Definition & Registrations of Persons. Series 63 Exam, Series 65 Exam & Series 66 Exam

[@Series7Guru]

Ninety More Testable Minutes on the Uniform Securities Act kzbin.info/www/bejne/Zn7bh2SKhr1mgKc

[@skysdalimit19]

Hey Brian, is it possible to get a copy of your series 65 Cheat Sheet? Thank you!

[@Series7Guru]

@@skysdalimit19 send Brian an email request

[@thepocketshot]

I love these videos about securities that Michael Keaton is doing. Much more entertaining than the text book.

[@GoldAmbitionMediaGroup]

Not Michael Keaton tho😂🤣

[@arynnelson371]

😂😂😂

[@mickwong6325]

Michael Keaton is such a talented individual.

[@rodolfomarquez5527]

😂😂😂

[@underthegreatwave]

Financial Michael Keaton is a powerhouse. 💪 This session we incredibly helpful after trying to sort through 5 units of gibberish in the Kaplan book.

[@skaterman8180]

I passed the 66 yesterday and I’ll tell ya, I wrote down everything Brian discussed from this video and it helped me pass. So many questions that this video alone will answer for you. Thanks Dean and Brian.

[@Series7Guru]

Kudos Investment Advisor Representative! Always very gratifying when this video contributes to test taking victories like yours.

[@TheFlyElly]

wow!!! please never ever take this down! what a perfect way to explained it!! I just passed the 6, now moving to the 63 and honestly I was giving up, the words, the book explanation didn't made sense in my head! what a great way to break it down. THANK YOU BOTH!

[@Series7Guru]

De nada

[@omgsharpies]

Amazing! Dean and Brian, you are making an impact on this generation of new finance professionals. Your content is so appreciated!

[@Series7Guru]

Thank you so much for the super chat and your kind words. Always very gratifying when my content contributes to test taking victories.

[@Rae1595]

"nonexempt think corporations" just changed my life... Amazingly helpful video, guys!

[@macsouth3356]

Just walked out of my first attempt at the 63 with a pass! I can’t thank you enough. Having your material as a secondary resource throughout my journey has been a life saver. If I ever meet you in person I owe you a hug

[@AlmightySimon]

Thanks! For helping me pass the 65 today first try and series 7 first try 2 years ago!

[@Series7Guru]

Kudos on your testing victories! Thanks for the superchat!

[@sharonhuffman8618]

Well Done!!! This video was more beneficial than ALL of the other studies & videos I have encountered during my exam prep. Thanks a million, Dean & Brian!! :)

[@Series7Guru]

Glad you found that helpful!

[@rrod3069]

Your videos have been a God send. I just my material for the 63 and I started the book and I’m almost done. But Brian definitely helped break it down in plain easy English. Thank you for these videos!!

[@Series7Guru]

Glad you are finding them helpful

[@newhouserules6489]

Just passed my exam, can’t thank you guys enough!! This video alone is enough to get you a passing grade. The way Brian breaks this down is amazing

[@Series7Guru]

Kudos! Brian is the best at distilling of test issues for sure.

[@kristingraham7957]

I owe so much to you Dean. I found you on my way to my SIE and picked up several points from your SIE in 60 minutes video. I took the 7 and failed, and found my way back to you. I watched all of your series 7 videos, and the material made so much more sense. I took it again and passed it, thanks to you. I am now studying for my 63, and here I am.

[@Series7Guru]

Kudos on your testing victories and your resiliency!

[@yanskym189]

This video was so good I just had to purchase Brian's program. I struggled so much with this exam and thankfully I came across this video. Thanks to both of you I finally passed my 63. Now I'm officially done and can get this out of my life. I can't thank you guys enough.

[@Series7Guru]

Kudos on completing your test taking/registration journey. Always very gratifying when this channel contributes to testing victories like yours

[@vinthevietkieu]

passed the S66 yesterday… watched this video before taking the exam… the way he illustrated I/A, IAR, B/D and agent was very helpful… would definitely recommend this video to anyone that is studying for these exams… hopefully folks read the textbook for the additional % of knowledge needed to pass the exams… pay attention to any “italicized” terms, know what goes into the balance sheet and income statements… know how to compute the most common ratios… anyways, good luck 🍀 future test takers

[@Series7Guru]

Kudos Investment Advisor Representative! Thanks for the shout out and paying it forward with this your victory post and debrief

[@PromitChatterjee-f8r]

This video literally helped me pass the 63 thanks to Brian explaining this in the simplest way possible! Thank you Dean for all the videos you post, they helped me get fully licensed and were crucial to passing all my tests! Thank you so much you're the GOAT Dean

[@Series7Guru]

Kudos on completing your test taking/registration hat trick! Always very gratifying when this channel contributes to test taking victories like yours

[@VictorMartinez-fi8lh]

Thank you Dean, thank YOU Brian! I failed my S63 the first time I took it but after watching this video 7-10 times it clicked! I passed my S63 two weeks ago or so and I can say this video helped me a TON! I also took many practice tests but the way you explained things always resonated with the questions asked in the real test and the practice ones too. Thank you very much!

[@Series7Guru]

Kudos!!!

[@Series7Guru]

Always very gratifying when this video contributes to test taking victories like yours.

[@lilbitz17-ho4tk]

Brian Lee is an unstoppable force of nature

[@donnapavin3098]

Love the combination of the two of you with your expertise! It's great! I love the simplicity of Brian's explanations and his enthusiasm. I feel like I have less anxiety when I see questions pertaining to BD's, IAR's, etc. Thank you.

[@Series7Guru]

More collabs to come.

[@MeatyClawsLostInSauce]

I cannot thank you enough for the tips in this video. These units have been such a point of contention for me when using Kaplan and I’ve been looking for exactly this. Kaplan really draaaaags out BD/Agent and IA/IAR registration in the text and it can make the testing of it incredibly tedious. Many, many thanks.

[@Series7Guru]

Glad you found it helpful

[@theeagleiscoming5864]

Jim Cramer ... The guy who yells on CNBC😂😂😂 spot on 😂😂😂

[@austrolib1181]

Best instructor/ video for the 63 on the internet. Hands down.

[@Series7Guru]

I will relay to Brian.

[@mignonglenn6253]

I listened to Dean's series 63 tips video as the last thing before taking and passing the series 63. ❤️

[@ericsuh2133]

Thank you so much for all your videos! These collabs with Brian were extremely helpful while I studied. I passed today! 🎉

[@Series7Guru]

Kudos Investment Advisor Representative!

[@Wai755]

Thank you for clarifying. I started reading chapter 1-2 in STC textbook and fell lost. As always, fell grateful for you both to making this video! 🎉

[@Series7Guru]

Glad you found it helpful

[@brostoevsky22]

This was super helpful. Thanks Dean & Brian! This section of the 66 has been giving me quite a bit of trouble, despite decent marks on my practice tests. This chapter in PassPerfect was exhausting to read. Your materials have proved to be extremely useful additions to my firm assigned materials. I used your "day of" videos to help me pass the SIE and Series 7 (got em on my first try).

[@Series7Guru]

Glad it helped!

[@AndreasMarcos]

Truly glad Michael Keaton has taken some time off from acting to become such a good teacher!! 💯 Highly appreciative of the quality content!!

[@Series7Guru]

Glad you found it helpful

[@Series7Guru]

Glad you are finding it helpful.

[@ashtong.883]

Major thanks to Brian and you for this video. Its giving me hope!

[@Series7Guru]

Glad you are finding it helpful.

[@tightlineswithmike8339]

Passed the 66 today bc of this video. Thank you very much

[@Series7Guru]

Kudos Investment Advisor Representative! Always very gratifying when this video contributes to testing victories like yours!

[@juanitoqueintin5908]

Thank you I passed the series 63 this was a very important video to watch as I saw a ton of questions on broker dealer and agents and how to point out the functions of them.

[@Series7Guru]

Kudos!!!

[@michaeldevine2305]

Used your videos for the series 7 and passed! lets try it with the 66 now. Thanks for all you guys do this content is amazing.

[@Series7Guru]

Kudos on your past testing victory and this next testing victory!

[@theeagleiscoming5864]

I was going nuts with PP. Brian made it easy for me

[@Series7Guru]

Glad you found it helpful

[@MaureenPontius-g5l]

Brian and dean, missed the 63 with a 70% last month.. taking it again this week. this video is the HOLY GRAIL. Brian kept it so simple and made things click for me versus reading my text book 474394 times where the various info is spread out and hard to compare. thank you!!

[@Series7Guru]

De nada. Brian is the best at simplifying NASAA exam content.

[@healerhelen]

crossover episode! love brian and guru, you guys helped me pass the 6 :)

[@Series7Guru]

Always very gratifying when this channel contributes to test taking victories like yours

[@shalinibabu8319]

What a gem of a video! Thank you guys!

[@Series7Guru]

Glad you found it helpful

[@andreslozano901]

Just passed my S63 exam. Thanks for posting this 🙏

[@Series7Guru]

Kudos on your Series 63 testing victory!

[@michaelmoon4957]

Such a great video, simple and easy to follow. Thanks Dean and Brian

[@Series7Guru]

Glad you found it helpful.

[@post7786]

This was so helpful!! Thank you both for breaking it down for us!!!!

[@Series7Guru]

Glad you found it helpful

[@samanthagarland9286]

Loved this video!!!! Y’all do great collaborating!

[@Series7Guru]

More to cone

[@superstarimportant5751]

Excellent job, Brian!! You made it fun 🤩👏🏻👏🏻👏🏻🍧🍧 thank you 🍭🍭

[@PilotSquare79]

This is GOLD!!

[@Series7Guru]

Glad you found it helpful.

[@mignonglenn6253]

💯

[@darlag13]

Great video. Very helpful! Taking my 63 tomorrow.

[@Series7Guru]

Glad you found it helpful. Sending you good test vibes.

[@deviniannelli4471]

Great video. Super informational, helpful and fun to watch. Thanks guys

[@Series7Guru]

Glad you found it helpful

[@jackrhead8236]

Brilliant breakdown and enthusiasm

[@IrenaDavydova-x6n]

Great video - and great way to present the material

[@Series7Guru]

Glad you found it helpful.

[@DanCGe]

I’m so grateful for you guys

[@TheKarebear1288]

I had a Q come up on my Kaplan Quiz bank: Sharon is an agent of Highwater securities, a B/D registered in all 50 states. She receives an unsolicited order from a Bank located in State X, a state in which she has no place of business. Under the USA: The answer they said is correct is "She must be registered in State X in order to accept the order." From this lecture I thought B/D's don't have to register if it's an institution like a bank? Can you help clarify?

[@Series7Guru]

What is the Kaplan QID?

[@the_real_patrick17]

Got more from this session than the past month of reading the LEM

[@Series7Guru]

Glad to hear this made a contribution to your study effort.

[@the_real_patrick17]

@@Series7Guru passed yesterday thank you for everything you do!!! And to Brian lee!

[@emmettkate1370]

Hi Dean, in 49:22 you mentioned your example as doing business in NY. If the BD is not registered in NY, but you have institutional clients in NY. Do you still need to register in NY? I thought BD don't need to register in that state if only deal with institutional clients(not retail clients)? Thanks.

[@Series7Guru]

If the b/d and the agent have no retail clients and no office they do not have to register.

[@emmettkate1370]

⁠@@Series7GuruIn the video, 49:22, the example you gave, you said you have institutional clients in clients in NY ask you to do business in NY. Why you said you need to register in NY? If you don’t have office and only institutional clients, you don’t need to register there right? Thanks.

[@Series7Guru]

@emmettkate1370 that was a retail person at the bar. Listen again. Not institutional. Retail would trigger registration not my existing institutional business

[@madduxmyer7431]

Referencing adviser reps for fed covered firms (45:30). If a rep for a fed covered firm has an office in Nebraska (main office) and Kansas (secondary office), must that rep register with both NE and KS or just with NE?

[@Series7Guru]

Both. Any state where they have a place of business

[@RyanGriffithLLC]

Amazing. Thank you for this!!’

[@Series7Guru]

You are welcome

[@juanitoqueintin5908]

Wow I think I think the test tricked me when it asked “how many clients does an IA need to register?” The answer is 1 I may have put 5 💀 😂 thank you for clarifying this 42:00 I’m giving the 63 a second shot in next couple weeks!

[@Series7Guru]

You got this!

[@andresevilla265]

Are agents of broker dealers allowed to be registered with more than one broker dealer at a time?

[@Series7Guru]

Yes

[@Mat-s8h]

This was perfect - keep it simple - Thank you

[@Series7Guru]

De nada. Glad you found it helpful.

[@erahia5637]

just to clarify with the BD registration. When they don’t have an office and no resident clients and only deal with institutions, they don’t register with the state and only with the SEC, correct? I read in Kaplan that B/D register with fed and can register with the state. Are all B/Ds that are not registered in the state federally covered?

[@Series7Guru]

There is no such thing as federally covered B/Ds. No office in State, No retail customers in state, NO REGISTER IN STATE! TESTABLE! All B/Ds register with SEC and FINRA. NOT TESTABLE.

[@bradleybeebee]

Getting a head start already!!!

[@Series7Guru]

Love it

[@YoungAbe1993]

Thank you for this!

[@Series7Guru]

De nada

[@RyanGriffithLLC]

I thought I had a good handle on these definitions. Then I watched this and realized, I have more work to do lol.

[@Ralph3_]

hey dean i just passed my s7 much thanks to u. 66 is up next and im using pass perfect. i feel so overwhelmed the first section was mostly discussing agents bd ia iar. who has has to be registered and who doesnt. is this playlist a good place to supplement the reading?

[@Series7Guru]

Yes! Watch the podcast series too!

[@MorganParker-t9n]

Hi! Just watched this! Thought it was super helpful. How can I access your cheat sheet / practice questions you mentioned during this live class? Thank you!

[@Series7Guru]

Reach out to Brian at TestGeek

[@eliamora03]

Hi, I am new to your channel and will like to know what do I need to do to get the “sheet sheet” you walked about in this video. Is there a membership? Thanks

[@Series7Guru]

Send an email request to [e-mail]

[@eliamora03]

@@Series7Guru thank you When are your lives for 66?

[@JackWenzel-c5i]

Hi Dean, thank you for your videos! You have been crucial in me passing my SIE and series 7. I was wondering where I can get access to this "cheat sheet" that you guys keep referencing in this video. thank you!!

[@Series7Guru]

Contact Brian Lee at TestGeek. There is a link on the about page.

[@aylorrix4114]

Thank you Dean and Brian! Where can we access the "cheat sheet" you refer to at the end of the video? TIA

[@Series7Guru]

Contact Brian at TestGeek. There is a link.

[@P76690]

INCREDIBLE!!! on repeat !!

[@Series7Guru]

Glad you found it helpful.

[@Thuuunderous_Wizard]

A bit confused on registration in exempt transactions like unsolicited. I don’t know why but I just can’t get that.

[@Series7Guru]

Can you articulate that any further? A broker/dealer is not subject to the jurisdiction of the Uniform Securities Act in an unsolicited transaction, it is an exempt transaction.

[@danielplascencia2504]

Just to confirm, the deminimus rule ONLY applies to State IA's or State IAR's?

[@Series7Guru]

Yes

[@danielplascencia2504]

@@Series7Guru thank you

[@danielplascencia2504]

When acting in broker or dealer capacity, does we just have to give disclosure of that or does the client need to approve of it

[@Series7Guru]

Just disclose

[@AnaFranco-mb7ex]

I loved this!

[@Kam-Mass]

If my ER Firm meets the definition of B/D, and I am a non registered rep there (Admin) can I take a clients order over the phone for a trade (All registered reps are out that day) for a government security (exempt issuer) or for an exempt security? Or can I never take any order bc it’s prohibited? And is it prohibited bc I’d then be meeting the definition of a B/D Rep by taking a trade order? I struggle with questions like this.

[@Series7Guru]

No. To take orders must be registered regardless of the type of security.

[@VC-stang]

Thank you for the videos! I’m gearing up for a 66

[@Series7Guru]

De nada

[@VC-stang]

@@Series7Guru wow!! I feel like a celebrity, getting a reply from the one and only Guru.

[@Series7Guru]

@@VC-stang lol

[@AmandeepSinghSaini]

This is a great video!!! Thanks both

[@Series7Guru]

De nada

[@dylanstrickland4400]

When he says "Not Register" for Federally Covered Advisers, is he implying that the private advisers and pension consultants are not advisers or is he implying that the Federally covered investment adviser doesn't need to register if they do business with private advisers and pension consultants?

[@Series7Guru]

Federally covered Investment Advisors do not register with any state.

[@Ivy-tz3es]

Hi Dean , thank you and Brian for all that you do. How can I get the cheat sheet??

[@Series7Guru]

Email Brian at TestGeek Exam Prep.

[@lucasdesouza2120]

Hey Dean, is there any difference in a Registered Investment Advisor (RIA) and an Investment Advisor (IA)? Have been getting a few questions about them and I know that the IAR is the actual person, but is there any difference between a RIA and a IA ?

[@Series7Guru]

There is not.

[@lucasdesouza2120]

@@Series7Guru thank you as always

[@lucasdesouza2120]

@@Series7Guru passed my SIE and series 6 huge thanks to you. One more to go 🙏

[@Series7Guru]

@lucasdesouza2120 de nada

[@jeraldmundackal4820]

So a federally covered advisor who has an office in a state need not register with a state, they only pay a filing fee correct?

[@Series7Guru]

Yes. The channel is self serve not interactive.

[@danielplascencia2504]

Are insurance companies considered exempt issuers

[@Series7Guru]

Yes. They answer to the Department of Insurance in the state not the state administrator

[@danielplascencia2504]

@@Series7Guru thanks

[@danielplascencia2504]

@@Series7Guru I got this on a question Under the Uniform Securities Act, an individual representing an issuer in the sale of its securities to the general public is defined as an agent if the issuer is? D) an insurance company authorized to do business in the state. But aren't they exempt?

[@Series7Guru]

@danielplascencia2504 the issuer not the sgent

[@danielplascencia2504]

@@Series7Guru I'm not understanding what the question is asking I suppose

[@jamesjohnson5816]

Amazing video

[@Series7Guru]

Thx

[@brandonwabnik1007]

Hey hope you’re doing well. I just started preparing for the 66, which video should I start with to begin my journey?

[@Series7Guru]

The videos are in suggested watch order in the playlist.

[@phillipsavin3201]

How do I sign up for the classes on Tuesday?

[@Series7Guru]

Deantinneytutoring.setmore.com

[@peckspacks272]

so if i am an IAR for a state registered IA and i have clients in Illinois, Indiana, and Minnesota and i have an office in Michigan, i have to register in all 4 states?

[@Series7Guru]

Yes, unless de minimus

[@nathantournahu3955]

Dean, could you share your cheat sheet?

[@Series7Guru]

Request should be made to TestGeek Exam Prep, Brian Lee

[@Duddyguy7]

I am confused about IAR registration. I had a review with my firm and the trainer had said you don’t have to register if you are an IAR unless your feet are physically in that state. Is this correct? Based on the video I just watched he is saying that you have to register based on if you have an office in the state or not. Another way to put it is my trainer said if I live in Indiana and have an office in Indiana but I visit someone in another state that I don’t have an office in, I still have to register in that state if I’m there physically giving advice. I hope this makes sense.

[@Series7Guru]

If I am IAR of a federally covered IA I only register in a state in which I have an office. If that conflicts with your trainer than your trainer is wrong.

[@Duddyguy7]

@@Series7Guru how about state IAR though? I’m interpreting as if you have an office in the state of business, yes. However, say if you work in an Indiana office and have like 6 clients in Florida and you DO NOT have an office in Florida, you would still need to register in Florida?

[@Duddyguy7]

Sorry, I think the wrong info is embedded. My understanding: if fed covered IAR, dependent on whether you have an office or not in place of business if you need to register. If state IAR - have office in state , yes. If no office but 5 or less clients then no.

[@Series7Guru]

@@Duddyguy7 you are confusing IARs who work for federally covered IA with IARs who work for state IAs. The registration rules are different for each.

[@Series7Guru]

@@Duddyguy7 that is correct and nothing in this contradicts that.

[@Matt-qu3pg]

When he said "if i have a client who is a resident i must register as a state IA, unless i have no more than 5" how does that make sense

[@Series7Guru]

Not sure the context. If you are a state covered advisor if you have an office you must register in that state. No office in state and no more than 5 retail investors the IA doe not have to register.

[@johnwimbley189]

Hey Dean, I took 65 exam today and thought I passed with 70% of 130 questions which is 91. However I apparently failed because you actually need 92 /130 which actually is a little more than 70%. I called FINRA but they actually agreed with me but said to contact NASSA. I listened to your cast on FINRA changes and 70% was mentioned. No offense but I think you may want to consider just giving the total number correct as opposed to percent. Not your fault but of course given this exam appropriate that 70 percent isn't really 70 percent. Thanks and appreciate your feedback and your classes are great! John

[@Series7Guru]

We have discussed this is more than one podcast episode. Sorry to hear of this testing misfortune. Hurts for sure.

[@hohotan5997]

Would it matter anyway?

[@ryanmerkle5868]

So office OR client, a BD must register; and for state IA, it’s an office AND 6 or more retail clients must register ? Is that accurate ?

[@Series7Guru]

Yes

[@AlmightySimon]

Is there a series 65 test sheet I can get ?

[@Series7Guru]

No.

[@AlmightySimon]

@@Series7Gurujust passed today! Thank you. Adult beverage on me.

[@sev7837]

Wow this was amazing

[@e47340]

Brian looks like Michael Keaton. Love this video.

[@Series7Guru]

lol

[@1992Co]

Is there anyway to get access to the cheat sheet via a link?

[@Series7Guru]

No. Have to email [e-mail]

[@jessecordoba5048]

Great video with Brian. Please continue making more!!!!

[@Series7Guru]

Will do

[@GenoveseKids]

Can I buy the cheat sheet from somewhere Dean?

[@Series7Guru]

You can from TestGeek Exam Prep.

[@kyle5841]

Very informative video, it would be even more awesome if he could put his Batman costume on for one of the videos!

[@Series7Guru]

Lol

[@kyle5841]

@@Series7GuruDean which video would recommend for the 63 after this one or any others that are very beneficial?

[@danielplascencia2504]

following these vids and started kaplan 66

[@Series7Guru]

Welcome

[@danielplascencia2504]

@@Series7Guru I just never know what to write down from reading the text book

[@dorissweanapo9860]

Great lecture, more vids please

[@Series7Guru]

There are dozens and dozens of videos in the playlist for your Series playlist. Find your Series playlist.

[@nicothic]

Thank you:)

[@Series7Guru]

De nada

[@ericmaher6606]

I have this on a loop

[@Series7Guru]

Thx

[@Jameswilliams-yr6xg]

Just failed the 66 by 1 on my third try. Hoping the 63 is easy. Plan to take in two weeks. Then have ring into the haunting 65

[@Series7Guru]

Damn. That hurts for sure. Like your new battle plan.

[@madcreditman1121]

Thanks Dean- any advice on whether to do the 65 or 63 first. Most people say 63 can be fairly straight forward with no more then a week or so to study for it ( when coming off the 66 )

[@Jameswilliams-yr6xg]

@@madcreditman1121not sure why it went to my old KZbin channel lol

[@Series7Guru]

@@madcreditman1121 i agree. 63 first.

[@Jameswilliams-yr6xg]

@@Series7Guruunfortunately after looking at the 65 it looks like just bigger more mean version of the 66…..

[@oosox]

brain is awesome.

[@Series7Guru]

You got this!

[@Mat-s8h]

I am reading STC and it is so confusing and full of so much crap. I’ve watched this video 3 times and finally have it memorizing. I commented before but I have to say “way to keep it simple”. STC does a really horrible job, and yes it really is 40 pages of CRAP.

[@Series7Guru]

For sure.. Glad you found it helpful.