Wiley Series 10 Exam Review 2013 + Test Bank

The go–to guide to acing the Series 10 Exam! Passing the General Securities Sales Supervisor Qualification Exam (Series 9 and 10) qualifies an individual to supervise sales activities in corporate, municipal, and option securities; investment company products; variable contracts; and direct participation programs. The exam covers hiring, qualification, and continuing education; supervision of accounts and sales activities; conduct of associated persons; recordkeeping requirements; and municipal securities regulation. All candidates must have passed the Series 7 Exam before taking the Series 10. Created by the experts at The Securities Institute of America, Inc., Wiley Series 10 Exam Review 2013 arms you with everything you need to pass this four–hour, 145–question test. Designed tohelp you build and fine–tune your knowledge of all areas covered in the exam and to guarantee thatyou’re prepared mentally and strategically to take the test, it provides: Dozens of examples Assorted practice questions for each subject area covered in the exam Priceless test–taking tips and strategies Helpful hints on how to study for the test, manage stress, and stay focused Wiley Series 10 Exam Review 2013 is your ticket to passing the Series 10 test on the first try—with flying colors! Visit www.wileysecuritieslicensing.com for more information. The Securities Institute of America, Inc. helps thousands of securities and insurance professionals build successful careers in the financial services industry every year. Our securities training options include: Onsite classes Private tutoring Classroom training Interactive online video training classes State–of–the–art exam preparation software Printed textbooks Real–time tracking and reporting for managers and training directors As a result, you can choose a securities training solution that matches your skill level, learning style, and schedule. Regardless of the format you choose, you can be sure that our securities training courses are relevant, tested, and designed to help you succeed. It is the experience of our instructors and the quality of our materials that make our courses requested by name at some of the largest financial services firms in the world. To contact The Securities Institute of America, visit us on the web at www.SecuritiesCE.com or call 877–218–1776. INDICE: ABOUT THE SERIES 10 EXAM xi ABOUT THIS BOOK xv ABOUT THE TEST BANK xvii ABOUT THE SECURITIES INSTITUTE OF AMERICA xix CHAPTER 1 SUPERVISION OF BROKERAGE OFFICE PERSONNEL AND PROCEDURES 1 Hiring New Employees 1 Resignation of a Registered Representative 2 Registration Exemptions 3 Retiring Representatives/Continuing Commissions 4 Persons Ineligible to Register 4 Disciplinary Actions Against a Registered Representative 5 Termination for Cause 6 Outside Employment 6 Private Securities Transactions 6 Gift Rule 7 Communications with the Public 8 FINRA Rule 2210 Communications with the Public 9 Broker Dealer Websites 11 Sharing in a Customer’s Account 12 Borrowing and Lending Money 12 Order Tickets 13 Executing an Order 13 Becoming a Stockholder 15 Accrued Interest 19 Close Outs 19 Customer Confirmations 20 Rules for Good Delivery 21 Rejection of Delivery 22 Reclamation 22 Marking to the Market 23 Customer Account Statements 23 Carrying of Customer Accounts 24 Dividend Distribution 24 Proxies 27 Box Counts 27 Missing and Lost Securities 28 The Customer Protection Rule 29 Broker Dealer Books and Records 30 Pretest 35 CHAPTER 2 GENERAL SUPERVISION AND CUSTOMER RECOMMENDATIONS 39 The Role of the Principal 39 Supervisor Qualifi cations and Prerequisites 40 Continuing Education 41 Tape Recording Employees 43 Information Obtained from an Issuer 43 Customer Complaints 44 Mediation 44 Code of Arbitration 45 Investor Information 47 Member Offices 47 Recommendations to Customers 50 Research Reports 55 Regulation FD (Fair Disclosure) 58 The Insider Trading & Securities Fraud Enforcement Act of 1988 58 Firewall 59 Pretest 61 CHAPTER 3 SUPERVISION OF CUSTOMER ACCOUNTS 63 Opening a New Account 63 Holding Securities 65 The Depository Trust Company (DTC) 66 Mailing Instructions 67 Types of Accounts 67 Trading Authorization 70 Retirement Plans 74 Accounts for Employees of Other Broker Dealers 87 Numbered Accounts 88 Prime Brokerage Accounts 88 Account Transfers 89 Margin Accounts 90 Special Memorandum Account (SMA) for a Long Margin Account 97 Wrap Accounts 107 Regulation S–P 107 Currency Transactions 108 The Patriot Act 108 Isolated Sales Account 110 Securities Investor Protection Corporation Act of 1970 (SIPC) 110 The Penny Stock Cold Call Rule 111 Pretest 113 CHAPTER 4 SALES SUPERVISION OF NEW ISSUES 117 The Securities Act of 1933 117 Freeriding and Withholding/FINRA Rule 5130 120 Underwriting Corporate Securities 121 Exempt Securities 125 Exempt Transactions 126 Rule 137 Nonparticipants 131 Rule 138 Nonequivalent Securities 132 Rule 139 Issuing Research Reports 132 Rule 415 Shelf Registration 132 Regulation M, Rule 104 133 Underwriting Direct Participation Programs 135 Investment Company Registration 135 Mutual Fund Distribution 136 Pretest 143 CHAPTER 5 SUPERVISION OF THE SECONDARY MARKET 147 The Securities Exchange Act of 1934 147 Listing Requirements for the NYSE 152 Types of Orders 155 The Exchanges 158 The Nasdaq Market 170 Pink Sheets 182 Trade Reporting and Comparison Service (TRACS) 182 Advanced Computerized Execution System (ACES) 182 The Order Audit Trail System (OATS) 183 Electronic Communication Networks (ECNs) 183 Third Market 184 Nasdaq Market Center for Listed Securities 184 Fourth Market 185 SEC Regulation ATS 185 FINRA 5% Markup Policy 186 Markups and Markdowns When Acting as a Principal 187 Riskless Principal Transactions 188 Proceeds Transactions 188 Dominated and Controlled Markets 188 ACT/TRF Trade Scan 189 Pretest 193 CHAPTER 6 MSRB RULES AND REGULATIONS 197 Municipal Bonds 197 Issuing Municipal Securities 198 Municipal Fund Securities 209 Municipal Bond Trading 210 Recommending Municipal Bonds 214 Municipal Bond Advertising 214 Municipal Bond Insurance 215 Political Contributions 215 Registration Requirements for Municipal Securities Professionals 217 MSRB Overview 218 Pretest 223 ANSWER KEYS 227 GLOSSARY OF EXAM TERMS 233 INDEX 299  

• ISBN: 978-1-118-67114-6
• Editorial: John Wiley & Sons
• Encuadernacion: Rústica
• Páginas: 330
• Fecha Publicación: 21/11/2013
• Nº Volúmenes: 1
• Idioma: Inglés