Kaplan Securities Industry Essentials License Exam Manual, 2nd Edition - Comprehensive Exam Prep Book

Introduction
Understanding Products and Their Risks
1
Individual Securities—Equities
	Introduction
	Lesson 1.1: The Basic Securities
	Lesson 1.2: Common Stock
	Lesson 1.3: Rights, Warrants, and Rule 144
	Lesson 1.4: American Depositary Receipts (ADRs) and Preferred Stock
2
Individual Securities—Debt
	Introduction
	Lesson 2.1: The Basics of Bonds
	Lesson 2.2: Bond Ratings and Features
	Lesson 2.3: Zeros and Types of Corporate Debt
	Lesson 2.4: Municipal Bonds
	Lesson 2.5: Treasuries
	Lesson 2.6: Agency Issues and Taxation
	Lesson 2.7: Money Markets and Asset-Backed Securities
3
Derivatives
	Introduction
	Lesson 3.1: Basic Options
	Lesson 3.2: Intrinsic Value, Time Value, and the Option Premium
	Lesson 3.3: Nonequity Options
	Lesson 3.4: Option Calculations
	Lesson 3.5: Hedging Risk With Options
	Lesson 3.6: Generating Premium Income
	Lesson 3.7: Administration and Compliance
4
Packaged Investments
	Introduction
	Lesson 4.1: Investment Company Act of 1940
	Lesson 4.2: Variable Annuities and Life Insurance
	Lesson 4.3: Share Classes
	Lesson 4.4: Breakpoints
	Lesson 4.5: Pricing
	Lesson 4.6: Disclosure and Taxation
5
Other Investment Vehicles
	Introduction
	Lesson 5.1: 529 Plans
	Lesson 5.2: LGIPs and ABLEs
	Lesson 5.3: Direct Participation Programs
	Lesson 5.4: DPP Suitability and Taxation
	Lesson 5.5: REITs
	Lesson 5.6: Hedge Funds
	Lesson 5.7: Exchange-Traded Funds and Exchange-Traded Notes
6
Types of Risk
	Introduction
	Lesson 6.1: Systematic Risk
	Lesson 6.2: Nonsystematic Risk
	Lesson 6.3: Risk Mitigation
Knowledge of Capital Markets
7
The Securities Act of 1933 and the Primary Markets
	Introduction
	Lesson 7.1: The Primary Markets
	Lesson 7.2: Participants in the Primary Market
	Lesson 7.3: Nonexempt Registration
	Lesson 7.4: Exemptions to Registration
	Lesson 7.5: Disclosure Documents
8
The Securities Exchange Act of 1934 and the Secondary Markets
	Introduction
	Lesson 8.1: The Secondary Markets
	Lesson 8.2: Exchanges and the OTC
9
The Government Regulators
	Introduction
	Lesson 9.1: The SEC and the Treasury
	Lesson 9.2: The Federal Reserve Board
	Lesson 9.3: SIPC, FDIC, and NASAA
10
The Self-Regulatory Organizations
	Introduction
	Lesson 10.1: Financial Industry Regulatory Authority
	Lesson 10.2: Other SROs
11
Economic Indicators
	Introduction
	Lesson 11.1: Economic Indicators
12
The Business Cycle
	Introduction
	Lesson 12.1: The Business Cycle
13
The Federal Reserve
	Introduction
	Lesson 13.1: The Federal Reserve
14
Fiscal Policy and Trade
	Introduction
	Lesson 14.1: Fiscal Policy
	Lesson 14.2: Currency Rates and the Balance of Trade
15
Industries and Companies
	Introduction
	Lesson 15.1: Types of Industries
	Lesson 15.2: Financials
Understanding Trading, Customer Accounts, and Prohibited Activities
16
Placing a Trade
	Introduction
	Lesson 16.1: Market Attitude and Trade Types
17
Quotes
	Introduction
	Lesson 17.1: quotes
18
Position, Strategies, and Trade Authority
	Introduction
	Lesson 18.1: Positions and Strategies
	Lesson 18.2: Trade Authority
19
Settlement
	Introduction
	Lesson 19.1: Settlement Dates and Good Delivery
20
Investment Returns
	Introduction
	Lesson 20.1: Investment Returns
	Lesson 20.2: Taxation and Benchmarks
21
Corporate Actions
	Introduction
	Lesson 21.1: Corporate Actions
22
Nonqualified Account
	Introduction
	Lesson 22.1: Nonqualified Accounts
	Lesson 22.2: Trust, Custodial, and Education Accounts
23
Qualified Plans
	Introduction
	Lesson 23.1: Individual Retirement Accounts and Employer-Sponsored Plans
24
Account Features
	Introduction
	Lesson 24.1: Cash Accounts, Fee-Based Accounts, and Margin Accounts
25
AML/BSA
	Introduction
	Lesson 25.1: Anti-Money Laundering Rules
26
General Suitability
	Introduction
	Lesson 26.1: Making Suitable Recommendations
27
Communications With the Public
	Introduction
	Lesson 27.1: Communications With the Public
28
Record Keeping Requirements under SEC 17a-3 & 4
	Introduction
	Lesson 28.1: Record Keeping Requirements
29
Prohibited Activities
	Introduction
	Lesson 29.1: Insider Trading, Market Manipulation, and Restricted Persons
	Lesson 29.2: Other Customer Care Rules
Overview of the Regulatory Framework
30
Associating With a Broker‑Dealer
	Introduction
	Lesson 30.1: Associating With a Broker-Dealer
	Lesson 30.2: Other Personnel Rules
31
Terminating Association With a Broker-Dealer
	Introduction
	Lesson 31.1: The U-5 Form and Retesting
32
Ongoing Expectations of Associated Persons
	Introduction
	Lesson 32.1: Ongoing Expectations of Associated Persons
Common Abbreviations
Glossary
Index
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