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Home > Business and Economics > Finance and accounting > Finance and the finance industry > Wiley Series 10 Securities Licensing Exam Review 2020 + Test Bank: The General Securities Sales Supervisor Examination--General Module
Wiley Series 10 Securities Licensing Exam Review 2020 + Test Bank: The General Securities Sales Supervisor Examination--General Module

Wiley Series 10 Securities Licensing Exam Review 2020 + Test Bank: The General Securities Sales Supervisor Examination--General Module


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About the Book

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 2020 arms you with everything you need to pass this four-hour, 145-question 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 10 Exam Review 2020 is your ticket to passing the Series 10 test on the first try—with flying colors!

Table of Contents:
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 3 Registration Exemptions 4 Foreign Broker Dealers 5 Compensation Paid to Unregistered Persons 5 Retiring Representatives/Continuing Commissions 6 Persons Ineligible to Register 6 Disciplinary Actions Against a Registered Representative 7 Termination for Cause 8 Outside Employment 9 Private Securities Transactions 9 Gift Rule 9 Communications with the Public 10 FINRA Rule 2210 Communications with the Public 11 Broker Dealer Websites 14 Sharing in a Customer’s Account 15 Borrowing and Lending Money 15 Order Tickets 16 Executing an Order 16 Becoming a Stockholder 17 Accrued Interest 22 Close Outs 26 Customer Confirmations 26 Rules for Good Delivery 27 Delivery of Round Lots 28 Delivery of Bond Certificates 29 Rejection of Delivery 29 Reclamation 30 Marking to the Market 30 Customer Account Statements 30 Carrying of Customer Accounts 31 Dividend Distribution 32 Proxies 35 Box Counts 35 Missing and Lost Securities 36 The Customer Protection Rule 37 Broker Dealer Books and Records 38 Pretest 43 Chapter 2 General Supervision and Customer Recommendations 47 The Role of the Principal 47 Supervisor Qualifications and Prerequisites 48 Continuing Education 49 Tape Recording Employees 51 Heightened Supervisory Requirements 52 Information Obtained from an Issuer 52 Customer Complaints 52 Mediation 53 Code of Arbitration 54 Investor Information 56 Member Offices 56 Business Continuity Plan 60 Recommendations to Customers 61 Research Reports 72 Recommendations through Social Media 75 Regulation FD (Fair Disclosure) 77 The Insider Trading & Securities Fraud Enforcement Act of 1988 77 Firewall 78 Pretest 79 Chapter 3 Supervision of Customer Accounts 81 Opening a New Account 81 Holding Securities 83 The Depository Trust Company (DTC) 84 Mailing Instructions 85 Types of Accounts 85 Trading Authorization 88 ABLE accounts 92 Retirement Plans 94 Accounts for Employees of Other Broker Dealers 106 Numbered Accounts 107 Prime Brokerage Accounts 107 Account Transfers 107 Margin Accounts 109 Special Memorandum Account (SMA) for a Long Margin Account 116 Wrap Accounts 126 Regulation S-P 126 Identity Theft 127 FINRA Rules on Financial Exploitation of Seniors 128 Currency Transactions 129 The Patriot Act 129 Isolated Sales Account 131 Securities Investor Protection Corporation Act of 1970 (SIPC) 132 Health Savings Accounts 133 The Department of Labor Fiduciary Rules 133 The Penny Stock Cold Call Rule 134 Pretest 137 Chapter 4 Sales Supervision of New Issues 141 The Securities Act of 1933 141 Freeriding and Withholding/FINRA Rule 5130 145 Underwriting Corporate Securities 147 Exempt Securities 151 Exempt Transactions 152 Rule 147 Intrastate Offering 159 Rule 137 Nonparticipants 159 Rule 138 Nonequivalent Securities 160 Rule 139 Issuing Research Reports 160 Rule 415 Shelf Registration 161 Regulation M, Rule 104 161 Underwriting Direct Participation Programs 163 Investment Company Registration 164 Mutual Fund Distribution 165 Pretest 171 Chapter 5 Supervision of the Secondary Market 175 The Securities Exchange Act of 1934 175 Listing Requirements for the NYSE 180 Types of Orders 183 The Exchanges 186 Priority of Exchange Orders 187 Limit Up Limit Down (LULD) 201 The Nasdaq Market 202 Pink OTC Market 213 Trade Reporting and Comparison Service (TRACS) 213 Advanced Computerized Execution System (ACES) 214 The Order Audit Trail System (OATS) 214 Electronic Communication Networks (ECNs) 215 Direct Market Access 216 Rogue Trading Prevention 217 Third Market 217 Nasdaq Market Center for Listed Securities 218 Fourth Market 218 SEC Regulation ATS 218 FINRA 5% Markup Policy 219 Markups and Markdowns When Acting as a Principal 220 Riskless Principal Transactions 221 Proceeds Transactions 221 Dominated and Controlled Markets 222 ACT/TRF Trade Scan 222 Pretest 227 Chapter 6 MSRB Rules and Regulations 231 Municipal Bonds 231 Issuing Municipal Securities 232 Municipal Fund Securities 243 Variable Rate Securities 244 Municipal Bond Trading 244 Recommending Municipal Bonds 250 Municipal Bond Advertising 250 Municipal Bond Insurance 250 Political Contributions 251 Registration Requirements for Municipal Securities Professionals 253 MSRB Overview 254 Pretest 259 Answer Keys 263 Glossary of Exam Terms 269 Index 335

About the Author :
The Securities Institute of America, Inc. has an 18 year track record for excellence in securities exam training. Jeffrey Van Blarcom author from The Securities Institute of America, Inc. helps thousands of securities and insurance professionals build successful careers in the financial services industry every year Learn more at : https://securitiesce.com Wiley empowers learners, researchers, universities, and corporations to achieve their goals in an ever-changing world. For over 200 years, Wiley has been helping people and organizations develop the skills and knowledge they need to succeed. Wiley develops digital education, learning, assessment, and certification solutions to help universities, businesses, and individuals move between education and employment and achieve their ambitions. By partnering with learned societies, we support researchers to communicate discoveries that make a difference. Our online scientific, technical, medical, and scholarly journals, books, and other digital content build on a 200-year heritage of quality publishing.


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Product Details
  • ISBN-13: 9781119707660
  • Publisher: John Wiley & Sons Inc
  • Publisher Imprint: John Wiley & Sons Inc
  • Height: 272 mm
  • No of Pages: 368
  • Sub Title: The General Securities Sales Supervisor Examination--General Module
  • Width: 211 mm
  • ISBN-10: 1119707668
  • Publisher Date: 31 Mar 2020
  • Binding: Paperback
  • Language: English
  • Spine Width: 20 mm
  • Weight: 839 gr


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Wiley Series 10 Securities Licensing Exam Review 2020 + Test Bank: The General Securities Sales Supervisor Examination--General Module
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