2013, ISBN: 9781118675496

The Investment Company Products/Variable Contracts Limited Representative Examination Inhaltsangabe< p> ABOUT THE SERIES 6 EXAM XV< /p> < p> ABOUT THIS BOOK XIX< /p> < p… Mehr…

The Investment Company Products/Variable Contracts Limited Representative Examination Inhaltsangabe< p> ABOUT THE SERIES 6 EXAM XV< /p> < p> ABOUT THIS BOOK XIX< /p> < p> ABOUT THE TEST BANK XXI< /p> < p> ABOUT THE SECURITIES INSTITUTE OF AMERICA XXIII< /p> < p> CHAPTER 1< /p> < p> SECURITIES MARKETS, INVESTMENT RISKS, AND POLICIES 1< /p> < p> What Is a Security 1< /p> < p> Equity = Stock 2< /p> < p> Debt = Bonds 2< /p> < p> Capitalization 2< /p> < p> The Balance Sheet Equation 3< /p> < p> Common Stock 3< /p> < p> Corporate Time Line 3< /p> < p> Values of Common Stock 5< /p> < p> Rights of Common Stockholders 5< /p> < p> Why Do People Buy Common Stock 8< /p> < p> What Are the Risks of Owning Common Stock 9< /p> < p> How Does Someone Become a Stockholder 9< /p> < p> Preferred Stock 11< /p> < p> Features of Preferred Stock 11< /p> < p> Types of Preferred Stock 12< /p> < p> Types of Dividends 14< /p> < p> Dividend Distribution 15< /p> < p> Taxation of Dividends 17< /p> < p> Selling Dividends 17< /p> < p> Dividend Disbursement Process 17< /p> < p> Rights 17< /p> < p> Possible Outcomes for a Right 18< /p> < p> Standby Underwriting 19< /p> < p> Warrants 19< /p> < p> How Do People Get Warrants 19< /p> < p> Possible Outcomes of a Warrant 20< /p> < p> Options 20< /p> < p> Calls 20< /p> < p> Puts 21< /p> < p> Bullish vs. Bearish 21< /p> < p> Characteristics of All Options 22< /p> < p> Exercise Price 22< /p> < p> Buyer vs. Seller 22< /p> < p> Possible Outcomes for an Option 22< /p> < p> American Depositary Receipts/American Depositary Shares 23< /p> < p> Currency Risks 23< /p> < p> Securities Markets 23< /p> < p> The Exchanges 24< /p> < p> Over the Counter/Nasdaq 24< /p> < p> Market Makers 24< /p> < p> Third Market 25< /p> < p> Fourth Market 25< /p> < p> Broker vs. Dealer 25< /p> < p> Debt Securities/Bonds 26< /p> < p> Corporate Bonds 26< /p> < p> The U.S. Government 26< /p> < p> U.S. Government Agencies 27< /p> < p> Municipal 27< /p> < p> Types of Bond Issuance 27< /p> < p> Bond Certificate 28< /p> < p> Bond Pricing 29< /p> < p> Par Value 29< /p> < p> Discount 30< /p> < p> Premium 30< /p> < p> Corporate Bond Pricing 30< /p> < p> Treasury Bond and Note Pricing 30< /p> < p> Treasury Bill Pricing 31< /p> < p> Municipal Bond Pricing 31< /p> < p> Types of Corporate Bonds 33< /p> < p> Secured Bonds 34< /p> < p> Unsecured Bonds 35< /p> < p> Zero Coupon Bonds 35< /p> < p> Convertible Bonds 36< /p> < p> Converting Bonds into Common Stock 36< /p> < p> Parity Price 37< /p> < p> The Trust Indenture Act of 1939 37< /p> < p> Treasury Bills, Notes, and Bonds 38< /p> < p> Purchasing Treasury Bills 38< /p> < p> Treasury STRIPS 39< /p> < p> Treasury Receipts 39< /p> < p> Nonmarketable Government Securities 39< /p> < p> Agency Issues 40< /p> < p> Collateralized Mortgage Obligation (CMO) 41< /p> < p> CMOs and Interest Rates 42< /p> < p> Municipal Bonds 42< /p> < p> Legal Opinion 43< /p> < p> Municipal Bond Insurance 44< /p> < p> Tax Equivalent Yield 44< /p> < p> Purchasing a Municipal Bond Issued in the State in Which the Investor Resides 45< /p> < p> Triple Tax-Free 45< /p> < p> Capital Gains 45< /p> < p> The Money Market 45< /p> < p> Money Market Instruments 45< /p> < p> Corporate Money Market Instruments 46< /p> < p> Government Money Market Instruments 47< /p> < p> Interest Rates 47< /p> < p> Economics 48< /p> < p> Gross Domestic Product 49< /p> < p> Recession 50< /p> < p> Types of Investment Companies 72< /p> < p> Open End vs. Closed End 73< /p> < p> Diversified vs. Nondiversifi ed 74< /p> < p> Investment Company Registration 75< /p> < p> Registration Requirements 