University of Nebraska-Omaha Students Studying for the SIE Exam with Solomon

Solomon Exam Prep’s SIE study materials are helping students at UNO learn about financial markets and prepare to take the SIE exam. Continue reading

Solomon Exam Prep is proud that our long-standing partnership with the University of Nebraska Omaha’s College of Business Administration continues be a success. Since 2018, instructor Ray LeBlanc has been using Solomon’s Securities Industry Essentials (SIE) curriculum in UNO’s Financial Markets course, which is a core course in the banking and financial markets program. In the fall 2021 semester, there are 64 students in two class sections studying with Solomon SIE exam prep.

Ray LeBlanc had this midterm update to share:

“UNO’s experience with Solomon Exam Prep continues to be extraordinary. We have expanded our course catalog to include a completely online offering this fall. Both the face-to-face and online students appreciate Solomon’s clear, concise content which provides the perfect foundation for our Financial Markets class. Best of all, students who aspire to enter the finance services industry are sufficiently prepared to launch their career by passing the SIE Exam before they even interview for a job. We look forward to continuing our partnership for years to come.”

Ray LeBlanc, University of Nebraska-Omaha

Why should students take the SIE exam?

The SIE exam is FINRA’s way of introducing a new generation to the securities industry. Passing the SIE proves that an individual knows and understands the basics of the world of stocks, bonds, mutual funds and ETFs. It’s also the requirement for anyone who will want to become registered, so it’s quickly becoming the industry standard to take the exam before applying for jobs. Having the SIE on a resume can increase a student’s chance of landing a desirable internship or first job after graduation. 
 
Passing the SIE shows potential employers that students:

    • Are serious about a career in the financial services industry
    • Have completed a co-requisite for a relevant Series exams
    • Have mastered the basics of the securities industry

The only requirement to take the SIE is that the candidate is over 18 years old. Results are valid for four years so students can take the exam well before graduation.

Solomon Exam Prep partners with dozens of colleges and universities to bring the Solomon SIE exam prep program to students across the country. Join institutions such as the University of Nebraska-Omaha, University of Delaware, Adelphi University, Seton Hall University, Ohio Dominican University, Georgetown University, Widener University, and University of Dallas in partnering with Solomon.

To learn more about the ways colleges and universities can partner with Solomon, visit the website or contact Beth Hamilton, Higher Education Development Manager, at beth@solomonexamprep.com or 503-601-0212.

Solomon Exam Prep Celebrates 1,000 LinkedIn Followers

The Solomon Exam Prep LinkedIn community continues to grow, and we couldn’t be happier. Keep reading to find out who our followers are and why they follow the Solomon page. Continue reading

Solomon Exam Prep is excited to celebrate a new milestone: we now have 1,000 followers on the Solomon LinkedIn page! We’d like to extend a sincere thank you to everyone who has joined our LinkedIn community – from those who’ve been following along with us since the page was created in 2010 to the 37 new followers we’ve gained in the past month. We truly appreciate all of your likes, comments, and shares.

The top 5 locations our followers come from:

    • Greater NY City area – 17%
    • Greater Atlanta area – 5%
    • Portland, OR area – 4%
    • Greater Chicago area – 3%
    • Greater Philadelphia area – 3% 


Other locations include the D.C. Metro area, Greater Denver area, Greater Los Angeles area, Dallas/Fort Worth area, and San Francisco Bay Area.

The top 5 industries our followers work in: 

    • Financial Services – 53%
    • Investment Banking – 7%
    • Investment Management – 7%
    • Insurance – 6%
    • Banking – 3% 


The rest work in Higher Education, Real Estate, Education Management, and Management Consulting. 

Not a follower yet? The Solomon LinkedIn page is a place where you can:

    • Stay informed about the latest industry news and trends
    • Get securities licensing exam information and study tips
    • Hear about Solomon product updates and releases
    • Read about Solomon customers’ success stories 


Sound interesting? Join the community! Just follow the link to visit the Solomon LinkedIn page. 

Thank you again to all of our followers for engaging with Solomon and helping us reach this exciting milestone! We look forward to continuing the conversation.

