requisites for this exam are the SIE Exam and the Series 7 Exam Top Off
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 65.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 66 Exam Free Audio Lesson 13Series 66 Exam Free Audio Lesson 13 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam?Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 ExamThe Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Lesson 15 Free Quiz: Common Stock 2024 appeared first on Audio Lessons for the Series 65 Exam.
Series 66 Exam Free Audio Lesson 12Series 66 Exam Free Audio Lesson 12 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam?Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 ExamThe Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Free Audio Lesson 12 2024 appeared first on Audio Lessons for the Series 65 Exam.
Series 66 Exam Free Audio Lesson 11Series 66 Exam Free Audio Lesson 11 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam?Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 ExamThe Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Free Audio Lesson 11 2024 appeared first on Audio Lessons for the Series 65 Exam.
Series 66 Exam Free Audio Lesson 10Series 66 Exam Free Audio Lesson 10 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam?Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 ExamThe Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Free Audio Lesson 10 2024 appeared first on Audio Lessons for the Series 65 Exam.
Series 66 Exam Free Audio Lesson 10Series 66 Exam Free Audio Lesson 10 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam?Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 ExamThe Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Free Audio Lesson 10 2024 appeared first on Audio Lessons for the Series 65 Exam.
Series 66 Exam Free Audio Lesson 9Series 66 Exam Free Audio Lesson 9 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam?Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 ExamThe Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Free Audio Lesson 9 2024 appeared first on Audio Lessons for the Series 65 Exam.
Series 66 Exam Free Audio Lesson 8Series 66 Exam Free Audio Lesson 8 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam?Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 ExamThe Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Free Audio Lesson 8 2024 appeared first on Audio Lessons for the Series 65 Exam.
Series 66 Exam Free Audio Lesson 6Series 66 Exam Free Audio Lesson 6 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam?Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 ExamThe Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Free Audio Lesson 6 appeared first on Audio Lessons for the Series 65 Exam.
Series 66 Exam Free Audio Lesson 7Series 66 Exam Free Audio Lesson 7 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam?Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 ExamThe Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Free Audio Lesson 7 2024 appeared first on Audio Lessons for the Series 65 Exam.
Series 66 Exam Free Audio Lesson 5Series 66 Exam Free Audio Lesson 5 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam?Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 ExamThe Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Free Audio Lesson 5 2024 appeared first on Audio Lessons for the Series 65 Exam.
Series 66 Exam Lesson 58 Sarbanes-Oxley Act Quiz
This is a Series 66 Exam Lesson 58 Sarbanes-Oxley Act Quiz: a free quiz for Series 66 Exam Lesson 58 Sarbanes-Oxley Act . Try it and see how you do if you need help listen the lesson over.
Series 66 Exam Lesson 58 Sarbanes-Oxley Act QuizSeries 66 Exam Lesson 58 Sarbanes-Oxley Act Quiz is covering the Annuities information you need to understand for the Series 66 Exam
Below are questions based on Series 66 Exam Lesson 58 Sarbanes-Oxley Act lesson of the series. Choose the letter of the correct answer.Series 66 Exam Lesson 58 Sarbanes-Oxley Act Quiz
Questions covered include
1. The Uniform Securities Agent State Law Examination is also known as the ___.
A. Series 63 Exam
B. Series 64 Exam
C. Series 65 Exam
D. Series 66 Exam
-
Blue sky laws are federal regulations.
A. True
B. False -
An offering that is exempted from federal regulation is always exempted from state regulation.
A. True
B. False -
A person has registered his securities in the Securities and Exchange Commission but he wants those securities be recognized in a certain state. What kind of registration does he need to file?
A. registration by coordination
B. registration by filing
C. registration by notification
D. registration by qualification -
Taking orders from customers in a certain state requires broker-dealers to be registered in that state.
A. True
B. False -
This rule separated the conflicts of interest that were inherent between the underwriter and the research analyst.
A. Prudent Man Rule
B. Sarbanes-Oxley Act
C. Securities Investor Protection Act
D. Trust Indenture Act -
Which of the following would a prudent man likely to do?
A. buy government securities for his client
B. buy naked options for his client
C. buy penny stocks for his client
D. short stocks in the client’s account -
Which of the following will most likely be found in the legal list of securities that fall within the prudent man rule?
(Select all that apply.)
A. government securities
B. highly rated corporate bonds
C. highly rated municipal bonds
D. 144 stocks -
The Trust Indenture Act of 1939 requires a trust indenture for a corporate bond offering of at least ___.
A. $3 million
B. $4 million
C. $5 million
D. $6 million -
Which of the following is true about the Investment Advisor Act of 1940?
(Select all that apply.)
A. It covers firms that offer wrap accounts and charge fees.
B. It covers the people who charge a fee for investment advice.
C. It only applies if the investment advisor gives advice to 15 or more people.
D. It requires that investment advisors pass the Series 7 Examination. -
The Securities Investor Protection Corporation protects the customer’s assets up to ___.
A. $500,000
B. $600,000
C. $800,000
D. $1,000,000 -
A client has an IRA account and a regular account. Under the Securities Investor Protection Act of 1970, the client has only one account.
A. True
B. False -
The Federal Telephone Consumer Protection Act prohibits unsolicited calls before 8:00 A.M. or after 9:00 P.M. of the local time of the caller.
A. True
B. False -
Which of the following is true about the Do Not Call list? (Select all that apply.)
A. A firm can only call the persons listed on the Do Not Call list during weekdays on office hours but not on weekends and non-office hours.
B. A person listed on the Do Not Call list can bring civil law enforcement actions against the firm that calls him.
C. It applies to unsolicited faxes.
D. The caller must identify himself by name, firm, and where he’s coming from when calling a person on the Do Not Call list so that his call may be entertained. -
Which of the following does the Sarbanes-Oxley Act require?
A. It requires accounting firm to combine their management consultation business with their auditing business.
B. It requires accounting firm to have both management consultation business and auditing business.
C. It requires accounting firm to have either management consultation business or auditing business but not both.
D. It requires accounting firms to separate their management consultation business from their auditing business. -
According to the Sarbanes-Oxley Act, an accounting firm acting as auditors for the firm has to report to the ___.
A. independent directors of the corporation
B. board of directors audit committee
C. Security and Exchange Commission
D. stockholders
-
According to the Sarbanes-Oxley Act, the CEO and CFO of the issuing company should not be employed by the company’s audit firm for ___.
A. one year after the audit
B. one year preceding the audit
C. six months after the audit
D. six months preceding the audit -
According to the Sarbanes-Oxley Act, they must certify annually the financial statements in the 10-Q and 10-K reports.
(Select all that apply.)
A. CEO
B. CFO
C. directors
D. stockholders -
According to the Sarbanes-Oxley Act, insider trade reports have to be made public through the 8-K reports, which must be filed within ___ business days.
