Wiley Series 66 Exam Review 2013 + Test Bank: The Uniform Combined State Law Examination

INDICE: ABOUT THE SERIES 66 EXAM XIII ABOUT THIS BOOK XVII ABOUT THE TEST BANK XIX ABOUT THE SECURITIES INSTITUTE OF AMERICA XXI CHAPTER 1 DEFINITION OF TERMS 1 Security 1 Person 3 Broker Dealer 4 Agent 4 Issuer 5 Nonissuer 5 Investment Adviser 6 Pension Consultants 6 Form ADV 7 Investment Adviser Representative 8 Solicitor 8 Institutional Investor 8 Accredited Investor 9 Qualifi ed Purchaser 9 Private Investment Company 9 Off er/Off er to Sell/Off er to Buy 9 Sale/Sell 10 Guarantee/Guaranteed 10 Contumacy 10 Federally Covered Exemption 10 Option Contracts 11 Call Options 11 Put Options 11 Futures and Forwards 12 Secondary Market Orders 12 Market Orders 13 Buy Limit Orders 13 Sell Limit Orders 13 Stop Orders/Stop Loss Orders 14 Buy Stop Orders 14 Sell Stop Orders 14 Pretest 15 CHAPTER 2 SECURITIES INDUSTRY RULES AND REGULATIONS 21 The Securities Act of 1933 21 The Securities Exchange Act of 1934 23 Public Utilities Holding Company Act of 1935 25 Financial Industry Regulatory Authority (FINRA) 25 The Trust Indenture Act of 1939 26 Investment Advisers Act of 1940 26 Investment Company Act of 1940 26 Retail Communications/Communications with the Public 27 FINRA Rule 2210 Communications with the Public 28 Blind Recruiting Ads 30 Generic Advertising 30 Tombstone Ads 30 Testimonials 31 Free Services 32 Misleading Communications 32 Securities Investor Protection Corporation Act of 1970 (SIPC) 32 The Securities Acts Amendments of 1975 34 The Insider Trading and Securities Fraud Enforcement Act of 1988 34 Firewall 35 The Telephone Consumer Protection Act of 1991 35 National Securities Market Improvement Act of 1996 36 The Uniform Securities Act 36 Pretest 39 CHAPTER 3 CUSTOMER RECOMMENDATIONS, PROFESSIONAL CONDUCT, AND TAXATION 43 Professional Conduct by Investment Advisers 44 The Uniform Prudent Investors Act of 1994 44 Fair Dealings with Clients 45 Periodic Payment Plans 49 Disclosure of Client Information 50 Borrowing and Lending Money 50 Developing the Client Profi le 50 Investment Objectives 52 Risk vs. Reward 54 Alpha 57 Beta 57 Fundamental Analysis 63 Capitalization 66 Tax Structure 67 Investment Taxation 68 Calculating Gains and Losses 68 Cost Base of Multiple Purchases 69 Deducting Capital Losses 70 Wash Sales 70 Taxation of Interest Income 70 Inherited and Gifted Securities 71 Donating Securities to Charity 71 Trusts 71 Gift Taxes 72 Estate Taxes 72 Withholding Tax 73 Corporate Dividend Exclusion 73 Alternative Minimum Tax (AMT) 73 Taxes on Foreign Securities 74 Pretest 75 CHAPTER 4 VARIABLE ANNUITIES AND RETIREMENT PLANS 79 Annuities 79 Equity–Indexed Annuities 82 Annuity Purchase Options 83 Accumulation Units 83 Annuity Units 84 Annuity Payout Options 84 Factors Aff ecting the Size of the Annuity Payment 85 The Assumed Interest Rate (AIR) 85 Taxation 86 Sales Charges 86 Variable Annuity vs. Mutual Fund 87 Retirement Plans 87 Individual Plans 87 Individual Retirement Accounts (IRAS) 88 529 Plans 91 IRA Contributions 91 IRA Accounts 91 IRA Investments 91 It Is Unwise to Put a Municipal Bond in an IRA 92 Rollover vs. Transfer 92 Keogh Plans (HR–10) 93 Contributions 93 Tax–Sheltered Annuities/Tax–Deferred Account 94 Contributions 95 Tax Treatment of Distributions 95 Corporate Plans 96 Non–Qualifi ed Corporate Retirement Plans 96 Payroll Deductions 96 Deferred Compensation Plans 96 Qualifi ed Plans 97 Types of Plans 97 Rolling Over a Pension Plan 98 Employee Retirement Income Security Act of 1974 (ERISA) 99 ERISA 404C Safe Harbor 101 Pretest 103 CHAPTER 5 REGISTRATION OF BROKER DEALERS, INVESTMENT ADVISERS, AND AGENTS 107 Registration of Broker Dealers 107 Financial Requirements 108 Agent Registration 108 Registering Agents 110 Changes in an Agent’s Employment 111 Mergers and Acquisitions of Firms 111 Renewing Registrations 111 Canadian Firms and Agents 111 Investment Adviser State Registration 112 The National Securities Market Improvement Act of 1996 (The Coordination Act) 112 Investment Adviser Representative 113 State Investment Adviser Registration 114 Capital Requirements 114 Exams 115 Advertising and Sales Literature 115 Brochure Delivery 116 The Role of the Investment Adviser 117 Additional Compensation for an Investment Adviser 117 Agency Cross Transactions 117 Disclosures by an Investment Adviser 118 Investment Adviser Contracts 119 Additional Roles of Investment Advisers 120 Private Investment Companies/Hedge Funds 120 Fulcrum Fees 120 Wrap Accounts 121 Soft Dollars 121 Pretest 123 CHAPTER 6 SECURITIES REGISTRATION, EXEMPT SECURITIES, AND EXEMPT TRANSACTIONS 129 Exempt Securities 129 Securities Registration 130 Exempt Securities/Federally Covered Exemption 133 Exempt Transactions 134 Pretest 139 CHAPTER 7 STATE SECURITIES ADMINISTRATORS AND THE UNIFORM SECURITIES ACT 145 Actions by the State Securities Administrator 145 Actions Against an Issuer of Securities 147 Rule Changes 147 Investigations 149 Civil and Criminal Penalties 149 Jurisdiction of the State Securities Administrator 150 Administrator’s Jurisdiction over Securities Transactions 150 Right of Rescission 152 Statute of Limitations 153 Pretest 155 ANSWER KEYS 161 GLOSSARY OF EXAM TERMS 171 INDEX 237

• ISBN: 978-1-118-67112-2
• Editorial: John Wiley & Sons
• Encuadernacion: Rústica
• Páginas: 270
• Fecha Publicación: 27/09/2013
• Nº Volúmenes: 1
• Idioma: Inglés