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SIE Exam Regulatory Framework. 7 questions. Explication of Section 4.

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  • Опубліковано 12 сер 2024
  • Time Stamps:
    00:00 Intro
    1:25 FINRA is the SRO for the securities industry
    3:10 Activities of registered and non-registered personnel
    4:48 U-4
    8:00 Fingerprint card
    8:15 Blue sky. State regulatory framework. NASAA.
    9:57 Continuing education
    12:13 No parking of registrations
    13:33 Customer complaints.
    14:00 Quarterly filing of customer complaints
    14:15 Outside business activities
    15:07 Unauthorized private securities transaction(s). "Selling away".
    16:40 MSRB Rule G-37 campaign contributions $250.
    17:34 Maximum gift or gratuity by employee of one member firm to the employee of another firm is $100
    20:50 Broker check

КОМЕНТАРІ • 72

  • @AsanteDonadelle
    @AsanteDonadelle 9 місяців тому +6

    Took my SIE today, and I passed. Your videos really helped tie up the loose ends.

    • @Series7Guru
      @Series7Guru  9 місяців тому +2

      Kudos! Always very gratifying when my videos contribute to test taking victories like yours

    • @marii2336
      @marii2336 8 місяців тому +3

      At 10:20 I think they changed it to yearly. According to correction on Kaplan :)

    • @Series7Guru
      @Series7Guru  8 місяців тому +1

      @marii2336 indeed

  • @alexhudgin2176
    @alexhudgin2176 Рік тому +3

    Hi Dean just wanted to say thank you for taking the time to put out these videos. They were a huge help for me passing my SIE exam today. They really brought it all together from my other materials and I’m forever grateful

    • @Series7Guru
      @Series7Guru  Рік тому

      Kudos on your first testing victory! What's your next testing victory? 6? 7?

  • @sellbythebell
    @sellbythebell 6 місяців тому +1

    Been watching and listening as I prepare for the SIE. Fingers crossed!

  • @njperuviankid
    @njperuviankid Рік тому +2

    thank you sir enjoying watching your videos over and over going for sie

    • @Series7Guru
      @Series7Guru  Рік тому +1

      Glad you are enjoying them. Sure they will contribute to your first testing victory.

  • @holliecuellar4252
    @holliecuellar4252 Рік тому +1

    Thank you for taking the time to create these videos. I am taking my exam tomorrow and feel more confident with every video I watch.

    • @Series7Guru
      @Series7Guru  Рік тому +1

      Confidence is worth at least 10 points.

    • @holliecuellar4252
      @holliecuellar4252 Рік тому +2

      @@Series7Guru quick update…I PASSED!! 😎
      On to the 7. I look forward to continuing your videos!

    • @Series7Guru
      @Series7Guru  Рік тому +1

      @@holliecuellar4252 kudos!!!

  • @chrisbrownson6
    @chrisbrownson6 3 роки тому +2

    Thanks for the videos!! Thought I’d share, as I passed the SIE last week….
    I had 3 break even options questions, but all 3 asked “at what point is the contract profitable,” NOT what the break even was.
    Of course, to find that answer you have to find the break even, then add or subtract a penny depending on call or put.
    Thanks, Dean!! 7 next month!!

    • @Series7Guru
      @Series7Guru  3 роки тому

      KUDOS on your SIE victory and thanks for the debrief!!!

    • @anthonybasciano1282
      @anthonybasciano1282 2 роки тому

      Hey, can you please elaborate more on how to figure out "what point the contract is profitable?"

  • @randoMotions
    @randoMotions 6 місяців тому +1

    Awesome, thanks!

  • @ThomasETapia
    @ThomasETapia 6 місяців тому +2

    Hello Dean, Thank you for your help studying for the SIE over the past week. I am in Dallas and going to test in 2 hours. I just finished the 60 minute blast for the day. Lets go!! Ill let you know how I do. Thank you again.

    • @Series7Guru
      @Series7Guru  6 місяців тому +1

      Sending you good test vibes! You got this!

