Details

The Boston Institute of Finance Mutual Fund Advisor Course

Series 6 and Series 63 Test Prep
Boston Institute of Finance 1. Aufl.

von: Boston Institute of Finance
27,99 €
Verlag:	Wiley
Format:	PDF
Veröffentl.:	13.05.2005
ISBN/EAN:	9780471732211
Sprache:	englisch
Anzahl Seiten:	200

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Beschreibungen

Titelbeschreibung

Access the industry?s premier print study guide and the industry?s premier online test-prep materials with this unique package. The study guide consists of seven chapters, which parallel the content of the exams. Each chapter includes review questions and provides the core knowledge necessary to pass the exams. The associated test-prep Web course provides sample test questions and tips that will help you get a better feel for the actual exams. Filled with in-depth insight and expert guidance, you won?t need anything else to pass the Series 6 and Series 63 exams. Order your copy today.

Inhaltsverzeichnis

Preface ix Series 6 Test Preparation 1 Introduction 3 1 Investment Securities 9 Introduction 9 Money and Capital Markets 9 Common Stock 10 Preferred Stock 10 Corporate Bonds 11 Other Types of Corporate Bonds 12 Convertible Bonds 12 Zero Coupon Bonds 12 Interest Rate Risk 13 Yields 13 Rights 13 Warrants 14 Collateralized Mortgage Obligations 14 Interest Rates and Bond Concepts 14 US Government Securities. 15 Municipal Bonds 16 Money Market Instruments 16 Bankers’ Acceptances 16 Commercial Paper 16 Negotiable Certificates of Deposit 17 Interbank Market for Foreign Currencies 17 Eurodollar Bonds 17 Additional Concepts 17 Review Questions 19 Answers to Review Questions 22 2 Securities Markets 23 Introduction 23 Types of Investment Risk 23 Economic Factors 25 Suitability and Risk Factors 25 Review Questions 27 Answers to Review Questions 29 3 Open-End Investment Companies 31 Introduction 31 Types of Funds 32 Classes of Shares 33 Mutual Fund Accounts. 34 Distributions by Funds 35 Taxation of Mutual Funds. 36 Mutual Fund Expenses. 36 Review Concepts 37 Important Points 37 Additional Concepts 38 Review Questions 40 Answers to Review Questions 44 4 Regulation of Investment Companies 45 Introduction 45 Sales Charges 46 Breakpoints 46 Advertising by Funds 47 Mutual Fund Sales Literature 48 Dollar Cost Averaging 48 NASD Rules Concerning Investment Companies 48 Mutual Fund Sales by Banks 50 Additional Concepts 51 Review Questions 53 Answers to Review Questions 57 5 Variable Annuities and Retirement Plans 59 Introduction 59 Fixed Annuities 59 Variable Annuities 59 Additional Concepts—Variable Annuities 61 Variable Life Insurance 62 Main Points—Variable Life Insurance Contracts 63 Employee Retirement Income Security Act of 1974 64 Keogh Plans 64 Individual Retirement Accounts 64 Simplified Employee Pension Plan 66 Pension and Profit Sharing Plans 66 401(k) Plans 66 403(b) Plans 67 Review Questions 68 Answers to Review Questions 72 6 NASD Rules and Regulations 73 Certificate of Incorporation 73 Bylaws of the NASD 73 Advertising Rules 74 Broker/Dealers 75 Recommendations Made to Customers 75 Private Securities Transactions 76 Prompt Receipt and Delivery of Securities 76 Proxy Material 76 NASD Hot-Issue Rules 76 Charges for Services 77 Confirmations 77 Discretionary Accounts. 78 Dealing with Nonmembers 78 Other Provisions of NASD Rules 78 NASD Code of Procedure. 80 Uniform Practice Code 80 Confirmations or Comparisons 80 Good Delivery of Securities 80 Trade Date and Settlement Date 80 Investment Companies and NASD Rules of Fair Practice 81 Review Questions 82 Answers to Review Questions 87 7 Federal and State Regulations 89 Securities Act of 1933 89 Exempted Securities under the 1933 Act 89 Red Herring Prospectus 90 Final Prospectus90 Effective Date of Registration Statement90 Liabilities under the 1933 Act 90 The Securities Exchange Act of 1934 91 Insider Transactions 91 Market Manipulation 92 Securities Investor Protection Act of 1970 92 State Securities Laws 93 Uniform Gifts to Minors Act—Uniform Transfer to Minors Act 93 Review Questions 95 Answers to Review Questions 97 Glossary 99 Series 6 Final Examination 105 Additional Practice Questions 1 119 Answers to Additional Practice Questions 1 122 Additional Practice Questions 2 123 Answers to Additional Practice Questions 2 126 Additional Practice Questions 3 127 Answers to Additional Practice Questions 3 130 Series 63 Test Preparation 131 Introduction 133 Important Terms 134 Licensing/Registration Requirements 138 Capital Requirements 139 Recordkeeping 139 Administrative Sanctions 140 Registration of Securities 141 Notification (Filing) 141 Coordination 141 Qualification 142 Registration Provisions 142 Denial of Registration 142 Exempt Securities 142 Exempt Transactions 143 Fraudulent and Other Prohibited Practices 144 Suitability 146 Regulatory Oversight 146 Criminal Penalties 147 Civil Liabilities 147 Judicial Review of Administrative Orders 147 Scope of the Act 148 Consent to Service of Process 148 Additional Concepts—Uniform Securities Act 149 Series 63 Practice Questions and Answer Explanations 151 Practice Questions 1 151 Practice Questions 1—Answer Explanations 158 Practice Questions 2 160 Practice Questions 2—Answer Explanations 167 Practice Questions 3 169 Practice Questions 3—Answer Explanations 176 Practice Questions 4 178 Practice Questions 4—Answer Explanations 182 Index 183

Autorenportrait

The BOSTON INSTITUTE OF FINANCE (BIF) (www.Bostonifi.com) develops and distributes multimedia and interactive learning solutions for professionals in the financial services industry. BIF possesses the largest digital repository of training material in the industry and manages the certification and training programs of thousands of corporate and individual learners in the United States and around the world.

Back cover copy

Series 6 and Series 63 accreditations are necessary for anyone who wants to sell mutual funds, variable annuities, and variable life insurance contracts. The Boston Institute of Finance Mutual Fund Advisor Course has refined and improved the study materials for these exams to the point where this course is arguably the best product available for preparing for the Series 6 and Series 63 exams. <ul> <li>The study guide contains seven chapters that parallel the content of the exams</li> <li>Each chapter includes review questions and provides the core knowledge necessary to pass the exams</li> <li>The associated test-prep Web course provides sample test questions and tips that will help you get a better feel for the actual exams</li> </ul> Filled with in-depth insight and expert guidance, the Boston Institute of Finance Mutual Fund Advisor Course is the only guide you'll need to pass the Series 6 and Series 63 exams.