University of North Carolina at Pembroke Finance Students Studying for the SIE Exam with Solomon

Students at UNC Pembroke are preparing for the FINRA SIE exam this fall semester with Solomon Exam Prep’s SIE study materials. Continue reading

In a previous blog post, Solomon Exam Prep announced a new partnership with the University of North Carolina at Pembroke’s School of Business. Fall 2021 marks the first term that UNC Pembroke is using Solomon Exam Prep’s SIE curriculum in one of its courses. For the past seven weeks, students have been studying online with the Solomon SIE Total Package, which includes the Study Guide, Exam Simulator, Audiobook, Video Lecture, and Flashcards.

The new 14-week course, Financial Trading, is being taught by Mohammad Rahman, Ph.D., Associate Professor of Finance, who reports:

“University of North Carolina at Pembroke school of Business started offering a new minor in ‘Trading’. As part of that, FIN 3300 (Financial Trading) has been offered in Fall 2021 for the first time. I am using Solomon SIE exam prep tools for the class. The students are tremendously benefitting from using all the tools starting with study guide, exam simulation and other resources. I hope this will allow our students to get the SIE certification and make a positive difference in their life.”

Mohammad Rahman, Ph.D., Associate Professor of Finance

Solomon Exam Prep can tailor its SIE curriculum to fit any course, including credit and non-credit courses, as part of a current course such as Finance or Capital Markets, or as a self-study program. The Solomon platform works equally well for in-person, hybrid, and online courses. And no matter what kind of course it is, instructors receive access to the Instructor Portal, class slides, quizzes and exams, a custom study schedule, and QwizBang, Solomon’s interactive game platform.

Join institutions such as the University of North Carolina at Pembroke, University of Delaware, Adelphi University, University of Nebraska-Omaha, Seton Hall University, Ohio Dominican University, Georgetown University, Widener University, and University of Dallas in partnering with Solomon.

To learn more about the ways colleges and universities can partner with Solomon, visit the website or contact Beth Hamilton, Higher Education Development Manager, at beth@solomonexamprep.com or 503-601-0212.

University of the Incarnate Word In San Antonio Partners with Solomon on Capital Markets Course

Solomon Exam Prep’s SIE exam study course is being used by students at the University of the Incarnate Word in San Antonio, Texas this Fall 2021 term. Continue reading

Solomon Exam Prep is pleased to report that the University of the Incarnate Word in San Antonio, Texas is partnering with Solomon this Fall 2021 term. Solomon SIE study materials are being used by 17 students in the FIN 3325 Money and Capital Markets course. Alicia Rubio, Ph.D., Professor of Finance and BBA Director at the H-E-B School of Business and Administration, had this to say about students’ experience preparing for the SIE so far:

“Finance students at the University of the Incarnate Word are preparing for the SIE with Solomon Exam Prep. Our students love the unlimited sub-chapter quizzes as they really help them to master the material. Although the SIE exam is information overload, Solomon does a great job at making it manageable to digest. We look forward to the end of the semester to see how many students attempt and pass the SIE exam.”

Alicia Rubio, Ph.D., Professor of Finance & BBA Director

The Money and Capital Markets course is required for students pursuing a BBA in Finance with a Financial Planning specialization. This path prepares students for careers in risk management, insurance, estate planning, investment planning, and other areas of finance. The Financial Planning career path is recognized by the Certified Financial Planner (CFP)® Board as a registered program.

Bring the SIE to Your Campus

Solomon Exam Prep partners with dozens of colleges and universities to bring the Solomon SIE exam prep program to students across the country. Join institutions such as the University of the Incarnate Word, University of Delaware, Adelphi University, University of Nebraska-Omaha, Seton Hall University, Ohio Dominican University, Georgetown University, Widener University, and University of Dallas in partnering with Solomon.

To learn more about the ways colleges and universities can partner with Solomon, visit the website or contact Beth Hamilton, Higher Education Development Manager, at beth@solomonexamprep.com or 503-601-0212.

Update: Series 54 Deadline Extended to November 30

Principals at municipal advisor firms must pass the Series 54 exam by November 30, 2021, to continue acting as principals. Continue reading

As we covered in a previous blog post on the Solomon Industry News Blog, the Municipal Securities Rulemaking Board (MSRB) had announced plans to push back the deadline for municipal advisor principals to take the new Series 54 exam. However, the MSRB did not say how much of an extension they intended to give.

Now we know. On September 2, the MSRB filed a request with the SEC to extend the Series 54 deadline from November 12 to November 30.

The SEC must still approve the extension before it becomes official.

