Episodios

  • Financial Planning Certification Exam Lesson Podcast: A new Podcast Introduction

    Financial Planning Certification Exam Lesson Podcast: A new Podcast Introduction
    Sep 24 2024
    Introduction

    Financial Planning Certification Exam Lessons is our new series of lessons to help in preparing for the Financial Planning Certification Exam. Our new podcast is your ultimate destination for mastering the essential concepts needed to excel in the financial planning certification exam.

    Throughout each engaging episode, our expert hosts delve into a diverse range of topics crucial for mastering the exam. From investment strategies to retirement planning, tax optimization, and estate planning, we cover all facets of financial planning to ensure you have a well-rounded understanding of the field.

    Our commitment to delivering high-quality content is evident in the meticulous attention to detail we put into crafting each lesson. By breaking down complex concepts into easily understandable segments, we strive to make the learning process both enjoyable and effective for our audience.

    At the core of our podcast is a focus on Financial Planning Certification. We understand the importance of repetition and reinforcement in learning, which is why these lessons are seamlessly integrated throughout every episode. By revisiting key principles and concepts multiple times, we aim to solidify your understanding and enhance your retention of critical information.

    Whether you’re a seasoned financial professional looking to expand your expertise or a newcomer preparing to enter the field, “The Financial Planning Lesson Podcast” has something valuable to offer you. Our content is designed to meet the needs of learners at all stages of their financial planning journey, providing actionable insights and practical strategies that can be applied in real-world scenarios.

    Embark on your path to mastery today with “The Financial Planning Lesson Podcast.” Tune in to discover how our targeted lessons can accelerate your progress and empower you to achieve your professional goals. With our guidance and support, you’ll be well-equipped to tackle the exam and unlock exciting opportunities in the dynamic world of financial planning.

    Here is the link to the Financial Planning Certification Exam Lesson website

    The post Financial Planning Certification Exam Lesson Podcast: A new Podcast Introduction appeared first on Series 65 Prep Audio Lessons for the FINRA Series 65 Exam.
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    1 m
  • Series 65 Exam Lesson 56 Securities Exchange Act of 1934 Quiz

    Series 65 Exam Lesson 56 Securities Exchange Act of 1934 Quiz
    Sep 23 2024
    Series 65 Exam Lesson 56 Securities Exchange Act of 1934 Quiz This is a Series 65 Exam Lesson 56 Securities Exchange Act of 1934 Quiz: a free quiz for Series 65 Exam Lesson 56 Securities Exchange Act of 1934 Quiz. Try it and see how you do if you need help listen the lesson over. Series 65 Exam Lesson 56 Securities Exchange Act of 1934 Quiz Series 65 Exam Lesson 56 Securities Exchange Act of 1934 Quiz is covering the Annuities information you need to understand for the Series 65 Exam Below are questions based on Series 65 Exam Lesson 56 Securities Act of 1933 lesson of the series. Choose the letter of the correct answer. Series 65 Exam Lesson 56 Securities Exchange Act of 1934 Quiz 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. 2. 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 3. The 10-Q is an audited financial report submitted quarterly to the Securities and Exchange Commission. A. True B. False 4. 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 5. 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 6. Under ___, margins are regulated from brokers to their customers. A. Regulation D B. Regulation M C. Regulation T D. Regulation U 7. Broker-dealers are allowed to disclose to customers the routing of the customers’ orders. A. True B. False 8. 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 9. 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 10. 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. 11. 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 12. It is trading on nonpublic material information on the company. A. front running B. insider trading C. pegging D. wash trade 13. 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 14. 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 15. 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 16. Anybody that has nonpublic material information on the company is considered an insider. A. True B. False 17. 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 18. Insiders can trade on the material nonpublic information once the information has been made public. A. True B. False 19. Only the Securities and Exchange Commission can sue insider traders. A. True B. False 20. The statute of limitation for insider trading is ___. A. one year B. three years C. five years D. ten years We hope you did well on this Quiz https://traffic.libsyn.com/secure/stockanalystpodcast/Series_65_Quiz_37_Options_Pt_4_01.mp3 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 ...
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    12 m
  • Series 65 Exam Free Audio Lesson 8 2024