75< /p> < p> Investment Company Components 77< /p> < p> Mutual Fund Distribution 79< /p> < p> Selling Group Member 79< /p> < p> Distribution of No-Load Mutual Fund Shares 79< /p> < p> Distribution of Mutual Fund Shares 80< /p> < p> Mutual Fund Prospectus 80< /p> < p> Characteristics of Open-End Mutual Fund Shares 81< /p> < p> Mutual Fund Investment Objectives 82< /p> < p> Other Types of Funds 84< /p> < p> Bond Funds 84< /p> < p> Exchange-Traded Funds (ETFs) 85< /p> < p> Exchanged-Traded Notes (ETNs) 85< /p> < p> Money Market Funds 86< /p> < p> Money Market Guidelines 86< /p> < p> Valuing Mutual Fund Shares 86< /p> < p> Changes in the NAV 87< /p> < p> Sales Charges 88< /p> < p> Other Types of Sales Charges 89< /p> < p> 12B-1 Fees 89< /p> < p> Calculating a Mutual Fund& rsquo s Sales Charge Percentage 90< /p> < p> Finding the Public Off ering Price 91< /p> < p> Sales Charge Reductions 91< /p> < p> Breakpoint Schedule 92< /p> < p> Letter of Intent 92< /p> < p> Backdating a Letter of Intent 93< /p> < p> Breakpoint Sales 93< /p> < p> Rights of Accumulation 93< /p> < p> Automatic Reinvestment of Distributions 94< /p> < p> Other Mutual Fund Features 94< /p> < p> Taxation of Mutual Funds 95< /p> < p> Distribution of Capital Gains 96< /p> < p> Receiving and Reinvesting Distributions 97< /p> < p> Calculating Gains and Losses 98< /p> < p> Cost Base of Multiple Purchases 98< /p> < p> Deducting Net Capital Losses 99< /p> < p> Wash Sales 99< /p> < p> Other Tax Rules 100< /p> < p> Voting Rights 100< /p> < p> Mutual Fund Recommendations 101< /p> < p> Customer Accounts 103< /p> < p> Holding Securities 104< /p> < p> Transfer and Ship 105< /p> < p> Transfer and Hold in Safekeeping 105< /p> < p> Hold in Street Name 105< /p> < p> Mailing Instructions 105< /p> < p> Trading Authorization 106< /p> < p> Types of Accounts 106< /p> < p> Death of a Customer 107< /p> < p> Corporate Accounts 108< /p> < p> Operating a Discretionary Account 108< /p> < p> Managing Discretionary Accounts 109< /p> < p> Uniform Gifts to Minors Act (UGMA) 109< /p> < p> Accounts for Employees of Other Broker Dealers 111< /p> < p> Purchasing Mutual Fund Shares 111< /p> < p> Withdrawal Plans 115< /p> < p> Pretest 117< /p> < p> CHAPTER 3< /p> < p> VARIABLE ANNUITIES, VARIABLE LIFE INSURANCE,< /p> < p> AND RETIREMENT PLANS 123< /p> < p> Annuities 123< /p> < p> Annuity Purchase Options 127< /p> < p> Accumulation Units 127< /p> < p> Annuity Units 128< /p> < p> Annuity Payout Options 128< /p> < p> Factors Aff ecting the Size of the Annuity Payment 129< /p> < p> The Assumed Interest Rate 129< /p> < p> Taxation 130< /p> < p> Types of Withdrawals 130< /p> < p> Annuitizing the Contract 131< /p> < p> Expenses and Guarantees 131< /p> < p> Other Charges 132< /p> < p> Variable Annuity vs. Mutual Fund 132< /p> < p> Life Insurance 132< /p> < p> Premiums and Death Benefi ts 134< /p> < p> Assumed Interest Rate 136< /p> < p> Variable Policy Features 136< /p> < p> Sales Charges 137< /p> < p> Life Settlements 138< /p> < p> Retirement Plans 139< /p> < p> Individual Plans 139< /p> < p> Individual Retirement Accounts (IRAs) 139< /p> < p> 529 Plans 142< /p> < p> IRA Contributions 142< /p> < p> IRA Accounts < /p> < p> The Securities Exchange Act of 1934 162< /p> < p> The Securities Exchange Commission (SEC) 163< /p> < p> Extension of Credit 164< /p> < p> The National Association of Securities Dealers (NASD) 164< /p> < p> Becoming a Member of FINRA 166< /p> < p> Registration of Agents/Associated Persons 167< /p> < p> Disciplinary Actions Against a Registered Representative 167< /p> < p> Resignation of a Registered Representative 168< /p> < p> Termination for Cause 168< /p> < p> Retiring Representatives/Continuing< /p> < p> Commissions 168< /p> < p> State Registration 169< /p> < p> Continuing Education 169< /p> < p> Firm