Upcoming Series 63, 65 and 66 Changes

The North American Securities Administrators Association (NASAA) has announced that it will implement updates to the Series 63, Series 65 and Series 66 examinations on July 1, 2016. What has changed? Continue reading

The North American Securities Administrators Association (NASAA) has announced that it will implement updates to the Series 63, Series 65 and Series 66 examinations on July 1, 2016.

The changes are aimed at better aligning the skills and knowledge required by professionals in the securities industry.

The new exam outlines are similar to the current exam outlines, but some significant changes have been made.

What has changed?

Series 63                                                         

  1. The weighting of the exam sections has been modified to put more emphasis on the registration of broker-dealers over investment advisers
  2. Several new topics have been added which reflect an emphasis on communications with customers and cyber-security. Specifically, the following topics have been added or amended:
  • Exceptions for foreign B-Ds
  • B-D supervision of agents
  • Prospectus delivery requirements
  • Types of customer accounts
  • B-D and agent commissions
  • Cyber-security and data protection
  • Outside securities accounts
  • Due diligence for B-Ds
  • Regulation A amendment
  • Regulation D amendment

Series 65                                                         

  1. The weighting of the exam sections has been modified to put slightly more emphasis on the characteristics of investment vehicles and slightly less emphasis on rules and regulations.
  2. Several new topics have been added which expand the types of investment products and add regulations on electronic communications, cyber-security, pay-to-play and anti-money laundering. Specifically, the following topics have been added or amended:
  • Valuation of equity securities
  • Real estate investments
  • Viatical and life settlements
  • Structured products
  • Commodities and precious metals
  • QDROs
  • High frequency trading
  • Regulation A amendment
  • Regulation D amendment
  • Electronic communications and social media
  • B-D and agent commissions
  • Cyber-security and data protection
  • Pay-to-play rule
  • Anti-money laundering
  • Business continuity plans

Series 66                                                         

  1. The passing score has been lowered from 75% to 73%.
  2. The weighting of the exams sections has been modified to put slightly more emphasis on the characteristics of investment vehicles and slightly less emphasis on rules and regulations
  3. Several new topics have been added which expand the types of investment products and add regulations on electronic communications, cyber-security, pay-to-play and anti-money laundering. Specifically, the following topics have been added or amended:
  • Valuation of equity securities
  • Technical analysis
  • Real estate investments
  • Viatical and life settlements
  • Structured products
  • Commodities and precious metals
  • QDROs
  • High frequency trading
  • Regulation A amendment
  • Regulation D amendment
  • Electronic communications and social media
  • B-D and agent commissions
  • Cyber-security and data protection
  • Pay-to-play rule
  • Anti-money laundering

How will this affect my Solomon Exam Prep products?

Solomon Exam Prep will be updating all products offered for the NASAA exams. For those students that currently have materials and are testing after July 1, 2016, we have added an addendum to their Resources folder (located on their student account), that includes all rule changes and updates.

Our Online Exam Simulator has already been adjusted to reflect the new changes, so students will see an option to take full exams structured prior to July 1 or after July 1 – this will allow for any and all students to utilize our products regardless of their anticipated exam date. We are always adding new questions to our database and that will be reflected in the Online Exam Simulator.

In the coming weeks we will also be releasing a new/ updated digital Study Guide that will reflect the upcoming changes. Any current students will have the option of having their digital Study Guide changed to the new edition at that time, or they can continue to study with our current edition and the supplied addendum.

If you have any questions about the changes or our materials, please do not hesitate to call our office at 503.601.0212 or email info@solomonexamprep.com.

Study Question of the Month – April

This month’s study question from the Solomon Online Exam Simulator question database is now available. Relevant to the Series 63, 65, and 66. –ANSWER POSTED– Continue reading

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

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

Study Question

Question (Relevant to the Series 63, Series 65, and Series 66):

Jenny is an administrative assistant who mans the phones over the lunch hour for a broker-dealer. She occasionally takes orders while the sales staff is on lunch, but does not solicit orders. She is not compensated directly for the orders she takes. Which of the following is true under the Uniform Securities Act?

Answers:

A. Jenny does not need to register if she only takes unsolicited orders.

B. Jenny does not need to register since her job function is mostly clerical in nature.

C. Jenny needs to register as an agent for the broker-dealer.

D. Jenny does not need to register because she is not compensated for the orders she takes.

Correct Answer: C. Jenny needs to register as an agent for the broker-dealer.