    Series 65 Exam Free Audio Lesson 8 2024
    Apr 30 2024
    Series 65 Exam Free Audio Lesson 8 2024 Series 65 Exam Free Audio Lesson 8 2024 is a lesson for the Series 65 Exam which can lead to the candidate being licensed as an Investment Advisor Representative. The other possible exam would be the series 66 examination. What is the Series 65 Exam? 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 65 to join an RIA firm as a IAR, candidates must complete the exam within 180 minutes. A passing score is 72%, which translates to correctly answering 94 of the 130 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 65 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 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 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 65 Exam Free Audio Lesson 8 2024 appeared first on Series 65 Prep Audio Lessons for the FINRA Series 65 Exam.
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    14 m
  • Series 65 Exam Lesson 25 Quiz Mutual Funds pt. 2

    Series 65 Exam Lesson 25 Quiz Mutual Funds pt. 2
    Apr 23 2024
    Series 65 Exam Quiz Mutual Funds 2 This is a Series 65 Exam Lesson 25 Quiz Mutual Funds pt. 2: a free quiz for Series 65 Exam Quiz Mutual Funds 2 which is covering mutual funds pt 2 . Try it and see how you do if you need help listen the lesson over. Series 65 Exam Lesson 25 Quiz Mutual Funds pt. 2 Series 65 Exam Lesson 25 Quiz Mutual Funds pt. 2 covering more fundamentals of mutual funds you need to understand for the Series 65 Exam Below are questions based on the lesson 25 of the series. Choose the letter of the correct answer. Series 65 Exam Lesson 25 Quiz Mutual Funds pt. 2 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. 2. 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 3. 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 4. 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 5. In financial industry, “Red Herring” refers to ___. A. expense ratio B. hedge funds C. master limited partnerships D. preliminary prospectus 6. 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. 7. 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 8. 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 9. Leveraged funds enhance returns and outperform the market when stocks are going down. A. True B. False 10. A mutual fund or a management company must distribute their income ___. A. annually B. monthly C. quarterly D. weekly 11. A management company distributes its income in a form of ___. (Select all that apply.) A. capital gains B. commissions C. dividends D. interest 12. 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 13. 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 14. 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 15. 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. 16. It is a tax document of a master limited partnership. A. 1099-DIV B. 1601F C. CF-213 D. K-1 17. 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. 18. A mutual fund held in another mutual fund would have double management fees. A. True B. False 19. 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 20. 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 https://traffic.libsyn.com/secure/stockanalystpodcast/Series_65_Quiz_37_Options_Pt_4_01.mp3 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 ...
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    12 m
  • Series 65 Exam Lesson 26 Quiz Mutual Funds pt. 3

    Series 65 Exam Lesson 26 Quiz Mutual Funds pt. 3
    Apr 16 2024
    Series 65 Exam Quiz Mutual Funds 3 This is a Series 65 Exam Lesson 26 Quiz Mutual Funds pt. 3: a free quiz for Series 65 Exam Quiz Mutual Funds 3 which is covering mutual funds pt 3 . Try it and see how you do if you need help listen the lesson over. Series 65 Exam Lesson 25 Quiz Mutual Funds pt. 2 Series 65 Exam Lesson 26 Quiz Mutual Funds pt. 3 covering more fundamentals of mutual funds you need to understand for the Series 65 Exam Below are questions based on the lesson 26 of the series. Choose the letter of the correct answer. Series 65 Exam Lesson 26 Quiz Mutual Funds pt. 3 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. 2. What is the minimum capital for a hedge fund? A. $100,000 B. $200,000 C. $500,000 D. $1,000,000 3. 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 4. A business is qualified to be an accredited investor if all its equity owners are accredited investors. A. True B. False 5. 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 6. The performance of a hedge fund is always better than the market. A. True B. False 7. 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 8. A mutual fund’s annual and semiannual report has an income statement similar to a regular corporate income statement. A. True B. False 9. 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 10. 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. 11. 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 12. 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% 13. 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 14. Investment companies can pass through capital gains ___. A. monthly B. quarterly C. semiannually D. at the end of the year 15. 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 16. 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 17. 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 18. 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 19. In an investment company, ___ of the directors must be non-interested. A. 75% B. 80% C. 85% D. 90% 20. 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 ...
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    13 m
  • Series 65 Exam Lesson 29 Annuities Quiz

