Series 63 Exam Audio Study Lessons

Table of Contents

Introduction About the Exam Lesson 1 Business Practices customer accounts part 1 Cash accounts and Client information requirements Margin accounts Information requirements Individual Accounts Joint Accounts Transfer on Death Discretionary Authority Suitability of investments Wash trades Solicited orders vs unsolicited orders Suitability Rules Customer communication of risks Fiduciary Rules: Broker Dealer vs Investment Advisor Settlement Reg T Short Sales Comingling Stocks Proprietary positions of Broker Dealer Client Taking Possession of Securities Lesson 2 Business Practices customer accounts part 2 Antifraud Rules Client Consent Contract Requirements Investment Advisory Agreement Requirements Sharing of Gains and Losses Brochure requirements ADVA pt 2a pt2b Custody of Client Assets Lesson 3 Business Practices customer accounts part 3 Borrowing Money from Customers Loaning Money to Customers Commissions’ Disclosure Customer Complaints Trading Practices Tipper Tipee rules Penalties for Insider Trading Front Running Initial Public Offerings Advertising Testimonials Internet Advertising Email Communication Selling Away Referral Fees Lesson 4 Business Practices Uniform Prudent Investor Act Diversification Concentrated Portfolios Prohibited Transactions Block Trades Conflicts of Interest Not Not May Rules Promissory Note Fraud Anti-Money Laundering Rules Suspicious Activity Reports Privacy Statement Orders and Order Confirmations Do It Rule Limit Order Display Rule Payment for Order Flow Lesson 5 Registration & Licensing part 1 Blue Sky Laws Conflicts between Fed and State Definitions Issuer Non Issuer Agents Principal Intuitional Buyers Exclusions De Minimis Rule Exempt Securities Isolated Transaction Loophole Covered Securities Qualified Purchaser Lesson 6 Registration & Licensing part 2 Financial Advisors State Registration vs. Fed Registration National Securities Improvement act of 1996 Investment Advisor Representative Broker Dealer Agent Exclusions Exemptions Fees U4 Form U5 Form CRD Lesson 7 Registration & Licensing part 3 Registration Requirements Net Capital Individual vs. Entity Surety Bond Custody of Assets Financial Report Maintaining Registration Record Keeping Requirements Record Retention Broker Dealer Records Act of 1934 Advertising Email Correspondence Electronic Record Keeping Brochure Rule Statute of Limitations Suspensions Withdrawing from the Business Lesson 8 Securities Registration Definition of Security Exempted Securities Federal Covered Securities Definition of Sale and Offer Registration by Filing Registration by Coordination Registration by Qualification Revocation of Registration Hearing Requirements Lesson 9 Administrative Procedures Penalties Investigations Non Public and Public Investigations Grounds for Suspension or Revocation Cease and Desist Orders Criminal Liability Civil Liability Offer of Rescission Radio and Newspaper Offers Web Pages