Element Continuing Education 169< /p> < p> Regulatory Element 169< /p> < p> Registration Exemptions 170< /p> < p> Persons Ineligible to Register 170< /p> < p> Retail Communications / Communications with the Public 171< /p> < p> FINRA Rule 2210 Communications with the Public 172< /p> < p> Broker Dealer Websites 174< /p> < p> Blind Recruiting Ads 175< /p> < p> Generic Advertising 175< /p> < p> Tombstone Ads 175< /p> < p> Testimonials 176< /p> < p> Free Services 176< /p> < p> Misleading Communications with the Public 177< /p> < p> Securities Investor Protection Corporation Act of 1970 (SIPC) 177< /p> < p> Net Capital Requirement 177< /p> < p> Customer Coverage 178< /p> < p> Fidelity Bond 178< /p> < p> The Insider Trading and Securities Fraud Enforcement Act of 1988 178< /p> < p> Firewall 179< /p> < p> The Telephone Consumer Protection Act of 1991 180< /p> < p> Exemption from the Telephone Consumer Protection Act of 1991 180< /p> < p> Recommendations to Customers 180< /p> < p> Recommending Mutual Funds 181< /p> < p> Periodic Payment Plans 182< /p> < p> Mutual Fund Current Yield 182< /p> < p> Professional Conduct in the Securities Industry 183< /p> < p> The Role of the Principal 183< /p> < p> Fair Dealings with Customers 183< /p> < p> Sharing in a Customer& rsquo s Account 186< /p> < p> Borrowing and Lending Money 187< /p> < p> Disclosure of Client Information 187< /p> < p> Numbered Accounts 187< /p> < p> Gift Rule 187< /p> < p> Outside Employment 188< /p> < p> Private Securities Transactions 188< /p> < p> Violations and Complaints 188< /p> < p> Resolution of Allegations 189< /p> < p> Minor Rule Violation 189< /p> < p> Code of Arbitration 190< /p> < p> The Arbitration Process 190< /p> < p> Simplifi ed Arbitration 191< /p> < p> Larger Disputes 191< /p> < p> Awards Under Arbitration 191< /p> < p> Mediation 191< /p> < p> Annual Compliance Review 192< /p> < p> Currency Transactions 192< /p> < p> The Patriot Act 192< /p> < p> U.S. Accounts 193< /p> < p> Foreign Accounts 194< /p> < p> Regulation S-P 194< /p> < p> Business Continuity Plan 194< /p> < p> Pretest 195< /p> < p> ANSWER KEYS 201< /p> < p> GLOSSARY O Wiley Series 6 Exam Review 2013 + Test Bank: Inhaltsangabe< p> ABOUT THE SERIES 6 EXAM XV< /p> < p> ABOUT THIS BOOK XIX< /p> < p> ABOUT THE TEST BANK XXI< /p> < p> ABOUT THE SECURITIES INSTITUTE OF AMERICA XXIII< /p> < p> CHAPTER 1< /p> < p> SECURITIES MARKETS, INVESTMENT RISKS, AND POLICIES 1< /p> < p> What Is a Security 1< /p> < p> Equity = Stock 2< /p> < p> Debt = Bonds 2< /p> < p> Capitalization 2< /p> < p> The Balance Sheet Equation 3< /p> < p> Common Stock 3< /p> < p> Corporate Time Line 3< /p> < p> Values of Common Stock 5< /p> < p> Rights of Common Stockholders 5< /p> < p> Why Do People Buy Common Stock 8< /p> < p> What Are the Risks of Owning Common Stock 9< /p> < p> How Does Someone Become a Stockholder 9< /p> < p> Preferred Stock 11< /p> < p> Features of Preferred Stock 11< /p> < p> Types of Preferred Stock 12< /p> < p> Types of Dividends 14< /p> < p> Dividend Distribution 15< /p> < p> Taxation of Dividends 17< /p> < p> Selling Dividends 17< /p> < p> Dividend Disbursement Process 17< /p> < p> Rights 17< /p> < p> Possible Outcomes for a Right 18< /p> < p> Standby Underwriting 19< /p> < p> Warrants 19< /p> < p> How Do People Get Warrants 19< /p> < p> Possible Outcomes of a Warrant 20< /p> < p> Options 20< /p> < p> Calls 20< /p> < p> Puts 21< /p> < p> Bullish vs. Bearish 21< /p> < p> Characteristics of All Options 22< /p> < p> Exercise Price 22< /p> < p> Buyer vs. Seller 22< /p> < p> Possible Outcomes for an Option 22< /p> < p> American Depositary Receipts/American Depositary Shares 23< /p> < p> Currency Risks 23< /p> < p> Securities Markets 23< /p> < p> The Exchanges 24< /p> < p> Over the Counter/Nasdaq 24< /p> < p> Market