A. 4
B. 5
C. 10
D. 15 -
The Sarbanes-Oxley Act gives insiders who trade a stock outside the blackout period ___ business days to report their trade.
A. one
B. two
C. three
D. five
We hope you did well on this Series 66 Sarbanes Oxley Act Quiz
The Sarbanes-Oxley Act (SOX)The Sarbanes-Oxley Act (SOX) is a comprehensive legislation enacted in the United States in 2002 to enhance corporate governance and improve the accuracy and reliability of financial reporting. While the primary focus of SOX is on public companies, its impact extends to various professionals in the financial industry, including financial consultants. Here’s how SOX affects financial consultants and why it can be beneficial for their clients:
-
Increased Demand for Financial Consultants: SOX introduced stricter regulations and compliance requirements for public companies. As a result, organizations often seek the expertise of financial consultants to help them navigate the complexities of SOX compliance. This has created an increased demand for financial consultants, providing more opportunities for professionals in this field.
-
Expertise in Internal Controls and Risk Management: SOX places a strong emphasis on internal controls and risk management. Financial consultants play a crucial role in assisting companies with the development, implementation, and evaluation of internal controls to ensure compliance with SOX requirements. They help identify potential risks and weaknesses in financial reporting processes and provide guidance on improving controls and mitigating risks.
-
Audit and Assurance Services: SOX requires companies to undergo regular independent audits of their internal controls and financial statements. Financial consultants often collaborate with external auditors to perform these audits and provide assurance services. They assist in evaluating the effectiveness of internal controls and ensure that financial statements are accurate and reliable, which enhances investor confidence in the company’s financial reporting.
-
Ethical Standards and Corporate Governance: SOX established ethical standards for corporate governance and accountability. Financial consultants play a crucial role in promoting and enforcing these standards within organizations. They assist in developing and implementing codes of conduct, ensuring compliance with ethical guidelines, and monitoring adherence to corporate governance principles. This helps in fostering a culture of transparency, integrity, and accountability within client organizations.
-
Enhanced Investor Protection: SOX aims to protect investors by improving the accuracy and reliability of financial information. Financial consultants contribute to this goal by assisting companies in producing transparent and accurate financial reports. By ensuring compliance with SOX regulations, financial consultants help build trust between companies and their investors, which can positively impact the overall financial market.
-
Risk Mitigation and Fraud Prevention: SOX requires companies to implement measures to detect and prevent fraudulent activities. Financial consultants assist in identifying potential fraud risks, implementing anti-fraud controls, and conducting investigations when fraudulent activities are suspected. Their expertise in financial analysis and risk assessment helps clients establish robust systems to mitigate the risk of fraud, protecting the interests of stakeholders.
In summary, the Sarbanes-Oxley Act has had a significant impact on financial consultants. It has increased demand for their services, expanded their role in internal controls and risk management, and emphasized the importance of ethical standards and corporate governance. By ensuring compliance with SOX regulations, financial consultants contribute to enhancing transparency, mitigating risks, and protecting the interests of investors, ultimately benefiting both their clients and the financial industry as a whole.
Series 65 vs Series 66 ExamThe Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Lesson 58 Sarbanes-Oxley Act Quiz 2024 appeared first on Audio Lessons for the Series 65 Exam.
Series 66 Exam Free Audio Lesson 4Series 66 Exam Free Audio Lesson 4 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam?Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 ExamThe Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Free Audio Lesson 4 2024 appeared first on Audio Lessons for the Series 65 Exam.
Series 66 Exam Lesson 58 Sarbanes-Oxley Act Quiz
This is a Series 66 Exam Lesson 58 Sarbanes-Oxley Act Quiz: a free quiz for Series 66 Exam Lesson 58 Sarbanes-Oxley Act . Try it and see how you do if you need help listen the lesson over.
Series 66 Exam Lesson 58 Sarbanes-Oxley Act QuizSeries 66 Exam Lesson 58 Sarbanes-Oxley Act Quiz is covering the Annuities information you need to understand for the Series 66 Exam
Below are questions based on Series 66 Exam Lesson 58 Sarbanes-Oxley Act lesson of the series. Choose the letter of the correct answer.Series 66 Exam Lesson 58 Sarbanes-Oxley Act Quiz
Questions covered include
1. The Uniform Securities Agent State Law Examination is also known as the ___.
A. Series 63 Exam
B. Series 64 Exam
C. Series 65 Exam
D. Series 66 Exam
-
Blue sky laws are federal regulations.
A. True
B. False -
An offering that is exempted from federal regulation is always exempted from state regulation.
A. True
B. False -
A person has registered his securities in the Securities and Exchange Commission but he wants those securities be recognized in a certain state. What kind of registration does he need to file?
A. registration by coordination
B. registration by filing
C. registration by notification
D. registration by qualification -
Taking orders from customers in a certain state requires broker-dealers to be registered in that state.
A. True
B. False -
This rule separated the conflicts of interest that were inherent between the underwriter and the research analyst.
A. Prudent Man Rule
B. Sarbanes-Oxley Act
C. Securities Investor Protection Act
D. Trust Indenture Act -
Which of the following would a prudent man likely to do?
A. buy government securities for his client
B. buy naked options for his client
C. buy penny stocks for his client
D. short stocks in the client’s account -
Which of the following will most likely be found in the legal list of securities that fall within the prudent man rule?
(Select all that apply.)
A. government securities
B. highly rated corporate bonds
C. highly rated municipal bonds
D. 144 stocks -
The Trust Indenture Act of 1939 requires a trust indenture for a corporate bond offering of at least ___.
A. $3 million
B. $4 million
C. $5 million
D. $6 million -
Which of the following is true about the Investment Advisor Act of 1940?
(Select all that apply.)
A. It covers firms that offer wrap accounts and charge fees.
B. It covers the people who charge a fee for investment advice.
C. It only applies if the investment advisor gives advice to 15 or more people.
D. It requires that investment advisors pass the Series 7 Examination. -
The Securities Investor Protection Corporation protects the customer’s assets up to ___.
A. $500,000
B. $600,000
C. $800,000
D. $1,000,000 -
A client has an IRA account and a regular account. Under the Securities Investor Protection Act of 1970, the client has only one account.
A. True
B. False -
The Federal Telephone Consumer Protection Act prohibits unsolicited calls before 8:00 A.M. or after 9:00 P.M. of the local time of the caller.
A. True
B. False -
Which of the following is true about the Do Not Call list? (Select all that apply.)
A. A firm can only call the persons listed on the Do Not Call list during weekdays on office hours but not on weekends and non-office hours.
B. A person listed on the Do Not Call list can bring civil law enforcement actions against the firm that calls him.
C. It applies to unsolicited faxes.
D. The caller must identify himself by name, firm, and where he’s coming from when calling a person on the Do Not Call list so that his call may be entertained. -
Which of the following does the Sarbanes-Oxley Act require?
A. It requires accounting firm to combine their management consultation business with their auditing business.
B. It requires accounting firm to have both management consultation business and auditing business.
C. It requires accounting firm to have either management consultation business or auditing business but not both.
D. It requires accounting firms to separate their management consultation business from their auditing business. -
According to the Sarbanes-Oxley Act, an accounting firm acting as auditors for the firm has to report to the ___.
A. independent directors of the corporation
B. board of directors audit committee
C. Security and Exchange Commission
D. stockholders
-
According to the Sarbanes-Oxley Act, the CEO and CFO of the issuing company should not be employed by the company’s audit firm for ___.
A. one year after the audit
B. one year preceding the audit
C. six months after the audit
D. six months preceding the audit -
According to the Sarbanes-Oxley Act, they must certify annually the financial statements in the 10-Q and 10-K reports.
(Select all that apply.)
A. CEO
B. CFO
C. directors
D. stockholders -
According to the Sarbanes-Oxley Act, insider trade reports have to be made public through the 8-K reports, which must be filed within ___ business days.
A. 4
B. 5
C. 10
D. 15 -
The Sarbanes-Oxley Act gives insiders who trade a stock outside the blackout period ___ business days to report their trade.
A. one
B. two
C. three
D. five
We hope you did well on this Series 66 Sarbanes Oxley Act Quiz
The Sarbanes-Oxley Act (SOX)The Sarbanes-Oxley Act (SOX) is a comprehensive legislation enacted in the United States in 2002 to enhance corporate governance and improve the accuracy and reliability of financial reporting. While the primary focus of SOX is on public companies, its impact extends to various professionals in the financial industry, including financial consultants. Here’s how SOX affects financial consultants and why it can be beneficial for their clients:
-
Increased Demand for Financial Consultants: SOX introduced stricter regulations and compliance requirements for public companies. As a result, organizations often seek the expertise of financial consultants to help them navigate the complexities of SOX compliance. This has created an increased demand for financial consultants, providing more opportunities for professionals in this field.
-
Expertise in Internal Controls and Risk Management: SOX places a strong emphasis on internal controls and risk management. Financial consultants play a crucial role in assisting companies with the development, implementation, and evaluation of internal controls to ensure compliance with SOX requirements. They help identify potential risks and weaknesses in financial reporting processes and provide guidance on improving controls and mitigating risks.
-
Audit and Assurance Services: SOX requires companies to undergo regular independent audits of their internal controls and financial statements. Financial consultants often collaborate with external auditors to perform these audits and provide assurance services. They assist in evaluating the effectiveness of internal controls and ensure that financial statements are accurate and reliable, which enhances investor confidence in the company’s financial reporting.
-
Ethical Standards and Corporate Governance: SOX established ethical standards for corporate governance and accountability. Financial consultants play a crucial role in promoting and enforcing these standards within organizations. They assist in developing and implementing codes of conduct, ensuring compliance with ethical guidelines, and monitoring adherence to corporate governance principles. This helps in fostering a culture of transparency, integrity, and accountability within client organizations.
-
Enhanced Investor Protection: SOX aims to protect investors by improving the accuracy and reliability of financial information. Financial consultants contribute to this goal by assisting companies in producing transparent and accurate financial reports. By ensuring compliance with SOX regulations, financial consultants help build trust between companies and their investors, which can positively impact the overall financial market.
-
Risk Mitigation and Fraud Prevention: SOX requires companies to implement measures to detect and prevent fraudulent activities. Financial consultants assist in identifying potential fraud risks, implementing anti-fraud controls, and conducting investigations when fraudulent activities are suspected. Their expertise in financial analysis and risk assessment helps clients establish robust systems to mitigate the risk of fraud, protecting the interests of stakeholders.
In summary, the Sarbanes-Oxley Act has had a significant impact on financial consultants. It has increased demand for their services, expanded their role in internal controls and risk management, and emphasized the importance of ethical standards and corporate governance. By ensuring compliance with SOX regulations, financial consultants contribute to enhancing transparency, mitigating risks, and protecting the interests of investors, ultimately benefiting both their clients and the financial industry as a whole.
Series 65 vs Series 66 ExamThe Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Lesson 58 Sarbanes-Oxley Act Quiz appeared first on .
Series 66 Exam Free Audio Lesson 4Series 66 Exam Free Audio Lesson 4 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam?Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 ExamThe Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Free Audio Lesson 4 2023 appeared first on .
Series 66 Exam Free Audio Lesson 3Series 66 Exam Free Audio Lesson 3 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam?Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 ExamThe Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Free Audio Lesson 3 2023 appeared first on .
Series 66 Exam Free Audio Lesson 2Series 66 Exam Free Audio Lesson 2 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam?Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 ExamThe Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Free Audio Lesson 2 2023 appeared first on .
Series 66 Exam Free Audio Lesson 1Series 66 Exam Free Audio Lesson 1 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam?Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 ExamThe Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Free Audio Lesson 1 2023 appeared first on .
Series 66 Exam Lesson 56 Securities Exchange Act of 1934 QuizThis is a Series 66 Exam Lesson 56 Securities Exchange Act of 1934 Quiz: a free quiz for Series 66 Exam Lesson 56 Securities Exchange Act of 1934 Quiz. Try it and see how you do if you need help listen to the lesson over.
Series 66 Exam Lesson 56 Securities Act of 1933 QuizThis is a Series 66 Exam Lesson 56 Securities Exchange Act of 1934 Quiz. Try it and see how you do if you need help listen to the lesson over.
Questions covered include
1. Which of the following is true about the Securities Exchange Act of 1934?
(Select all that apply.)
A. It applies to exempt securities.
B. It determines what fair trading practices are.
C. It regulates the secondary trading of securities.
D. It was established by the Securities and Exchange Commission.
-
Which of the following is contained in a 10-K? (Select all that apply.)
A. balance sheet
B. cash flow statement
C. compensation of officers
D. income statement -
The 10-Q is an audited financial report submitted quarterly to the Securities and Exchange Commission.
A. True
B. False -
A ___ is filed if the company changes its name or there’s a 5% or greater change in the number of shares outstanding.
A. 10-C
B. 13-G
C. 15-B
D. 8-K -
Which of the following is required from the broker-dealers by the Securities Exchange Act of 1934?
(Select all that apply.)
A. buy back stocks for customers that reneged on their transactions
B. electronically deliver clients’ confirmation and statements
C. maintain a minimum net capital
D. send customers a copy of their income statement -
Under ___, margins are regulated from brokers to their customers.
A. Regulation D
B. Regulation M
C. Regulation T
D. Regulation U -
Broker-dealers are allowed to disclose to customers the routing of the customers’ orders.
A. True
B. False -
It is a totally anonymous matching of buy and sell orders.
A. alternative trading system
B. electronic exchange
C. electronics communication network
D. physical exchange -
Which of the following are/were physical exchanges?
(Select all that apply.)
A. Cincinnati Stock Exchange
B. New York Stock Exchange (NYSE)
C. Pacific Stock Exchange
D. Philadelphia Stock Exchange -
Which of the following is true about penny stocks?
(Select all that apply.)
A. They are sold on the over-the-counter bulletin board.
B. They are unsolicited orders.
C. They are traded on the NASDAQ and other listed exchanges.
D. They sell at less than $5. -
The broker is not required to assess a penny stock buyer’s financial situation if the buyer is a/an ___.
(Select all that apply.)
A. accredited investor
B. client whose order is unsolicited
C. insider
D. interstate citizen -
It is trading on nonpublic material information on the company.
A. front running
B. insider trading
C. pegging
D. wash trade -
This is the catchall rule that prohibits anything fraud even if it is not specifically prohibited in the Securities Exchange Act of 1934.
A. Rule 10b-5
B. Rule 127-c
C. Rule 144A
D. Rule 145 -
For unlawful practices under the Securities Exchange Act of 1934, suits can be brought within ___ of discovery.
A. six months
B. one year
C. two years
D. three years -
If a control person owns a position of a stock and he wants to lock in his profit or loss, he can ___.
A. dribble out
B. peg the stock
C. short against the box
D. short sell the stock -
Anybody that has nonpublic material information on the company is considered an insider.
A. True
B. False -
In the United Sates, they are exempted from the rules that prohibit insider trading.
(Select all that apply.)
A. congressmen
B. directors of the company
C. officers of the company
D. senators -
Insiders can trade on the material nonpublic information once the information has been made public.
A. True
B. False -
Only the Securities and Exchange Commission can sue insider traders.
A. True
B. False -
The statute of limitation for insider trading is ___.
A. one year
B. three years
C. five years
D. ten years
Series 66 Exam Lesson 56 Securities Exchange Act of 1934 Quiz
We hope you did well on this
———————————
The Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.The other possible exam would be the series 65 examination.
The Series 66 exam — the NASAA Uniform Combined State Law Examination — is a North American Securities Administrators Association (NASAA) exam administered by FINRA.
The exam consists of 100 scored questions. Candidates have 150 minutes to complete the exam. In order for a candidate to pass the Series 66 Exam, he/she must correctly answer at least 73 of the 100 scored questions.
There is no prerequisite for the Series 66 examination. However, the SIE and the Series 7 examination are co-requisites to the Series 66 Examination.
What is the Series 65 Exam?
The Series 65 is another path to becoming an Investment Advisor Representative (IAR)
Sometimes called the IAR in a box
Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The NASAA, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
Again requisites for this exam are the SIE Exam and the Series 7 Exam Top Off
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 65.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 66 Exam Free Audio Lesson 13Series 66 Exam Free Audio Lesson 13 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam?Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 ExamThe Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Lesson 56 Securities Exchange Act of 1934 Quiz appeared first on .
Series 66 Exam Lesson 55 Securities Act of 1933 QuizThis is a Series 66 Exam Lesson 55 Securities Act of 1933 Quiz: a free quiz for Series 66 Exam Lesson 55 Securities Act of 1933 Quiz. Try it and see how you do if you need help listen to the lesson over.
Series 66 Exam Lesson 55 Securities Act of 1933 QuizThis is a Series 66 Exam Lesson 55 Securities Act of 1933 Quiz. Try it and see how you do if you need help listen to the lesson over.
Questions covered include
1.It is the law that requires companies to give full and fair disclosure of information if they want to go public.
A.Investment Company Act of 1940
B.Dodd-Frank Act
C.Securities Act of 1933
D.Securities Exchange Act of 1934
2.This is the registration statement that a company must file if the company wants to go public.
A.Form 144-A
B.Form D
C.Form RS-1
D.Form S-1
3.The registration statement is filed with the ___.
A.Financial Industry Regulatory Authority
B.National Association of Securities Dealers
C.New York Stock Exchange
D.Securities and Exchange Commission
4.After the company that wants to go public has filed the registration statement, its investors can already trade their stocks publicly.
A.True
B.False
5.It contains full and fair disclosure about the company that is going public and the risks involved in investing in the company.
(Select all that apply.)
A.comprehensive prospectus
B.final prospectus
C.preliminary prospectus
D.unabridged prospectus
6.The Securities Act of 1933 attempts to curb speculation in new issues securities by preventing the ability to margin stock or borrow against the new issues securities.
A.True
B.False
7.A person buys and sells stock in a regular account. Under current margin requirements set by the Federal Reserve board, he can margin his securities at ___.
A.50%
B.55%
C.60%
D.65%
8.When the SEC has confirmed that the company has given a full and fair disclosure of information, the company enters into a quiet period for ___ days.
A.10
B.20
C.25
D.40
9.Which of the following is NOT allowed during the quiet period following the SEC’s confirmation of the company’s full and fair disclosure?
(Select all that apply.)
A.brokers soliciting orders to buy the stock
B.company distributing their preliminary prospectus
C.insiders selling the stock
D.underwriters recommending the stock
10.If the SEC finds that there is no full and fair disclosure from the company that wants to go public, ___.
(Select all that apply.)
A.the SEC would send a deficiency letter back to the company and require additional disclosure
B.the company would be charged of giving false, misleading, and/or inadequate information
C.the company has to refile a registration statement addressing the concerns of the SEC
D.the company’s operations would be suspended for 20 days before they could file another registration statement
11.Which of the following information is contained in the initial offering prospectus?
(Select all that apply.)
A.background of the officers and directors
B.different risks of the offering
C.final offering price on the new issue
D.management discussion on what the company does
12.The purchaser of the stock must have the final prospectus prior to the settlement of the sale.
A.True
B.False
13.For initial public offerings, the company has ___ days to deliver the final prospectus to the customer after the order is taken.
A.20
B.25
C.40
D.90
14.To sell a 144 stock, the holder of that stock must have held that stock fully paid for at least ___.
A.four months
B.six months
C.one year
D.two years
15.Which of the following is considered a control person? (Select all that apply.)
A.officers
B.directors
C.10% shareholders
D.affiliated persons
16.An insider owns 15% of a publicly traded stock on electronic exchange. It would take him at least ___ days to dribble out and sell all of his stocks.
A.450
B.900
C.1350
D.2700
17.Which of the following are exempt transactions under the Securities Act of 1933?
(Select all that apply.)