UPDATE – September 30, 2021: The MSRB issued a notice stating that November 30, 2021, is the deadline for passing the Series 54 exam.

Read the full MSRB notice here.

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University of North Carolina Pembroke partners with Solomon on Financial Trading course

Solomon Exam Prep’s latest partnership will bring its Securities Industry Essentials (SIE) exam curriculum to a new UNC Pembroke course. Continue reading

Solomon Exam Prep is thrilled to announce its newest university partnership, with the University of North Carolina at Pembroke. Mohammad Rahman, Ph.D., Associate Professor in the School of Business, will be using Solomon Exam Prep’s Securities Industry Essentials (SIE) curriculum for a new finance course called Financial Trading. The online elective is running this Fall 2021 semester and will give students the opportunity to dive into the world of investing, plus help prepare them to take the SIE exam.

In the course, students will learn about trading environments, processes, and strategies. Topics covered include order types, trading terminology, hedging strategies, trading costs, market structure, and regulatory environments. Market simulations will be used to aid students’ understanding of executing trades, the application of trading strategies, and tracking performance metrics.

Bring the SIE to Your Campus

Interested in how you could incorporate Solomon Exam Prep’s study materials into a course at your college or university? Solomon’s flexible SIE curriculum can be tailored to meet the needs of a variety of classes. Students receive Solomon’s industry-leading online study materials at a discounted educational rate, and instructors benefit from high-touch support and access to the Instructor Portal with its innovative classroom tools and reporting features. And Solomon’s SIE curriculum is perfect for both in-person and online courses.

I just want to thank Solomon Exam Prep for a great semester! We taught this curriculum at Widener University for the first time. The Solomon team was great to work with! Always available, very responsive and eager to help. The online offering is very comprehensive and we didn’t miss a beat when we switched to remote learning. The QwizBang game was a big hit with the students (although more fun when we were all in the same room.) I can’t thank them enough for all that they have done.

Maggie Creed, Widener University, Chester, PA

Join institutions such as the University of Delaware, Adelphi University, University of Nebraska-Omaha, Seton Hall University, Ohio Dominican University, Georgetown University, Widener University, and University of Dallas in partnering with Solomon.

To learn more about the ways colleges and universities can partner with Solomon, visit the website or contact Beth Hamilton, Higher Education Development Manager, at beth@solomonexamprep.com or 503-601-0212.

November 12 deadline for MSRB Series 54 Municipal Advisor Principal Exam

Principals at municipal advisor firms must pass the Series 54 exam by November 12, 2021, to continue acting as principals. Continue reading

When the Municipal Securities Rulemaking Board (MSRB) created an exam specifically for principals at municipal advisor (MA) firms, the plan was for all MA principals to take it within a year.

The exam, known as the Series 54, was first made available on November 12, 2019. The MSRB required that all MA principals who wanted to continue acting as principals would have to pass the Series 54 by November 12, 2020.

But like many plans in 2020, the MSRB’s plan for the Series 54 was disrupted by Covid-19. With FINRA testing centers shut down for months, and uncertainty regarding when testing would resume, the MSRB added a one-year grace period to its original deadline. MA principals would now have until November 12, 2021, to pass the Series 54 exam.

The regulator recently reminded MA firms that “those who engage in the management, direction or supervision of…municipal advisory activities” will need to pass the Series 54 on or before November 12.

UPDATE: On August 11, the MSRB announced that it would seek SEC approval for an additional extension. The MSRB did not say how long the planned extension would be, but the regulator plans to announce this by September 10. The MSRB also announced an “interim accommodation” allowing those who need to take the Series 54 exam online to do so. Details about how to apply for this accommodation will be posted on MSRB.org no later than August 20.

UPDATE: On September 2, the MSRB announced that it has filed a request with the SEC to extend the Series 54 deadline from November 12 to November 30, 2021. View the blog post about this announcement here.   

What is a Municipal Advisor?

A municipal advisor, or MA, differs from a municipal securities dealer in that an MA does not underwrite and sell municipal securities. Instead, an MA gives advice about structuring an issue of municipal securities, selecting an underwriter, investing the proceeds, and related matters. Unlike a municipal securities dealer, an MA is the municipality’s fiduciary, which means that the MA must put the municipality’s interests before its own. MAs became regulated in a manner like municipal securities dealers as one of the reforms resulting from the 2008 financial crisis.