Makers 24< /p> < p> Third Market 25< /p> < p> Fourth Market 25< /p> < p> Broker vs. Dealer 25< /p> < p> Debt Securities/Bonds 26< /p> < p> Corporate Bonds 26< /p> < p> The U.S. Government 26< /p> < p> U.S. Government Agencies 27< /p> < p> Municipal 27< /p> < p> Types of Bond Issuance 27< /p> < p> Bond Certificate 28< /p> < p> Bond Pricing 29< /p> < p> Par Value 29< /p> < p> Discount 30< /p> < p> Premium 30< /p> < p> Corporate Bond Pricing 30< /p> < p> Treasury Bond and Note Pricing 30< /p> < p> Treasury Bill Pricing 31< /p> < p> Municipal Bond Pricing 31< /p> < p> Types of Corporate Bonds 33< /p> < p> Secured Bonds 34< /p> < p> Unsecured Bonds 35< /p> < p> Zero Coupon Bonds 35< /p> < p> Convertible Bonds 36< /p> < p> Converting Bonds into Common, John Wiley & Sons<

2013, ISBN: 9781118675496

The Investment Company Products/Variable Contracts Limited Representative Examination InhaltsangabeABOUT THE SERIES 6 EXAM XVABOUT THIS BOOK XIXABOUT THE TEST BANK XXIABOUT THE SECURITIES… Mehr…

The Investment Company Products/Variable Contracts Limited Representative Examination InhaltsangabeABOUT THE SERIES 6 EXAM XVABOUT THIS BOOK XIXABOUT THE TEST BANK XXIABOUT THE SECURITIES INSTITUTE OF AMERICA XXIIICHAPTER 1SECURITIES MARKETS, INVESTMENT RISKS, AND POLICIES 1What Is a Security 1Equity = Stock 2Debt = Bonds 2Capitalization 2The Balance Sheet Equation 3Common Stock 3Corporate Time Line 3Values of Common Stock 5Rights of Common Stockholders 5Why Do People Buy Common Stock 8What Are the Risks of Owning Common Stock 9How Does Someone Become a Stockholder 9Preferred Stock 11Features of Preferred Stock 11Types of Preferred Stock 12Types of Dividends 14Dividend Distribution 15Taxation of Dividends 17Selling Dividends 17Dividend Disbursement Process 17Rights 17Possible Outcomes for a Right 18Standby Underwriting 19Warrants 19How Do People Get Warrants 19Possible Outcomes of a Warrant 20Options 20Calls 20Puts 21Bullish vs. Bearish 21Characteristics of All Options 22Exercise Price 22Buyer vs. Seller 22Possible Outcomes for an Option 22American Depositary Receipts/American Depositary Shares 23Currency Risks 23Securities Markets 23The Exchanges 24Over the Counter/Nasdaq 24Market Makers 24Third Market 25Fourth Market 25Broker vs. Dealer 25Debt Securities/Bonds 26Corporate Bonds 26The U.S. Government 26U.S. Government Agencies 27Municipal 27Types of Bond Issuance 27Bond Certificate 28Bond Pricing 29Par Value 29Discount 30Premium 30Corporate Bond Pricing 30Treasury Bond and Note Pricing 30Treasury Bill Pricing 31Municipal Bond Pricing 31Types of Corporate Bonds 33Secured Bonds 34Unsecured Bonds 35Zero Coupon Bonds 35Convertible Bonds 36Converting Bonds into Common Stock 36Parity Price 37The Trust Indenture Act of 1939 37Treasury Bills, Notes, and Bonds 38Purchasing Treasury Bills 38Treasury STRIPS 39Treasury Receipts 39Nonmarketable Government Securities 39Agency Issues 40Collateralized Mortgage Obligation (CMO) 41CMOs and Interest Rates 42Municipal Bonds 42Legal Opinion 43Municipal Bond Insurance 44Tax Equivalent Yield 44Purchasing a Municipal Bond Issued in the State in Which the Investor Resides 45Triple Tax-Free 45Capital Gains 45The Money Market 45Money Market Instruments 45Corporate Money Market Instruments 46Government Money Market Instruments 47Interest Rates 47Economics 48Gross Domestic Product 49Recession 50 Types of Investment Companies 72Open End vs. Closed End 73Diversified vs. Nondiversifi ed 74Investment Company Registration 75Registration Requirements 75Investment Company Components 77Mutual Fund Distribution 79Selling Group Member 79Distribution of No-Load Mutual Fund Shares 79Distribution of Mutual Fund Shares 80Mutual Fund Prospectus 80Characteristics of Open-End Mutual Fund Shares 81Mutual Fund Investment Objectives 82Other Types of Funds 