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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
Took my SIE today, and I passed. Your videos really helped tie up the loose ends.
Kudos! Always very gratifying when my videos contribute to test taking victories like yours
At 10:20 I think they changed it to yearly. According to correction on Kaplan :)
@marii2336 indeed
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
Kudos on your first testing victory! What's your next testing victory? 6? 7?
Been watching and listening as I prepare for the SIE. Fingers crossed!
You got this!
thank you sir enjoying watching your videos over and over going for sie
Glad you are enjoying them. Sure they will contribute to your first testing victory.
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.
Confidence is worth at least 10 points.
@@Series7Guru quick update…I PASSED!! 😎
On to the 7. I look forward to continuing your videos!
@@holliecuellar4252 kudos!!!
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!!
KUDOS on your SIE victory and thanks for the debrief!!!
Hey, can you please elaborate more on how to figure out "what point the contract is profitable?"
Awesome, thanks!
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.
Sending you good test vibes! You got this!
Very helpful explication
Glad you found it helpful
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?
KUDOS!!!!! Good news. The work you did on your SIE will pay dividends on your Series 6. Lots of overlap particularly on mutual funds.
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.
70% plus? Who is your vendor? Do the TestGeek final in the playlist
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
Today was my first score in the 70s.
@@michybalt6761 if I were your accountability partner exactly what I would want to see. Keep grinding. Stay the course!
Thanks
You are welcome. Remember, only 7 questions in the section.
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?
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.
It has changed since this video was published.
@@Series7Guru so the correct answer for both is “annually”?
@@GenoveseKids yes
how can i get a pdf copy of down load in pdf
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
Have many requests but logistically not able to do it yet. Q2.
@@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
@@davidcynkin6264 the videos are in suggested watch order but it is a buffet. Take what you like. Leave what you don't
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!!)
ua-cam.com/video/sTzDNeKImaw/v-deo.html
Also, for the U5, it is correct that if a firm needs to send it to another firm, it is 2 business days?
It is. Verbal errata corrected in the time stamp in the video description
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?
It is but if is amendment for a yes answer to statutory disqualification it is 1o.
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
It is now annually should have been in your updates.
Would within 120 days of second anniversary imply that they are in their third year since their 2 year anniversary has past?
This has now changed to annually
Are Conduct rules, COP, UCP, etc and records maintained going to be big on the test?
No. All are recognition style questions.
@@Series7Guru Thank you for getting back to me so quickly. Appreciate what you do. Binge watching for SIE tomorrow. Thanks again
paying for golfing that exceeds $100 would fit as a "normal, deductible business activity"?
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.
Do you have any options videos for SIE prep?
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
Dean, how do we download the PDF'S of the outlines?
Unfortunately, that is not available.
Repurchase Agreements … can you elaborate?
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.
@@Series7Guru it's on all of my practice exams .. yet my book doesn't explain it like you just did...
What if your “criminal record “ has been expunged ?
Not on the test. The test is hard enough already. Don't make it even harder,
How do I get the download file, thanks!
It is available on the FINRA website
Do you have a lesson on this topic?
I do. Rules of the road.
@@Series7Guru thank you for the quick reply!
how can i her a copy in pdf of this
Not available