When MAs first came under the MSRB’s jurisdiction, the MSRB only had one qualification exam for MA personnel: the Series 50, which is taken by representatives and principals alike. During the grace period, principals who have only passed the 50 have been allowed to continue as principals. After the deadline, MA principals will need to have passed both the Series 50 and the Series 54.

Solomon Exam Prep has helped hundreds pass the Series 50 and Series 54 exams.

Solomon offers an innovative suite of exam prep products for the Series 54 to help you pass this difficult test, plus a step-by-step study schedule to tell you how to do it. Choose from an easy-to-understand Study Guide, an Exam Simulator with hundreds of relevant practice questions and detailed rationales, and a Video Lecture to help you learn and highlight the most critical information for the exam.

Solomon recommends at least 40 hours of studying to give yourself the best chance at passing this challenging principal exam.

Do yourself a favor and start studying well before the deadline, and let Solomon help you on your road to success! Explore Solomon’s Series 54 study materials by clicking the link below.

Solomon Partners with Colleges & Universities to Bring SIE Exam Prep to Students

Oregon Business Monthly highlights Solomon’s work bringing SIE exam prep to college students through our many partnerships with higher education institutions across the country. Continue reading

Solomon Exam Prep is ‘the ticket’ into the securities industry, according to Oregon Business Magazine

Read the story about Solomon Exam Prep published in the July/August 2021 issue of Oregon Business Magazine: “Securities industry exams: Passing offers high rewards.

Oregon Business Monthly highlights Solomon’s work bringing SIE exam prep to college students through our many partnerships with higher education institutions across the country. If you’d like to read more about the importance of passing the SIE and Solomon’s role in helping students enter the securities industry, view the article by clicking the link below or hit the download button to get a pdf version.

Read Oregon Business Monthly Article Online

PDF Download of Oregon Business Monthly‘s Article

Leading from the Start

Solomon Exam Prep has been a leader in SIE exam prep since the beginning. When the Securities Industry Essentials (SIE) exam was launched by FINRA on October 1, 2018, Solomon Exam Prep was prepared – Solomon had been busy developing its SIE study materials and had released the SIE Study Guide and Exam Simulator in September 2017. Since then, Solomon has continuously worked to develop industry-leading study support for the SIE, adding the Video Lecture, Audiobook, and Flashcards to its suite of materials, as well as offering monthly SIE live web classes.

Resources for Colleges and Universities Available

Developed by professors with real world experience in the classroom, Solomon’s SIE course features individualized student and instructor support, and high pass rates.

Institutions such as the University of Delaware, Adelphi University, University of Nebraska-Omaha, Seton Hall University, Ohio Dominican University, Georgetown University, Widener University, and University of Dallas have already discovered the benefits of partnering with Solomon.

“Offering the Securities Industries Essential (SIE) Exam Prep Class is a game changer. Students are more engaged and are excited about the potential for future employment opportunities that successfully passing the SIE exam will provide.”
Larry L. Day
Instructor of Finance, Jackson State University

Solomon can tailor its SIE curriculum to fit any course. Most colleges and universities choose to incorporate Solomon in the following ways:

Credit Course
Solomon provides all necessary materials required to offer a course for a quarter, trimester or semester

Non-Credit Course
Complete lesson plans offered as a mini-course between terms and structured for allotted time

As Part of a Current Course
Lesson plans offered as a sub-section of an existing class, such as a Finance or Capital Markets Course

Student Self-Study Program
Includes customized informational materials for a specific program and a dedicated partner page where students sign up to receive a significant discount on SIE materials

Solomon Exam Prep has helped tens of thousands of students and financial professionals pass their securities licensing exams, including the SIE, Series 3, 6, 7, 14, 22, 24, 26, 27, 28, 50, 51, 52, 53, 54, 63, 65, 66, 79, 82, and 99.

Solomon Exam Prep Offers Powerful New AI Feature: Remediation Reporting

Learn about the Solomon Remediation Report, a new analytical feature designed to help students pass their securities licensing exams the first time. Continue reading

Solomon Exam Prep is delighted to announce an advanced analytical feature called a Remediation Report. The Solomon system analyzes a student’s five most recent practice exams and determines whether a student is ready to take his or her exam. If Solomon AI determines that a student is not ready to sit for their exam, then it creates an individual report with personalized guidance on how to remediate and prepare to pass. This custom Remediation Report is sent to the Solomon student’s email inbox.

