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NASD Securities Licensing Products -
Series 6, 7, 9, 10, 24, 26, 55, 62, 63, 65, and 66 instruction are available. At Online SchoolRoom/360training, you’ll learn everything you need—not just to get your license, but to thrive as a securities broker. Online SchoolRoom/360 training is a market leading provider of compliance and workforce e-Learning solutions. We, along with over 1500 e-learning partners, have trained more than 3 million users worldwide. All courses have LIVE DEMOs . We have sample chapters, Tables of Contents & Sample Exam Questions. Look BEFORE you buy!
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• Series 6: Investment Company Products/Variable Contract Representative
Qualifies an individual to sell investment company securities, mutual funds, variable annuities, and variable life insurance products. NASD Securities licensing product series
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• Series 7: General Securities Representative
Qualifies an individual to solicit, purchase, and/or sell all securities products, including corporate securities, municipal securities, municipal fund securities, options, direct participation programs, investment company products, and variable contracts. NASD Securities licensing product series
• Series 63: Uniform Securities Agent State Law Examination
The examination covers the principles of state securities regulation reflected in the Uniform Securities Act; these laws are sometimes called "Blue Sky" laws. series
• Series 9: General Securities Sales Supervisor - Options
Qualifies an individual to register as a principal to supervise sales activities in corporate, municipal, and options securities, investment company products, variable contracts, and direct participation programs.
• Series 10: General Securities Sales Supervisor - General Securities
Qualifies an individual to register as a principal to supervise sales activities in corporate, municipal, and options securities, investment company products, variable contracts, and direct participation programs. NASD Securities licensing product series
• Series 7: General Securities Representative
Qualifies an individual to solicit, purchase, and/or sell all securities products, including corporate securities, municipal securities, municipal fund securities, options, direct participation programs, investment company products, and variable contracts.
• Series 63: Uniform Securities Agent State Law Examination
The examination covers the principles of state securities regulation reflected in the Uniform Securities Act; these laws are sometimes called "Blue Sky" laws.
NASD Securities licensing product series
• Series 10: General Securities Sales Supervisor - General Securities
Qualifies an individual to register as a principal to supervise sales activities in corporate, municipal, and options securities, investment company products, variable contracts, and direct participation programs. NASD Securities licensing product series
• Series 66: Uniform Combined State Law Examination
Qualifies an individual to be both an "agent" of a broker/dealer and an "investment advisor" representative in each state. NASD Securities licensing product series
• Series 65: Uniform Investment Advisor Law Examination
Qualifies a representative to act as an investment advisor and receive a fee.
• Series 62: Corporate Securities Limited Representative
Qualifies an individual to sell public offerings and/or private placements of corporate stocks, corporate bonds, rights, warrants, REITs, CMOs, and securities of closed-end companies, repos and certificates of accrual on corporate securities; securities traders; M&A; venture capital; corporate financing; ETFs, and hedge funds. NASD Securities licensing product series
• Series 6: Investment Company Products/Variable Contract Representative
Qualifies an individual to sell investment company securities, mutual funds, variable annuities, and variable life insurance products.
• Series 63: Uniform Securities Agent State Law Examination
The examination covers the principles of state securities regulation reflected in the Uniform Securities Act; these laws are sometimes called "Blue Sky" laws.
• Series 55: Equity Trader Limited Representative
Qualifies an individual to trade equity and convertible debt securities on a principal or agency basis.
• Series 26: Investment Company Products/Variable Contracts Limited Principal
Qualifies an individual to supervise the sale of investment company securities and variable contracts. NASD Securities licensing product series
• Series 24: General Securities Principal
Qualifies an individual to be an officer, partner, or supervisor of sales personnel with a FINRA member firm.
• Series 9: General Securities Sales Supervisor - Options
Qualifies an individual to register as a principal to supervise sales activities in corporate, municipal, and options securities, investment company products, variable contracts, and direct participation programs.