    Series 65 Exam Lesson 29 Annuities Quiz
    Apr 9 2024
    Series 65 Exam Lesson 29 Annuities Quiz This is a Series 65 Exam Lesson 29 Annuities Quiz: a free quiz for Series 65 Exam Lesson 29 Annuities Quiz which is covering the unit investment trust . Try it and see how you do if you need help listen the lesson over. Series Series 65 Exam Lesson 29 Annuities Quiz Series 65 Exam Lesson 29 Annuities Quiz is covering the Annuities information you need to understand for the Series 65 Exam Below are questions based on Series 65 Exam Lesson 29 Annuities lesson of the series. Choose the letter of the correct answer. Series 65 Exam Lesson 29 Annuities Quiz 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 2. 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. 3. The earnings on the accumulated funds in an annuity grow tax-deferred. A. True B. False 4. Annuity contracts are sold by investment advisors. A. True B. False 5. Insurance company accounting is quite different from generally accepted accounting principles. A. True B. False 6. 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) 7. 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% 8. 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% 9. 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. 10. 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 11. 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. 12. 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 13. 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 14. 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. 15. 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 16. 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. 17. 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 18. ...
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    14 m
  • Series 65 Exam Lesson 28 Unit Investment Trust Quiz

    Series 65 Exam Lesson 28 Unit Investment Trust Quiz
    Apr 2 2024
    Series 65 Exam Lesson 28 Unit Investment Trust This is a Series 65 Exam Lesson 28 Unit Investment Trust: a free quiz for Series 65 Exam Lesson 28 Unit Investment Trust which is covering the unit investment trust . Try it and see how you do if you need help listen the lesson over. Series 65 Exam Lesson 28 Unit Investment Trust Quiz Series 65 Exam Lesson 28 Unit Investment Trust Quiz is covering the Unit Investment Trust information you need to understand for the Series 65 Exam Below are questions based on Series 65 Exam Lesson 28 Unit Investment Trust of the series. Choose the letter of the correct answer. Series 65 Exam Lesson 28 Unit Investment Trust Quiz 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 2. The unit investment trust is regulated by the Investment Company Act of 1940. A. True B. False 3. 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. 4. 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. 5. 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. 6. A unit investment trust does not expand nor contract in size once issued. A. True B. False 7. Unit investment trusts can invest in ___. (Select all that apply.) A. closed-end funds B. corporate bonds C. government securities D. equities 8. The shares of beneficial interest in a unit investment trust can be redeemed prior to maturity. A. True B. False 9. 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 10. 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% 11. 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 12. 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 13. 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 14. 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. 15. These are risk-free investments. A. direct government securities B. closed-end funds C. unit investment trusts D. treasury bonds 16. 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 17. Rolling over into the next unit investment trust is a non-taxable event. A. True B. False 18. 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 19. 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 20. A large enough position is required before an investor can opt to receive in-kind distribution when the unit ...
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    14 m
  • Series 65 Exam Lesson Supplement Interview with Whistleblower Atty. Mark Pugsley 2024

