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

"I got a 90 on the Series 6! Need I say more? Ok. . . Thanks Solomon Exam Prep!"
- Jeff
 
 
 
 
 

Question: A market maker has a listed a quote of 32.20 - 32.80, 12 x 7 for ABCD stock on NASDAQ. The market maker accepts a buy limit order from a customer for 200 shares at 32.60. What quote will the market maker have to display to comply with a SEC rules?

Answers:
A. 32.60 - 32.80, 10 x 7
B. 32.20 - 32.80, 12 x 7
C. 32.60 - 32.80, 2 x 7
D. 32.20 - 32.80, 2 x 7

Correct Answer: C. 32.60 - 32.80, 2 x 7

Rationale: The SEC requires market makers to immediately (within 30 seconds) display customer limit orders that are better than their current best quote for NMS stocks. In this case, the buy limit order is better than the market maker's current bid (32.60 > 32.20) so the market maker must immediately display the adjusted quote.

Congratulations to this month's Study Question of the Month winner!

We will be posting February's Study Question soon. Submit your answer to info@solomonexamprep.com to be entered to win a $10 Starbucks gift card.
 
 
 
 
 

Having trouble nailing down the most important concepts for the new MSRB Series 50 Exam? Our professors take you through the most essential topics in this online Video Lecture.
 
 
 
 
 

Solomon Exam Prep will be holding a crash course for the Series 6 & Series 63 exams this March in beautiful Portland, OR. The classes will cover the major topics that will be encountered on these exams. Enroll now and reserve your spot!

 
 
 
 
 
FINRA, NASAA & MSRB Updates
 
 
 
 
January 5, 2016

January 11, 2016

 
 
 
 
 
Other News
 
 
 
 
 
 
 
 
 
SEC Updates
 
 
 
 
January 6, 2016

January 8, 2016

January 11, 2016

January 11, 2016

January 13, 2016

January 13, 2016

January 14, 2016

January 14, 2016

January 15, 2016

January 19, 2016

January 20, 2016

January 20, 2016

January 28, 2106

January 29, 2016

January 31, 2016
 
 
 
 
 
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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