Wiley FINRA Series 65 Exam Review 2017 : The Uniform Investment Adviser Law Examination

**The go-to guide to acing the Series 65 Exam!**Consisting of 130 multiple-choice questions in the areas of ethics and legal guidelines, investment strategies, investment vehicles, and economics and analysis, the Uniform Investment Adviser Law Examination (Series 65) is designed to qualify candidates as investment adviser representatives. An indispensable resource for anyone preparing to take this tough three-hour exam, __Wiley Series 65 Exam Review 2017__ was created by the experts at The Securities Institute of America, Inc. It arms you with what you need to score high and pass the Series 65 Exam on your first try. Designed to let you build and fine-tune your knowledge of all areas covered in the exam and to guarantee that you're prepared mentally and strategically to take the test, it features: - Dozens of examples - Assorted practice questions for each subject area covered in the exam - Priceless test-taking tips and strategies - Helpful hints on how to study for the test, manage stress, and stay focused __Wiley Series 65 Exam Review 2017__ is your ticket to passing the Uniform Investment Adviser Law Examination—with flying colors! Employee Retirement Income Security Act of 1974 (ERISA) -- ERISA 404C SAFE HARBOR -- The Department of Labor Fiduciary Rules -- Life Insurance -- Tax Implications of Life Insurance -- Health Savings Accounts -- Pretest -- Chapter 6: Fundamental and Technical Analysis -- Fundamental Analysis -- Balance Sheet -- Capitalization -- Changes in the Balance Sheet -- The Income Statement -- Industry Fundamentals -- Top-Down and BOTTOM-UP Analysis -- Dividend Valuation Models -- Technical Analysis -- Market Theories and Indicators -- Efficient Market Theory -- Statistical Analysis -- Market Capitalization -- Pretest -- Chapter 7: Economic Fundamentals -- Gross Domestic Product -- Recession -- Depression -- Economic Indicators -- Schools of Economic Thought -- Economic Policy -- Tools of the Federal Reserve Board -- INTEREST RATES -- Reserve Requirement -- Changing the Discount Rate -- Federal Open Market Committee -- Money Supply -- Disintermediation -- Moral Suasion -- Fiscal Policy -- International Monetary Considerations -- London Interbank Offered Rate / LIBOR -- Yield Curve Analysis -- Pretest -- Chapter 8: Recommendations, Professional Conduct, and Taxation -- Professional Conduct by Investment Advisers -- The Uniform Prudent Investors Act of 1994 -- Fair Dealings with Clients -- Recommending Mutual Funds -- Periodic Payment Plans -- Disclosure of Client Information -- Borrowing and Lending Money -- Developing the Client Profile -- Types of Advisory Clients -- Investment Objectives -- Capital Asset Pricing Model (CAPM) -- Risk vs. Reward -- Alpha -- Beta -- Expected Return -- Time Value of Money -- Weighted Returns -- Modern Portfolio Theory -- Predicting Portfolio Income -- Tax Structure -- Investment Taxation -- Calculating Gains and Losses -- Cost Base of Multiple Purchases -- Deducting Capital Losses -- Wash Sales -- Taxation of Interest Income Inherited and Gifted Securities -- Donating Securities to Charity -- Trusts -- Gift Taxes -- Estate Taxes -- Withholding Tax -- Corporate Dividend Exclusion -- Alternative Minimum Tax (AMT) -- Taxes on Foreign Securities -- Pretest -- Chapter 9: Securities Industry Rules and Regulations -- The Securities Act of 1933 -- The Prospectus -- The Final Prospectus -- SEC Disclaimer -- Misrepresentations -- The Securities Exchange Act of 1934 -- The Securities Exchange Commission (SEC) -- Extension of Credit -- Public Utilities Holding Company Act of 1935 -- Financial Industry Regulatory Authority (FINRA) -- The Trust Indenture Act of 1939 -- Investment Advisers Act of 1940 -- Investment Company Act of 1940 -- FINRA Member Communications with the Public -- FINRA Rule 2210 