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Series 66 Exam Podcast

Series 66 Exam Podcast

De: Franz Amussen
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Audio Lessons for the FINRA Series 66 Exam©Series66podcast.com All Rights Reserved Economía Educación Exito Profesional Finanzas Personales
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  • Series 66 Exam Lesson 56 Securities Exchange Act of 1934 Quiz 2024

    Series 66 Exam Lesson 56 Securities Exchange Act of 1934 Quiz 2024
    Oct 2 2024
    Series 66 Exam Lesson 56 Securities Exchange Act of 1934 Quiz This 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 Quiz This 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. 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 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 ...
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    12 m
  • Series 66 Exam Lesson 55 Securities Act of 1933 Quiz 2024

    Series 66 Exam Lesson 55 Securities Act of 1933 Quiz 2024
    Sep 23 2024
    Series 66 Exam Lesson 55 Securities Act of 1933 Quiz This 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 Quiz This 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 ...
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    13 m
  • Series 66 Exam Lesson 28 Unit Investment Trust Quiz 2024

    Series 66 Exam Lesson 28 Unit Investment Trust Quiz 2024
    Sep 18 2024
    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 over. Series 66 Exam Lesson 28 Unit Investment Trust Quiz This 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 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 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 ———————...
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    14 m
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