For sales/enrollment questions call 866.959.6230
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NEWS
For Release:
Contact: Tuesday, August 18, 2009
George Smaragdis (202) 728-8988
FINRA, SEC Warn Retail Investors About Investing in Leveraged or Inverse ETFs
Washington, DC — The Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC) have issued an Investor Alert called Leveraged and Inverse ETFs: Specialized Products with Extra Risks for Buy-and-Hold Investors warning retail investors of the risks associated with investing in these highly complex financial products. This Investor Alert follows a recent FINRA Regulatory Notice reminding securities firms and brokers of their sales practice obligations relating to leveraged and inverse exchange-traded funds (ETFs).
Traditional ETFs are designed to track an index, such as the S&P 500, or the price of an individual asset. Leveraged ETFs seek to deliver multiples of the performance of the index or benchmark (such as commodities or currencies) they track. Inverse ETFs (also called "short" funds) seek to deliver the opposite of the performance of the index or benchmark they track and are often marketed as a way for investors to profit from, or at least hedge their exposure to, downward moving markets. Both leveraged and inverse ETFs pursue a range of investment strategies through the use of swaps, futures contracts and other derivative instruments.
"Not all ETFs are created equal," said John Gannon, FINRA Senior Vice President for Investor Education. "Over time, leveraged and inverse ETFs can deviate substantially from the performance of the underlying benchmark, particularly in volatile periods. They are highly complex financial instruments that can turn into a minefield for buy-and-hold investors."
Most leveraged and inverse ETFs "reset" daily. This means that they are designed to achieve their stated objectives on a daily basis. Their performance over longer periods of time — over weeks, months or years — can differ significantly from the performance (or inverse of the performance) of their underlying index or benchmark during the same period of time. This effect can be magnified in volatile markets. For example, between December 1, 2008, and April 30, 2009, a leveraged ETF seeking to deliver three times the daily return of the Russell 1000 Financial Services Index fell 53 percent, while the underlying index actually gained approximately 8 percent. A leveraged inverse ETF seeking to deliver three times the inverse of the Russell 1000 Financial Services Index's daily return declined by 90 percent over the same period.
The SEC and FINRA are advising investors to consider leveraged and inverse ETFs only if they are confident the product can help meet their investment objectives and they are knowledgeable about and comfortable with the risks associated with these specialized ETFs. Because these products are complex and can be confusing, investors should consider seeking the advice of an investment professional who understands these products, can explain whether or how they fit with the individual investor's objectives, and who is willing to monitor the specialized ETF's performance for his or her customers.
Leveraged and Inverse ETFs also includes a list of questions investors should ask to better understand the risks of investing in these financial products.
Leveraged and Inverse ETFs is available on the SEC's Web site.
Lehman Questioned Over Securities Sales, Report Says
May 21, 2009, 7:10 am
Prosecutors from the U.S. attorney’s office in Brooklyn and Securities and Exchange Commission lawyers have interviewed several former Lehman employees about the securities, to try to determine whether these people defrauded customers, the newspaper said.
The securities were billed as safe, cash-like instruments bought and sold in weekly or monthly auctions. Big banks stopped supporting these auctions in early 2008 as investor demand for the debt dried up, part of a wider slump in financial markets.
The regulators want to know if the Lehman executives were aware the market was in trouble and if they sold their own holdings of the securities, The Journal said, citing people familiar with the matter.
Updated March 02, 2009
NASDR Notices to Members
Reporting Requirements for Settlements of Customer Disputes Involving Auction Rate Securities
FINRA reminds firms that reach settlements of claims related to the sale of auction rate securities that, in determining the settlement amount for the purpose of potential reporting obligations pursuant to NASD Rule 3070 and Incorporated NYSE Rule 351 (Reporting Requirements) and Forms U4 and U5, firms must include the full dollar amount that was refunded to the customer as part of a repurchase agreement, plus any other damages identified in the settlement.