A.interstate transactions
B.government bonds
C.penny stocks
D.private placements
18.In order to be qualified to purchase an exempt offering, an investor must be ___.
(Select all that may apply.)
A.a control person
B.accredited
C.an insider
D.sophisticated
19.Anyone can buy private placements as long as the buyer is registered with the Securities and Exchange Commission.
A.True
B.False
20.The Securities and Exchange Commission does not require registration of Regulation D offerings.
A.True
B.False
Series 66 Exam Lesson 55 Securities Act of 1933 Quiz
We hope you did well on this
———————————
The Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.The other possible exam would be the series 65 examination.
The Series 66 exam — the NASAA Uniform Combined State Law Examination — is a North American Securities Administrators Association (NASAA) exam administered by FINRA.
The exam consists of 100 scored questions. Candidates have 150 minutes to complete the exam. In order for a candidate to pass the Series 66 Exam, he/she must correctly answer at least 73 of the 100 scored questions.
There is no prerequisite for the Series 66 examination. However, the SIE and the Series 7 examination are co-requisites to the Series 66 Examination.
What is the Series 65 Exam?
The Series 65 is another path to becoming an Investment Advisor Representative (IAR)
Sometimes called the IAR in a box
Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The NASAA, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
Again requisites for this exam are the SIE Exam and the Series 7 Exam Top Off
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 65.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 66 Exam Free Audio Lesson 13Series 66 Exam Free Audio Lesson 13 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam?Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 ExamThe Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Lesson 55 Securities Act of 1933 Quiz appeared first on .
Series 66 Podcast Interview with Whistleblower Attorney Mark Pugsley This is an interview with Whistleblower Attorney Mark Pugsley while this is not information that is required for the Series 7 Exam, but I think you will be a more knowledgeable advisor if you are aware of the information contained in this interview. Mark Pugsley is ... Read more
The post Series 66 Exam Lesson Supplement Interview with Whistleblower Atty. Mark Pugsley appeared first on .
Series 66 Exam Lesson 56 Securities Act of 1933 Quiz This is a Series 66 Exam Lesson 56 Securities Act of 1933 Quiz: a free quiz for Series 66 Exam Lesson 56 Securities Act of 1933 Quiz. Try it and see how you do if you need help listen to the lesson over. Series 66 ... Read more
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Series 66 Exam Lesson 29 Annuities Quiz This is a Series 66 Exam Lesson 29 Annuities Quiz: a free quiz for Series 66 Exam Lesson 29 Annuities Quiz which is covering the Unit Investment Trust . Try it and see how you do if you need help listen to the lesson over. Series 66 Exam ... Read more
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Series 66 Exam Quiz Mutual Funds 3 This is a Series 66 Exam Lesson 28 Unit Investment Trust Quiz: a free quiz for Series 66 Exam Lesson 28 Unit Investment Trust Quiz which is covering the Unit Investment Trust . Try it and see how you do if you need help listen to the lesson ... Read more
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Series 66 Exam Quiz Mutual Funds 3 This is a Series 66 Exam Quiz Mutual Funds 3: a free quiz for Series 66 Exam Quiz Mutual Funds 3 which is covering Mutual Funds part 3 . Try it and see how you do if you need help listen to the lesson over. Series 66 Exam ... Read more
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Series 66 Exam Quiz Mutual Funds 2 This is a Series 66 Exam Quiz Mutual Funds 1: a free quiz for Series 66 Exam Quiz Mutual Funds 2 which is covering Mutual Funds part 2 . Try it and see how you do if you need help listen to the lesson over. Series 66 Exam ... Read more
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Series 66 Exam Quiz Mutual Funds 1 This is a Series 66 Exam Quiz Mutual Funds 1: a free quiz for Series 66 Exam Quiz Mutual Funds 1 which is covering Mutual Funds part 1 . Try it and see how you do if you need help listen to the lesson over. Series 66 Exam ... Read more
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Series 66 Exam Lesson 39 Quiz Options pt 6 This is a Series 66 Exam Lesson 39 Quiz Options pt 6: a free quiz for Series 66 Exam Lesson 39 Quiz which is covering Options part 6 . Try it and see how you do if you need help listen to the lesson over. Series ... Read more
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Series 66 Exam Lesson 38 Quiz Options pt 5 This is a Series 66 Exam Lesson 38 Quiz Options pt 5: a free quiz for Series 66 Exam Lesson 38 Quiz which is covering Options part 5 . Try it and see how you do if you need help listen to the lesson over. Series ... Read more
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Series 66 Exam Lesson 37 Quiz Options pt 4 This is a Series 66 Exam Lesson 36 Quiz Options pt 3: a free quiz for Series 66 Exam Lesson 36 Quiz which is covering Options part 3 . Try it and see how you do if you need help listen to the lesson over. Series ... Read more
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Series 66 Exam Lesson 36 Quiz Options pt 3 This is a Series 66 Exam Lesson 36 Quiz Options pt 3: a free quiz for Series 66 Exam Lesson 36 Quiz which is covering Options part 3 . Try it and see how you do if you need help listen to the lesson over. Series ... Read more
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Series 66 Exam Lesson 35 Quiz Options pt 2 This is a Series 66 Exam Lesson 35 Quiz Options pt 2: a free quiz for Series 66 Exam Lesson 34 Quiz which is covering Options part 1 . Try it and see how you do if you need help listen to the lesson over. Series ... Read more
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Series 66 Exam Lesson 34 Options pt 1 This is a Series 66 Exam Lesson 34 Options pt 1: a free quiz for Series 66 Exam Lesson 34 Quiz which is covering Options part 1 . Try it and see how you do if you need help listen to the lesson over. Series 65 Exam ... Read more
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Series 66 Exam Lesson 22 Quiz This is a Series 66 Exam Lesson Free Quiz Series 66 Exam Lesson 22 Quiz, Series 66 Exam Lesson 22 Quiz which is covering Money Market. Try it and see how you do if you need help listen to the lesson over. Series 66 Lesson 22 Quiz This is ... Read more
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Series 66 Exam Lesson 21 Quiz This is a Series 66 Exam Lesson Free Quiz Series 66 Exam Lesson 21 Quiz, Series 66 Exam Lesson 21 Quiz which is covering Money Market. Try it and see how you do if you need help listen to the lesson over. Series 66 Lesson 21 Quiz This is ... Read more
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Series 66 Exam Lesson 23 Quiz This is a Series 66 Exam Lesson Free Quiz Series 66 Exam Lesson 23 Quiz, Series 66 Exam Lesson 23 Quiz which is covering Municipal Debt. Try it and see how you do if you need help listen to the lesson over. Series 66 Lesson 23 Quiz This is ... Read more
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Series 66 Exam Lesson 20 Quiz This is a Series 66 Exam Lesson Free Quizz Series 66 Exam Lesson 20 Quiz, Series 66 Exam Lesson 20 Quiz which is covering Fixed Income 1. Try it and see how you do if you need help listen to the lesson over.
