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

Solomon Exam Prep boosts Series 79 Investment Banking Exam Simulator

For many, the hardest part of the FINRA Series 79 Investment Banking Exam relates to material covered in section one of the FINRA exam outline Continue reading

For many, the hardest part of the FINRA Series 79 Investment Banking Exam relates to material covered in section one of the FINRA exam outline: Collection, Analysis and Evaluation of Data. “Not only is this first section particularly challenging,” says Solomon Exam Prep President Jeremy Solomon, “it contains 75 questions or 43% of the 175-question exam. To pass the Series 79 exam, it’s imperative that the test-taker understand this subject matter.” To help customers gain a better understanding of this material, Solomon Exam Prep has added new valuation and transaction analysis questions to its Series 79 online exam simulator. These questions are based on original financials that the exam simulator customer must read and interpret, like the actual Series 79 investment banking exam.

Solomon Exam Prep publishes FINRA Series 26 Practice Exams with Bonus Questions

If you have to take the FINRA Investment Company Products/Variable Contracts Limited Principal Exam, taking practice tests is one of the best ways to study. Continue reading

If you have to take the FINRA Investment Company Products/Variable Contracts Limited Principal Exam, taking practice tests is one of the best ways to study. Solomon Exam Prep has created 420 high quality practice questions that test the five subject areas for the FINRA Series 26 exam and offer detailed rationales so students can learn from their mistakes.

Priced at $29.95, the Solomon Exam Prep Series 26 product is a terrific deal. “On a per question basis, the Solomon Exam Prep Series 26 practice test product is less than half the price of most the competition,” says President, Jeremy Solomon. “We’re committed to helping our customers pass their FINRA and NASAA exams quickly and affordably.”

Three sample questions:

First State Bank serves as trustee of the Milton Family Trust. As trustee, First State Bank has received information as to ownership of securities and would like to use this information to solicit purchases. Based on FINRA Rule 2060, which of the following is most accurate regarding First State Bank’s ability to use this information?

A. Because First State Bank serves as trustee, they are entitled to use this information to solicit purchases, sales or exchanges

B. Because First State Bank serves as trustee, they are never permitted to use this information to solicit purchases, sales or exchanges

C. Because First State Bank serves as trustee, they are not permitted to use this information to solicit purchases, sales or exchanges except at the request and on behalf of the issuer

D. Because a financial institution is the trustee, First State Bank does not serve a fiduciary role and may use this information to solicit purchases, sales or exchanges

Correct Answer: C

Why: FINRA Rule 2060 states that information obtained through a fiduciary capacity may not be used to solicit purchases, sales or exchanges except at the request and on behalf of the issuer. As trustee, First State Bank is considered a fiduciary and such rule is applicable. Other fiduciary roles this rule applies to include paying agent, transfer agent, and others who operate in a similar fiduciary capacity.

All of the following statements regarding an investment company are considered misleading except which of the following?

A. XYZ company has outperformed the S&P Index for the past 10 years

B. XYZ has the most effective and experienced management company in the state

C. On average, XYZ clients experience a 5% greater return than the average return for clients at ABC company

D. XYZ is the oldest investment company in the state

Correct Answer: D

Why: If accurate, stating that XYZ is the oldest investment company in the state is not a misleading statement regarding the characteristics of the investment company. All of the other statements are considered misleading because they either exaggerate claims about management skills, or give performance data which is not properly warranted or explained.

You have a brokerage account with a broker-dealer fully insured by SIPC containing securities worth $375,000 and $150,000 in cash. The broker-dealer suddenly seeks bankruptcy protection. How big of a check do you receive from the SIPC?

A. $450,000

B. $475,000

C. $500,000

D. $525,000

Correct Answer: B

Why: Your account holdings are insured up to a maximum of $500,000, of which no more than $100,000 can be in cash. You would receive $375,000 for your securities and $100,000 for the cash in your account, and would then be a general creditor of the firm for the remaining $50,000.

To order, go to: Solomon Exam Prep

For more information about the Series 26 exam, see the FINRA exam outline

Big Changes Ahead for the Series 7 Exam

At the FINRA annual conference in May in Baltimore, FINRA announced that it is in what sounds like the final stages of a substantial revision to the Series 7 Continue reading

At the FINRA annual conference in May in Baltimore, FINRA announced that it is in what sounds like the final stages of a substantial revision to the Series 7 General Securities Representative Exam. The new Series 7 exam will test five major job functions, down from the current seven. Within the five major job functions, the revised Series 7 exam will test 29 tasks associated with the major job functions of a registered representative. According to the FINRA, the new Series 7 exam will contain “200+ knowledge statements” associated with the five functions and the 29 tasks.

