Wiley Series 26 Exam Review 2016 + Test Bank - Bookswagon UAE
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Home > Business and Economics > Finance and accounting > Accounting > Accounting: study and revision guides > Wiley Series 26 Exam Review 2016 + Test Bank: The Investment Company and Variable Contracts Products Principal Examination(Wiley FINRA)
Wiley Series 26 Exam Review 2016 + Test Bank: The Investment Company and Variable Contracts Products Principal Examination(Wiley FINRA)

Wiley Series 26 Exam Review 2016 + Test Bank: The Investment Company and Variable Contracts Products Principal Examination(Wiley FINRA)


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About the Book

The go-to guide to acing the Series 26 Exam! Passing the Investment Company Products/Variable Contracts Limited Principal Qualification Exam (Series 26) qualifies an individual to operate as a principal responsible for supervising and managing a firm and its agents conducting business in open-end mutual funds, variable annuities, and life insurance. The exam covers hiring and qualification, training of representatives, supervision, sales practices, and business processing and recordkeeping rules. A principal must have passed the Series 6 or Series 7 Exams prior to taking the Series 26. Created by the experts at The Securities Institute of America, Inc., Wiley Series 26 Exam Review 2016 arms you with everything you need to pass this long 110-question multiple-choice test. Designed to help you build and fine-tune your knowledge of all areas covered in the exam and to guarantee that you'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 26 Exam Review 2016 is your ticket to passing the Series 26 test on the first try—with flying colors!

Table of Contents:
ABOUT THE SERIES 26 EXAM xi ABOUT THIS BOOK xv ABOUT THE TEST BANK xvii ABOUT THE SECURITIES INSTITUTE OF AMERICA xix CHAPTER 1 BROKERAGE OFFICE PROCEDURES 1 Hiring New Employees 1 Resignation of a Registered Representative 2 Registration Exemptions 3 Persons Ineligible to Register 3 Disciplinary Actions against a Registered Representative 4 Termination for Cause 5 Outside Employment 5 Private Securities Transactions 6 Gift Rule 6 Sharing in a Customer’s Account 7 Borrowing and Lending Money 7 Order Tickets 8 Executing an Order 8 Becoming a Stockholder 9 Close Outs 13 Dividend Distribution 19 Pretest 23 CHAPTER 2 RECORD KEEPING, FINANCIAL REQUIREMENTS, AND REPORTING 27 Types of Records 27 Storage Requirements 29 Financial Requirements 33 Pretest 47 CHAPTER 3 RECOMMENDATIONS TO CUSTOMERS 53 General Guidelines 53 Suitability Standards 54 Mutual Fund Suitability 55 Exchange-Traded Funds (ETFs) 59 Periodic Payment Plans 61 Mutual Fund Current Yield 61 Suitability 61 Fair Dealings with Customers 61 Recommendations to an Institutional Customer 65 Short Sales in Connection with Recommendations 66 Issuing Research Reports 66 Regulation FD (Fair Disclosure) 69 Recommendations through Social Media 69 Pretest 71 CHAPTER 4 GENERAL SUPERVISION 75 The Role of the Principal 75 Supervisor Qualifications and Prerequisites 76 Continuing Education 77 Tape Recording Employees 78 Heightened Supervisory Requirements 79 Information Obtained from an Issuer 80 Customer Complaints 80 Investor Information 80 Member Offices 81 Currency Transactions 83 The Patriot Act 83 Pretest 87 CHAPTER 5 CUSTOMER ACCOUNTS 91 New Accounts 91 Holding Securities 93 The Depository Trust Company (DTC) 94 Mailing Instructions 95 Types of Account Ownership 95 Trading Authorization 97 Accounts for Employees of Other Broker Dealers 102 Numbered Accounts 102 Prime Brokerage Accounts 102 Account Transfer 103 Margin Accounts 104 Day Trading Accounts 106 Commingling Customers’ Pledged Securities 106 Wrap Accounts 106 Regulation S-P 107 Pretest 109 CHAPTER 6 INVESTMENT COMPANIES 113 Investment Company Philosophy 113 Types of Investment Companies 114 Investment Company Registration 117 Investment Company Components 119 Mutual Fund Distribution 121 Mutual Fund Prospectus 122 Anti-Reciprocal Rule 124 Valuing Mutual Fund Shares 125 Sales Charges 126 Taxation of Mutual Funds 133 Voting Rights 138 Yields 139 Portfolio Turnover 139 Purchasing Mutual Fund Shares 139 Withdrawal Plans 143 Recommending Mutual Funds 144 Structured Retail Products/SRPs 144 Pretest 147 CHAPTER 7 VARIABLE ANNUITIES, LIFE INSURANCE, AND RETIREMENT PLANS 151 Annuities 151 Life Insurance 161 Retirement Plans 167 Death of an IRA Owner 173 Erisa 404C Safe Harbor 180 Pretest 181 CHAPTER 8 SECURITIES INDUSTRY RULES AND REGULATIONS 185 Issuing Securities 185 The Securities Exchange Act of 1934 188 The National Association of Securities Dealers (NASD) 191 Becoming a Member of FINRA 193 Foreign Broker Dealers 194 Compensation Paid to Unregistered Persons 194 Registration of Agents/Associated Persons 195 Retiring Representatives/Continuing Commissions 196 State Registration 196 Communications with the Public 196 Securities Investor Protection Corporation Act of 1970 (SIPC) 202 The Securities Acts Amendments of 1975 203 The Insider Trading & Securities Fraud Enforcement Act of 1988 203 Telemarketing Rules 204 The Penny Stock Cold Call Rule 205 Violations and Complaints 206 Political Contributions 210 Investment Adviser Registration 212 Investment Adviser Representatives 214 Investment Adviser Advertising and Sales Literature 214 Investment Adviser Brochure Delivery 215 Soft Dollars 216 Broker Dealers on the Premises of Other Financial Institutions 217 The Uniform Securities Act 218 Sarbanes-Oxley Act 219 SEC Regulation S-K 220 SEC Regulation M-A 221 The Hart-Scott-Rodino Act 222 FINRA Rule 5150 (Fairness Opinion) 223 SEC Regulation S-X 224 Pretest 225 ANSWER KEYS 229 GLOSSARY OF EXAM TERMS 237 INDEX 303


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Product Details
  • ISBN-13: 9781119112051
  • Publisher: John Wiley & Sons Inc
  • Publisher Imprint: John Wiley & Sons Inc
  • Edition: Revised edition
  • Language: English
  • Returnable: N
  • Returnable: N
  • Spine Width: 20 mm
  • Weight: 816 gr
  • ISBN-10: 1119112052
  • Publisher Date: 23 Nov 2015
  • Binding: Paperback
  • Height: 274 mm
  • No of Pages: 336
  • Returnable: N
  • Series Title: Wiley FINRA
  • Sub Title: The Investment Company and Variable Contracts Products Principal Examination
  • Width: 216 mm


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Wiley Series 26 Exam Review 2016 + Test Bank: The Investment Company and Variable Contracts Products Principal Examination(Wiley FINRA)
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