Our newsletter is published at the beginning of the month. Here are your headlines for the month of June.
 
 
 
 
 
Solomon Exam Prep Updates
 
 
 
 

"Well, glad I'm done with that one! Whew! Thanks so much for your help and support in assisting me in my preparation for the Series 7 exam. All of the information I purchased from you (books, online quizzes and tests), and suggestions you've made, were extremely helpful, and right on target."
- Howard Silverberg
quest Capital Strategies
New Jersey
 
 
 
 
 

Question: Which of the following is true regarding lost and stolen security reporting requirements?

I. All reports of securities that have been lost for one business day should be reported to the Commission

II. All reports of lost securities in which there is a substantial belief that theft was involved should be reported to the Commission

III. All reports of lost or stolen securities should be reported promptly to the FBI

IV. All reports of lost securities in which there is a substantial belief that theft was involved should be reported to the FBI

Answers:
A. I and III
B. II and IV
C. I and IV
D. II and III

Correct Answer: B. II and IV
Rationale: All reports in which there is substantial belief that theft was involved should be reported to the Commission within one business day of such a discovery. In addition, when there is believed to be criminal activity involved, it should be reported to the Federal Bureau of Investigation. Securities that have been lost for two business days should be reported to the Commission when criminal activity is not suspected.

Congratulations Roseann L., this month's Study Question of the Month winner!


July's Study Question of the Month has been posted: 

*Submit your answer to info@solomonexamprep.com to be entered to win a $10 Starbucks gift card.*
 
 
 
 
 

Effective June 26, 2015, FINRA will alter its rules regarding who will be considered a public or non-public arbitrator. The change will make it so that any arbitrator who has worked in the financial industry for any period of time will be considered a non-public arbitrator. 
 
 
 
 
 

On June 1, 2015, the SEC issued an investor bulletin about "diminished financial capacity", which refers to when an individual becomes unable to manage their finances. They recommend a number of steps for individuals to take to prepare for such a condition.
 
 
 
 
 

On May 22, 2015, FINRA issued guidance concerning communications with the public. Here are some notable points from the guidance.
 
 
 
 
 
FINRA, NASAA & MSRB Updates
 
 
 
 
Proposed Rule Change to Revise the Series 4 Examination Program

Read new FAQs from the MSRB for municipal advisors on the pilot Series 50 exam: http://www.msrb.org/msrb1/pdfs/MSRB-FAQ-Pilot-Series-50.pdf

June 16, 2015

Check your broker with BrokerCheck - BrokerCheck Commercial: Wedding


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Other News
 
 
 
 
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Solomon Exam Prep
6750 SW Franklin Street, Suite A
Portland, OR 97223
(503) 601-0212
info@solomonexamprep.com
Office Hours: Monday - Friday: 8:00 AM to 4:30 PM (Pacific Time)
 
 
        
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