  • @avpmadrid007
    @avpmadrid007 11 місяців тому +1

    Very helpful explication

    • @Series7Guru
      @Series7Guru  11 місяців тому

      Glad you found it helpful

  • @Andrew615Boro
    @Andrew615Boro 3 роки тому +4

    Great videos! I passed my SIE today and your videos help a lot! I used the four videos of the outline as sort of a refresher. I am on to the series 6 now. Any advice?

    • @Series7Guru
      @Series7Guru  3 роки тому +1

      KUDOS!!!!! Good news. The work you did on your SIE will pay dividends on your Series 6. Lots of overlap particularly on mutual funds.

  • @michybalt6761
    @michybalt6761 Рік тому +2

    I take my SIE next Wednesday! I understood the concepts you went over on these explication videos. However I’m not scoring the best on my practice exams. So that’s making feel very stressed.

    • @Series7Guru
      @Series7Guru  Рік тому

      70% plus? Who is your vendor? Do the TestGeek final in the playlist

    • @michybalt6761
      @michybalt6761 Рік тому +2

      Thank you for your response. I will do the TestGeek final. I am using pass perfect that is what my employer provides. My score today was finally a 74. I’ve been doing one pass perfect final a day

    • @michybalt6761
      @michybalt6761 Рік тому

      Today was my first score in the 70s.

    • @Series7Guru
      @Series7Guru  Рік тому

      @@michybalt6761 if I were your accountability partner exactly what I would want to see. Keep grinding. Stay the course!

  • @darlag13
    @darlag13 Рік тому +1

    Thanks

    • @Series7Guru
      @Series7Guru  Рік тому

      You are welcome. Remember, only 7 questions in the section.

  • @savagecontent8712
    @savagecontent8712 2 роки тому +1

    Fingerprint cards are required by the Securities and Exchange Commission (SEC) to be filed with
    A)
    Financial Industry Regulatory Authority (FINRA).
    B)
    any self-regulatory organization (SRO) approved by the SEC.
    C)
    the U.S. Attorney General.
    D)
    the SEC.
    How is this one not Finra?

  • @GenoveseKids
    @GenoveseKids Рік тому +1

    For the firm and regulatory element training, on my practice exams, the correct answer, for both, is "Annually". 120 days and 3 years after is an answer option, but the correct answer is annually.

    • @Series7Guru
      @Series7Guru  Рік тому +1

      It has changed since this video was published.

    • @GenoveseKids
      @GenoveseKids Рік тому +2

      @@Series7Guru so the correct answer for both is “annually”?

    • @Series7Guru
      @Series7Guru  Рік тому +2

      @@GenoveseKids yes

  • @miguelyourlender
    @miguelyourlender 11 місяців тому +1

    how can i get a pdf copy of down load in pdf

  • @davidcynkin6264
    @davidcynkin6264 Рік тому +3

    Would it be possible for you to create a study guide like this to download as a pdf that has the main points crucial to know for the test for each section? Would be an amazing refresher before test

    • @Series7Guru
      @Series7Guru  Рік тому +2

      Have many requests but logistically not able to do it yet. Q2.

    • @davidcynkin6264
      @davidcynkin6264 Рік тому +1

      @@Series7Guru I will be waiting patiently if you are ever able to. Thank you for all that you do! I’m just starting to study and want to take SIE in around 3 months. What are your suggestions of how to best set my self up well with your videos? I am loving them so far

    • @Series7Guru
      @Series7Guru  Рік тому +1

      @@davidcynkin6264 the videos are in suggested watch order but it is a buffet. Take what you like. Leave what you don't

  • @aodzenn11
    @aodzenn11 2 роки тому +2

    Do you have an explicated video for Sections 1 and 3? I found 2 and 4 and they were very helpful. Thank you for creating these!! (And by the way--I am a grown woman; apparently, my 10 yr old has used my email address to create a UA-cam channel!! LOL!!)

    • @Series7Guru
      @Series7Guru  2 роки тому

      ua-cam.com/video/sTzDNeKImaw/v-deo.html

  • @GenoveseKids
    @GenoveseKids Рік тому +2

    Also, for the U5, it is correct that if a firm needs to send it to another firm, it is 2 business days?

