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

"Thanks! I just passed my Series 26 exam. Your material really helped!  

-Kevin Chambers

 
 
 
 
 

Question: Member firms that execute investment company transactions for their customers must transmit payments to underwriters, investment companies or their designated agents by the later of: the end of the _______business day after receiving a customer's order or the end of _________ after receiving a customer's payment for such shares.

Answers:
A. seventh, 3 business days
B. second, 1 business day
C. third, 1 business day
D. fifth, 3 business days

Correct Answer: C. third, 1 business day

Rationale: ember firms that execute investment company transactions for their customers must transmit payments to underwriters, investment companies or their designated agents by the later of: the end of the third business day after receiving a customer's order or the end of 1 business day after receiving a customer's payment for such shares.

Congratulations to Janet K., this month's Study Question of the Month winner!

The April Study Question of the Month has been posted. See our blog and submit your answer to info@solomonexamprep.com to be entered to win a $10 Starbucks gift card.
 
 
 
 
 

MSRB Rule G-20 limits broker-dealers from giving gifts worth more than $100, if the gift is given in relation to municipal securities activities.  Effective May 6, 2016, this rule extends to municipal advisors and their associated persons.
 
 
 
 
 

MSRB Rule G-18, effective March 21, 2016, establishes a best-execution rule for municipal security transactions.  The rule requires brokers and dealers to make reasonable efforts to find as favorable a price as possible for a customer’s transaction, given the prevailing conditions of the market. G-18 is comparable to FINRA Rule 5310, though it is designed specifically to meet the needs of the municipal securities market.
 
 
 
Video Lecture: Series 24 - Investment Banking: Exempt Offerings and Transactions
SAMPLE
 
 
 
FINRA, MSRB & NASAA Updates
 
 
 
 
March 8, 2016


March 15, 2016

March 21, 2016

March 23, 2016


March 31, 2016
 
 
 
 
 
Other News
 
 
 
 
 
 
 
 
 
SEC Updates
 
 
 
 
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March 8, 2016

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Solomon Exam Prep
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