Study for the Series 6 Exam

Taking the Series 6 in the near future? If so, then you should know that the SEC has changed the rules governing Regular-Way Settlement from two business days to only one business day.  Regular-Way Settlement  will be T+1, not T+2. The effective date of this rule change is one week from tomorrow, or May 28, 2024. Furthermore, the rules of the Fed for payment in both cash and margin accounts now becomes three business days following trade date, or T+3. The former Fed rule was T+4. Make sure that you know these new rules. Regular-Way Settlement is important for those planning to sit for the Series 6 Exam. FINRA publishes a Content Outline for the   Series 6 , and you can find the provisions of Regular-Way Settlement in Section IV (4.1) Study for the  Series 6  Exam  is available from Amazon in both paperback and Kindle e-book versions.  Here is the link to Bob Eder's  Study for the Series 6 Exam  on Amazon . See   Bob Eder's Author Page ...

Plan on taking the Series 6 Exam? Yes? Then be prepared for questions about requirements for advertising rankings of investment companies or mutual funds. Why do I say this? Answer—because FINRA's Content Outline for the Series 6 Exam includes Section 1.1 that requires knowledge of "product specific advertisements and disclosures on investment company products and variable contracts." FINRA Rule 2212 defines a "Ranking Company" as an entity not controlled by or affiliated with but independent of an investment company, and whose rankings are not ordered or paid for by the investment company. Or in other words, the Ranking Company has no ties to the investment company in any way. Therefore, the general rule is that a registered rep may not use or send out rankings of an investment company that are self-created or created by the investment company itself. Bob Eder in his Study for the Series 6 Exam talks about  Investment Company Performance Rankings  in his Chapt...