SEC Approval and Effective Date for New Consolidated FINRA Rule on Trading Ahead of Research Reports
Following the consolidation of NASD and the member regulation, enforcement and arbitration functions of NYSE Regulation into FINRA, FINRA established a process to develop a new consolidated rulebook (Consolidated FINRA Rulebook), which FINRA has discussed in previous Information Notices. FINRA is proposing new consolidated rules in phases for SEC approval as part of the Consolidated FINRA Rulebook. In January 2009, the SEC approved a new consolidated FINRA Rule relating to trading ahead of research reports, which will take effect on April 20, 2009.
SEC Approves Rule Relating to Supervision of Market Letters
Effective February 5, 2009, firms may supervise "market letters" as correspondence rather than sales literature, unless the letters are distributed to 25 or more existing retail customers within any 30-calendar-day period and make a financial or investment recommendation or otherwise promote the firm's product or service.
Customer Account Statements and Due Diligence Requirements for Unlisted Real Estate Investment Trusts (REITs) and Direct Participation Programs (DPPs)
FINRA is issuing this Notice to address certain requirements that apply to the per-share customer account statement values and dividend distributions of REITs and DPPs (collectively, "real estate investment programs") that are sold through broker-dealers, invest in real estate and do not trade on a national securities exchange.
SEC Approves Amendments to FINRA Trade Reporting Rules
Effective Monday, August 3, 2009, firms' trade reporting obligations for over-the- counter (OTC) equity transactions will change. Specifically, amendments to FINRA trade reporting rules will:
- replace the current market maker-based trade reporting structure with an "executing party" structure; and
- require firms with the trade reporting obligation that are acting in a riskless principal or agency capacity on behalf of another member firm(s) to submit non-tape report(s) to FINRA, as necessary, to identify such other firm(s) as a party to the trade.
09-07 SEC Approves New Motion to Dismiss Rule and Amendment to the Eligibility Rule in Arbitration
Effective February 23, 2009, FINRA will implement new procedures for handling motions to dismiss in arbitration. The SEC approved a proposal to adopt Rule 12504 of the Code of Arbitration Procedure for Customer Disputes and Rule 13504 of the Code of Arbitration Procedure for Industry Disputes (collectively, the Codes) to establish procedures that will govern motions to dismiss. The proposal also amends Rules 12206 and 13206 to address motions to dismiss based on eligibility grounds.
09-06 FINRA Requests Comment on Proposed Rule to Establish a Leverage Limitation for Retail Forex
FINRA is requesting comment on a proposed rule prohibiting any member firm from permitting a customer to: (1) initiate any forex position with a leverage ratio of greater than 1.5 to 1; and (2) withdraw money from an open forex position that would cause the leverage ratio for such position to be greater than 1.5 to 1.
09-05 FINRA Reminds Firms of Their Obligations to Determine Whether Securities are Eligible for Public Sale
FINRA reminds firms of their responsibilities to ensure that they comply with the federal securities laws and FINRA rules when participating in unregistered resales of restricted securities. These responsibilities are particularly important in situations where the surrounding circumstances place the firm on notice that it may be participating in illegal, unregistered resales of restricted securities, such as when a customer physically deposits certificates or transfers in large blocks of securities and the firm does not know the source of the securities.
09-04 SEC Approves Proposed Rule Change to Amend the Submission Agreement and Related Rules in the Arbitration Codes for Customer and Industry Disputes
On February 9, 2009, an amendment to the Submission Agreement and related rules of the Codes of Arbitration Procedure for Customer and Industry Disputes becomes effective and applies to claims filed on or after February 9, 2009.
09-02 FINRA Requests Comment on Proposed Consolidated FINRA Rule Governing Information and Data Reporting and Filing Requirements
As part of the process of developing a new Consolidated FINRA Rulebook, FINRA is requesting comment on proposed new FINRA Rule 4540 (Member Information and Data Reporting and Filing Requirements). The proposed rule:
- establishes a new information reporting requirement;
- requires member firms to report additional applicable contact information; and
- consolidates, streamlines and modifies into one rule several separate reporting and filing requirements in the NASD and Incorporated NYSE Rules.
