EXAM PASS

Securities Training Discount Coupon Code

2015-03-02T08:07:00.001-08:00

Use this discount code to receive 15 percent off of all of your securities exam training products.

For a limited time only!

That’s 15 percent off on all textbooks, exam prep software and video training classes

15 % off series 3 exam training materials

15 % off series 4 exam training materials

15 % off series 6 exam training materials

15 % off series 7 exam training materials

15 % off series 9 exam training materials

15 % off series 10 exam training materials

15 % off series 24 exam training materials

15 % off series 26 exam training materials

15 % off series 55 exam training materials

15 % off series 62 exam training materials

15 % off series 63 exam training materials

15 % off series 65 exam training materials

15 % off series 66 exam training materials

15 % off series 99 exam training materials

Securities Training Discount code BST15T

www.securitiesce.com

New Mobile Ebooks and Apps for FINRA Exam Prep

2015-02-20T10:47:00.000-08:00

All new for 2015 we are pleased to announce that our mobile Ebooks are now included FREE with all of our complete self-study solutions and are available for the first time on our website at securitiesce.com

If you want to access your material on the go, this is the study solution you have been waiting for. Our Wiley Mobile Review Guides are much more than simply an Ebook and far more accessible than a PDF. For the first time students, may study anytime, anywhere. Our Mobile Learning Library lets students interact with the content in a high quality and dynamic environment. Students preparing for an exam may study online on any device or via a downloadable app for your smartphone or tablet. Now you can take your textbook anywhere you can take your phone or tablet - on a plane, train or beach with nothing else to carry.

If you want to make notes in the mobile version - no problem - you may take notes, create highlights, write down questions, and reminders all right in your mobile textbook.

Mobile apps for:
IOS Android Kindle FIRE HD Kindle FIRE HDX Nook HD Nook HD +

Find out why our pass rates are in excess of 87 Percent

Our Wiley Exam Review Guides Make Passing Your FINRA Exam Easy!

The Securities Institute and John Wiley & Sons are committed to your success. Choose a securities training option that is right for you!

Private Tutoring
Onsite Classes
Textbooks
Exam Prep Software
Online Video Classes
Mobile Learning Library

Take randomized tests on any device with our state of the art exam prep software.

Student feedback and outlines from FINRA indicate that there have been a significant number of changes to most FINRA exams. Don't miss passing the exam by a few points simply because you did not have the latest information. Visit the Securities Institute today to reserve your copy of our 2015 exam review guides and exam prep software.

About The Securities Institute of America

The Securities Institute is a John Wiley partner company

The Securities Institute of America, Inc. having amassed a 17 year track record for excellence in securities exam training, became a John Wiley & Sons partner company in 2013. Founded in 1807, Wiley (NYSE JW-A) is the world's largest publisher of financial information and one of the county's largest training providers.

The industry experience of The Securities Institute combined with the John Wiley & Sons brand allows us to offer the most advanced exam prep training in the market. Together we have developed securities training materials that ensure you pass your exam.

Visit our new site today at www.securitiesce.com

Phone: 877 218 1776
Email address: sales@securitiesce.com

www.securitiesce.com

Online FINRA Exam Prep

2014-12-23T08:04:00.001-08:00

securitiesce.com

FINRA Exam Prep

2014-12-11T09:28:00.001-08:00

Jeff Van Blarcom MD Announces new CFA Partnership

2013-11-09T15:21:00.001-08:00

Jeff Van Barcom Managing Director Announces new CFA Partnership between The Securities institute of American and Fitch Learning.

We are extremely pleased to announce a strategic partnership with Fitch Learning. This partnership will expand our offerings and allow us to service our clients who want to prepare for the CFA exams. Fitch learning is truly the best in class in the CFA exam prep space.