84Bond Funds 84Exchange-Traded Funds (ETFs) 85Exchanged-Traded Notes (ETNs) 85Money Market Funds 86Money Market Guidelines 86Valuing Mutual Fund Shares 86Changes in the NAV 87Sales Charges 88Other Types of Sales Charges 8912B-1 Fees 89Calculating a Mutual Fund& rsquo s Sales Charge Percentage 90Finding the Public Off ering Price 91Sales Charge Reductions 91Breakpoint Schedule 92Letter of Intent 92Backdating a Letter of Intent 93Breakpoint Sales 93Rights of Accumulation 93Automatic Reinvestment of Distributions 94Other Mutual Fund Features 94Taxation of Mutual Funds 95Distribution of Capital Gains 96Receiving and Reinvesting Distributions 97Calculating Gains and Losses 98Cost Base of Multiple Purchases 98Deducting Net Capital Losses 99Wash Sales 99Other Tax Rules 100Voting Rights 100Mutual Fund Recommendations 101Customer Accounts 103Holding Securities 104Transfer and Ship 105Transfer and Hold in Safekeeping 105Hold in Street Name 105Mailing Instructions 105Trading Authorization 106Types of Accounts 106Death of a Customer 107Corporate Accounts 108Operating a Discretionary Account 108Managing Discretionary Accounts 109Uniform Gifts to Minors Act (UGMA) 109Accounts for Employees of Other Broker Dealers 111Purchasing Mutual Fund Shares 111Withdrawal Plans 115Pretest 117CHAPTER 3VARIABLE ANNUITIES, VARIABLE LIFE INSURANCE,AND RETIREMENT PLANS 123Annuities 123Annuity Purchase Options 127Accumulation Units 127Annuity Units 128Annuity Payout Options 128Factors Aff ecting the Size of the Annuity Payment 129The Assumed Interest Rate 129Taxation 130Types of Withdrawals 130Annuitizing the Contract 131Expenses and Guarantees 131Other Charges 132Variable Annuity vs. Mutual Fund 132Life Insurance 132Premiums and Death Benefi ts 134Assumed Interest Rate 136Variable Policy Features 136Sales Charges 137Life Settlements 138Retirement Plans 139Individual Plans 139Individual Retirement Accounts (IRAs) 139529 Plans 142IRA Contributions 142IRA Accounts The Securities Exchange Act of 1934 162The Securities Exchange Commission (SEC) 163Extension of Credit 164The National Association of Securities Dealers (NASD) 164Becoming a Member of FINRA 166Registration of Agents/Associated Persons 167Disciplinary Actions Against a Registered Representative 167Resignation of a Registered Representative 168Termination for Cause 168Retiring Representatives/ContinuingCommissions 168State Registration 169Continuing Education 169Firm Element Continuing Education 169Regulatory Element 169Registration Exemptions 170Persons Ineligible to Register 170Retail Communications / Communications with the Public 171FINRA Rule 2210 Communications with the Public 172Broker Dealer Websites 174Blind Recruiting Ads 175Generic Advertising 175Tombstone Ads 175Testimonials 176Free Services 176Misleading Communications with the Public 177Securities Investor Protection Corporation Act of 1970 (SIPC) 177Net Capital Requirement 177Customer Coverage 178Fidelity Bond 178The Insider Trading and Securities Fraud Enforcement Act of 1988 178Firewall 179The Telephone Consumer Protection Act of 1991 180Exemption from the Telephone Consumer Protection Act of 1991 180Recommendations to Customers 180Recommending Mutual Funds 181Periodic Payment Plans 182Mutual Fund Current Yield 182Professional Conduct in the Securities Industry 183The Role of the Principal 183Fair Dealings with Customers 183Sharing in a Customer& rsquo s Account 186Borrowing and Lending Money 187Disclosure of Client Information 187Numbered Accounts 187Gift Rule 187Outside Employment 188Private Securities Transactions 188Violations and Complaints 188Resolution of Allegations 189Minor Rule Violation 189Code of Arbitration 190The Arbitration Process 190Simplifi ed Arbitration 191Larger Disputes 191Awards Under Arbitration 191Mediation 191Annual