The proposed rule also supports FINRA's efforts to consolidate several existing electronic reporting platforms into a single electronic platform that all firms will use to report required information.
09-01 Broker-Dealer, Investment Adviser Firm, Agent and Investment Adviser Representative, and Branch Renewals for 2009
FINRA is issuing this Notice to help firms review, reconcile and respond to their Final Renewal Statements and reports that are currently available on Web CRD and IARD for the 2009 registration renewal process.
09-01 Broker-Dealer, Investment Adviser Firm, Agent and Investment Adviser Representative, and Branch Renewals for 2009
FINRA is issuing this Notice to help firms review, reconcile and respond to their Final Renewal Statements and reports that are currently available on Web CRD and IARD for the 2009 registration renewal process.
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NASDAQ Announces Mid-month Open Short Interest Positions in NASDAQ Stocks as of Settlement Date March 13, 2009
NEW YORK, March 24, 2009 (GLOBE NEWSWIRE) -- At the end of the settlement date of March 13, 2009, short interest in 2,521 NASDAQ Global Market(sm) securities totaled 7,246,261,438 shares compared with 6,928,787,193 shares in 2,532 Global Market issues reported for the prior settlement date of February 27, 2009. The mid-March short interest represents 3.07 days average daily NASDAQ Global Market share volume for the reporting period, compared with 3.12 days for the prior reporting period.
Short interest in 458 securities on The NASDAQ Capital Market(sm) totaled 102,559,440 shares at the end of the settlement date of March 13, 2009 compared with 108,416,653 shares in 482 securities for the previous reporting period. This represents 2.96 days average daily volume, compared with the previous reporting period's figure of 2.89.
In summary, short interest in all 2,979 NASDAQ(r) securities totaled 7,348,820,878 shares at the mid-March 13, 2009 settlement date, compared with 3,014 issues and 7,037,203,846 shares at the end of the previous reporting period. This is 3.07 days average daily volume, compared with an average of 3.11 days for the previous reporting period.
The open short interest positions reported for each NASDAQ security reflect the total number of shares sold short by all broker/dealers regardless of their exchange affiliations. A short sale is generally understood to mean the sale of a security that the seller does not own or any sale that is consummated by the delivery of a security borrowed by or for the account of the seller.
For more information on NASDAQ Short interest positions, including publication dates, visit http://www.nasdaqtrader.com/asp/short_interest.asp.
About NASDAQ OMX
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with over 3,800 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com.
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Series 7, series 6, series 10, series 66, series 63, series 9, series 62, series 55, series 26, series 65, series 24 NASD Securities licensing series including textbook and exam for selling securities - finra regulatory courses. NASD textbooks and NASD software. Securities online training classes.
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Online SchoolRoom has partnered with 360 Training, to offer world class securities training. Students may select from a number of securities training options including online training, interactive online programs, state of the art exam preparation software, and printed textbooks.
As a result, students can choose a securities training solution that matches their skill level, learning style, and schedule.
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We have Series 7, 6, 63,9,10,66,65,62,55,26,24 & combos NASD Securities licensing product series for investment, financial services, stocks and bonds for stockbroker online training
Series 7, series 6, series 10, series 66, series 63, series 9, series 62, series 55, series 26,series 65, series 24 NASD Securities licensing series including textbook and exam for selling securities - finra regulatory courses. NASD textbooks and NASD software. Securities online training classes.
NASD Securities licensing product series for investment, financial services, stocks and bonds for stockbroker training
For Enrollment Questions call 877.615.3329
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Series 7, 6, 63,9,10,66,65,62,55,26,24 & combos NASD Securities licensing product series for investment, financial services, stocks and bonds for stockbroker online training
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