    • @Series7Guru
      @Series7Guru  Рік тому +2

      It is. Verbal errata corrected in the time stamp in the video description

  • @savagecontent8712
    @savagecontent8712 2 роки тому +1

    If after a registered representative terminates the firm learns of something that should have been reported to the Central Registration Depository, how long does the firm have to make an amendment if that information would cause statutory disqualification? Correct Answer 10 days. Hey dean isn't usually 30 days? or different bc of SD?

    • @Series7Guru
      @Series7Guru  2 роки тому

      It is but if is amendment for a yes answer to statutory disqualification it is 1o.

  • @sammeredith5378
    @sammeredith5378 3 місяці тому +1

    Taking my SIE tomorrow, and a bit confused on the regulatory element. I’ve been studying with Kaplan and I thought regulatory elements were supposed to be satisfied annually? Not every three years

    • @Series7Guru
      @Series7Guru  3 місяці тому

      It is now annually should have been in your updates.

  • @user-vp9vg3hi1j
    @user-vp9vg3hi1j 3 місяці тому +1

    Would within 120 days of second anniversary imply that they are in their third year since their 2 year anniversary has past?

    • @Series7Guru
      @Series7Guru  3 місяці тому +1

      This has now changed to annually

  • @cbboiii1100
    @cbboiii1100 10 місяців тому +2

    Are Conduct rules, COP, UCP, etc and records maintained going to be big on the test?

    • @Series7Guru
      @Series7Guru  10 місяців тому +1

      No. All are recognition style questions.

    • @cbboiii1100
      @cbboiii1100 10 місяців тому +1

      @@Series7Guru Thank you for getting back to me so quickly. Appreciate what you do. Binge watching for SIE tomorrow. Thanks again

  • @mybeautifuldarktwistedfagotree

    paying for golfing that exceeds $100 would fit as a "normal, deductible business activity"?

    • @Series7Guru
      @Series7Guru  Рік тому +1

      Not on the SIE exam. It is a recognition question only. There are no judgement questions on the SIE.
      Ultimately your supervisor and compliance would make the decision not the baby broker.

  • @atboptimistic-6853
    @atboptimistic-6853 2 роки тому +1

    Do you have any options videos for SIE prep?

    • @Series7Guru
      @Series7Guru  2 роки тому

      Yes they are found in the SIE playlist. Here is the first one in that SIE playlist ua-cam.com/video/VkZPeOZEEcY/v-deo.html

  • @patrickcashmere1833
    @patrickcashmere1833 Рік тому +1

    Dean, how do we download the PDF'S of the outlines?

    • @Series7Guru
      @Series7Guru  Рік тому

      Unfortunately, that is not available.

  • @atboptimistic-6853
    @atboptimistic-6853 2 роки тому +1

    Repurchase Agreements … can you elaborate?

    • @Series7Guru
      @Series7Guru  2 роки тому +1

      A repo a money market security. A fiinancial institution pledges securities for a loan with an agreement to repurchase the securities at slightly higher price. That higher price represents the interest on the loan. Wouldn't worry about it on the SIE.

    • @atboptimistic-6853
      @atboptimistic-6853 2 роки тому

      @@Series7Guru it's on all of my practice exams .. yet my book doesn't explain it like you just did...

  • @RecoveryKicks
    @RecoveryKicks Місяць тому +1

    What if your “criminal record “ has been expunged ?

    • @Series7Guru
      @Series7Guru  Місяць тому

      Not on the test. The test is hard enough already. Don't make it even harder,

  • @christianperez9418
    @christianperez9418 2 місяці тому +1

    How do I get the download file, thanks!

    • @Series7Guru
      @Series7Guru  2 місяці тому

      It is available on the FINRA website

  • @Dusty_Aura
    @Dusty_Aura 5 місяців тому +1

    Do you have a lesson on this topic?

    • @Series7Guru
      @Series7Guru  5 місяців тому +1

      I do. Rules of the road.

    • @Dusty_Aura
      @Dusty_Aura 5 місяців тому

      @@Series7Guru thank you for the quick reply!

  • @miguelyourlender
    @miguelyourlender 11 місяців тому +1

    how can i her a copy in pdf of this