Compliance Review 192Currency Transactions 192The Patriot Act 192U.S. Accounts 193Foreign Accounts 194Regulation S-P 194Business Continuity Plan 194Pretest 195ANSWER KEYS 201GLOSSARY O Wiley Series 6 Exam Review 2013 + Test Bank: InhaltsangabeABOUT THE SERIES 6 EXAM XVABOUT THIS BOOK XIXABOUT THE TEST BANK XXIABOUT THE SECURITIES INSTITUTE OF AMERICA XXIIICHAPTER 1SECURITIES MARKETS, INVESTMENT RISKS, AND POLICIES 1What Is a Security 1Equity = Stock 2Debt = Bonds 2Capitalization 2The Balance Sheet Equation 3Common Stock 3Corporate Time Line 3Values of Common Stock 5Rights of Common Stockholders 5Why Do People Buy Common Stock 8What Are the Risks of Owning Common Stock 9How Does Someone Become a Stockholder 9Preferred Stock 11Features of Preferred Stock 11Types of Preferred Stock 12Types of Dividends 14Dividend Distribution 15Taxation of Dividends 17Selling Dividends 17Dividend Disbursement Process 17Rights 17Possible Outcomes for a Right 18Standby Underwriting 19Warrants 19How Do People Get Warrants 19Possible Outcomes of a Warrant 20Options 20Calls 20Puts 21Bullish vs. Bearish 21Characteristics of All Options 22Exercise Price 22Buyer vs. Seller 22Possible Outcomes for an Option 22American Depositary Receipts/American Depositary Shares 23Currency Risks 23Securities Markets 23The Exchanges 24Over the Counter/Nasdaq 24Market Makers 24Third Market 25Fourth Market 25Broker vs. Dealer 25Debt Securities/Bonds 26Corporate Bonds 26The U.S. Government 26U.S. Government Agencies 27Municipal 27Types of Bond Issuance 27Bond Certificate 28Bond Pricing 29Par Value 29Discount 30Premium 30Corporate Bond Pricing 30Treasury Bond and Note Pricing 30Treasury Bill Pricing 31Municipal Bond Pricing 31Types of Corporate Bonds 33Secured Bonds 34Unsecured Bonds 35Zero Coupon Bonds 35Convertible Bonds 36Converting Bonds into Common Stock 36Parity Price 37The Trust Indenture Act of 1939 37Treasury Bills, Notes, and Bonds 38Purchasing Treasury Bills 38Treasury STRIPS 39Treasury Receipts 39Nonmarketable Government Securities 39Agency Issues 40Collateralized Mortgage Obligation (CMO) 41CMOs and Interest Rates 42Municipal Bonds 42Legal Opinion 43Municipal Bond Insurance 44Tax Equivalent Yield 44Purchasing a Municipal Bond Issued in the State in Which the Investor Resides 45Triple Tax-Free 45Capital Gains 45The Money Market 45Money Market Instruments 45Corporate Money Market Instruments 46Government Money Market Instruments 47Interest Rates 47Economics 48Gross Domestic Product 49Recession 50 Types of Investment Companies 72Open End vs. Closed End 73Diversified vs. Nondiversifi ed 74Investment Company Registration 75Registration Requirements 75Investment Company Components 77Mutual Fund Distribution 79Selling Group Member 79Distribution of No-Load Mutual Fund Shares 79Distribution of Mutual Fund Shares 80Mutual Fund Prospectus 80Characteristics of Open-End Mutual Fund Shares 81Mutual Fund Investment Objectives 82Other Types of Funds 84Bond Funds 84Exchange-Traded Funds (ETFs) 85Exchanged-Traded Notes (ETNs) 85Money Market Funds 86Money Market Guidelines 86Valuing Mutual Fund Shares 86Changes in the NAV 87Sales Charges 88Other Types of Sales Charges 8912B-1 Fees 89Calculating a Mutual Fund& rsquo s Sales Charge Percentage 90Finding the Public Off ering Price 91Sales Charge Reductions 91Breakpoint Schedule 92Letter of Intent 92Backdating a Letter of Intent 93Breakpoint Sales 93Rights of Accumulation 93Automatic Reinvestment of Distributions 94Other Mutual Fund Features 94Taxation of Mutual Funds 95Distribution of Capital Gains 96Receiving and Reinvesting Distributions 97Calculating Gains and Losses 98Cost Base of Multiple Purchases 98Deducting Net Capital Losses 99Wash Sales 99Other Tax Rules 100Voting Rights 100Mutual Fund Recommendations 101Customer Accounts 103Holding