The Solomon Remediation Report is connected to the Solomon Pass Probability tool, the industry-leading measure of a security exam prep student’s readiness to pass an exam. Solomon Pass Probability is based on thousands of student data points. Once a Solomon student has taken at least five practice exams, the Solomon Pass Probability feature is activated, and the Pass Probability metric is available in the student’s dashboard. The Solomon Remediation Report provides an additional level of customized study support by helping students focus their efforts and remediate before they sit for their exam.

Solomon Pass Probability and Remediation Reports are currently available for the following exams: SIE, Series 6, Series 7, Series 63, Series 65, Series 66, Series 79, and Series 82.

To learn about all the features of the Solomon Exam Prep learning system, watch the video overview.

What is a SPAC and should you care about it for the FINRA Series 79 exam?

SPACs have grown by leaps and bounds in recent years, and the growth is only accelerating. What will this mean for regulations and the Series 79 exam? Continue reading

It sounds like a securities-industry riddle: what do you call a blank check company with no hard assets that holds a multimillion dollar IPO? But the answer is very real: SPACs (special purposes acquisition companies) are an alternative to traditional IPOs that have exploded in popularity.

What’s a “blank check company?”  A blank check company is an exchange-listed shell company that, according to the SEC, has “no specific business plan or…its business plan is to engage in a merger or acquisition.”

The purpose of a SPAC is to raise money to acquire a privately held company. Think of it as crowdfunding on a massive scale. First, the SPAC sells shares of itself in an IPO. Then it uses the IPO proceeds to fund a merger between itself and a target company. When the merger is complete, the SPAC’s shareholders become shareholders in the target company. Investors buy SPAC shares based on their confidence that the SPAC’s management will complete the merger, and the anticipated value of the shares after the merger.

SPACs have grown by leaps and bounds in recent years, and the growth is only accelerating. The amount raised by SPAC IPOs in 2020 more than quadrupled the amount they raised in 2019. According to Reuters, the total value of SPAC mergers in 2021 has already exceeded the total size of SPAC mergers for all of 2020.

What does this mean for regulations?

As investor excitement around SPACs has heated up, there are indications that the SEC is beginning to take a closer look at this new kind of IPO. On March 10th, the SEC issued a warning against investing based on celebrity involvement with a SPAC. Celebrities with high-profile ties to SPACs include A-Rod, Shaquille O’Neal, Serena Williams, and former Speaker of the House Paul Ryan. Acting SEC Chair Allison Herren Lee recently warned of “more and more evidence on the risk side of the equation for SPACs as we see studies showing that their performance for most investors doesn’t match the hype.”

While none of this guarantees that new rules for SPACs are around the corner, it does make it more likely that FINRA’s Series 79 investment banking exam may begin to include mention of SPACs. They are a topic that investment bankers are increasingly likely to encounter in practice, and therefore are increasingly likely to be viewed as fair game for the exam.

Solomon Exam Prep is ahead of the curve with new material in our Series 79 Study Guide. Series 79 customers can find material on SPACs now included in the online edition of Solomon Study Guide.

Potentially testable points about SPACs include:
  • SPAC are formed by “sponsors,” commonly institutional investors or high net worth individuals, who are compensated with both a portion of the IPO proceeds, as well as an equity stake in the SPAC of up to 20%.
  • SPAC’s typically avoid committing to merge with a specific company, even if the SPAC was formed with the intention of targeting that company. The SPAC’s management may respond to changing market conditions by choosing a different target, subject to approval from the SPAC’s shareholders.
  • After a SPAC goes public, its shares trade freely on exchanges even before it completes a merger.
  • A SPAC must hold at least 85% of proceeds from its IPO in an escrow account.
  • The SPAC commits to return investor funds if it fails to complete a merger within a specified timeframe.
  • As a blank check company with no business operations of its own, a SPAC cannot take advantage of certain options available to more established securities issuers. For example, a SPAC is not permitted to make an electronic version of its road show presentation.

Solomon Exam Prep will continue to follow industry trends and how they affect your licensing exams.

Solomon Exam Prep has helped thousands pass their securities licensing exams, including the SIE and the Series 3, 6, 7, 14, 22, 24, 26, 27, 28, 50, 51, 52, 53, 54, 63, 65, 66, 79, 82 and 99.