New $60 FINRA Exam Could Save Musk and Tesla $40 Million

After agreeing to resign as Tesla Chairman, add two independent directors, and pay $40 million in fines, some have noted that Elon Musk could prevent future SEC mishaps by studying for the new FINRA Securities Industry Essentials (SIE) exam. Continue reading

After agreeing to resign as Tesla Chairman, add two independent directors, and pay $40 million in fines, some have noted that Elon Musk could prevent future SEC mishaps by studying for the new FINRA Securities Industry Essentials (SIE) exam.

Students who study for a securities exam with Solomon Exam Prep learn that providing investors with false or misleading information is a violation of the Securities Exchange Act.

Jeremy Solomon, President of Solomon Exam Prep, suggests that due to Musk’s demanding schedule as the founder and president of multiple companies, Musk use the Solomon online SIE exam guide and SIE exam simulator. With nearly 3,000 practice questions, Musk should be able to master the SIE material. “If he’s having trouble,” however, “I am willing to offer Elon private tutoring.  “But it has to be on earth,” Solomon says. “I am afraid of heights.”

Solomon Exam Prep has helped thousands pass securities licensing exams including the Series 3, 6, 7, 24, 26, 27, 28, 50, 51, 52, 53, 62, 63, 65, 66, 79, 82, 99 and SIE exams.

The SIE exam launched October 1 is open anyone 18 and older, no prerequisites or background check required.  Best of all it costs just $60,  quite a bit less than a $40 million fine, notes Jeremy Solomon.

#FINRA, #SecuritiesIndustryEssentials, #ElonMusk, #SEC, #series7exam, #Tesla

October Study Question of the Month

Submit your answer to info@solomonexamprep.com to be entered to win a $10 Starbucks gift card. Continue reading

Submit your answer to info@solomonexamprep.com to be entered to win a $10 Starbucks gift card.

Question

Relevant to the Series 7Series 62, Series 65Series 79, Series 82, and Series 99.

 

 

 

 

 

What is the holding period for restricted securities issued by a company that files reports with the SEC?
 
A. Six months
B. Nine months
C. Twelve months

D. Securities issued by a company that files with the SEC are never restricted

Answer: A. Rule 144 requires purchasers of restricted securities to hold them for a certain amount of time before they sell them. If the issuer is a company that files reports with the SEC, the holding period is six months. If the issuer is a non-reporting company, the holding period is 12 months.

TESS of the FINRA

The 2018 FINRA Exam Restructuring is right around the corner, and it means changes for more than the exams themselves. Continue reading

The 2018 FINRA Exam Restructuring is right around the corner, and it means changes for more than the exams themselves. FINRA allows anyone 18 and older to take the new Securities Industry Essentials Exam (SIE). That means you can take the SIE exam without being employed by a FINRA member firm.

This makes it a lot easier for people to enter the securities industry, but it also means that FINRA needs a new way for individuals to register for the SIE.

Enter TESS.

TESS stands for Test Enrollment Services System.

Through TESS you can request an exam, make payments, schedule an appointment, and view your test results. Launching on October 1st, TESS is built specifically for individuals to register for their exams. Eligibility is simple: you must be over 18, have a social security number, and not already be registered in Web CRD.

Once you’re registered, it’s easy to enroll for exams. And if you’re already registered with Web CRD, your credentials will allow you to access TESS as well. Within 72 hours of completing an exam, TESS will display the exam result and the test date under the “My Exams” section.

Taking FINRA exams is easy with TESS!

Questions? Visit the TESS FAQ, email info@solomonexamprep.com, or call 503-601-0212!

Solomon Exam Prep and NASA launch SIE mission to Mars

In preparation for the October 1 launch of the Securities Industry Essentials (SIE) exam, Solomon Exam Prep teamed with NASA to send Solomon SIE exam study materials to the Red Planet. Continue reading

In preparation for the October 1 launch of the Securities Industry Essentials (SIE) exam, Solomon Exam Prep teamed with NASA to send Solomon SIE exam study materials to the Red Planet.

Unlike other FINRA securities licensing exams, the SIE exam will be open to anyone 18 years or older who is interested in the securities industry. FINRA has not publicly stated whether Martians will be permitted to take the SIE exam but since FINRA is dedicated to “investor protection” and to promoting “market integrity” Solomon takes the position that investors and markets on other planets can benefit from securities education, and the SIE in particular. Solomon has helped thousands of earthlings pass their Series 7, Series 6, Series 65, Series 63, Series 24, Series 50, Series 79 and other securities licensing exams.

Elon Musk has not responded to the news of the joint NASA/Solomon Exam Prep mission.

Live Tutoring Now Available in the New York City Area

Looking for a securities exam tutor? Continue reading

Are you located in the New York City area?

Then Solomon Exam Prep has some exciting news for you! We now offer live, in-person tutoring in the New York City area for a variety of Series exams, including the Series 7, Series 63, Series 79, Series 24, and Series 65.

Please give Jeremy Solomon a call at 503.575.8365 (or send an email to Jeremy@SolomonExamPrep.com) for more information.

Spring Savings

Spring has sprung and so has this amazing deal! Continue reading

Did you know that Solomon Exam Prep has a LinkedIn page?

Stay up to date on industry news and be the first to know when Solomon Exam Prep releases new materials! Simply visit the Solomon Exam Prep LinkedIn page here and click the “follow page” button.

As a way to say thank you, Solomon Exam Prep will give each follower a 10% off coupon code which can be applied to any package deal. But you have to act fast, this great deal ends May 1st, 2018!

Help us build our LinkedIn presence and get yourself a discount as well!

Must call in (503-601-0212) or email (info@solomonexamprep.com) to claim discount. Discount cannot be combined with any other offer.

New Series 24 Audiobook

Are you studying for the FINRA Series 24 Exam? Continue reading

Do you aspire to be a General Securities Principal?

If yes, do you have a long commute? Do you exercise? Do you listen to music, podcasts or audio books? Do you like to be efficient with your time?

If you are studying for the Series 24 exam, and you have a long commute or like to exercise or listen to podcasts or just like to be efficient with your time, then you might like to know that Solomon Exam Prep has updated its Series 24 Exam Audiobook.

The Solomon Series 24 exam Audiobook follows the recently updated Solomon Series 24 Exam Study Guide and Series 24 Video Lecture.

Updates cover Regulation D, research analyst rules, T+2 settlement changes, Rule 145, Regulation A and much more.

Did you purchase the Solomon Series 24 Audiobook within the last 6 months and want the update? Give us a call at 503-601-0212 or send an email to info@solomonexamprep.com and we will update it for free.

To hear an audio sample, please click here.

Happy listening!

Bring the SIE to Your Summer Internship Program

Summer internships offer firms a way to stay young and grow. Continue reading

The Securities Industry Essentials (SIE) exam comes bearing more gifts! Not only does the SIE help individuals break into the securities industry, it also provides some incredible opportunities for employers.

Summer internships offer firms a way to stay young and grow.

College students or recently graduated students are the future of your firm and the SIE makes it a lot easier to ensure your firm’s future is bright!

Since the SIE exam will not require BD employment or sponsorship or even a background check, what better way to help your interns succeed than have them study for the SIE exam! By giving your interns the chance to study for the SIE during your program, they will be ready to work for you full time upon graduation.

You can learn more about the SIE and Solomon here.

Solomon offers a complete SIE curriculum including online and print study materials.

Call 503-601-0212 to offer your summer interns the educational experience they will appreciate and value for the rest of their lives!