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Series 66 Study Questions

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Series 66 Study Questions differences between static and interactive content on social media - ✔✔only static content needs pre-approval only interactive content can be commented on by others U ... nder the uniform securities act, the administrator is required to provide which of the following in a disciplinary proceeding? I. Appropriate prior notice II. Opportunity for a hearing III. written findings of fact and conclusion of law - ✔✔I, II, and III. A registered IA recommends a stock that will be sold to an advisory client in a principal transaction. The broker-dealer that will sell the stock is also registered as an investment adviser and employs the IA as an agent. This transaction: A. requires both written disclosure to and the consent of the client prior to completion of the transaction B. is prohibited C. requires the consent of the client D. requires written disclosure of the client - ✔✔A. ; under normal circumstances when the a BD acts as a principal in a trade, the face it noted on the confirmation. However, in this case, because it is an IA who is recommending the transaction, both written disclosure by the adviser and consent by the client are required prior to completion of the transaction. Which of the following investment analysis tools can be used most efficiently to predict the probability of outcomes of portfolio performance recognizing that variables such as holding periods and rates of return are generally uncertain - ✔✔Monte Carlo analysis. This analysis uses simulations to predict the probability of portfolio performances in light of multiple and uncertain variable conditions What do technical analysis, fundamental analysis and the efficient market hypothesis focus on? - ✔✔Technical analysis = price patterns Fundamental analysis: economic, industry, and business conditions efficient market hypothesis: argues that analysis itself has little, if any, value Life insurance companies offer many different products. Which of the following would NOT be considered a security I. index annuity II. modified endowment III. Variable annuity IV. Varible life - ✔✔I & II. Any insurance product that includes the world variable, is a security. advantages of using the partnership form of business organization include - ✔✔Ease of dissolution. Partnerships are easy to form and dissolve. They are NOT practical for raising large sums of capital as are corporations. General partners have full personal liability and partnership agreements specify events that will lead to the termination of the entity in the formula for determining the real rate of return, the: - ✔✔Real rate of return represents inflation-adjusted compounding (or discounting). the inflation rate is subtracted from the investment return [Show More]

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