Name: Wiley FINRA Series 6 Exam Review 2017 By Wiley
SKU: 9781119379799
Price: 98.67 USD
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Wiley FINRA Series 6 Exam Review 2017 Summary

Wiley FINRA Series 6 Exam Review 2017: The Investment Company and Variable Contracts Products Representative Examination by Wiley

The go-to guide to acing the Series 6 Exam! Passing the Series 6 Exam qualifies an individual to function as an agent of a broker dealer and allows the limited representative to transact business in mutual funds (closed-end funds on the initial offering only), unit investment trusts, variable annuities, and variable life insurance products. In addition to passing the Series 6 Exam, an agent may be required to pass a state life insurance exam to transact business in variable contracts. Created by the experts at The Securities Institute of America, Inc., Wiley Series 6 Exam Review 2017 arms you with what you need to score high on this tough 100-question test. Designed to let 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 6 Exam Review 2017 is your ticket to passing the Series 6 test on the first try with flying colors!

About the Series 6 Exam xv About This Book xix About the Test Bank xxi About the Securities Institute of America xxiii Chapter 1 Equity Securities 1 What Is a Security? 1 Equity = Stock 2 Common Stock 2 Preferred Stock 12 Options 20 Calls 20 Puts 20 Bullish vs. Bearish 21 Characteristics of All Options 21 Exercise Price 22 Buyer vs. Seller 22 Possible Outcomes for an Option 22 Currency Risks 23 Functions of the Custodian Bank Issuing ADRs 23 Real Estate Investment Trusts (REITs) 23 Issuing Corporate Securities 24 Types of Underwriting Commitments 24 Types of Offerings 25 Awarding the Issue 26 The Underwriting Syndicate 26 Selling Group 26 Securities Markets 27 The Exchanges 28 Over the Counter/Nasdaq 28 Market Makers 29 Third Market 29 Fourth Market 29 Broker vs. Dealer 29 Pretest 31 Chapter 2 Debt Securities 35 Corporate Bonds 35 Types of Bond Issuance 36 Bond Certificate 37 Bond Pricing 37 Corporate Bond Pricing 38 Bond Yields 38 Bond Maturities 41 Types of Corporate Bonds 42 Converting Bonds into Common Stock 45 Advantages of Issuing Convertible Bonds 46 Disadvantages of Issuing Convertible Bonds 46 Convertible Bonds and Stock Splits 46 The Trust Indenture Act of 1939 47 Bond Indenture 47 Ratings Considerations 47 Retiring Corporate Bonds 48 Collateralized Mortgage Obligation (CMO) 50 CMOs and Interest Rates 51 Types of CMOs 51 Private-Label CMOs 53 Exchange-Traded Notes (ETNs) 53 Pretest 55 Chapter 3 Government and Municipal Securities 59 Series EE Bonds 59 Series HH Bonds 60 Treasury Bills, Notes, and Bonds 60 Treasury Bond and Note Pricing 61 Treasury Strips 62 Treasury Receipts 62 Treasury Inflation-Protected Securities (TIPS) 63 Agency Issues 63 Government National Mortgage Association (GNMA) 63 Federal National Mortgage Association (FNMA) 64 Federal Home Loan Mortgage Corporation (FHLMC) 64 Federal Farm Credit System (FFCS) 64 Municipal Bonds 65 Legal Opinion 66 Municipal Bond Insurance 66 Tax Equivalent Yield 67 Purchasing a Municipal Bond Issued in the State in Which the Investor Resides 67 Triple Tax-Free 68 Capital Gains 68 Pretest 69 Chapter 4 The Money Market 71 Money Market Instruments 71 Corporate Money Market Instruments 71 Government Money Market Instruments 73 Municipal Money Market Instruments 74 International Money Market Instruments 74 Interest Rates 74 Pretest 77 Chapter 5 Economic Fundamentals 79 Gross Domestic Product (GDP) 79 Recession 81 Depression 81 Economic Indicators 81 Economic Policy 83 Tools of The Federal Reserve Board 83 Fiscal Policy 86 Consumer Price Index (CPI) 87 Inflation/Deflation 87 Real GDP 87 International Monetary Considerations 88 Pretest 89 Chapter 6 Mutual Funds 93 Investment Company Philosophy 93 Types of Investment Companies 94 Open-End vs. Closed-End Funds 95 Diversified vs. Nondiversified 96 Investment Company Registration 97 Investment Company Components 99 Mutual Fund Distribution 101 Selling Group Member 101 Distribution of No-Load Mutual Fund Shares 102 Distribution of Mutual Fund Shares 102 Mutual Fund Prospectus 102 Characteristics of Open-End Mutual Fund Shares 104 Mutual Fund Investment Objectives 105 Other Types of Funds 106 Bond Funds 107 Valuing Mutual Fund Shares 109 Changes in the NAV 110 Sales Charges 111 12B-1 Fees 113 Calculating a Mutual Fund s Sales Charge Percentage 113 Finding the Public Offering Price 114 Sales Charge Reductions 114 Breakpoint Schedule 115 Letter of Intent 115 Backdating a Letter of Intent 116 Breakpoint Sales 116 Rights of Accumulation 116 Automatic Reinvestment of Distributions 117 Other Mutual Fund Features 117 Cost Base of Multiple Purchases 121 Purchasing Mutual Fund Shares 122 Sales Charges 125 45-Day Free Look 126 Withdrawal Plans 126 Recommending Mutual Funds 127 Structured Retail Products/SRPs 128 Pretest 129 Chapter 7 Variable Annuities and Life Insurance 135 Annuities 135 Equity