Series 7 Exam Prep Initial Public Offerings (IPOs) '33 Prospectus Act. SIE Exam and Series 6 too.

[@clutchboy24]

Got my 66 test in a week! Watching this to brush up my knowledge on the acts and the private placement concepts! Thanks dean for your efforts. You’re making it SUITABLE for everyone ! (UPIA act)

[@Series7Guru]

Lol. Stay the coirse!

[@neuman_adventures]

I like your video feed on the videos, BTW. Thanks for the informative lectures; you are great at pinpointing distinctions, and blind spots, and adding real-world stories to the lecture. Thank you so much for your help!

[@Series7Guru]

Always very gratifying when my videos contribute to the execution of a successful study plan like yours.

[@xiCzargaming]

Currently studying the SIE, this has been amazing help. Thank you so much for posting this.

[@Series7Guru]

You are welcome. Glad you are finding it helpful.

[@vezymusic]

You gonna make me pass my exam on first attempt!

[@jeffersoncanales3641]

Thank you very much for sharing this information with us.

[@Series7Guru]

De nada

[@Leshic2]

Love your stories. Curious of the Wolf of Wall Street story and found it was "Red Granite Pictures". What a crazy story. They should have included who his cell mate was too.

[@Series7Guru]

Seems to be like or not like on the stories. Got to be me. Lol.

[@omgsharpies]

Dean, your content is amazing and you're doing the next generation of finance professionals an immense service! A question for you - which of your videos have overlap with Series 79 content? I didn't see any videos specific to that exam but I imagine some of S7 or some of the other exams may overlap. I'd love to continue watching for my 79, if possible. Thank you so much again.

[@Series7Guru]

Circle back in a week.or so. Will see if I get some 79 content up.

[@omgsharpies]

@@Series7Guru Thank you so much! :)

[@upperdrecker1592]

Dean at 46:00 shouldn't that be 8 million and not 800 thousand?

[@Series7Guru]

Good catch. Yes. I have corrected the slide when I redo lecture will correct in its entirety. Thanks.

[@aryagor7431]

Hey Dean! I love your videos, they are super helpful! Do you have any insights on the statement of additional information? Is that always given to prospective customers or only when they request it?

[@Series7Guru]

Upon request

[@ashtong.883]

Thank you for another good video!

[@Series7Guru]

De nada.

[@searchandverify]

Hey Dean, I'm preparing for the Series 65 exam and have been enjoying your playlist for the exam. You know your stuff and do a great job of explaining things. I want to ask you for some advice on if I should be aiming to take some of the other exams you give lectures on. I'm 26 and have been investing and learning about stocks, options and real estate investing the last 3.5 years. The reason I'm taking the 65 exam is so I can charge a management fee after I start a hedge fund. While watching one of your other videos where you mentioned other professions that benefit from getting the investment advisor representative license I found out this is also applicable to my primary occupation as a civil engineer. In a year I will have earned my PE and will be going back to college to get a geomatics degree so I can become a registered professional surveyor. My firm I work for is small and primarily does work for land developers. One of our clients paid $45 million for some interstate ramps going to his development and is getting paid back with sales tax later. Another project he established a special tax district to help pay for infrastructure. He also gets 3% of sales from the revenue of commercial businesses in that development, but I think that was just an agreement with the restaurants he sold property to. I'd like to learn more about financing public works projects with bonds and how I can incorporate this into my career. Do you think an MBA would be worth getting while going back to college? I'm going to the University of Florida fall of 2022. I want to help homebuilders, developers, contractors, towns, cities and states plan how to finance their upcoming projects. Appreciate all your help!

[@Series7Guru]

Not sure. People invest with people they like and trust and sometimes a credential like an MBA can help that process quicker.

[@searchandverify]

@@Series7Guru so were those engineers you taught from Bechtel taking the Series 50 and Series 54 exams in addition to the Series 65? Thanks

[@Series7Guru]

@@searchandverify nope 65 at the time.

[@ethanalessi1622]

do you have a link to the muni underwriting municipal video that you keep referencing for us series 7 guys to review ?

[@Series7Guru]

kzbin.info/www/bejne/pX3OhH2lZ6h0ldksi=eqIDRuclJcKyou7q

[@ethanalessi1622]

is this video primarily for series 7 but it covers topics for people taking 6 and SIE? OR the other way around.

[@Series7Guru]

It is for all exams. The testable content of the 33 Act is the same.

[@loganbaker2545]

45:53 If the difference in $100,000,000 and 92,000,000 Is $8,000,000 How did we get to the conclusion that the middle number (profit) was $800k ? .80 cent spread multiplied by 10mil shares wilould leave us at 8mil and not 800k, no?

[@Series7Guru]

It is corrected in the video description time stamp.