Fitch Learning offers a number of solutions for students who would like to pass the CFA exam. These solutions range from exam prep software and textbooks to world class videos and live in person classroom training

Jeff Van Blarcom continues “Fitch has established itself as the leader in CFA, CQF and a host of hi level training courses for financial professionals worldwide

Wiley Partners with The Securities Institute of America to Publish Thirteen FINRA Exam Review Guides with Companion Test Banks

2013-06-27T12:36:00.000-07:00

Wiley Partners with The Securities Institute of America to Publish Thirteen FINRA Exam Review Guides with Companion Test Banks

Wiley and The Securities Institute of America form partnership to publish and distribute exam preparation books and online test banks for FINRA exam preparation

The Securities Institute of America is extremely pleased to announce that it is now a Wiley partner company. Founded in 1807 John Wiley and Sons is a billion dollar global publisher and training provider. Wiley now brings its resources to further elevate our world class training solutions for securities industry professionals. In the coming weeks you will see a lot of exciting changes!

All of our products are getting a dramatically updated look and feel

New training products

The largest proider in the securities exam prep industry

From the Index and Table of Contents to our Glossary and Answer Keys every single word on every page has been painstakingly gone over by subject matter experts and a massive team of county's top editors, designers and graphic artists to bring you the best materials in the industry. Every book includes:

New layouts

New graphics

New examples

New test tips

New Training Products

The Securities Institute and John Wiley & Sons are working hard to bring you new and innovative learning products. We will be rolling out a new suite of learning tools, test banks and reporting systems to ensure you and your team pass your exams!

The largest provider in the securities exam prep industry

Whether you are a sole practioner or a large multi national firm with 100,000 agents, we have the resources to meet your exam training needs.

Founded in 1807, John Wiley & Sons, Inc. is an independent, global publisher of print and electronic products on a wide variety of non-fiction topics for professional, academic, student, and consumer audiences. Wiley's Professional Development business creates products and services that help customers become more effective in the workplace and achieve career success. It brings to life the ideas and best practices of thought leaders in business, finance, accounting, workplace learning, management, leadership, technology, behavioral health, engineering/architecture, and education to serve these communities worldwide. learn more at www.securitiesce.com

Free Series 99 Exam Question - NEW

2012-08-21T13:11:00.003-07:00

Here is a great Series 99 Exam question from the Basic knowledge Associated with Broker Dealer Operations section of the Series 99:

Which of the following inter-dealer trades does not settle in clearinghouse funds?

A) OTC stocks

B) GO bonds

C) Corporate bonds

D) U.S. government bonds

ANSWER: D

Trades in securities backed by the federal government are settled in federal funds, not clearinghouse funds.

Take Free Series 99 Exam Questions on our site at:

http://www.securitiesce.com/web/pages/series99/index.php

Series 7 Exam Information - Options

2012-08-21T12:08:00.003-07:00

Here is some great series 7 exam information regarding how buyers and sellers of options manage, enter and exit option trades

Managing an Option Position

Both the buyer and seller, in an option trade, establish the position with an opening transaction. The buyer has an opening purchase and the seller has an opening sale. To exit the option position, an investor must “close out” the position. The buyer of the option may exit their position through:

 A Closing Sale

 Exercising The Option

 Allowing The Option To Expire

The Seller of an option may exit or close out their position through:

 A Closing Purchase

 Having the Option Exercised or Assigned to Them

 Allowing The Option to Expire

Most individual investors do not exercise their options and will simply buy and sell options in much the same way as they would buy or sell other securities.

Take some free Series 7 Exam questions on our site:

http://www.securitiesce.com/web/pages/series7/index.php

New Line of Series 99 Exam Training!

2012-08-21T11:38:00.001-07:00

The Securities Institute of America Introduces New Line of World Class Training Materials for the Series 99 Exam!

The Securities Institute introduces a new line of training materials for the series 99 exam. This new series 99 training solution features online exam software with 10 levels of customization, social peer to peer learning in live online study groups and real time tracking and reporting for managers and training directors.