Rationale: Even though Jenny’s job is clerical in nature, if she takes orders, even unsolicited orders, she must register as an agent for the broker-dealer. Interestingly, she is allowed to read off bond quotes or stock prices over the phone and she may access account information without having to register as an agent.

Congratulations! This month’s winner is Jessi B.

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

Testimonial Tuesday: February 10, 2015 Edition

“I passed my Series 63 today with an 85% and Series 6 two weeks back with an 80%…” Continue reading

“I passed my Series 63 today with an 85% and Series 6 two weeks back with an 80%. I was very nervous, but studying was made easy with Solomon Exam Prep; their simple Plain English explanations helped fight that legalese on the Series 63 especially. I totally owe this to the Solomon team, their awesome question bank, and friendly staff. “Ask the Professor” is prompt in answering all your queries. I’m definitely recommending their program to my employer.”  

-Priya R., PA

 — Read more reviews here: Solomon Exam Prep Reviews —

Testimonial Tuesday: October 21, 2014 Edition

“I’ve been using Solomon Exam Preparation materials for my last four Series tests: the Series 82, Series 63, Series 79 and just recently the Series 7. My scores on these tests were 88, 90, 88 and 90…” Continue reading

“I’ve been using Solomon Exam Preparation materials for my last four Series tests: the Series 82, Series 63, Series 79 and just recently the Series 7.  My scores on these tests were 88, 90, 88 and 90.  The Solomon texts were comprehensive and easy to read; everything you need to know is in there.  But there is so much material that these exams cover that you have to read the texts several times over and take as many practice quizzes and tests as you can until you score in the mid 80’s.  Then go in for the test.  That’s what I did.  I went in scoring in the mid 80’s on practice exams and “peaked” at higher scores while taking the actual tests.  You can’t do any better than Solomon.  I highly recommend them.”

-Michael McGregor, FOCUS Investment Banking, Charlotte, NC

 

Read more reviews here: Solomon Exam Prep Reviews

Portland, OR – Live, Series 6 & 63 Class this September

Solomon Exam Prep will be holding a “crash course” for the Series 6 & Series 63 this September. Taught by Professor Karen Solomon, this class will cover the major topics that will be encountered on these exams. Enroll now and reserve your spot in class. Continue reading

Looking for a Live, Series 6 and/or Series 63 Class? Look no further!

Solomon Exam Prep will be holding a “crash course” for the Series 6 & Series 63 this September. Taught by Professor Karen Solomon, this class will cover the major topics that will be encountered on these exams. Enroll now and reserve your spot in class. The Live-Class Package for the Series 6 & 63 also includes access to our Digital Exam Study Guide and Online Exam Simulator. Class dates and times are:

Series 6

Tuesday, September 9 – 10:00 AM – 3:00 PM

Wednesday, September 10 – 10:00 AM – 3:00 PM

Series 63

Thursday, September 11 – 10:00 AM – 3:00 PM

Classes will be held across the street from Solomon Exam Prep at the George Fox Portland Center:12753 SW 68th Ave, Portland, OR 97223.

Testimonial Tuesday: June 17, 2014 Edition

“I used the Solomon Series 63 prep and passed with confidence. I highly recommend following the 10 day study plan.” Continue reading

“I used the Solomon Series 63 prep and passed with confidence. I highly recommend following the 10 day study plan.” -Melissa, Spokane, WA

 

Read more reviews here: Solomon Exam Prep Reviews

Series 6 & 63 Live Class in Portland!

Solomon Exam Prep is happy to announce that we are hosting a Series 6 & Series 63 live, in-person class with Professor Solomon. Continue reading

Do you live in the Portland area? Solomon Exam Prep is happy to announce that we are hosting a Series 6 & Series 63 live, in-person class with Professor Solomon. This “crash course” will be over the course of 3 days, from Monday, June 23 – Wednesday, June 25th. Here is the breakdown:

  Monday, June 23
10:00-12:00| Series 6 CLASS
12:00-1:00| LUNCH BREAK
1:00-3:00| Series 6 CLASS

Tuesday, June 24
10:00-12:00| Series 6 CLASS
12:00-1:00| LUNCH BREAK
1:00-3:00| Series 6 CLASS

Wednesday, June 25
10:00-12:00| Series 63 CLASS
12:00-1:00| LUNCH BREAK
1:00-3:00| Series 63 CLASS

 

Classes will be held across the street from Solomon Exam Prep at the George Fox Portland Center: 12753 SW 68th Ave, Portland, OR 97223. All interested students should give us a call at 503.601.0212 to reserve their spot before the class fills up!