Series 66 Lesson 20 Quiz This is a Series 66 Lesson 20 Quiz which is covering Fixed Income 3. Try it and see how you do if you need help listen to the lesson over.
Questions covered include
Questions: Below are questions based on the previous lesson. Choose the letter of the correct answer.
To take the quiz online, click here.
- The US government is not subject to the Securities Act of 1933.
A. True
B. False
- Which of the following are non-callable?
A. treasury notes
B. treasury bonds
C. treasury bills
D. all of the above
- A risk free investment guarantees a client to get back a dollar for every dollar he invests as long as he does it at par.
A. True
B. False
- Which of the following is a risk-free investment?
A. Collateralized Mortgage Obligations
B. treasury bills
C. zero coupon bond
D. all of the above
- Interest on direct US treasuries are exempted from ___.
A. federal taxation
B. state taxation
C. both federal taxation and state taxation
D. neither federal taxation nor state taxation
- Which of the following is NOT a characteristic of US government bonds?
A. Their auctions are held every six months.
B. Their interest is paid semiannually.
C. They are callable.
D. They are the longest issued bonds.
- Interest rates of Treasury Inflation Protected Securities are usually lower than treasury notes or treasury bonds because of the ___.
A. coupon rate
B. inflation protection
C. state taxation
D. all of the above
- Which of the following is NOT a quasi-hybrid security?
A. Certificates of Accrual on Treasury Securities (CATS)
B. Separate Trading of Registered Interest and Principal Securities (STRIPS)
C. Treasury Income Growth Receipts (TIGERS)
D. All of the above are quasi-hybrid securities.
- It is an independent federal agency created as a successor regulatory agency from the merger of the Federal Housing Finance Board, the Office of Federal Housing Enterprise Oversight and the US Department of Housing and Urban Development.
A. Federal Home Loan Agency
B. Federal Housing Finance Agency
C. Federal Intermediate Credit Agency
D. Federal Land Agency
- The only US government agency obligation that carries the full faith and credit of the United States government
A. Farmers Housing Administration
B. Government National Mortgage Association
C. Small Business Administration
D. Student Loan Marketing Association
Series 66 Exam Lesson 20 Quiz: Continued
- Which of the following is NOT guaranteed in a Ginnie Mae certificate?
A. duration of the investment
B. interest rate
C. principal
D. All of the above are guaranteed in a Ginnie Mae certificate.
- Why does the investment value of a Collateralized Mortgage Obligation decline in a client’s statement?
A. The interest rate goes down making the investment value decrease.
B. The principal is adjusted based on the current inflation rate.
C. The reduction in the investment value is received by the client every month as part of the principal.
D. all of the above
- Zero coupon bonds are created by the government.
A. True
B. False
- These are government notes or government bonds whose interest payments are stripped out and then sold at a discount.
A. serial bonds
B. treasury bills
C. treasury bonds
D. zero coupon bonds
- If a client owns a 20-year zero coupon treasury bond and interest rates go up, that bond in the secondary market will ___.
A. drop as much as a regular bond
B. drop significantly more than a regular bond
C. rise as much as a regular bond
D. rise significantly more than a regular bond
- Which of the following is a characteristic of the Student Loan Marketing Association?
A. It issues normal debentures which are backed by its loans.
B. Interest is paid semi-annually on its bonds.
C. Its bonds are quoted in thirty-seconds.
D. all of the above
- Agency debts trade in trade day plus three days.
A. True
B. False
- Primary dealers buy small amounts of government bonds, notes, and bills directly from the government.
A. True
B. False
- It is a pledge of collateral usually real estate to secure a loan at a fixed interest rate over the term of the loan.
A. asset
B. equity
C. mortgage
D. obligation
- Which of the following is a risk in a Collateralized Mortgage Obligation?
A. interest rate risk
B. liquidity risk
C. prepayment risk
D. all of the above
We hope you did well on this Series 66 Lesson 20 Free Quiz
———————————
The Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative. The other possible exam would be the series 65 examination.
The Series 66 exam — the NASAA Uniform Combined State Law Examination — is a North American Securities Administrators Association (NASAA) exam administered by FINRA.
The exam consists of 100 scored questions. Candidates have 150 minutes to complete the exam. In order for a candidate to pass the Series 66 Exam, he/she must correctly answer at least 73 of the 100 scored questions.
There is no prerequisite for the Series 66 examination. However, the SIE and the Series 7 examination are co-requisites to the Series 66 Examination.
What is the Series 65 Exam?
The Series 65 is another path to becoming an Investment Advisor Representative (IAR)
Sometimes called the IAR in a box
Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The NASAA, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
Again requisites for this exam are the SIE Exam and the Series 7 Exam Top Off
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 65.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 66 Exam Free Audio Lesson 13 Series 66 Exam Free Audio Lesson 13 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam? Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 Exam The Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Lesson 20 Quiz: Fixed Income 3 appeared first on .
Series 66 Exam Lesson 19 Quiz This is a Series 66 Exam Lesson Free Quizz Series 66 Exam Lesson 19 Quiz, Series 66 Exam Lesson 19 Quiz which is covering Fixed Income 1. Try it and see how you do if you need help listen to the lesson over.
Series 66 Lesson 19 Quiz This is a Series 66 Lesson 19 Quiz which is covering Fixed Income 1. Try it and see how you do if you need help listen to the lesson over.
Questions covered include
Questions: 1. Which of the following is the correct set of government bills in order of increasing length in which they are set?
A. bills, notes, bonds
B. notes, bonds, bills
C. bonds, notes, bills
D. All of the above government bills have equal duration in which they are set.
- Which of the following is NOT a US government sponsored entity?
A. Fannie Mae
B. Freddie Mac
C. Ginnie Mae
D. Sallie Mac
- A call feature is a compulsory redemption of the bond at a specific price.
A. True
B. False
- A call protection period is _____.
A. a period of time which protects the bond holder from an increase in the interest rate
B. a period of time which protects the bond holder from a decrease in the dividend
C. a period of time which protects the bond holder from a call from the issuer
D. a period of time which protects the bond holder from a call from the transfer agent
- It is best to quote a bond to a client in the most conservative yield.
A. True
B. False
- It is the right of the bond holder to redeem the bond from the issuer on a specific date.
A. call feature
B. put feature
C. tending feature
D. refund feature
- US treasury bonds are quoted in ___.
A. eighths
B. sixteenths
C. thirty-seconds
D. sixty-fourths
- Corporate bonds are quoted in ___.