New York, NY (PRWEB) July 9, 2012 -- The Securities Institute of America, a premiere provider of exam training materials for securities professionals, today has announced that it has introduced a new line of world class training materials for the Series 99 exam featuring dynamic online testing with social peer to peer learning for financial professionals preparing to take the series 99 exam.

The Securities Institute of America, Inc. has helped thousands of financial professionals pass their securities pre - licensing exams. The Institute offers premium quality textbooks, state of the art exam simulators, live and online classes for all securities pre licensing and continuing education needs. Students who are preparing for their exams can sample and view all of our products by visiting The Institute's Website at http://www.securitiesce.com/

Jeffrey Van Blarcom, Managing Director, adds "The Securities Institute of America is extremely pleased to introduce our series 99 training solution featuring the next generation of world class exam prep software. Our new online exam prep software is the most advanced and dynamic online exam prep product offered in the market today. Students preparing for the exams create fully randomized tests by selecting the topics, number of questions, and how and when answers are revealed. The software has many additional levels of customization to allow students to drill down deeper and to further customize their testing to pinpoint the exact area the student wants to focus on. Once the student is confident in the application of the knowledge they may move on to fully randomized final exams created by our software system. This is a huge improvement to the static online exams currently available. “

Social Learning

Students who are testing using our online exam prep software can join live study groups while taking practice questions to discuss exam topics, exam questions, and test taking strategies Live 24 x 7. Students can also get help directly from an instructor when available.

Test, Track & Interact

Students may take practice exams using any PC, Mac, Iphone, Ipad, Blackberry or Android device. Managers and Training Directors can view real time dynamic reports of their agents’ progress. Managers and Training Directors can interact live online with their agents and can schedule, manage and lead live group study sessions

“There is nothing like our online exam prep software, it is truly amazing. For over 15 years The Securities Institute has been the leading developer of exam training technology for the securities industry. The Securities Institute is committed to providing the most updated material available. We continuously update our products and are constantly working on developing new and innovative ways to meet our students’ exam preparation needs” said Van Blarcom.

About The Securities Institute of America

The Securities Institute of America, Inc. was founded by a diverse group of Wall Street professionals for Wall Street professionals. Our team's experience brings you the information and knowledge required for your success in the financial services industry. The Securities Institute of America, Inc. offers clients world class training and consulting services. It is this high level of professionalism that makes our team requested by name at some of the largest financial firms in the world. The Securities Institute of America, Inc. provides a unique blended learning experience to each of its students, offering customized learning solutions to each individual based on their personal ability to learn. The Securities Institute of America, Inc. offers premium quality text books, state of the art exam simulators, live and online classes for all securities pre-licensing and continuing education needs. Students who are preparing for their exams can sample all of our products on our website. To learn more about The Securities Institute of America, Inc. visit us on the Web at http://www.securitiesce.com/

Take some free series 99 exam questions on our site at:

http://www.securitiesce.com/web/pages/series99/index.php

A Series 24 Exam Question!

2012-08-21T11:20:00.005-07:00

Here is a great series 24 exam question from the Supervision of Brokerage Office Operations section of the series 24 exam:

When a customer enters a sell order and the customer is in possession of the certificates, a broker dealer must determine all of the following except:

A) Whether the securities are in deliverable form

B) The location of the securities

C) Whether the client can make delivery promptly

D) Whether the transfer agent has accepted the securities

ANSWER:

D) A firm must make an affirmative determination and be reasonably sure the client can make prompt delivery. Approval of the transfer agent is not a factor when accepting a sell order.

Take some free series 24 exam questions on our site at:

http://www.securitiesce.com/web/pages/series24/index.php

Series 24 Exam Question!

