FINRA

Solomon Exam Prep Publishes Series 24 Practice Exam

If you’re uncertain about the meaning of a “qualified block positioner,” the hypothecation of customers’ securities or the effect of haircuts Continue reading

If you’re uncertain about the meaning of a “qualified block positioner,” the hypothecation of customers’ securities or the effect of haircuts on capital of proprietary positions, and you have to take the FINRA Series 24 General Securities Principal Exam, then you’ll be glad to know that Solomon Exam Prep has published a complete 150 question Series 24 Practice Exam. Like all of the Solomon Exam Prep practice question products, each Series 24 practice question is followed by a detailed explanatory rationale.

Solomon Exam Prep Publishes New 2010 Audio Guides for the Series 6, Series 63 and Series 65 Exams

According to a 2009 Northwestern University study published in the journal SCIENCE, listening to audio can deepen and strengthen memory and Continue reading

According to a 2009 Northwestern University study published in the journal SCIENCE, listening to audio can deepen and strengthen memory and learning – even when one is sleeping.

Solomon Exam Prep is excited to announce publication of new and fully updated 2010 editions of our bestselling PASS THE 6, PASS THE 63 and PASS THE 65 audio training guides for the FINRA Series 6 exam and the NASAA Series 63 and 65 exams.

A happy customer wrote: “Thanks to Linda’s lively voice, I learned the material quickly and passed the Series 65 with flying colors. The humor is great. It was fun to listen while driving, and it was easy to absorb the information—just like being taught by an entertaining young professor!”

Linda Franklin is the voice of Solomon Exam Prep and reads all of our audio books. Listen to an excerpt of the Series 65 audio book here:

Does her voice sound familiar to you? If you’ve ever called our office, you’ve probably spoken with Linda since she also answers the phone around here!

Has an audio book helped you pass an exam? Tell us about it! Email info@solomonexamprep.com

What is a passing score for the FINRA Series 79 exam?

This month, we’ve talked with several individuals who have taken the Series 79 Limited Representative Investment Banking exam. They reported that a passing Continue reading

This month, we’ve talked with several individuals who have taken the Series 79 Limited Representative Invesment Banking exam. They reported that a passing score was either a 72 or a 73. FINRA is grading the exam on a “floating curve.” These individuals, experienced investment bankers and M&A professionals, also reported that the exam was challenging, detailed and surprisingly mathematical.

Series 79 Investment Banking Representative Classes

Recently we spoke to someone at FINRA about the new five-hour, 175 question Series 79 Investment Banking Representative exam, and while FINRA still Continue reading

Recently we spoke to someone at FINRA about the new five-hour, 175 question Series 79 Investment Banking Representative exam, and while FINRA still won’t divulge what a passing score for the exam is, their representative did tell us that a passing score on the Series 79 is in the “low seventies” like their other exams. This score “will fluctuate over time.” We have been told by someone who took the Series 79 exam and who has been in compliance for decades that it is “not an easy exam.”

If your firm has not created a Series 79 training program, contact Solomon Exam Prep to sign up for our exclusive Series 79 Investment Banking Representative licensing exam program offering live/interactive online classes, a Series 79 training book and a state-of-the-art practice question Series 79 exam simulator.

With decades of teaching experience and thousands of happy customers, our Wharton, University of Chicago, Yale and Harvard-educated staff will help your firm get Series 79 candidates licensed and on their way to making your firm money!

Contact Sara DeFilippi at 503-968-6777 for more information.

NASAA and FINRA Raise Passing Score on Series 63 Exam

Effective January 1, 2010, NASAA and FINRA will raise the passing grade for the Series 63, Uniform Securities Agent State Law Examination, from 70% Continue reading

Effective January 1, 2010, NASAA and FINRA will raise the passing grade for the Series 63, Uniform Securities Agent State Law Examination, from 70% to 72%. The new raw passing score will be 43 out of 60.

NASAA Memorandum Re Passing Scores for Series 63, 65 and 66 Exams

NASAA and FINRA raise the bar for the Series 65 and Series 66 Exams

Effective January 1, 2010, the NASAA and FINRA will raise the passing grade for the Series 65, Uniform Investment Adviser Law Examination, from 68.5% to Continue reading

Effective January 1, 2010, the NASAA and FINRA will raise the passing grade for the Series 65, Uniform Investment Adviser Law Examination, from 68.5% to 72% and for the Series 66, Uniform Combined State Law Examination, from 71% to 75%.

For more information see
NASAA Website

Series 79 Birthday!

According to FINRA: “Effective November 2, 2009, amendments to NASD Rules 1022 and 1032 require individuals whose activities are limited to Continue reading

November 2 is just around the corner.

According to FINRA: “Effective November 2, 2009, amendments to NASD Rules 1022 and 1032 require individuals whose activities are limited to investment banking and principals who supervise such activities to pass the new Limited Representative – Investment Banking Qualification Examination (Series 79 Exam). Individuals who are registered as a General Securities Representative (Series 7) and engage in the member firm’s investment banking business as described in NASD Rule 1032(i) may “opt in” to the new registration category.”

It’s interesting to note that at this time, FINRA has not announced what a passing score will be. “The passing score for the examination is the minimum number of test questions that a candidate has to answer correctly in order to pass the examination. The Committee, using a standard setting procedure, establishes the passing score for the examination. The passing score is an absolute standard and it is independent of the performance of candidates taking the examination. Since multiple forms of the examination will be administered, the passing score will fluctuate moderately from examination to examination.”

If your firm has not created a Series 79 training program, what can you do to get the new Investment Banking Representative registration?

As per FINRA Regulatory Notice 09-41: “during the six-month transition period (November 2, 2009 – May 3, 2010), new Investment Banking Representative candidates who are in the process of qualifying for the new Investment Banking Representative registration category can take either the Series 79, the Series 7 or a Series 7-equivalent exam. A candidate who takes and passes the Series 7 Exam or Series 7- equivalent exam could then opt in to the Investment Banking Representative registration.

“Series 7 equivalent exams” and registrations are the Limited Representative—Corporate Securities (Series 62), the United Kingdom (Series 17) or Canada (Series 37/38) Modules of the Series 7.