Communications with the Public -- Corporate Websites -- Blind Recruiting Ads -- Generic Advertising -- Tombstone Ads -- Testimonials -- Free Services -- Misleading Communications -- Securities Investor Protection Corporation Act of 1970 (SIPC) -- Net Capital Requirement -- Customer Coverage -- Fidelity Bond -- The Securities Acts Amendments of 1975 -- The Insider Trading and Securities Fraud Enforcement Act of 1988 -- Firewall -- The Telephone Consumer Protection Act of 1991 -- Exemption from the Telephone Consumer Protection Act of 1991 -- National Securities Market Improvement Act of 1996 -- The Uniform Securities Act -- Currency Transactions -- The Patriot Act -- REGULATION S-P -- Identity Theft -- Pretest -- Chapter 10: Trading Securities -- Types of Orders -- The Exchanges -- Priority of Exchange Orders -- The Role of the Specialist/DMM -- The Specialist/DMM Acting as a Principal -- The Specialist/DMM Acting as an Agent -- Crossing Stock -- Do Not Reduce (DNR) -- Adjustments for Stock Splits -- Stopping Stock -- Commission House Broker -- Two-Dollar Broker -- Registered Traders Dissolving a Partnership -- Pretest -- Chapter 2: Corporate and Municipal Debt Securities -- Corporate Bonds -- Types of Bond Issuance -- Bond Pricing -- Par Value -- Discount -- Premium -- Corporate Bond Pricing -- Bond Yields -- Yield to Maturity: Premium Bond -- Yield to Maturity: Discount Bond -- Calculating the Yield to Maturity -- Calculating the Yield to Call -- Realized Compound Yield Returns -- Yield Spreads -- The Real Interest Rate -- Bond Maturities -- Series Issue -- Types of Corporate Bonds -- Guaranteed Bonds -- Convertible Bonds -- Converting Bonds into Common Stock -- Parity Price -- Advantages of Issuing Convertible Bonds -- Disadvantages of Issuing Convertible Bonds -- Convertible Bonds and Stock Splits -- The Trust Indenture Act of 1939 -- Bond Indenture -- Ratings Considerations -- Exchange Traded Notes (ETNs) -- Euro and Yankee Bonds -- Variable Rate Securities -- Retiring Corporate Bonds -- Municipal Bonds -- Types of Municipal Bonds -- Taxation of Municipal Bonds -- Tax-Equivalent Yield -- Purchasing a Municipal Bond Issued in the State in Which the Investor Resides -- Triple Tax Free -- Original Issue Discount (OID) and Secondary Market Discounts -- Amortization of a Municipal Bond's Premium -- Bond Swaps -- Analyzing Municipal Bonds -- Analyzing General Obligation Bonds -- Duration -- Convexity -- Bond Portfolio Management -- Pretest -- Chapter 3: Government and Government Agency Issues -- Series EE Bonds -- Series HH Bonds -- Treasury Bills, Notes, and Bonds -- Purchasing Treasury Bills -- Treasury Notes -- Treasury Bonds -- Treasury Bond and Note Pricing -- Treasury STRIPs -- Treasury Receipts -- Treasury Inflation Protected Securities (TIPS) -- Agency Issues -- Government National Mortgage Association (GNMA) -- Federal National Mortgage Association (FNM) -- Federal Home Loan Mortgage Corporation (FHLMC) Federal Farm Credit System -- Collateralized Mortgage Obligation (CMO) -- CMOs and Interest Rates -- Types of CMOs -- Pretest -- Chapter 4: Investment Companies -- Investment Company Philosophy -- Types of Investment Companies -- Open End vs. Closed End -- Diversified vs. Nondiversified -- Investment Company Registration -- Registration Requirements -- Investment Company Components -- Mutual Fund Distribution -- Selling Group Member -- Distribution of No-Load Mutual Fund Shares -- Distribution of Mutual Fund Shares -- Mutual Fund Prospectus -- Characteristics of Open-End Mutual Fund Shares -- Mutual Fund Investment Objectives -- Other Types of Funds -- Bond Funds -- Alternative Funds -- Valuing Mutual Fund Shares -- Sales Charges -- Other Types of Sales Charges -- 12B-1 Fees -- Recommending Mutual Funds -- Calculating a Mutual Fund's Sales Charge Percentage -- Finding the Public Offering Price -- Sales Charge Reductions -- Breakpoint Schedule -- Letter of Intent -- Breakpoint Sales -- Rights of Accumulation -- Automatic Reinvestment of Distributions -- Other Mutual Fund Features -- Dollar Cost Averaging -- Mutual Funds Voting Rights -- Mutual Fund Yields -- Portfolio Turnover -- Pretest -- Chapter 5: Variable Annuities and Retirement Plans -- Annuities -- Bonus Annuity -- Equity-Indexed Annuity -- Recommending Variable Annuities -- Annuity Purchase Options -- Accumulation Units -- Annuity Units -- Annuity Payout Options -- Factors Affecting the Size of the Annuity Payment -- The Assumed Interest Rate (AIR) -- Taxation -- Types of Withdrawals -- Annuitizing the Contract -- Sales Charges -- Investment Management Fees -- Variable Annuity vs. Mutual Fund -- Retirement Plans -- Individual Plans -- Individual Retirement Accounts (IRAs) -- Corporate Plans -- Types of Plans -- Rolling Over a Pension Plan -- Employee Stock Options Wiley FINRA Series -- Title Page -- Copyright -- About the Series 65 Exam -- Taking the Series 65 Exam -- How to Prepare for the Series 65 Exam? -- Why Do I Need to Take the Series 65 Exam? -- What Score Is Needed to Pass the Exam? -- Are There Any Prerequisites for the Series 65 Exam? -- How Do I Schedule an Exam? -- What Must I Take to the Exam Center? -- How Soon Will I Receive the Results of the Exam? -- About This Book -- About the Test Bank -- About The Securities Institute of America -- Chapter 1: Equity Securities -- What Is a Security? -- Equity = Stock -- Common Stock -- Corporate Time Line -- Values of Common Stock -- Book Value -- Par Value -- Rights of Common Stockholders -- Preemptive Rights -- Characteristics of a Rights Offering -- Determining the Value of a Right Cum Rights -- Determining the Value of a Right Ex Rights -- Voting -- Limited Liability -- Freely Transferable -- The Transfer Agent -- The Registrar -- CUSIP Numbers -- Inspection of Books and Records -- Residual Claim to Assets -- Why Do People Buy Common Stock? -- Income -- What Are the Risks of Owning Common Stock? -- How Does Someone Become a Stockholder? -- Preferred Stock -- Features of All Preferred Stock -- Types of Preferred Stock -- Callable Preferred -- Types of Dividends -- Dividend Distribution -- Taxation of Dividends -- Selling Dividends -- Dividend Disbursement Process -- Warrants -- How Do People Get Warrants? -- American Depositary Receipts (ADRs)/American Depositary Shares (ADSs) -- Currency Risks -- Functions of the Custodian Bank Issuing ADRs -- Real Estate Investment Trusts/REITs -- Non-Traded REITs -- Direct Participation Programs and Limited Partnerships -- Limited Partnerships -- Tax Reporting for Direct Participation Programs -- Limited Partnership Analysis -- Tax Deductions vs. Tax Credits -- Other Tax Considerations The go-to guide to acing the Series 65 Exam! Consisting of 130 multiple-choice questions in the areas of ethics and legal guidelines, investment strategies, investment vehicles, and economics and analysis, the Uniform Investment Adviser Law Examination (Series 65) is designed to qualify candidates as investment adviser representatives. An indispensable resource for anyone preparing to take this tough three-hour exam, Wiley Series 65 Exam Review 2017 was created by the experts at The Securities Institute of America, Inc. It arms you with what you need to score high and pass the Series 65 Exam on your first try. Designed to let you build and fine-tune your knowledge of all areas covered in the exam and to guarantee that you're prepared mentally and strategically to take the test, it features: Dozens of examples Assorted practice questions for each subject area covered in the exam Priceless test-taking tips and strategies Helpful hints on how to study for the test, manage stress, and stay focused Wiley Series 65 Exam Review 2017 is your ticket to passing the Uniform Investment Adviser Law Examination—with flying colors!