Securities 104Transfer and Ship 105Transfer and Hold in Safekeeping 105Hold in Street Name 105Mailing Instructions 105Trading Authorization 106Types of Accounts 106Death of a Customer 107Corporate Accounts 108Operating a Discretionary Account 108Managing Discretionary Accounts 109Uniform Gifts to Minors Act (UGMA) 109Accounts for Employees of Other Broker Dealers 111Purchasing Mutual Fund Shares 111Withdrawal Plans 115Pretest 117CHAPTER 3VARIABLE ANNUITIES, VARIABLE LIFE INSURANCE,AND RETIREMENT PLANS 123Annuities 123Annuity Purchase Options 127Accumulation Units 127Annuity Units 128Annuity Payout Options 128Factors Aff ecting the Size of the Annuity Payment 129The Assumed Interest Rate 129Taxation 130Types of Withdrawals 130Annuitizing the Contract 131Expenses and Guarantees 131Other Charges 132Variable Annuity vs. Mutual Fund 132Life Insurance 132Premiums and Death Benefi ts 134Assumed Interest Rate 136Variable Policy Features 136Sales Charges 137Life Settlements 138Retirement Plans 139Individual Plans 139Individual Retirement Accounts (IRAs) 139529 Plans 142IRA Contributions 142IRA Accounts The Securities Exchange Act of 1934 162The Securities Exchange Commission (SEC) 163Extension of Credit 164The National Association of Securities Dealers (NASD) 164Becoming a Member of FINRA 166Registration of Agents/Associated Persons 167Disciplinary Actions Against a Registered Representative 167Resignation of a Registered Representative 168Termination for Cause 168Retiring Representatives/ContinuingCommissions 168State Registration 169Continuing Education 169Firm Element Continuing Education 169Regulatory Element 169Registration Exemptions 170Persons Ineligible to Register 170Retail Communications / Communications with the Public 171FINRA Rule 2210 Communications with the Public 172Broker Dealer Websites 174Blind Recruiting Ads 175Generic Advertising 175Tombstone Ads 175Testimonials 176Free Services 176Misleading Communications with the Public 177Securities Investor Protection Corporation Act of 1970 (SIPC) 177Net Capital Requirement 177Customer Coverage 178Fidelity Bond 178The Insider Trading and Securities Fraud Enforcement Act of 1988 178Firewall 179The Telephone Consumer Protection Act of 1991 180Exemption from the Telephone Consumer Protection Act of 1991 180Recommendations to Customers 180Recommending Mutual Funds 181Periodic Payment Plans 182Mutual Fund Current Yield 182Professional Conduct in the Securities Industry 183The Role of the Principal 183Fair Dealings with Customers 183Sharing in a Customer& rsquo s Account 186Borrowing and Lending Money 187Disclosure of Client Information 187Numbered Accounts 187Gift Rule 187Outside Employment 188Private Securities Transactions 188Violations and Complaints 188Resolution of Allegations 189Minor Rule Violation 189Code of Arbitration 190The Arbitration Process 190Simplifi ed Arbitration 191Larger Disputes 191Awards Under Arbitration 191Mediation 191Annual Compliance Review 192Currency Transactions 192The Patriot Act 192U.S. Accounts 193Foreign Accounts 194Regulation S-P 194Business Continuity Plan 194Pretest 195ANSWER KEYS 201GLOSSARY O Finanzwesen, John Wiley & Sons<

2013, ISBN: 9781118675496

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 b… Mehr…

