Exam Alert: “Buy-in” notices must be rejected in writing by 6 PM, EST

Effective December 15, if a seller does not accept a “buy-in” notice, it must send a signed, written rejection to the buyer no later than 6:00 PM Eastern Continue reading

Effective December 15, if a seller does not accept a “buy-in” notice, the seller must send a signed, written rejection to the buyer no later than 6:00 PM, Eastern Standard Time.  If no rejection is sent, the notice is accepted.  A “buy-in” notice is sent to a seller when the seller fails to deliver securities.  It allows the buyer to repurchase the securities, with the seller making up any price difference. Relevant to: Series 7, Series 24, Series 62.

http://www.finra.org/Industry/Regulation/Notices/2010/P122271

Exam Alert: Free writing prospectuses must comply with FINRA communication rules

A free writing prospectus is a written offer to sell (or solicitation of an offer to buy). Effective October 21, 2010, a free writing prospectus Continue reading

A free writing prospectus is a written offer to sell (or solicitation of an offer to buy).  Effective October 21, 2010, a free writing prospectus distributed by a broker-dealer to the public must be approved by a registered principal and must comply with FINRA content standards and filing requirements for advertisements and sales literature.  This is a change from previous interpretive guidance that excluded free writing prospectuses from these requirements. Relevant to: Series 24, Series 62, Series 79.

http://www.finra.org/Industry/Regulation/Notices/2010/P122311

Exam Alert: Outside business activities require prior notice

Effective December 15, 2010, registered persons must provide prior written notice to their member firms before engaging in Continue reading

Effective December 15, 2010, registered persons must provide prior written notice to their member firms before engaging in outside business activities.  The previous rule only required registered persons to provide prompt written notice.  The new rule also requires that firms review the proposed activities.  For registered persons who were engaged in outside business activities as of December 15, 2010, firms have until June 15, 2011 to review such activities. Relevant to: Series 7, Series 6, Series 24, Series 26, Series 79, Series 62.

http://www.finra.org/Industry/Regulation/Notices/2010/P122271

Exam Alert: FINRA investigations require encrypted information

As of December 29, 2010, when providing information for a FINRA investigation via a portable media device, the information must be encrypted. This includes Continue reading

As of December 29, 2010, when providing information for a FINRA investigation via a portable media device, the information must be encrypted.  This includes information on flash drives, CDs, laptop computers, and other digital storage devices.  The encryption must meet industry standards for strong encryption and the encryption key must be provided to FINRA staff in a communication (email, fax, or letter) separate from the information. Relevant to: Series 6, Series 24, Series 26, Series 79, Series 62.

Series 79 Exam Prep Class in New York City

November 18 and 19 in New York City.

Taught by the experienced instructors at Solomon Exam Prep partner firm, FAST. Continue reading

November 18 and 19 in New York City.

Taught by the experienced instructors at Solomon Exam Prep partner firm, FAST.

The two-day intensive course covers the four major topic areas of the Series 79 exam: Collection, Analysis and Evaluation of Data; Underwriting/New Financing Transactions, Types of Offerings and Registration of Securities; Mergers and Acquisitions, Tender Offers and Financial Restructuring Transactions; General Securities Industry Regulations.

Contact Jeremy@SolomonExamPrep.Com for more information.

Solomon Exam Prep Publishes Free FINRA Series 79 Lite iPhone App

Do you need to take the FINRA Series 79 exam? Do you have limited time to study? If you answered “yes” to both of these questions, then you’ve come to the right place! Continue reading

Do you need to take the FINRA Series 79 exam? Do you have limited time to study? If you answered “yes” to both of these questions, then you’ve come to the right place!

Officially known as the “Investment Banking Limited Representative Exam” the Series 79 exam qualifies candidates to advise on and facilitate debt and equity offerings and mergers and acquisitions. The examination tests candidates’ knowledge of topics necessary for investment banking.

The Series 79 exam was developed and is administered by the Financial Industry Regulatory Authority (FINRA). The Solomon Exam Prep Series 79 iPhone app offers 20 practice questions from the same topic categories and in the same proportion as the actual Series 79 exam. Each question is followed by an immediate answer and explanation, as well as an opportunity to review the question. Users may pause at any time and resume at the same point later on

Series 7 Crossword Puzzle Contest

We know how much you love reading our Pass the 7 book but take a break and try your hand at our Series 7 crossword puzzle! You might even win Continue reading

We know how much you love reading our Pass the 7 book but take a break and try your hand at our Series 7 crossword puzzle! You might even win a Starbucks® gift card.

All you have to do is download the crossword puzzle here, fill it out, and send it to us. If all of your answers are correct, you’ll be entered into a drawing for a Starbucks® gift card!

Mail your completed Series 7 crossword puzzle to:
6750 SW Franklin St.
Portland, OR 97223
Att: Solomon Exam Prep Crossword Contest

Or email your answers to info@solomonexamprep.com.

All entries must be received by Oct. 1, 2010.

Good luck!

Solomon Exam Prep Creates Guide to Series 79 Investment Banking Exam

Solomon Exam Prep has published a 30,000 word guide to the concepts, terms and formulas in the Series 79. Available immediately to users of the Continue reading

Solomon Exam Prep has created a guide to the concepts, terms and formulas in the Series 79. Available immediately to users of the Solomon Exam Prep Series 79 Exam Simulator, the 30,000 word guide covers major concepts, terms and formulas covered in the FINRA Limited Investment Banking Representative Exam. For more information go to SolomonExamPrep.Com or email Jeremy@SolomonExamPrep.Com.

Solomon Exam Prep Advances Training for FINRA Series 79 Exam with “Comparable Companies Analysis” Worksheet

“FINRA doesn’t want people to be saying they’re investment bankers just because the’ve memorized the definition of Enterprise Value or EBITDA,” says Jeremy Continue reading

“FINRA doesn’t want people to be saying they’re investment bankers just because the’ve memorized the definition of Enterprise Value or EBITDA,” says Jeremy Solomon, president of Solomon Exam Prep. The Series 79 investment banking exam requires you to be able to use your knowledge of investment banking, and Solomon Exam Prep’s new Comparable Companies Analysis worksheet gives customers the kind of practice they need to be able to apply their knowledge and pass the FINRA Series 79 exam.

The Solomon Exam Prep “Comparable Companies Analysis” worksheet applies to Major Job Function One on the FINRA Series 79 outline: Collection, Analysis and Evaluation of Data. “This first section of the Series 79 is hardest for many and with 75 questions, it’s a whopping 43% of the entire exam, says Jeremy Solomon. “It’s critical that students master this material if they want to pass the Series 79. ”

The Comparable Companies Analysis Worksheet is contained within the Solomon Exam Prep Series 79 Exam Simulator and Practice Questions PDF.

Solomon Exam Prep creates Series 79 LinkedIn Group

In order to help those studying for the FINRA Series 79 Investment Banking Exam, Solomon Exam Prep has created a LinkedIn Series 79 group. “LinkedIn is a Continue reading

In order to help those studying for the FINRA Series 79 Investment Banking Exam, Solomon Exam Prep has created a LinkedIn Series 79 group. “LinkedIn is a great networking tool and we decided to create a professional group for anyone who has taken or is studying for this challenging FINRA registration exam,” says Solomon Exam Prep president Jeremy Solomon.

Linked In Connection Link Here