Series 66: 9.3.6.2. Unauthorized Principal Transactions

Taken from our Series 66 Online Guide

9.3.6.2. Unauthorized Principal Transactions

While broker-dealers regularly sell their customers securities from their own inventory of securities (known as acting as a “principal”), it is far less common for an investment adviser to do the same thing. Since an investment adviser is not registered as a “dealer,” and recommending the purchase of securities out of its own inventory presents a conflict of interest, an investment adviser who engages in principal transactions must do the following

+ Read More

More Series 66 Info

What are people saying?

Create an Account

Since you're reading about Series 66: 9.3.6.2. Unauthorized Principal Transactions, you might also be interested in:

Series 54 - 1.3.5. Indirect Advice

Series 24 - Introduction

Series 6 - 7.4.1.3. Cash Flow Statement

Series 53 - Definitions

Series 3 - 1.3.4.2. Filling Out an Order Ticket

SIE - 7.3.2.3. Credit Spreads

Series 22 - 2.3.5.2. Low-Income Housing Tax Credit

Series 3 - 6.3. Order Placement

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

Solomon Exam Prep materials are head and shoulders above any other company's products. I have purchased several other companies' materials and found that when it came time to take the crucial step of practice exams, every other company's answer explanations simply were too brief to be truly educational, or worse, sometimes contradictory to the text. That is when I turned to Solomon Exam Prep. After purchasing their materials, an actual team member emailed me almost every other day to ask how I was doing with my studying and offered assistance if I had questions. With this kind of support, you aren't trying to climb the mountain of becoming licensed alone! Finally, the owner also contacted me several times to thank me for my purchase and to check on my progress. There is no other company out there doing business in this exemplary way. Please be kind to yourself and START with Solomon Exam Prep materials for the BEST of success!

Rebecca Spadafore - Financial Advisor, LPL Financial. Meadville/Erie Area, PA SIE, Series 7, Series 66

Passed the Series 66 today! This program really helped me succeed. The pie charts helped me focus on where I needed to put in more work.

Stephen Rice, Edward jones. Prairie Village, KS

I have been extremely happy with your book series. I was able to pass the Series 66 and Series 65 with flying colors on the first try! Thanks again.

Christian Brown, Financial Decisions Group

Jeremy and team, thank you for your excellent study materials and your availability to provide guidance and feedback as I was able to pass my Series 66 on the first try... The most telling confirmation your training materials are top notch... when I sat for my exam, once the test started and I read the first question, I instantly knew from my studies using the Solomon training, I was going to handle the test. Being able to sense this from the first question was more than comforting. Thank you again!

Pablo Serna, Silicon Valley Bank, Menlo Park, CA

So, on this exam [Series 66] I used both your material and Kaplan. mainly because the bank had already paid for kaplan and I had grown accustom to your laid back writing style along with a great mp3 version of the book. Anyway, I got a fair amount of questions from both the kaplan material and your material before taking the test. I have to say that your material matched more closely to the test than I ever would have expected. I will be coming back to Solomon exam prep for ALL of my exam prep needs. :-) Thanks!

Marshall Wolfe, Hopkinsville, KY

I passed the Series 79, 7, and 66 thanks to your study guides. I scored an 85, 81 and 82, respectively. The exam simulator was highly useful and great preparation. I glossed over material I knew and really prepped topics related to laws and ethics, which these study guides effectively described and tested. I highly recommend Solomon!

Sean M, New York, NY