Wiley Series 26 Securities Licensing Exam Review 2019 + Test Bank : The Investment Company and Variable Contracts Products Principal Examination /: The Investment Company and Variable Contracts Products Principal Examination. (2019)

• Record Type: Book
• Other Titles: Series 26 exam review study guide + test bank; Series twenty six exam review study guide; Wiley series 26 securities licensing exam review 2019
• Further Information: Note: The Securities Institute of America, Inc.
• Other Names: Securities Institute of America, Inc.
• 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 3 Registration Exemptions 4 Persons Ineligible to Register 4 Disciplinary Actions against a Registered Representative 5 Termination for Cause 6 Outside Employment 7 Private Securities Transactions 7 Gift Rule 7 Sharing in a Customer’s Account 8 Borrowing and Lending Money 9 Order Tickets 9 Executing an Order 9 Becoming a Stockholder 11 Close Outs 15 Dividend Distribution 21 Pretest 25 CHAPTER 2 RECORD KEEPING, FINANCIAL REQUIREMENTS, AND REPORTING 29 Types of Records 29 Storage Requirements 31 Financial Requirements 35 Pretest 49 CHAPTER 3 RECOMMENDATIONS TO CUSTOMERS 55 General Guidelines 55 Suitability Standards 56 Mutual Fund Suitability 57 Exchange-Traded Funds (ETFs) 61 Periodic Payment Plans 63 Mutual Fund Current Yield 63 Suitability 63 Fair Dealings with Customers 63 Recommendations to an Institutional Customer 67 Short Sales in Connection with Recommendations 68 Issuing Research Reports 68 Regulation FD (Fair Disclosure) 71 Recommendations through Social Media 71 Pretest 75 CHAPTER 4 GENERAL SUPERVISION 79 The Role of the Principal 79 Supervisor Qualifications and Prerequisites 80 Continuing Education 81 Tape Recording Employees 83 Heightened Supervisory Requirements 83 Information Obtained from an Issuer 84 Customer Complaints 84 Investor Information 85 Member Offices 85 Currency Transactions 88 The Patriot Act 88 Identity Theft 90 FINRA Rules on Financial Exploitation of Seniors 91 Pretest 93 CHAPTER 5 CUSTOMER ACCOUNTS 97 New Accounts 97 Holding Securities 99 The Depository Trust Company (DTC) 100 Mailing Instructions 101 Types of Account Ownership 101 Trading Authorization 103 ABLE Accounts 108 Accounts for Employees of Other Broker Dealers 109 Numbered Accounts 110 Prime Brokerage Accounts 110 Account Transfer 110 Margin Accounts 112 Day Trading Accounts 113 Commingling Customers’ Pledged Securities 114 Wrap Accounts 114 Regulation S-P 114 Pretest 117 CHAPTER 6 INVESTMENT COMPANIES 121 Investment Company Philosophy 121 Types of Investment Companies 122 Investment Company Registration 125 Investment Company Components 127 Mutual Fund Distribution 129 Mutual Fund Prospectus 130 Anti-Reciprocal Rule 133 Valuing Mutual Fund Shares 133 Sales Charges 135 Taxation of Mutual Funds 142 Voting Rights 147 Yields 147 Portfolio Turnover 148 Purchasing Mutual Fund Shares 148 Withdrawal Plans 151 Recommending Mutual Funds 152 Structured Retail Products/SRPs 153 Pretest 155 CHAPTER 7 VARIABLE ANNUITIES, LIFE INSURANCE, AND RETIREMENT PLANS 159 Annuities 159 Life Insurance 169 Health Savings Accounts 175 Retirement Plans 176 Death of an IRA Owner 181 ERISA 404C Safe Harbor 189 Department of Labor Fiduciary Rules 189 Pretest 191 CHAPTER 8 SECURITIES INDUSTRY RULES AND REGULATIONS 195 Issuing Securities 195 The Securities Exchange Act of 1934 198 The National Association of Securities Dealers (NASD) 201 Becoming a Member of FINRA 203 Foreign Broker Dealers 205 Compensation Paid to Unregistered Persons 205 Registration of Agents/Associated Persons 206 Retiring Representatives/Continuing Commissions 207 State Registration 207 Communications with the Public 207 Securities Investor Protection Corporation Act of 1970 (SIPC) 213 The Securities Acts Amendments of 1975 215 The Insider Trading & Securities Fraud Enforcement Act of 1988 215 Telemarketing Rules 216 The Penny Stock Cold Call Rule 217 Violations and Complaints 218 Political Contributions 222 Investment Adviser Registration 223 Investment Adviser Representatives 225 Investment Adviser Advertising and Sales Literature 226 Investment Adviser Brochure Delivery 227 Soft Dollars 227 Broker Dealers on the Premises of Other Financial Institutions 229 The Uniform Securities Act 230 Sarbanes-Oxley Act 230 SEC Regulation S-K 232 SEC Regulation M-A 233 The Hart-Scott-Rodino Act 234 FINRA Rule 5150 (Fairness Opinion) 235 SEC Regulation S-X 235 Pretest 237 ANSWER KEYS 241 GLOSSARY OF EXAM TERMS 249 INDEX 315
• Publisher Details: Hoboken, New Jersey : John Wiley and Sons, Inc Wiley
• Publication Date: 2019
• Extent: 1 online resource
• Subjects: 332.620973; Securities industry -- Licenses -- United States; Securities industry -- United States -- Examinations; Securities industry -- United States; BUSINESS & ECONOMICS / Finance; Electronic books
• Languages: English
• ISBNs: 9781119552833; 1119552834
• Related ISBNs: 9781119552864
• Notes: Note: Online resource; title from PDF file page (EBSCO, viewed December 27, 2018).
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.