Boston Institute of Finance

The Boston Institute of Finance Mutual Fund Advisor Course (eBook, PDF)

Series 6 and Series 63 Test Prep

• Format: PDF

Produktbeschreibung

Access the industry?s premier print study guide and the industry?s premier online test-prep materials with this unique package. The study guide consists of seven chapters, which parallel the content of the exams. Each chapter includes review questions and provides the core knowledge necessary to pass the exams. The associated test-prep Web course provides sample test questions and tips that will help you get a better feel for the actual exams. Filled with in-depth insight and expert guidance, you won?t need anything else to pass the Series 6 and Series 63 exams. Order your copy today.

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Produktdetails

• Verlag: John Wiley & Sons
• Seitenzahl: 200
• Erscheinungstermin: 29. April 2005
• Englisch
• ISBN-13: 9780471732211
• Artikelnr.: 38208651

Autorenporträt

The BOSTON INSTITUTE OF FINANCE (BIF) (www.Bostonifi.com) develops and distributes multimedia and interactive learning solutions for professionals in the financial services industry. BIF possesses the largest digital repository of training material in the industry and manages the certification and training programs of thousands of corporate and individual learners in the United States and around the world.

Inhaltsangabe

Preface ix
Series 6 Test Preparation 1
Introduction 3
1 Investment Securities 9
Introduction 9
Money and Capital Markets 9
Common Stock 10
Preferred Stock 10
Corporate Bonds 11
Other Types of Corporate Bonds 12
Convertible Bonds 12
Zero Coupon Bonds 12
Interest Rate Risk 13
Yields 13
Rights 13
Warrants 14
Collateralized Mortgage Obligations 14
Interest Rates and Bond Concepts 14
US Government Securities. 15
Municipal Bonds 16
Money Market Instruments 16
Bankers' Acceptances 16
Commercial Paper 16
Negotiable Certificates of Deposit 17
Interbank Market for Foreign Currencies 17
Eurodollar Bonds 17
Additional Concepts 17
Review Questions 19
Answers to Review Questions 22
2 Securities Markets 23
Introduction 23
Types of Investment Risk 23
Economic Factors 25
Suitability and Risk Factors 25
Review Questions 27
Answers to Review Questions 29
3 Open-End Investment Companies 31
Introduction 31
Types of Funds 32
Classes of Shares 33
Mutual Fund Accounts. 34
Distributions by Funds 35
Taxation of Mutual Funds. 36
Mutual Fund Expenses. 36
Review Concepts 37
Important Points 37
Additional Concepts 38
Review Questions 40
Answers to Review Questions 44
4 Regulation of Investment Companies 45
Introduction 45
Sales Charges 46
Breakpoints 46
Advertising by Funds 47
Mutual Fund Sales Literature 48
Dollar Cost Averaging 48
NASD Rules Concerning Investment Companies 48
Mutual Fund Sales by Banks 50
Additional Concepts 51
Review Questions 53
Answers to Review Questions 57
5 Variable Annuities and Retirement Plans 59
Introduction 59
Fixed Annuities 59
Variable Annuities 59
Additional Concepts-Variable Annuities 61
Variable Life Insurance 62
Main Points-Variable Life Insurance Contracts 63
Employee Retirement Income Security Act of 1974 64
Keogh Plans 64
Individual Retirement Accounts 64
Simplified Employee Pension Plan 66
Pension and Profit Sharing Plans 66
401(k) Plans 66
403(b) Plans 67
Review Questions 68
Answers to Review Questions 72
6 NASD Rules and Regulations 73
Certificate of Incorporation 73
Bylaws of the NASD 73
Advertising Rules 74
Broker/Dealers 75
Recommendations Made to Customers 75
Private Securities Transactions 76
Prompt Receipt and Delivery of Securities 76
Proxy Material 76
NASD Hot-Issue Rules 76
Charges for Services 77
Confirmations 77
Discretionary Accounts. 78
Dealing with Nonmembers 78
Other Provisions of NASD Rules 78
NASD Code of Procedure. 80
Uniform Practice Code 80
Confirmations or Comparisons 80
Good Delivery of Securities 80
Trade Date and Settlement Date 80
Investment Companies and NASD Rules of Fair Practice 81
Review Questions 82
Answers to Review Questions 87
7 Federal and State Regulations 89
Securities Act of 1933 89
Exempted Securities under the 1933 Act 89
Red Herring Prospectus 90
Final Prospectus90
Effective Date of Registration Statement90
Liabilities under the 1933 Act 90
The Securities Exchange Act of 1934 91
Insider Transactions 91
Market Manipulation 92
Securities Investor Protection Act of 1970 92
State Securities Laws 93
Uniform Gifts to Minors Act-Uniform Transfer to Minors Act 93
Review Questions 95
Answers to Review Questions 97
Glossary 99
Series 6 Final Examination 105
Additional Practice Questions 1 119
Answers to Additional Practice Questions 1 122
Additional Practice Questions 2 123
Answers to Additional Practice Questions 2 126
Additional Practice Questions 3 127
Answers to Additional Practice Questions 3 130
Series 63 Test Preparation 131
Introduction 133
Important Terms 134
Licensing/Registration Requirements 138
Capital Requirements 139
Recordkeeping 139
Administrative Sanctions 140
Registration of Securities 141
Notification (Filing) 141
Coordination 141
Qualification 142
Registration Provisions 142
Denial of Registration 142
Exempt Securities 142
Exempt Transactions 143
Fraudulent and Other Prohibited Practices 144
Suitability 146
Regulatory Oversight 146
Criminal Penalties 147
Civil Liabilities 147
Judicial Review of Administrative Orders 147
Scope of the Act 148
Consent to Service of Process 148
Additional Concepts-Uniform Securities Act 149
Series 63 Practice Questions and Answer Explanations 151
Practice Questions 1 151
Practice Questions 1-Answer Explanations 158
Practice Questions 2 160
Practice Questions 2-Answer Explanations 167
Practice Questions 3 169
Practice Questions 3-Answer Explanations 176
Practice Questions 4 178
Practice Questions 4-Answer Explanations 182
Index 183