Indexed Annuity 138 Recommending Variable Annuities 139 Annuity Purchase Options 140 Accumulation Units 141 Annuity Units 141 Annuity Payout Options 142 Factors Affecting the Size of the Annuity Payment 143 The Assumed Interest Rate (AIR) 143 Taxation 144 Types of Withdrawals 144 Annuitizing the Contract 145 Expenses and Guarantees 145 Other Charges 146 Life Insurance 147 Premiums and Death Benefits 149 Assumed Interest Rate 150 Variable Policy Features 151 Tax Implications of Life Insurance 151 Pretest 153 Chapter 8 Retirement Plans 157 Individual Plans 157 Individual Retirement Accounts (IRAs) 158 Traditional IRAs 158 Roth IRAs 159 Simplified Employee Pension IRA (SEP IRA) 160 Death of an IRA Owner 162 Educational IRA/Coverdell IRA 162 529 PLANS 163 Tax-Sheltered Annuities (TSAs)/Tax-Deferred Accounts (TDAs) 164 Corporate Plans 166 Rolling Over a Pension Plan 169 Employee Retirement Income Security Act of 1974 (ERISA) 169 ERISA 404C Safe Harbor 171 Department of Labor Fiduciary Rules 171 Health Savings Accounts 172 Pretest 173 Chapter 9 Customer Accounts 177 Holding Securities 179 Mailing Instructions 180 Types of Accounts 181 Commingling Customer s Pledged Securities 191 Wrap Accounts 191 Regulation S-P 191 Pretest 193 Chapter 10 Customer Recommendations, Professional Conduct, and Ta xation 197 Professional Conduct in the Securities Industry 198 Fair Dealings with Customers 198 Periodic Payment Plans 203 Mutual Fund Current Yield 203 Information Obtained from an Issuer 203 Disclosure of Client Information 204 Borrowing and Lending Money 204 Gift Rule 204 Outside Employment 205 Private Securities Transactions 205 Customer Complaints 205 Investor Information 206 NYSE/FINRA Know Your Customer 206 Investment Objectives 207 Risk vs. Reward 209 Alpha 211 Beta 211 Products Made Available through Member Firms 211 Recommendations through Social Media 212 Tax Structure 214 Investment Taxation 214 Calculating Gains and Losses 214 Cost Base of Multiple Purchases 215 Deducting Capital Losses 216 Wash Sales 216 Taxation of Interest income 217 Inherited Securities 217 Donating Securities to Charity 218 Gift Taxes 218 Estate Taxes 218 Withholding Tax 218 Corporate Dividend Exclusion 219 Alternative Minimum Tax (AMT) 219 Taxes on Foreign Securities 219 Pretest 221 Chapter 11 Securities Industry Rules and Regulations 225 The Securities Exchange Act of 1934 225 The Securities and Exchange Commission (SEC) 226 Extension of Credit 227 The National Association of Securities Dealers (NASD) 227 Becoming a Member of FINRA 229 Hiring New Employees 230 Disciplinary Actions Against a Registered Representative 231 Resignation of a Registered Representative 232 Continuing Education 232 Firm Element Continuing Education 233 Regulatory Element 233 Termination for Cause 234 Retiring Representatives/Continuing Commissions 234 State Registration 234 Registration Exemptions 235 Persons Ineligible to Register 235 Communications with the Public 235 FINRA Rule 2210 Communications with the Public 236 Broker Dealer Websites 239 Blind Recruiting Ads 239 Generic Advertising 240 Tombstone Ads 240 Testimonials 241 Free Services 241 Misleading Communication with the Public 241 Securities Investor Protection Corporation Act of 1970 241 Net Capital Requirement 242 Customer Coverage 242 Fidelity Bond 243 The Insider Trading & Securities Fraud Enforcement Act of 1988 243 Firewall 244 Telemarketing Rules 244 Do Not Call List Exemptions 245 The Role of the Principal 245 Violations and Complaints 246 Resolution of Allegations 246 Minor Rule Violation 246 Code of Arbitration 247 The Arbitration Process 247 Mediation 249 Currency Transactions 249 The Patriot Act 250 U.S. Accounts 251 Foreign Accounts 251 Identity Theft 252 Annual Compliance Review 252 Business Continuity Plan 252 Sarbanes-Oxley Act 253 The Uniform Securities Act 254 Pretest 257 Answer Keys 263 Glossary of Exam Terms 273 Index 339

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Sku

CIN1119379792G

ISBN 13

9781119379799

ISBN 10

1119379792

Title

Wiley FINRA Series 6 Exam Review 2017: The Investment Company and Variable Contracts Products Representative Examination by Wiley

Author

Wiley

Condition

Used - Good

Binding type

Paperback

Publisher

John Wiley & Sons Inc

Year published

20170502

Number of pages

384

Prizes

N/A

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Book picture is for illustrative purposes only, actual binding, cover or edition may vary.

Note

This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in good condition, but if you are not entirely satisfied please get in touch with us

Wiley FINRA Series 6 Exam Review 2017 Wiley

Wiley FINRA Series 6 Exam Review 2017 by Wiley

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Wiley FINRA Series 6 Exam Review 2017 Summary

Wiley FINRA Series 6 Exam Review 2017: The Investment Company and Variable Contracts Products Representative Examination by Wiley

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