Crucial Securities Exam Update Every Candidate Must Know

[@thouseable]

Hey I don’t know if you still monitor this channel. But I need some help. It’s sad a person pays for a review course and you can’t get answers regarding the subject matter they cover. So my question regarding the FINRA Uniform Practice Code. First this is for the SIE. who are the parties involved in this,. for example regarding odd lots stocks or bonds. who rejects the odds lots,? who can bundle the bonds together and sells the lots including the odd lots. I need this answered immediately. And I can’t get this answered by the study material provider. Thank you so much.

[@PassMasters]

Hi! I am sorry to hear you are not getting the support you need from your course vendor. As far as your specific question, it's pretty broad, and actually not something I have seen on the content outline for the SIE. Broker/dealers can bundle odd lots for better pricing for their clients. Let me know if I can help in any way.

[@thouseable]

@@PassMasters so the broker dealer who was selling these lots from the primary or secondary market. I don’t know where we’re all this is starting from. is one question another question is the bundling can it be from client a client being and client see y’all added together? don’t know where everything is starting from who has the stocks and bonds in odd lots who is selling them to whom? really do appreciate your help thank you.

[@thouseable]

I hope all this makes sense cause I talk to text saves my hands. I have severe carpal tunnel in both hands.

[@thouseable]

client A plus Client B plus Client C added together? to make even lots?

[@PassMasters]

@@thouseable So, the broker/dealer can bundle different odd lot orders into one order so that they can get better pricing for the client due to the fact odd lots have higher transaction costs. I wouldn't worry too much on this topic, it's not an emphasis on the SIE. Keep on keeping on. YOU GOT THIS! 😀

[@tomikoberry]

Hello, I’m trying to make a decision on which company to go with for my study material for the series 7. I’ve been considering your program but one question: Do you teach 100% through lectures videos or do you have a text book?

[@PassMasters]

Hello! 😀The course follows the content outline for the series 7 exam. There are four sections. Each section has topics. Each topic has three parts, a PDF, a video, and then a topic quiz. The PDFs are the "book". Hope to have you as a student soon!

[@seijunhara1245]

I am extremely confused now. Like I understand what you mean but would this actually mean that the answer to one of those questions would now be different than what we learned before? I have the SIE book 3rd edition from Kaplan and I’m planning on taking the exam in about two weeks from now…so this new “rule” confuses me and freaks me out

[@nicoleinsures]

Same. I just got a book last week and paid for the online course and am confused as to what's correct now. I take it tomorrow *sigh*

[@PassMasters]

Over time trading rules change. It shouldn't be a big deal on your test, I would say a question. So let me ask. Today, what is FINRA's Regular Way Settlement? Know the new settlement rule that took effect as of May 28, 2024. Regular Way is T + 1 business day! So if you place a trade on Monday, you must settle in a regular way transaction by when? Tuesday. To settle is to pay. The other question related to this would be, in a regular way transaction when does a stock go ex-dividend? The answer is as of the record date. If you place a trade the business day prior to the record date, in a regular way transaction you have to pay by when? The next business day, just making it to the record date in time to receive the dividend. Just be sure to know these new rules. (the old rule was T + 2 and the ex-div was the business day prior to the record - neither of these are correct anymore) - I can't say when other materials are updated, for your test KNOW the NEW RULE 😀Sending all good thoughts your way. YOU GOT THIS!

[@Kuchbheere]

Thanks for sharing

[@PassMasters]

Thank you for watching 😀

[@jenisecoleman6567]

I am unable to see all of what youre writing. The video picture is covering all of it to the right of the screen.

[@PassMasters]

Oh no! Suzy made sure to hide herself when she uses the whiteboard under her image from 2:58-4:09. Let me know if that helps! Thanks for watching 😀

[@jenisecoleman6567]

@@PassMasters Thanks so much!

[@stecder2470]

which company sponsor you for series 7 in exchange for payment . i heard many shitty companies get paid to get sponsored for series7

[@PassMasters]

I am not sure the answer to your question. I would agree that the practice you describe is not normal. Some companies do ask you to pay a fee to them that includes the exam and license registration fee, but not all. Sorry I can't be of more help here.

[@quincygq1]

You're on it! Mahalo

[@PassMasters]

I try! Thanks for watching 😀