A. eighths
B. sixteenths
C. thirty-seconds
D. sixty-fourths
- Bonds that trade flat are bonds without accrued interest.
A. True
B. False
- Which of the following is a bond that trade flat?
A. defaulted bond
B. commercial paper
C. zero coupon bond
D. all of the above
Series 66 Exam Lesson 19 Quiz: Fixed Income 2: Continued 11. A basis point is 10th of a percentage point.
A. True
B. False
- In calculating the price of a serial bond, the following are needed EXCEPT ___.
A. call date
B. maturity date
C. settlement date
D. yield basis quote
- In corporate bonds, in the event of dissolution, which of the following is the correct set of obligation in order of decreasing priority?
A. preferred stockholders secured creditors debentures unpaid wages, taxes, trade creditors
B. secured creditors preferred stockholders debentures unpaid wages, taxes, trade creditors
C. secured creditors unpaid wages, taxes, trade creditors debentures preferred stockholders
D. unpaid wages, taxes, trade creditors debentures secured creditors preferred stockholders
- The Trust Indenture Act of 1939 includes which of the following?
A. the terms of the issuance of bond
B. specific protections for the bondholders
C. important information for the full disclosure of the terms of that bond offering
D. all of the above
- All of the following are secured debts EXCEPT ___.
A. debentures
B. equipment trust certificates
C. mortgage bonds
D. All of the above are secured debts.
- Which of the following is NOT a characteristic of a commercial paper?
A. It is registered in the Securities and Exchange Commission.
B. It is usually in very large denominations.
C. It is usually issued at a discount.
D. Its maturity does not exceed 270 days.
- It gives the bond holder the option of converting his debt in common stock at a set conversion ratio.
A. collateral trust certificates
B. convertible corporate debt
C. direct paper
D. income bonds
- Why would a bond be called by the issuer?
A. to convert the bond into common stock
B. to exchange the bond for another bond
C. to make interest payments tax deductible
D. to put a ceiling price on the bond if the interest rates go down
- When the bond and stock are trading at equivalent values and there’s no theoretical reason for conversion or non-conversion, there is parity.
A. True
B. False
- When stocks rise above parity, corporate treasures may force the conversion of the debt into equity by ___.
A. calling the bond
B. tending offer
C. refunding the bond
D. all of the above
We hope you did well on this Series 66 Lesson 19 Free Quiz
———————————
The Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative. The other possible exam would be the series 65 examination.
The Series 66 exam — the NASAA Uniform Combined State Law Examination — is a North American Securities Administrators Association (NASAA) exam administered by FINRA.
The exam consists of 100 scored questions. Candidates have 150 minutes to complete the exam. In order for a candidate to pass the Series 66 Exam, he/she must correctly answer at least 73 of the 100 scored questions.
There is no prerequisite for the Series 66 examination. However, the SIE and the Series 7 examination are co-requisites to the Series 66 Examination.
What is the Series 65 Exam?
The Series 65 is another path to becoming an Investment Advisor Representative (IAR)
Sometimes called the IAR in a box
Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The NASAA, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
Again requisites for this exam are the SIE Exam and the Series 7 Exam Top Off
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 65.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 66 Exam Free Audio Lesson 13 Series 66 Exam Free Audio Lesson 13 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam? Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 Exam The Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Lesson 19 Quiz: Fixed Income 2 appeared first on .
Series 66 Exam Lesson 18 Quiz This is a Series 66 Exam Lesson Free Quizz Series 66 Exam Lesson 18 Quiz, Series 66 Exam Lesson 18 Quiz which is covering Fixed Income 1. Try it and see how you do if you need help listen to the lesson over.
Series 66 Lesson 18 Quiz This is a Series 66 Lesson 18 Quiz which is covering Fixed Income 1. Try it and see how you do if you need help listen to the lesson over.
Questions covered include
Questions: 1. Which of the following is an example of a fixed income investment?
A. bond
B. government note
C. collateralized mortgage obligations
D. all of the above
- In fixed income investments, the par value ___.
A. is greater than the maturity value
B. is less than the maturity value
C. is equal to the maturity value
D. varies with the maturity value but with no general trend
- Maturity value is the value the investor gets when his fixed income investment matures.
A. True
B. False
- This is the date when the investor gets back the par value of his fixed income investment.
A. call date
B. declaration date
C. maturity date
D. payable date
- Fixed income investments have stated interest rates except for ___.
A. serial bonds
B. series bonds
C. term bonds
D. zero coupon bonds
- US government bonds have no call features.
A. True
B. False
- Sinking funds are ___.
A. bonds that have depreciated its par value
B. a portion of money set aside every year to buy back the issued bonds
C. the difference between the bond’s par value and the yield of maturity
D. all of the above
- Which of the following is associated with collateralized mortgage obligations?
A. Ginnie Mae
B. government bill
C. sinking funds
D. all of the above
- These bonds are bought at a discount and mature at par value.
A. serial bonds
B. series bonds
C. term bonds
D. zero coupon bonds
- These are bonds that have varying maturity dates that carry different interest rates.
A. serial bonds
B. series bonds
C. term bonds
D. zero coupon bonds
Series 66 Exam Lesson 18 Quiz: Fixed Income 1: Continued 11. Which of the following does a zero coupon bond have?
A. interest rate
B. interest payment date
C. discount
D. all of the above
- Which of the following does a term bond have?
A. interest rate
B. interest payment date
C. maturity date
D. all of the above
- In a zero coupon bond, the difference between the value of the bond when it is bought and the value of the bond when it matures is the calculated yield.
A. True
B. False
- Serial bonds are issued in a series of steps according to the cash needs of the issuer.
A. True
B. False
- In the normal yield curve environment, ___.
A. the shorter the maturity on a fixed income investment, the lower the par value
B. the shorter the maturity on a fixed income investment, the higher the par value
C. the shorter the maturity on a fixed income investment, the lower the yield
D. the shorter the maturity on a fixed income investment, the higher the yield
- In an inverted yield curve, ___.
A. the shorter the maturity on a fixed income investment, the lower the par value
B. the shorter the maturity on a fixed income investment, the higher the par value
C. the shorter the maturity on a fixed income investment, the lower the yield
D. the shorter the maturity on a fixed income investment, the higher the yield
- When buying a discounted bond in the secondary market, which of the following is the correct set of yield in order of increasing value?
A. coupon yield, current yield, yield to maturity
B. yield to maturity, coupon yield, current yield
C. current yield, coupon yield, yield to maturity
D. All of the three yields would have equal value.
- When buying a bond at par, which of the following is the correct set of yield in order of increasing value?
A. coupon yield, current yield, yield to maturity
B. yield to maturity, coupon yield, current yield
C. current yield, coupon yield, yield to maturity
D. All of the three yields would have equal value.
- Bond accretion is the devaluation of the bond at par when the bond was bought at premium.
