SECURITIES INDUSTRY EXAM REQUIRED FOR SERIES 7 AND SERIES 6 CANDIDATES

Are you planning to obtain registration as either a Series 6 Mutual Fund/Variable Annuity representative or a Series 7 General Securities representative? 

If so, you will need to take and pass the Securities Industry Essentials exam (SIE) before your Series 6 or Series 7 registration will become effective.

Bob Eder J.D.'s book Study for the Securities Industry Essentials (SIE) Exam covers the important rules and regulations of FINRA and the other SRO's. 

Bob Eder's book is available from Amazon in both paperback and Kindle e-book versions. 

Here is the link to Bob Eder's book on Amazon.


Bob Eder received his Juris Doctor (J.D.) degree from the University of Utah, Quinney College of Law in 2001.

Comments

Post a Comment

Popular posts from this blog

TAKING THE SIE EXAM? CONFUSED BY THE DIFFERENCE BETWEEN REGULATION T AND REGULAR WAY SETTLEMENT?

For anyone taking thee Securities Industry Essentials (SIE) exam, one of the confusing topics is Regulation T and the difference between it and regular-way delivery, or settlement of trades. Regulation T is a regulation of the Federal Reserve Board. It requires that a broker/dealer or brokerage firm receive money from retail customers no later than four business days from the trade date. So if Granma Wilkins places an order to purchase 100 shares of XYZ Corp. on Monday, June 1, then Regulation T requires that the broker/dealer receive the monies for the purchase from Grandma Wilkins no later than Friday, June 5. We can abbreviate this rule by saying that Regulation T requires full payment from a retail customer no later than T+4. Regular-way settlement is a different rule. It specifies that the "regular way" of  settling purchases and sales in the brokerage business is T+2, or two business days following trade. Two points to notice. First, both Reg T and regular-way settlemen...
Read more

AVOID WASTING PRECIOUS SIE STUDY HOURS WITH TEXTS THAT THROW IN THE KITCHEN SINK!

Be careful in preparing for the Securities Industry Essentials exam. Why? Because many study texts include excess material that the SIE exam does not ask about. Many SIE texts on the market today include everything including the kitchen sink. By choosing such a study aid, you could be wasting hours of studying unnecessary subjects. Bob Eder's Study for the Securities Industry Essentials Exam (SIE) avoids unnecessary extraneous topics, and thus unnecessary study hours. How do we do this?  We insert the numerical reference numbers of the SIE Content Outline or syllabus published by FINRA, the creator and administrator of the SIE exam. Furthermore, we insert these outline reference numbers next to each question in the two final exams at the end of the text. These numbers allow the reader or student to easily confirm that the indicated topic is indeed covered by the SIE exam.  For example, the Content Outline for the SIE exam lists certain types of debt instruments that a candid...
Read more

CHANGES TO TIME PERIODS FOR REGULAR-WAY SETTLEMENT AND REGULATION T COMING ON MAY 28, 2024

Taking the Securities Industry Essentials (SIE) Exam in the near future? If so, then you should know that the SEC has changed the rules governing Regular-Way Settlement from two business days to only one business day.  Regular-Way Settlement  will be T+1, not T+2. The effective date of this rule change is one week from tomorrow, or May 28, 2024. Furthermore, the rules of the Fed for payment in both cash and margin accounts now becomes three business days following trade date, or T+3. The former Fed rule was T+4. Make sure that you know these new rules for the SIE Exam. FINRA publishes a Content Outline for the   SIE Exam , and you can find the provisions of Regular-Way Settlement in Section 3.1.3.    You should expect questions about Regular Way Settlement on the SIE Exam. Section 3.1.3 specifically indicates that knowledge of Trade Settlement is important for SIE Candidates to study and to know. Bob Eder covers Trade Settlement in his  Study for the Securi...
Read more