[@skypetretti6754]

so many important facts in this video for the S7

[@Series7Guru]

I am surprised this lecture isn't more popular.

[@miami2881]

16:50 did you say the Underwriting Muni isn’t in the Series 7 playlist but we s7 candidates should still watch it?

[@Series7Guru]

NO. Said it is a seperate lecture. Here it is kzbin.info/www/bejne/pX3OhH2lZ6h0ldk. There are two more muni lectures, too.

[@miami2881]

@@Series7Guru Thanks Dean! I’ve watched about 13 of the 25 Series 7 lectures now out of order. I didn’t expect to watch them all but I’ve found them so incredibly helpful that I definitely will be getting them all watched before I test March 12!

[@yamelheredia861]

how long do investors have to wait to purchase a stock after an IPO? this is my second time taking the series 6 and I remembered a question like that along those lines.

[@Series7Guru]

They can buy immediately in the secondary market but not on margin.

[@joeyheinert2209]

is a shelf offering still 2 years? When I google it it says 3 years. Just a bit confused if anything changed.

[@Series7Guru]

3 years for WKSIs. 2 years for non WKSI S

[@joeyhenderson1624]

@@Series7GuruAwesome that you answered a question from a video 3 years ago, and you did it within the hour. You’re that guy Dean.

[@shanejenkins6984]

What video is strictly for series 7 that you eluded to during this video. I take my series 7 in two weeks

[@Series7Guru]

There are many Series 7 playlists. All.the Series 7 playlists can all be found under the playlist tab. The Series 7 playlists and the videos in them are in suggested watch order.

[@danielplascencia2504]

Are indications of interest non binding in mutual funds or munis?

[@Series7Guru]

I.O.I.S are not used in munis and mutual funds.

[@danielplascencia2504]

@@Series7Guru oh wow, I thought I had a practice question on that. Thanks Dean !

[@johnbull8420]

Hey Dean. In regards to the example that you used for firm commitment underwriting with Morgan Stanley acting in a dealer capacity for Facebook (41:00), would Morgan Stanley be satisfied if they did not sell all of the Facebook stock (and buy the remaining unsold shares) if they believe that Facebook stock has a high chance to appreciate in value?

[@Series7Guru]

Not really. Not in the underwriting business to buy and hold.

[@njperuviankid]

Dean, whats the link of the underwriting municipal securities ?

[@Series7Guru]

kzbin.info/www/bejne/pX3OhH2lZ6h0ldk

[@njperuviankid]

great video. TY Dean

[@Series7Guru]

@@njperuviankid de nada

[@NicoScotti]

hey, me again your videos are amazing. you say things repeatively verbatim so I know you are teaching legit knowledge about this. conceptual question: you say that the selling concession is the largest component of a spread. would it be more specific to say that the underwriter's concession is the the selling concession that receives the most return on the spread?

[@Series7Guru]

I don't know. Usually it is a muni spread on the test. It is what is the largest component or what is the largest INDIVIDUAL component of the spread. Largest=total takedown. Largest INDIVIDUAL = selling concession

[@NicoScotti]

@@Series7Guru the thought came from the annotation on 59:39

[@jasonzichenyou]

Dean, at 1:00:33, if Edward Jones is the selling group through BAML shouldn't they get the stock at $9.50 and BAML gets both the management fee and the syndicate concession fee?

[@Series7Guru]

Good catch. Slide typo. Made correction to the errata in the time stamp in the description. Thanks.

[@mihirsaudagar1798]

For shelf registrations, a prospectus needs to be distributed every time you would do it in the 2/3 year period, correct? Even if you distributed it when you did an IPO?

[@Series7Guru]

For test purposes, yes. The issuer would not be using a shelf registration for an IPO. An issuer takes down shares from its shelf registration for shares it issues after its IPO.

[@mihirsaudagar1798]

@@Series7Guru sorry I’m confused, could you please explain? Thanks

[@Series7Guru]

@@mihirsaudagar1798 not sure I understand your confusion. The issuer does not use a shelf registration for its IPO. S-1 is the registration used by an issuer for its IPO not a shelf.

[@mihirsaudagar1798]

​@@Series7Guru Oh so shelf is just for APOs? Let's say corporation X is issuing an IPO. They cannot use shelf? On the other hand, let's say corporation Y is already public and doing an APO. They can do shelf? The main question for test purposes I have is whether a prospectus is needed for shelf because I remember seeing that in my study materials.

[@Series7Guru]

@@mihirsaudagar1798 yes. The answer is yes if the shelf registration is used to sell additional securities to the public (a follow on or additional public offering) the answer is yes. That is not what is testable. What is testable is that shelf is good for 2 or 3 years. 3 years for a WKSI.

[@jenniferfinegan2362]

Testing on Friday

[@Series7Guru]

You got this.

[@AminaPhilosophy]

22:00