securities

Study Question of the Week: October 2, 2013 Edition

This week’s study question from the Solomon Online Exam Simulator question database is now available. Relevant to the Series 24 and Series 79. –ANSWER POSTED– Continue reading

This week’s study question from the Solomon Online Exam Simulator question database is now available.

Question (Relevant to the Series 24 and Series 79):

An issuer of publicly offered securities must file:

Answers:

A. Five copies of the preliminary prospectus with the SEC no later than the date that it is first sent to investors

B. Ten copies of the preliminary prospectus with the SEC no later than the date that it is first sent to investors

C. Five copies of the preliminary prospectus with the SEC at least 10 days prior to the date that it is first sent to investors

D. Ten copies of the preliminary prospectus with the SEC at least 10 days prior to the date that it is first sent to investors

Correct Answer: A

Rationale: An issuer of publicly offered securities must file five copies of the preliminary prospectus with the SEC no later than the date that it is first sent to investors.

Weekly study questions are from Solomon’s industry-leading Online Exam Simulator.

Study Question of the Week: May 1, 2013 Edition

This week’s study question from the Solomon Online Exam Simulator question database is now available. Relevant to the Series 6, Series 7, Series 62, Series 65, Series 66, Series 79, and Series 82. –ANSWER POSTED– Continue reading

This week’s study question from the Solomon Online Exam Simulator question database is now available.

Question (Relevant to the Series 6, Series 7, Series 62, Series 65, Series 66, Series 79, and Series 82):

Which of the following Treasury securities does not pay interest semi-annually?

Answers:

A. T-bills

B. T-notes

C. T-bonds

D. TIPS

Correct Answer: A

Rationale: Treasury bills, or T-bills are issued at a discount from the par value (face value) and the interest payment is paid one time, on maturity, and it is the difference between the par value and the purchase price. T-notes, T-bonds and TIPS pay interest semi-annually (twice a year).

Weekly study questions are from Solomon’s industry-leading Online Exam Simulator.

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