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

"Solomon Exam Prep was the ticket to passing my Series 26 test. I would like to thank you all for your help! I would highly recommend their study material for the FINRA exams."  -David H. Viar

 
 
 
 

Jon and Jenny are married. They each have an individual account and they have a joint account owned by both of them. What is the combined maximum SIPC coverage for all their accounts?

Answers:

A. $500,000

B. $1,000,000

C. $1,500,000

D. $750,000

Correct Answer: C. $1,500,000

Rationale: SIPC covers a maximum of $500,000 per “separate customer” at a broker-dealer or clearing firm including up to $250,000 in cash.Total coverage can be higher for multiple accounts if the accounts are considered to be held by separate customers. There are five categories of separate customers defined by SIPC. These categories include 1) individual accounts, 2) joint accounts, 3) accounts held by executors, administrators, and guardians/custodians/conservators (such as UGMA accounts), 4) accounts held by corporations, partnerships, or unincorporated associations, and 5) trust accounts. Thus, two individual accounts held by two different people, and one joint account would be considered three separate customers by the SIPC, and therefore subject to a maximum of $1,500,000 of coverage.

Submit your answer every month to info@solomonexamprep.com to be entered to win a $10 Starbucks gift card. This month's winner is Abe B.
 
 
 
 
​​Solomon Exam Prep has been publishing study materials for securities exams for over ten years. Keeping our materials up-to-date and constantly adding product offerings is just part of the reason why Solomon Exam Prep boasts a first-time pass rate of 92% across all exams with thousands of happy customers. (Read More)

To promote these new Study Guides we are offering an additional 10% discount on all Series 6, Series 7, and Series 65 Study Packages until March 1, 2015. Just use coupon code NEWGUIDE10 at checkout to claim these savings.
 
 
 
 
 
SEC Updates
 
 
 
 
January 8, 2015

January 12, 2015

January 13, 2015

January 13, 2015

January 13, 2015

January 14, 2015

January 15, 2015

January 15, 2015

January 21, 2015

January 21, 2015

January 21, 2015

January 22, 2015

January 28, 2015

January 29, 2015

January 29, 2015
 
 
 
 
 
FINRA Updates
 
 
 
 
December 29, 2014

January 6, 2015

January 9, 2015

January 14, 2015

January 30, 2015
 
 
 
 
 
Other Updates
 
 
 
 
January 22, 2015
 
 
 
 
 
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