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

Do you need to take the Series 51? In this two-day crash course, we'll use lots of examples and practice questions to teach you the ins and outs of LGIPs and 529 plans. Take a trip to beautiful Portland, Oregon and let us help you pass this surprisingly difficult exam.
 
 
 
 
 

"Loved Solomon's exam simulator program from the start, and the FINRA Concept tests combined with the simulation exams is what really improved my score. Solomon will be the only company I use to prepare for all exams I may have in the future and I highly recommend it. Solomon got a life-long repeat customer all because of a generic comment from a random forum."
- Alex
 
 
 
 
 

Question: A few years back ABC Corporation issued callable bonds yielding 6%. The call price is 104, and the call protection period has ended. The bonds are trading at 105 today. Which of the following are true:
I. The current yield on these bonds is 6.3%
II. The current yield on these bonds is 5.7%
III. There is a good chance the bonds will be called
IV. There is a good chance the bonds will not be called

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

Correct Answer: C. II and III

Rationale: The formula for calculating current yield is the annual interest on the bond ($60) divided by the current price of the bond ($1050) which is equal to 5.7%. Because ABC can finance the debt at a lower interest rate than they are currently paying there is a good chance that they will call the bonds.

Congratulations Stephen Z., this month's Study Question of the Month winner!

*December's Study Question has been posted. Remember to submit your answer to info@solomonexamprep.com to be entered to win a $10 Starbucks gift card.
 
 
 
 
 

November 3, at the 2015 National Society of Compliance Professionals Annual Conference, in National Harbor, MD, FINRA gave a presentation on its proposed restructure of the FINRA qualification Exam Program.  The primary presenter was Joseph McDonald, the FINRA staff member in charge of the Qualification Exam Program.

​Attendees learned the following regarding the new exam restructure:
 
 
 
 
 

Capital markets in the United States are arguably the strongest in the world. Recent developments could strengthen them even more by making equity investing and equity capital-raising much more accessible.

In an effort to lower the cost and increase the availability of equity investing to small businesses, the SEC just adopted Regulation Crowdfunding (Title III of the Jobs Act adding Securities Act Section 4(a)(6)). These are the much-awaited final rules permitting equity crowdfunding, which allows small and startup companies to raise capital via the internet through relatively small contributions from investors.
 
 
 
 
 

Solomon Exam Prep has been diligently preparing study materials for the Series 50 exam since the MSRB’s announcement of its new Municipal Advisor Representative Qualification Exam. An initial pilot exam will be taking place from January 15, 2016 - February 15, 2016. We are happy to announce that our Series 50 study materials are now available to give you plenty of time to study before taking the pilot exam!
 
 
 
 
 
FINRA, NASAA & MSRB Updates
 
 
 
 
November 5, 2015

November 9, 2015

November 11, 2015

November 16, 2015

November 19, 2015

November 20, 2015

December 1, 2015
 
 
 
 
 
Other News
 
 
 
 
 
 
 
 
 
SEC Updates
 
 
 
 
November 2, 2015

November 3, 2015

November 4, 2015

November 4, 2015

November 5, 2015

November 5, 2015

November 12, 2015

November 12, 2015

November 13, 2015

November 16, 2015

Statement on Departure from the SEC - Commissioner Luis A. Aguilar
November 16, 2015

November 17, 2015

November 17, 2015

November 18, 2015

November 18, 2015

Shedding Light on Dark Pools - Commissioner Luis A. Aguilar
November 18, 2015

November 18, 2015

November 19, 2015

November 19, 2015

November 20, 2015

November 23, 2015

November 24, 2015

November 25, 2015

November 30, 2015

November 30, 2015

December 1, 2015

December 1, 2015

December 2, 2015

December 3, 2015
 
 
 
 
 
Solomon Exam Prep
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info@solomonexamprep.com
Office Hours: Monday - Friday: 8:00 AM to 4:30 PM (Pacific Time)
 
 
        
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