2012-08-21T10:44:00.004-07:00

Series 99 Exam Training

2012-08-21T09:30:00.000-07:00

The Securities Institute of America Introduces New Line of World Class Training Materials for the Series 99 Exam

The Securities Institute introduces a new line of training materials for the series 99 exam. This new series 99 training solution features online exam software with 10 levels of customization, social peer to peer learning in live online study groups and real time tracking and reporting for managers and training directors.

New York, NY (PRWEB) July 9, 2012 -- The Securities Institute of America, a premiere provider of exam training materials for securities professionals, today has announced that it has introduced a new line of world class training materials for the Series 99 exam featuring dynamic online testing with social peer to peer learning for financial professionals preparing to take the series 99 exam.

The Securities Institute of America, Inc. has helped thousands of financial professionals pass their securities pre - licensing exams. The Institute offers premium quality textbooks, state of the art exam simulators, live and online classes for all securities pre licensing and continuing education needs. Students who are preparing for their exams can sample and view all of our products by visiting The Institute's Website at http://www.securitiesce.com/

Jeffrey Van Blarcom, Managing Director, adds "The Securities Institute of America is extremely pleased to introduce our series 99 training solution featuring the next generation of world class exam prep software. Our new online exam prep software is the most advanced and dynamic online exam prep product offered in the market today. Students preparing for the exams create fully randomized tests by selecting the topics, number of questions, and how and when answers are revealed. The software has many additional levels of customization to allow students to drill down deeper and to further customize their testing to pinpoint the exact area the student wants to focus on. Once the student is confident in the application of the knowledge they may move on to fully randomized final exams created by our software system. This is a huge improvement to the static online exams currently available. “

Social Learning

Students who are testing using our online exam prep software can join live study groups while taking practice questions to discuss exam topics, exam questions, and test taking strategies Live 24 x 7. Students can also get help directly from an instructor when available.

Test, Track & Interact

Students may take practice exams using any PC, Mac, Iphone, Ipad, Blackberry or Android device. Managers and Training Directors can view real time dynamic reports of their agents’ progress. Managers and Training Directors can interact live online with their agents and can schedule, manage and lead live group study sessions

“There is nothing like our online exam prep software, it is truly amazing. For over 15 years The Securities Institute has been the leading developer of exam training technology for the securities industry. The Securities Institute is committed to providing the most updated material available. We continuously update our products and are constantly working on developing new and innovative ways to meet our students’ exam preparation needs” said Van Blarcom.

About The Securities Institute of America

The Securities Institute of America, Inc. was founded by a diverse group of Wall Street professionals for Wall Street professionals. Our team's experience brings you the information and knowledge required for your success in the financial services industry. The Securities Institute of America, Inc. offers clients world class training and consulting services. It is this high level of professionalism that makes our team requested by name at some of the largest financial firms in the world. The Securities Institute of America, Inc. provides a unique blended learning experience to each of its students, offering customized learning solutions to each individual based on their personal ability to learn. The Securities Institute of America, Inc. offers premium quality text books, state of the art exam simulators, live and online classes for all securities pre-licensing and continuing education needs. Students who are preparing for their exams can sample all of our products on our website. To learn more about The Securities Institute of America, Inc. visit us on the Web at http://www.securitiesce.com/

Take some free series 99 exam questions on our site at:

http://www.securitiesce.com/web/pages/series99/index.php

Free Series 99 Exam Question

2012-08-21T09:00:00.000-07:00

Series 7 Exam - Options

2012-06-21T20:38:00.000-07:00

Here is some great series 7 exam information regarding how buyers and sellers of options manage, enter and exit option trades

Managing an Option Position

Both the buyer and seller, in an option trade, establish the position with an opening transaction. The buyer has an opening purchase and the seller has an opening sale. To exit the option position, an investor must “close out” the position. The buyer of the option may exit their position through:

 A Closing Sale

 Exercising The Option

 Allowing The Option To Expire

The Seller of an option may exit or close out their position through:

 A Closing Purchase

 Having the Option Exercised or Assigned to Them

 Allowing The Option to Expire

Most individual investors do not exercise their options and will simply buy and sell options in much the same way as they would buy or sell other securities.