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 2013 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* 199 practice questions covering each subject area in the exam* Priceless test-taking tips and strategies* Helpful hints on how to study for the test, manage stress, and stay focusedWiley Series 6 Exam Review 2013 is your ticket to passing this difficult test on the first try--with flying colors!Visit www.wileysecuritieslicensing.com for more information.The Securities Institute of America, Inc., helps thousands of securities and insurance professionals build successful careers in the financial services industry every year. Our securities training options include:* Onsite classes* Private tutoring* Classroom training* Interactive online video training classes* State-of-the-art exam preparation software* Printed textbooks* Real-time tracking and reporting for managers and training directorsAs a result, you can choose a securities training solution that matches your skill level, learning style, and schedule. Regardless of the format you choose, you can be sure that our securities training courses are relevant, tested, and designed to help you succeed. It is the experience of our instructors and the quality of our materials that make our courses requested by name at some of the largest financial services firms in the world.To contact The Securities Institute of America, visit us on the web at www.SecuritiesCE.com or call 877-218-1776. E-Book<

2013, ISBN: 9781118675496

The go-to guide to acing the Series 6 Exam!Passing the Series 6 Exam qualifies an individual to function asan agent of a broker dealer and allows the limited representativeto transact bus… Mehr…

The go-to guide to acing the Series 6 Exam!Passing the Series 6 Exam qualifies an individual to function asan agent of a broker dealer and allows the limited representativeto transact business in mutual funds (closed-end funds on theinitial offering only), unit investment trusts, variable annuities,and variable life insurance products. In addition to passing theSeries 6 Exam, an agent may be required to pass a state lifeinsurance exam to transact business in variable contracts.Created by the experts at The Securities Institute of America,Inc., Wiley Series 6 Exam Review 2013 arms you with what youneed to score high on this tough 100-question test. Designed to letyou build and fine-tune your knowledge of all areas covered in theexam and to guarantee that you're prepared mentally andstrategically to take the test, it provides:* Dozens of examples* 199 practice questions covering each subject area in theexam* Priceless test-taking tips and strategies* Helpful hints on how to study for the test, manage stress, andstay focusedWiley Series 6 Exam Review 2013 is your ticket to passingthis difficult test on the first try--with flying colors!Visit www.wileysecuritieslicensing.com for moreinformation.The Securities Institute of America, Inc., helpsthousands of securities and insurance professionals buildsuccessful careers in the financial services industry every year.Our securities training options include:* Onsite classes* Private tutoring* Classroom training* Interactive online video training classes* State-of-the-art exam preparation software* Printed textbooks* Real-time tracking and reporting for managers and trainingdirectorsAs a result, you can choose a securities training solution thatmatches your skill level, learning style, and schedule. Regardlessof the format you choose, you can be sure that our securitiestraining courses are relevant, tested, and designed to help yousucceed. It is the experience of our instructors and the quality ofour materials that make our courses requested by name at some ofthe largest financial services firms in the world.To contact The Securities Institute of America, visit us on theweb at www.SecuritiesCE.com or call 877-218-1776. E-Book<

2013, ISBN: 1118675495

In englischer Sprache. Verlag: John Wiley & Sons, PC-PDF, 312 Seiten, 312 Seiten, 1., Auflage, [GR: 9783 - Nonbooks, PBS / Wirtschaft/Betriebswirtschaft], [SW: - Betriebswirtschaft und M… Mehr…

In englischer Sprache. Verlag: John Wiley & Sons, PC-PDF, 312 Seiten, 312 Seiten, 1., Auflage, [GR: 9783 - Nonbooks, PBS / Wirtschaft/Betriebswirtschaft], [SW: - Betriebswirtschaft und Management], [Ausgabe: 1][PU:John Wiley & Sons]<