The Boston Institute of Finance Mutual Fund Advisor Course: Series 6 and Series 63 Test Prep

Boston Institute of Finance Mutual Fund Advisor Course......Page 6
Cover......Page 1
Copyright......Page 7
CONTENTS......Page 8
PREFACE......Page 12
MONEY AND CAPITAL MARKETS......Page 21
COMMON STOCK......Page 22
CORPORATE BONDS......Page 23
RIGHTS......Page 24
ZERO COUPON BONDS......Page 25
INTEREST RATES AND BOND CONCEPTS......Page 26
US GOVERNMENT SECURITIES......Page 27
MONEY MARKET INSTRUMENTS......Page 28
ADDITIONAL CONCEPTS......Page 29
REVIEW QUESTIONS......Page 31
ANSWERS TO REVIEW QUESTIONS......Page 34
TYPES OF INVESTMENT RISK......Page 35
SUITABILITY AND RISK FACTORS......Page 37
REVIEW QUESTIONS......Page 39
ANSWERS TO REVIEW QUESTIONS......Page 41
INTRODUCTION......Page 43
TYPES OF FUNDS......Page 44
CLASSES OF SHARES......Page 45
MUTUAL FUND ACCOUNTS......Page 46
DISTRIBUTIONS BY FUNDS......Page 47
MUTUAL FUND EXPENSES......Page 48
IMPORTANT POINTS......Page 49
ADDITIONAL CONCEPTS......Page 50
REVIEW QUESTIONS......Page 52
ANSWERS TO REVIEW QUESTIONS......Page 56
INTRODUCTION......Page 57
BREAKPOINTS......Page 58
ADVERTISING BY FUNDS......Page 59
NASD RULES CONCERNING INVESTMENT COMPANIES......Page 60
MUTUAL FUND SALES BY BANKS......Page 62
ADDITIONAL CONCEPTS......Page 63
REVIEW QUESTIONS......Page 65
ANSWERS TO REVIEW QUESTIONS......Page 69
VARIABLE ANNUITIES......Page 71
VARIABLE LIFE INSURANCE......Page 74
MAIN POINTS—VARIABLE LIFE INSURANCE CONTRACTS......Page 75
INDIVIDUAL RETIREMENT ACCOUNTS......Page 76
401(k) PLANS......Page 78
403(b) PLANS......Page 79
REVIEW QUESTIONS......Page 80
ANSWERS TO REVIEW QUESTIONS......Page 84
BYLAWS OF THE NASD......Page 85
ADVERTISING RULES......Page 86
RECOMMENDATIONS MADE TO CUSTOMERS......Page 87
NASD HOT-ISSUE RULES......Page 88
CONFIRMATIONS......Page 89
OTHER PROVISIONS OF NASD RULES......Page 90
TRADE DATE AND SETTLEMENT DATE......Page 92
INVESTMENT COMPANIES AND THE NASD RULES OF FAIR PRACTICE......Page 93
REVIEW QUESTIONS......Page 94
ANSWERS TO REVIEW QUESTIONS......Page 99
SECURITIES ACT OF 1933......Page 101
THE SECURITIES EXCHANGE ACT OF 1934......Page 103
SECURITIES INVESTOR PROTECTION ACT OF 1970......Page 104
UNIFORM GIFTS TO MINORS ACT—UNIFORM TRANSFER TO MINORS ACT......Page 105
REVIEW QUESTIONS......Page 107
ANSWERS TO REVIEW QUESTIONS......Page 109
SERIES 6 GLOSSARY......Page 111
SERIES 6 FINAL EXAMINATION......Page 117
ANSWERS TO SERIES 6 FINAL EXAMINATION......Page 130
ADDITIONAL PRACTICE QUESTIONS 1......Page 131
ANSWERS TO ADDITIONAL PRACTICE QUESTIONS 1......Page 134
ADDITIONAL PRACTICE QUESTIONS 2......Page 135
ANSWERS TO ADDITIONAL PRACTICE QUESTIONS 2......Page 138
ADDITIONAL PRACTICE QUESTIONS 3......Page 139
ANSWERS TO ADDITIONAL PRACTICE QUESTIONS 3......Page 142
SERIES 63 TEST PREPARATION......Page 143
INTRODUCTION......Page 145
IMPORTANT TERMS......Page 146
LICENSING/REGISTRATION REQUIREMENTS......Page 150
RECORDKEEPING......Page 151
ADMINISTRATIVE SANCTIONS......Page 152
REGISTRATION OF SECURITIES......Page 153
EXEMPT SECURITIES......Page 154
EXEMPT TRANSACTIONS......Page 155
FRAUDULENT AND OTHER PROHIBITED PRACTICES......Page 156
REGULATORY OVERSIGHT......Page 158
JUDICIAL REVIEW OF ADMINISTRATIVE ORDERS......Page 159
CONSENT TO SERVICE OF PROCESS......Page 160
ADDITIONAL CONCEPTS—UNIFORM SECURITIES ACT......Page 161
PRACTICE QUESTIONS 1......Page 163
PRACTICE QUESTIONS 1—ANSWER EXPLANATIONS......Page 170
PRACTICE QUESTIONS 2......Page 172
PRACTICE QUESTIONS 2—ANSWER EXPLANATIONS......Page 179
PRACTICE QUESTIONS 3......Page 181
PRACTICE QUESTIONS 3—ANSWER EXPLANATIONS......Page 188
PRACTICE QUESTIONS 4......Page 190
PRACTICE QUESTIONS 4—ANSWER EXPLANATIONS......Page 194
INDEX......Page 195