Study for the Series 6 Exam

FINRA publishes a Content Outline for the Series 6 Exam that lists the subject matter for test questions. Included are Privacy Regulations regarding financial information received from customers and clients. See Section 2.2 of FINRA's Content Outline. Thus a representative must not disclose details about a customer's account or financial position or history. This information is confidential and may not be disclosed, absent a court order. Candidates for the Series 6 license must prepare themselves to answer questions about Privacy Regulations, including when a customer may opt out from allowing a brokerage firm to share confidential customer information with related affiliates. Bob Eder covers Privacy Regulations in detail in his Study for the Series 6 Exam . Here is a sample of Bob Eder's treatment: "Safeguarding Privacy of Customers                                                (2.2) "Regulation S-P                                                                

The Series 6 Exam asks questions regarding Options and their Characteristics. FINRA's Content Outline for the SIE Exam includes Options in Section 3.2, and Option Characteristics, such as when options are "in-the-money," "out-of-the-money," or "at-the-money." Bob Eder discusses Options and their Characteristics in his  Study for the Series 6 Exam . Here is a sample of Bob Eder's treatment: "When Options Are "In the Money" (3.2) A call option is in-the-money when the stock price is above the strike price of the call. A put option is in-the-money when the stock price is below the strike price of the put. "EXAMPLE #1 Johnny purchases three calls XYZ June 60 for three when XYZ stock is at 62. This call is in the money because the stock price (62) is higher than the strike price of XYZ call (60).   "EXAMPLE #2 Joan purchases one put ABC Aug 50 for four when ABC stock is at 49. This put is in the money because ABC stock price (49

Okay, so you are becoming licensed as a Series 6 representative. Before you may open a new account, you must first obtain important information about that customer. This gathering of information is required by the U.S. Patriot Act to prevent criminal money laundering and/or tax avoidance. In accord with the Patriot Act, the U.S. Treasury and the SEC have established a Customer Identification Program (CIP) that controls brokers when opening new accounts. FINRA's Content Outline for the Series 6 Exam includes customer screening and customer identification program in Section 2.2. Series 6 candidates, therefore, should expect to see questions on these topics on the test. Bob Eder covers these rules in detail in his Study for the Series 6 Exam . Here is a sample of Bob Eder's treatment: "Required Customer Information (2.2)" "Every brokerage firm must assure that its representatives obtain identifying information about a new customer before opening an account for tha