    Series 65 Exam Lesson Supplement Interview with Whistleblower Atty. Mark Pugsley 2024
    Mar 27 2024
    S Series 65 Podcast Interview with Whistleblower Attorney Mark Pugsley 2024 This is an interview with Whistleblower Attorney Mark Pugsley while this is not information that is required for the Series 7 Exam I think you will be a more knowledgeable advisor if you are aware of the information contained in this interview. Mark Pugsley is quite famous for his part in bringing down Milton Trevor of Nikola corporation. He was featured prominently in the podcast BAD BETS This is information about Mark Pugsley from his website “Mark Pugsley has been handling securities disputes, financial fraud and whistleblower cases for 28 years. His whistleblower practice includes preparing and filing whistleblower tips with the Securities and Exchange Commission (SEC), the Commodities Futures Trading Commission (CFTC) and the Internal Revenue Service (IRS), he also handles False Claims Act or “Qui Tam” lawsuits, FINRA arbitrations and other types of investment disputes. Mark is based in our Utah office, the state which boasts the largest number of Ponzi schemes per capita in the country. He has been recognized by Super Lawyers, Best Lawyers, Benchmark Plaintiffs, and Martindale Hubbell as one of the top securities lawyers in the country. He is licensed to practice law in Utah and California. Mark represents whistleblowers in a number of high-profile ongoing cases, including the whistleblowers in the Washakie Renewable Energy scam in which executives pleaded guilty to criminal charges in a $1 billion biodiesel tax fraud scheme. He also represents the whistleblowers in the Nikola Motors case who uncovered widespread fraud by the CEO, Trevor Milton. The whistleblower report to the SEC in the Nikola case led to a $125 million settlement by the company with the SEC, and Mr. Milton was charged civilly and criminally with securities fraud, among other charges. Another of his whistleblower clients uncovered an ongoing $200 million Ponzi scheme that led to civil and criminal actions by the DOJ, SEC and State regulators. These cases are ongoing. Significant recoveries for his whistleblower, investment fraud and FINRA Arbitration clients include the following: Representation of two whistleblowers in an SEC whistleblower case that was approved for an award in April of 2021. His clients were awarded 30% of the $9,384,253 in ordered fines and penalties – the maximum award possible.Represented the Declarant in a whistleblower case filed against Vivint Smart Home Inc.. On January 6, 2021 the Justice Department announced that Vivint had agreed to pay the United States $3.2 million to resolve the case. His client will receive a significant reward.Represented a client in an $11 million CFTC whistleblower case that was approved for an award in January of 2020. His client will receive a significant portion of all restitution and civil penalties collected by the CFTC.Representation of three clients in a 5-day trial in Utah State Court where his clients were awarded compensatory damages in excess of $3 million, $2 million in punitive damages, and attorney’s fees.Represented a bankruptcy trustee and trustee of a private actions trust pursuing the claims of over 400 victims of a Ponzi scheme against a national life insurance company for securities fraud and the negligent employment of the agents who perpetrated the scheme for over a decade. The parties reached an 8-figure settlement in 2018.Represented 15 clients in a FINRA arbitration case alleging more than $6 million in out of pocket damages involving a rogue broker from a national brokerage firm. The firm settled the case shortly before the arbitration hearing in August of 2018 for a confidential amount.Represented 28 clients in a case alleging more than $10 million in out of pocket damages involving a broker who was employed by a national brokerage firm. The case was settled for a confidential sum that resulted in substantial recovery of his clients’ losses. In addition to his whistleblower practice, Mark has been litigating securities disputes for his entire legal career. He has also handled many FINRA arbitration cases and frequently goes to court to pursue claims for victims of fraud. Prior to founding the law firm of Pugsley & Wood, Mark was a shareholder at the law firm of Ray Quinney & Nebeker in Salt Lake City, where he worked for 23 years. Mark is a recognized expert in the area of securities fraud and has written and spoken extensively on whistleblower law, Ponzi schemes and affinity fraud for many years…..” https://traffic.libsyn.com/secure/stockanalystpodcast/Series_65_Quiz_37_Options_Pt_4_01.mp3 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 ...
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