A. True
B. False
- In a tax exempt bond at a premium, the amortized portion of the premium is deducted from the income of the buyer of the bond.
A. True
B. False
We hope you did well on this Series 66 Lesson 18 Free Quiz
———————————
The Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative. The other possible exam would be the series 65 examination.
The Series 66 exam — the NASAA Uniform Combined State Law Examination — is a North American Securities Administrators Association (NASAA) exam administered by FINRA.
The exam consists of 100 scored questions. Candidates have 150 minutes to complete the exam. In order for a candidate to pass the Series 66 Exam, he/she must correctly answer at least 73 of the 100 scored questions.
There is no prerequisite for the Series 66 examination. However, the SIE and the Series 7 examination are co-requisites to the Series 66 Examination.
What is the Series 65 Exam?
The Series 65 is another path to becoming an Investment Advisor Representative (IAR)
Sometimes called the IAR in a box
Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The NASAA, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
Again requisites for this exam are the SIE Exam and the Series 7 Exam Top Off
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 65.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 66 Exam Free Audio Lesson 13 Series 66 Exam Free Audio Lesson 13 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam? Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 Exam The Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Lesson 18 Quiz: Fixed Income 1 appeared first on .
Series 66 Exam Lesson 17 Quiz This is a Series 66 Exam Lesson Free Quizz Series 66 Exam Lesson 17 Quiz, Series 66 Exam Lesson 17 Quiz which is covering Preferred Stocks. Try it and see how you do if you need help listen to the lesson over.
Series 66 Lesson 17 Quiz This is a Series 66 Lesson 17 Quiz which is covering Special Securities. Try it and see how you do if you need help listen to the lesson over.
Questions covered include
Questions: 1. These are rights to purchase stock at specific prices that are long-term in nature.
A. purchasing rights
B. preemptive rights
C. option rights
D. warrants
- To which of the following can warrants be attached to?
A. sale of a common stock
B. sale of a preferred stock
C. sale of a bond
D. all of the above
- Warrants can be traded but they should be traded along with the stock or bond that comes with them.
A. True
B. False
- The value of the warrant is based on the ___ that it is tied to.
A. stock
B. dividend of the stock
C. interest rate of the stock
D. par value of the stock
- Warrants allow trading foreign stocks on the US markets.
A. True
B. False
- Rights to buy a new stock come about as a result of ___.
A. preemptive rights
B. purchasing rights
C. voting rights
D. warrants
- How are warrants and rights similar?
A. Both warrants and rights are traded separately from the stock that they are attached to.
B. They both serve as enticement to buy stocks.
C. They are both special securities.
D. all of the above
- How are warrants and rights different?
A. Warrants are short term in nature while rights are long term in nature.
B. Warrants are long term in nature while rights are short term in nature.
C. Warrants are attached to stocks while rights are not attached to stocks.
D. Rights are attached to stocks while warrants are not attached to stocks.
- The warrant can be exercised immediately after the issuance of the bond or stock that is attached to it.
A. True
B. False
- All warrants have expiration dates.
A. True
B. False
Series 66 Exam Lesson 17 Quiz: Special Securities Continued 11. Why would companies issue warrants?
A. It would lower their tax.
B. It would increase the stock price at the secondary market.
C. It would increase their ability to issue a secondary offering of stocks at a slightly higher price.
D. all of the above
- In order for a warrant to have an intrinsic value, ___.
A. The warrant must have a price equal to the price of the stock it is attached to.
B. The warrant must have a price higher than the price of the stock it is attached to.
C. The warrant must have a price lower than the price of the stock it is attached to.
D. The warrant must have a constant price regardless of the price of the stock it is attached to.
- This is a negotiable security that represents securities of a non-U.S. company that trades in the U.S. financial markets.
A. bond
B. right
C. ADR
D. warrant
- What does ADR stand for?
A. American Dividend Receipts
B. American Differential Receipts
C. American Development Receipts
D. American Depository Receipts
- The dividends of the ADR are paid ___.
A. in US currency only
B. only in the currency of the country of the investor who bought the ADR
C. in either US currency or the investor’s country currency, whichever has the lower dividend after currency conversion
D. in any currency that the bank offers where the dividend is claimed
- Non-sponsored ADRs are assembled by banks and brokers without the participation of the issuer of the stock.
A. True
B. False
- How does the sponsored ADRs and non-sponsored ADRs differ?
A. Issuers of sponsored ADRs does not work with the bank or the broker in creating ADRs while issuers of non-sponsored ADRs work with the bank or the broker in creating ADRs.
B. Issuers of sponsored ADRs must provide annual and quarterly reports in English to the holders of the ADR while this is not required for the issuers of non-sponsored ADRs.
C. Holders of sponsored ADRs have voting and preemptive rights while holders of non-sponsored ADRs do not have voting and preemptive rights.
D. all of the above
- What are the risks in ADRs?
A. currency risk
B. market risk
C. stock ownership risk
D. all of the above
- How are foreign taxes handled in ADRs?
A. Foreign taxes reduce depending on the total value of warrant attached to the ADR.
B. Foreign taxes increase depending on the total value of warrant attached to the ADR.
C. The tax withheld can be reclaimed by the ADR holders as a credit when paying their US taxes.
D. The tax withheld can be reclaimed by the ADR holders as a debit when paying their US taxes.
- What is the advantage of using ADRs?
A. Non-American companies using ADRs have liquidity in the US stock market.
B. Non-American companies using ADRs are not registered in the United States and therefore exempted from the reporting rules by the Securities and Exchange Commission.
C. Using ADRs instead of common stocks reduces time and cost.
D. all of the above
We hope you did well on this Series 66 Lesson 17 Free Quiz
———————————
The Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative. The other possible exam would be the series 65 examination.
The Series 66 exam — the NASAA Uniform Combined State Law Examination — is a North American Securities Administrators Association (NASAA) exam administered by FINRA.
The exam consists of 100 scored questions. Candidates have 150 minutes to complete the exam. In order for a candidate to pass the Series 66 Exam, he/she must correctly answer at least 73 of the 100 scored questions.
There is no prerequisite for the Series 66 examination. However, the SIE and the Series 7 examination are co-requisites to the Series 66 Examination.
What is the Series 65 Exam?
The Series 65 is another path to becoming an Investment Advisor Representative (IAR)
Sometimes called the IAR in a box
Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The NASAA, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
Again requisites for this exam are the SIE Exam and the Series 7 Exam Top Off
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 65.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 66 Exam Free Audio Lesson 13 Series 66 Exam Free Audio Lesson 13 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam? Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 Exam The Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Lesson 17 Quiz: Special Securities appeared first on .