The five job functions of the new Series 7 General Securities Representative Exam will be:

“Seeks business for the broker-dealer through customers and potential customers”

“Evaluates customers’ financial status, financial needs and risk tolerance, and helps them identify their investment objectives”

“Opens accounts, transfers assets and maintains appropriate account records”

“Provides customers with information on investments and makes suitable recommendations”

“Obtains and verifies customer’s purchase and sales instructions, enters orders and follows up”

These five functions are the same or substantially similar to ones on the current Series 7 exam. A notable change from the existing Series 7 exam is the addition of evaluating customer “risk tolerance.”

Removed or merged into other categories are:

“Explains the organization, participants, and functions of various securities markets and the principal factors that affect them”

“Monitors the customer’s portfolio and makes recommendations consistent with changes in economic and financial conditions as well as the customer’s needs and objectives”

The revised Series 7 will still be 250 questions long with an additional ten non-scored “pre-test” questions that will be randomly distributed on the exam. The revised Series 7 exam will remain six hours in length, broken into two three-hour segments.

Although no specific timeline was provided, the FINRA announcement said that the new Series 7 content outline would be submitted to the SEC first and then once the SEC approves the proposed changes, the new content outline would be posted on the FINRA web site and then some time after that the test would be launched at the testing centers.

Meet us in Baltimore at the FINRA Annual Conference

Solomon Exam Prep will be an exhibitor at the FINRA Annual Conference May 26-28 in Baltimore at the Baltimore Marriott Waterfront Hotel. Continue reading

Solomon Exam Prep will be an exhibitor at the FINRA Annual Conference May 26-28 in Baltimore at the Baltimore Marriott Waterfront Hotel.

For more information, please go to finra.org

May 3 Opt-In deadline Approaches for Investment Bankers

According to the SEC and FINRA, anyone who is Series 7 registered and performing the role of an investment banker, may opt in and register for Continue reading

According to the SEC and FINRA, anyone who is Series 7 registered and performing the role of an investment banker, may opt in and register for the new Series 79 Limited Representative Investment Banking category by May 3. To do so, individuals must have their firms file an amended U4 on their behalf. After May 3, anyone engaging in the activities of an investment banker, as defined below by the SEC and FINRA, will be required to pass the new Series 79 exam. For more information see amended NASD rules 1022 and 1032 as well as FINRA Regulatory Notice 09-41.

According to the SEC and FINRA, investment banking activities are defined as:
• “advising on or facilitating debt or equity securities offerings through a private placement or a public offering, including but not limited to origination, underwriting, marketing, structuring, syndication, and pricing of such securities and managing the allocation and stabilization activities of such offerings, or
• advising on or facilitating mergers and acquisitions, tender offers, financial restructurings, asset sales, divestitures or other corporate reorganizations or business combination transactions, including but not limited to rendering a fairness, solvency or similar opinion.”

Solomon Exam Prep Publishes First Series 7 Training App for the Blackberry

Do you need to take the FINRA Series 7 exam? Do you have limited time to study? Do you own a Blackberry? If you answered yes to these questions, Continue reading

Do you need to take the FINRA Series 7 exam? Do you have limited time to study? Do you own a Blackberry? If you answered yes to these questions, then you’ve come to the right place!

Officially known as the Qualification Examination for General Securities Registered Representatives, the Series 7 exam qualifies a candidate to sell all types of securities. The examination tests candidates’ knowledge of the critical functions of the General Securities Registered Representative. The Series 7 exam was developed and is administered by the Financial Industry Regulatory Authority FINRA.

The Solomon Exam Prep Series 7 BlackBerry® app offers 350 practice questions from the same topic categories the seven critical functions of a registered representative and in the same proportion as the actual Series 7 exam.

Each practice exam on the Solomon Exam Prep Series 7 BlackBerry app is 50 questions long. 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. At the end of each 50 question practice test, users receive a score and a pass/fail grade.

To order, please go to Blackberry App World here: