Securities Registration Uniform Securities Act - Series 63 Exam, Series 65 Exam, and Series 66 Exam

[@Series7Guru]

Make sure you watch the MIGHTY NINETY kzbin.info/www/bejne/Zn7bh2SKhr1mgKc

[@emilyarmstrong4506]

Thanks for creating this type of content Dean. Incredibly interesting stuff haha, but grateful I have your videos to listen to 100 times and hope it sticks. Passed my 7 - definitely thanks to your muni videos!

[@Series7Guru]

It will stick! Kudos on your Series 7 testing victory!

[@awakentotruthmichaelsmith4698]

I could have used a couple more of these Carve outs for the 63. It’s been a little challenging to study for and connect the information together.

[@IhabZein]

Just passed my series 6 I appreciate your help doing the 63 now

[@Series7Guru]

Kudos on your Series 6 testing victory! 63 will be your next testing victory!

[@peckspacks272]

hey dean, im trying to put this into words i can understand, please let me know if this looks correct: - securities are considered unregistered when: they come from exempt issuers or occur in exempt transactions - securities can be unregistered and nonexempt ONLY if they occur in an exempt transaction -once registered, securities can fall under Federally covered when new issued stock/ new Mutual funds and do not have to register again -Securities can be unregistered and exempt ONLY when they come from exempt issuers Thank you and appreciate the videos!

[@Series7Guru]

That is way more convoluted that is necessary. Watch the mighty ninety.

[@victoriatapia9024]

For the private placement it’s restricted to 10 non-institutional clients in a 12 month period?

[@Series7Guru]

Yes

[@danielplascencia2504]

If an agent sells any exempt security to a IA, b/D or insurance company since they are capable of covering their own assets it's exempt? Is that right

[@Series7Guru]

There is no circumstance in which the agent is exempt. The agent of the b/d must be registered.

[@danielplascencia2504]

@@Series7Guru I see 🙏

[@awakentotruthmichaelsmith4698]

Do you have a short explanation of the main difference between Broker Dealers/Agents and IA/IAR

[@Series7Guru]

Yes. It is the "Mighty Ninety"

[@awakentotruthmichaelsmith4698]

@@Series7Guru thanks

[@DAbogz]

Hey Dean, took my 66 a few days ago and missed by three questions... I feel like my understanding of the content was good enough, but was getting tripped up by the wording in the question AND answer sets. It feels like I got one of those death draws... Any recommendation on how to study that aspect? I used your material and STC to study. Thanks!

[@Series7Guru]

I recommend a Kaplan Q bank and/or TestGeek as paid supplements. With my Guru10 discount code a Kaplan Q bank is about $60 and TestGeek videos, QuickNotes, and practice exam is $80 with my Guru20 discount code.

[@marionasegalesylla8028]

Hi, do you have a video dedicated mostly on investment vehicles for the 66? Thank you!

[@Series7Guru]

Yes, several they are in the 65 playlist

[@jeraldmundackal4820]

So, an exempt security doesn't need to be registered under the USA, correct? Do they need to be registered with the SEC?

[@Series7Guru]

Correct and no

[@natashab7981]

wait so when you start with transactions with bds and the list that follows below that do all of those fall under registered?

[@Series7Guru]

Yes

[@michaelchris943]

Been struggling with this for some reason. How many questions do you think will appear on the 63 for this matter?

[@Series7Guru]

2 or 3 max

[@danielplascencia2504]

Would federal credit unions be exempt

[@Series7Guru]

Any security issued or guaranteed by any federal credit union or any credit union, industrial loan association, or similar association organized and supervised under the laws of this state is exempt. Not testable.

[@danielplascencia2504]

@@Series7Guru thank you 🙏 testing in 7 days

[@danielplascencia2504]

Hey dean, i got a question about Registration statement being effective, I put that its effective at noon of the 30th day after filing. That is wrong and the right answer is "when the administrator says so. If this was for coordination would my answer of "at noon of the 30th day after filing" be correct?

[@Series7Guru]

Yes. It can be sooner than noon of the 30th day

[@danielplascencia2504]

@@Series7Guru thx

[@SandraFernandes621]

Dean I have a question- on your previous video from the s66 playlist you stated Insurance companies are not a security but how come its listed as an exempt security under USA?

[@Series7Guru]

That is an insurance company as an issuer of securities not an insurance product like whole life or fixed annuities which are not secrities

[@SandraFernandes621]

@@Series7Guru got it thank you!

[@emptyxnes]

thanks Dean. Hoping to go 3 -0

[@Series7Guru]

You got this! Keep grinding! Stay the course!

[@SandraFernandes621]

On to video 5 of your playlist Dean :)

[@Series7Guru]

Impressive

[@danielplascencia2504]

What about accredited investors

[@Series7Guru]

What about them?

[@danielplascencia2504]

@@Series7Guru are they exempt too ?