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

"I passed the Series 82 on my first attempt using Solomon's Exam Study Guide and Online Exam Simulator. The unlimited number of times I took the quizzes and exams with feedback was why I passed."    -Murad Karimi​
 
 
 
 

Question: Jenny is an employee of a broker-dealer. She is a receptionist at the firm and is not a registered representative. She would like to purchase shares in an IPO that she has recently heard about at her office. Which of the following BEST describes her participation?

Answers:

A. Jenny may purchase shares of the IPO on the same basis as other customers.
B. Jenny is prohibited from purchasing shares of the IPO, but her spouse who she supports may purchase shares on the same basis as other customers.
C. Jenny may purchase shares of the IPO as long as the purchase quantity doesn't exceed 200 shares.
D. Jenny is prohibited from purchasing shares of the IPO.

Correct Answer: D. Jenny is prohibited from purchasing shares of the IPO.

Rationale: FINRA Rule 5130 - Restrictions on the Purchase and Sale of Initial Equity Public Offerings - prohibits a member firm (broker/dealer) from selling shares of an IPO to an account in which a “restricted person“ has a beneficial interest, subject to certain limited exceptions. All employees of a broker-dealer are considered “restricted persons“ under the rule.

Submit your answer every month to info@solomonexamprep.com to be entered to win a $10 Starbucks gift card. This month's winner is Alexandra K.
 
 
 
 

Effective April 1, 2015, individuals who register for one of the following exams will be charged new rates... Read More
 
 
 
 

A FINRA spokesperson at the 2015 ARM Annual Education Conference recently proposed some important changes to securities exams. Follow our blog to stay up-to-date with the upcoming changes and announcements. 
 
 
 
 
 
SEC Updates
 
 
 
 
March 2, 2015

March 4, 2015

March 13, 2015

March 25, 2014

March 25, 2014

March 26, 2015

March 27, 2015

March 30, 2015

 
 
 
 
 
FINRA & MSRB Updates
 
 
 
 

ARM 2015 Annual Education Conference, March 2015

March 5, 2015

March 9, 2015

March 10, 2015

March 12, 2015

March 17, 2015

March 25, 2015

March 26, 2015

March 30, 2015
 
 
 
 
 
 
Solomon Exam Prep
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