Take some free series 7 exam questions on our site at:

http://www.securitiesce.com/web/pages/series7/index.php

Free Series 7 Exam Tip

2012-06-18T10:24:00.001-07:00

Here is some good information for the series 7 exam relating to short sales:

Short Sales

An investor, who believes that a stock price has appreciated too far and is likely to decline, may profit from this belief by selling the stock short. In a short sale, the customer borrows the security in order to complete delivery to the buying party. The investor sells the stock high hoping that they can buy it back cheaper and replace it. It is a perfectly legitimate investment strategy. The investor’s first transaction is a sell and they exit the position by repurchasing the stock. The short sale of stock has unlimited risk because there is no limit to how high the stock price may go. The investor will lose money if the stock appreciates past their sales price.

Affirmative Determination

All firms and agents are required to make an affirmative determination for all sell orders entered on behalf of the firm or a customer. All sell orders must be marked either long or short. A person is considered long the security if the investor:

 Has possession of the security

 Has purchased the security but the trade has not settled

 Has issued conversion or exercise instructions for a right, warrant, option, convertible bond or preferred stock

 If the investor owns rights, warrants, options, or a convertible security but has not issued exercise or conversion instructions the investor is not considered long the security.

The firm must make a determination if the customer is long the security or if they are selling short. If the customer is selling short, the firm must determine if the security can be borrowed for delivery.

An investor is only considered long the security to the extent of their net long position in the security. If an investor is long 1000 shares of ABC and is short 600 shares of ABC in another account, the investor may only mark a sell ticket for 400 shares of ABC long.

Take some free series 7 exam questions on our site at:

http://www.securitiesce.com/web/pages/series7/index.php

Series 55 Exam Question

2012-05-23T06:12:00.000-07:00

Here is a great series 55 exam question regarding the many different types of orders that can be placed in the NASDAQ Market Center Execution System:

After being posted to the NASDAQ book which of the following orders will reroute to other market centers ?

(A) Inter market sweep order / ISO

(B) Price to comply order

(C) Reactive electronic STGY order

(D) Scan order

(C) After being posted to the NASDAQ book reactive electronic STGY orders will reroute to other market centers if quotes from other market centers would allow the order to be executed.

Take some free series 55 exam questions on our site at:

http://www.securitiesce.com/web/pages/series55/index.php

Series 24 Exam Tip!

2012-05-01T11:19:00.000-07:00

Here is some great information for the series 24 exam regarding customer account transfers / ACATS. Series 24 exam students sometimes get tripped up on the ACAT process. Reading the flowing information can greatly help you master the account transfer process for the series 24 exam.

Account Transfer

Clients from time to time will wish to have their accounts transferred from one brokerage firm to another. This is usually accomplished through an Automated Client Account Transfer, or an ACAT. The ACAT provides transfer and delivery instructions to the firm, which will be required to deliver the account to the client’s new firm. Once transfer instructions are received, no new orders may be accepted and all open orders must be cancelled, except for open orders for options that expire within seven days. The firm that receives the transfer instructions is required to validate the instructions or take exception to them within one business day. Upon validation, the transfer instructions must be sent back to the receiving firm with a list of the positions to be transferred, the value of the positions and a description for any securities that do not have a CUSIP number. Once the instructions have been validated, the firm has another three business days to complete the account transfer. A firm may only take exception to the instructions for the following reasons:

 The customer’s signature is missing or invalid

 The account title does not match the carrying firm’s account title

 The social security number does not match

 The account number is wrong

A difference in securities positions and free credit balances is not a reason to take exception to the transfer instructions. From time to time, certain investment positions will not be able to be transferred from the old firm to the new firm. The customer must be informed of this fact in writing and the customer is required to give specific instructions as to what should be done with that investment. The customer may elect to:

 Leave the investment at the old firm

 Have it liquidated

 Have it shipped to them

If the position is liquidated, the proceeds must be forwarded to the customer within five business days. If the customer is transferring an account that has a checking account, debit, or credit card connected to the account, the customer must return or destroy the checks and the card. Broker dealers that engage in partial account transfers from one broker dealer to another use the DTC to settle the transfers. If the old firm fails to deliver a position to the new firm, the old firm has a fail to deliver and the new firm has a fail to receive. Securities or cash positions that are transferred to the new firm that were not on the ACAT form are known as “residual credits”. Occasionally after the account has been transferred dividends and interest payment may get posted to the customer’s account at the original carrying firm. If this happens the original firm is required to continue to send any residual credits for six months and must make the transfer within 10 business days of the credit being posted to the customer’s former account.

Take some free series 24 exam questions on our site at::

http://www.securitiesce.com/web/pages/series24/index.php

Series 55 Exam Information

2012-04-12T09:54:00.000-07:00

Here is some great information on ECNs for the series 55 exam.

Electronic Communication Networks / ECNs

Electronic Communication Networks, or ECNs, operate independently of FINRA. ECNs display and execute third party orders and are allowed access to the NASDAQ Market Center Execution System. ECNs are widely used by broker dealers, market makers and institutional investors to display and execute orders. ECNs are registered as broker dealers with the SEC and have their quotes included in the NASDAQ quote system. ECNs are not required to maintain a two-sided market like a market maker and ECNs do not take positions securities. ECN's will typically charge access fess to its subscribers and for incoming orders that execute against its displayed quotations. Many ECNs will offer rebates to subscribers who provide liquidity by entering non-marketable limit orders that are displayed by the ECN. There are two ways that the ECN may participate in the market. The ECN may be a full participation ECN or it may be an order delivery ECN. Full participation ECNs may:

 Display quotes

 Enter and accept directed and non directed orders

 Accept automatic executions

 May send orders for automatic execution through the NASDAQ Market Center Execution System

Full participation ECNs will have their ID followed by “#+” notation. Order entry ECNs may display quotes, enter and accept directed and non-directed orders. The order entry ECN may fill, decline, price improve, or allow an order it has received to expire. If the order sent to the order entry ECN expires, the order will be canceled and sent to the next participant at the inside market by the NASDAQ Market Center Execution System. Order entry ECNs will have their ID followed by a “#” notation.

TAKE NOTE!

If an ECN allows customers to enter orders which are broken down into smaller price increments than 1 cent, and that quote is part of the inside market, the NASDAQ system will round the quote to reflect the smallest price increment variation. Bids will be rounded down to the nearest cent and offers will be rounded up.

Take some free series 55 exam questions on our site at:

http://www.securitiesce.com/web/pages/series55/index.php

Series 55 Exam Information

2012-04-06T09:00:00.000-07:00

The series 55 exam can present many challenges for test takers. One of the areas students have issues with is the variety of orders that may be entered into the NASDAQ system. Here is some great information on just a few types of orders

Price to Comply Order - orders entered as price to comply orders that lock or cross an external market will automatically be adjusted by the NASDAQ system to comply with the locked and crossed market rules of regulation NMS. Buy orders entered at a price above the lowest offer will be adjusted to the price of the lowest offer. Orders to sell entered at a price below the highest bid will be adjusted to the price of the highest bid. If the market changes to cause the adjusted order to again lock or cross the market the order will be cancelled.

Minimum Quantity Orders - orders entered in the NASDAQ system that specify a minimum number of shares to be executed or cancelled may only be entered as market hours immediate or cancel or as system hours immediate or cancel. Market hours IOC orders may not be entered prior to the opening cross or after the closing cross.

Firms may also enter orders in the NASDAQ system that may be sent to other markets for execution. Orders that may be routed to other markets include:

SCAN Order- this order routing type will first try to execute the order in the NASDAQ system at a price better than the NBBO if the order is not executed it will then route the order to other markets for execution. If any portion of the order is not filled after being routed to other markets it will be returned to the NASDAQ system and be posted in the NASDAQ book. Once posted to the NASDAQ book the order will not be rerouted if the order subsequently locks or crosses an external market.

Reactive Electronic STGY Order- This order acts as a SCAN order, however the order will reroute after it is posted to the NASDAQ book if another market locks or crosses the order.

Aggressive Electronic SPDY Order - limit orders entered as SPDY orders act as STGY orders. Market orders entered as SPDY orders will track the inside market on the same side of the market for which the order is entered. SPDY market orders to buy will track the highest bid while SPDY market orders to sell will track the inside offer.

Pegged Orders

A pegged order is an order entered through NASDAQ which is designed to track the inside market of the stock for which it is entered for execution. A pegged order may be entered as a primary peg, as a mid point peg or as a market peg. A primary peg order to buy will track the best bid, while a primary peg order to sell will track the offer. A mid point peg order to buy or sell will track the mid point of the spread between the best bid and offer. A market peg order to buy will track the offer and a market peg order to sell will track the bid. As the market for the stock changes the pegged order will automatically adjust to track the market until the order is filled. All pegged orders must be entered as day orders.

take some free series 55 exam questions on our site at:
http://www.securitiesce.com/web/pages/series55/index.php

Series 24 Exam Information

2012-04-04T10:08:00.001-07:00

Here is some great series 24 exam information regarding Rule 144
Rule 144

Rule 144 regulates how control or restricted securities may be sold. Rule 144 designates:

 The holding period for the security

 The amount of the security that may be sold

 Filing procedures

 Method of sale

Control securities are owned by officers, directors, and owners of 10% or more of the company’s outstanding stock. Control stock may be obtained by insiders through open market purchases or though the exercise of company stock options. There is no holding period for control securities. However, insiders are not allowed to earn a short swing profit through the purchase and sale of control stock in the open market. If the securities were held less than 6 months, the insider must return any profit to the company.

Restricted securities may be purchased by both insiders and investors though a private placement or be obtained through an offering other than a public sale. Securities obtained through a private placement or other non-public means need to be sold under rule 144 in order to allow the transfer of ownership. Restricted stock must be held fully paid for, for 6 months. After 6 months the securities may be sold freely by non-insiders. Rule 144 sets the following volume limits for both restricted and control stock during any 90-day period. The seller must file form 144 at the time the order is entered and for NYSE and NASDAQ listed securities the sale is limited to the greater of:

 The average weekly trading volume for the preceding four weeks; Or

 1% of the issuer’s total outstanding stock

Under Rule144 the volume limitation for Non NASDAQ securities is 1% of the issuer’s outstanding stock. All sales under Rule 144 require that the issuer have adequate financial information publicly available and is filing reports with the SEC. Form 144 does not need to be filed for orders for 5000 shares or less and that do not exceed $50,000.

take some free series 24 exam questions on our site at:

http://www.securitiesce.com/web/pages/series24/index.php

series 24 Exam

2012-03-26T11:18:00.001-07:00

Here is some great information for the series 24 exam relating to net transactions with customers:

Net Transactions With Customers:

A broker dealer when acting as principal may execute a transaction for a customer as a “net transaction”. In a net transaction the broker dealer will purchase the security in the market place at one price and sell it to the customer at a higher price for a profit instead of charging the customer a markup. The profit received by the broker dealer is not reported on the customer’s confirmation, which only shows the net price. Because the trades take place at two different prices both trades must reported to the tape though the NASDAQ TRF. Individual customers must give the broker dealer written permission for each trade to be executed on a net basis. Institutional customers may approve net transactions orally, in writing or may give blanket consent by not replying to a negative consent letter which would allow the institution to opt out of net transactions by replying to the letter.

take some free series 24 exam questions on our site at:

http://www.securitiesce.com/web/pages/series24/index.php

Series 65 Exam Topic

2012-02-21T09:59:00.000-08:00

Here is some great information for the series 65 exam !

Efficient Market Theory

The efficient market theory believes that all of the available information is priced into the market at any given time and it is impossible to beat the market by taking advantage of price or time inefficiencies. Proponents of the efficient market theory may follow the theory in the following ways:

Weak-form efficiency - states that the future price of a security can not be predicted by studying the past price performance of the security. This form of the theory believes that technical analysis can not produce excess returns.

Semi-strong form efficiency – states that the market price of a security adjusts too rapidly to newly available information to achieve an excess return by trading on that information.

Strong-form efficiency – states that the current price of a security reflects all information known and unknown to the public and there is no opportunity to earn excess returns.

take some free series 65 exam questions on our website at:

http://www.securitiesce.com/web/pages/series65/index.php

Series 6 Exam Question

2012-02-15T17:18:00.000-08:00

Here is a great example of a series 6 exam question:

Which of the following statements is (are) true of a variable annuity's separate account?

I. It is used for the investment of monies paid by variable annuity contract holders

II. It is separate from the insurance company's general investments

III. It is operated in a manner similar to an investment company

IV. It is as much a security as it is an insurance product

A) I only
B) II and III
C) I and IV
D) I, II, III, IV

D) The separate account is used for the monies invested in variable annuities. It is kept separate from the general account and operated very much like an investment company. It is considered both an insurance product and an investment product.

Take some free series 6 exam questions on our site at:

http://www.securitiesce.com/web/pages/series6/index.php

Series 4 Exam - Series 4 Exam Topic

2012-02-13T20:18:00.000-08:00

Here are some great details for non standard options for the series 4 exam

Binary Options

Binary Options are a way to speculate on the price of an underlying index based on your opinion of where a market will be in a certain period of time. Binary options are contracts that, at expiration, pay out a pre-determined, fixed amount or nothing at all. The payout amount for CBOE binary options is $100 per contract.

Binary options are based on an underlying security, have various strike prices as well as various expirations. CBOE lists both call and put binary options. If, at expiration, the price of the underlying security closes at or above the selected strike price, the buyer of a binary call option receives $100 per contract. If the underlying security closes at a price that is below the strike price on the expiration date, the buyer receives nothing.

In the case of binary put options, the put buyer receives $100 per contract if the underlying security closes below the strike price at expiration, and nothing if the underlying security closes at or above the strike price at expiration. As with traditional options, a binary option position may be liquidated (bought or sold to close) prior to expiration. The price of a binary option usually reflects the perceived probability that the underlying security price will reach or exceed (for call binary options) or fail to reach or exceed (for put binary options) the selected strike price at expiration. The cost of CBOE binary options will normally be quoted at a price between zero and $1 (which equates to $1 to $100 per contract). Buyers of binary options pay for the contract at the time of purchase.

Take some free series 4 exam questions on our site at:

http://www.securitiesce.com/web/pages/series4/index.php

Series 65 Exan - Series 65 Exam Question

2012-02-13T20:06:00.000-08:00

Here is a great series 65 exam question

What does a proponent of fundamental analysis use to value common stock?

I. Trade volume

II. Discounted Cash Flow

III. P/E ratio

IV. Moving price average

A) I and III

B) II and IV

C) II and III

D) I and IV

Answer: C

The correct answers are II and III. A fundamental analyst would look at the financial make up of the company and how that financial value of the company is priced in the market place. Of the choices listed a fundamental analyst would use a discounted cash flow method which would be used to place a current value on the company's future earnings and a P/E ratio which would tell the analyst what people are paying in the market place for those earnings on a per share basis. Moving averages and trade volume would be used by an investor interested in technical analysis.

take some free series 65 exam questions on our site at:

http://www.securitiesce.com/web/pages/series65/index.php