دانلود کتاب Securities Industry Essentials Exam For Dummies with Online Practice Tests, 2nd Edition

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Title Page
Copyright Page
Table of Contents
Introduction
About This Book
Foolish Assumptions
Icons Used in This Book
Beyond the Book
Where to Go from Here
Part 1 Getting Started with the SIE Exam
Chapter 1 Introducing the SIE (Securities Industry Essentials) Exam
What Is the SIE Exam, Anyway?
Profiling the SIE Exam-Taker
One’s Not Enough: Tackling the Co-Requisite Exams
Series 6: Investment Company and Variable Products Representative Exam
Series 7: General Securities Representative Exam
Series 22: DPP Representative Exam
Series 57: Securities Trader Exam
Series 79: Investment Banking Representative Exam
Series 82: Private Securities Offerings Representative Exam
Series 7 + Series 86 + Series 87: Research Analyst Exam
Series 99: Operations Professional Exam
Signing Up
Filling out an application to enroll
It’s a date! Scheduling your exam
Planning ahead for special accommodations
Just in case: Cancelling as an option
Taking a Peek at the Tested Topics
Understanding the Exam Format and Other Exam Details
Reviewing the exam basics
Practicing on ten additional trial questions
Mastering the computerized format and features
Viewing exhibits
Instant gratification: Receiving and evaluating your score
Chapter 2 Preparing for the SIE Exam
Courses and Training Materials: Determining the Best Way to Study
Back to school: Attending a prep course
Selecting prep material to study on your own
Managing Your Study Time Wisely
Blocking out some time to study
It’s a plan: Getting into a study routine
Give it a rest: Taking short breaks
Staying focused from day to day
Devoting time to practice tests
Avoiding study groups
Staying in shape
Exploring Study Strategies
Developing Solid Test-Taking Skills
Read the question carefully
Look for phrases that lead to the topic tested
Work with what you have
Don’t obsess; mark for review
Keep track of time
Master the process of elimination
Maintain your concentration
Think carefully before changing your answers
Use the scrap paper wisely
Knowing When You’re Ready
Chapter 3 Examining and Mastering Question Types
Familiarizing Yourself with Question Formats
Working with the straight shooters: The straightforward types
Encountering quirky questions with qualifiers
Roman hell: Complex multiple choice
Looking at exhibits: Diagram questions
Shredding the Questions: Tips and Tricks
Focusing on key information
Answer me this: Picking the correct answer
Don’t make the same mistake twice
Chapter 4 Surviving Test Day
Composing Yourself the Day Before
Making the Most of the Morning
Arriving on the Scene
Taking advantage of one last chance to cram
Signing in
Getting seated
Tackling the SIE
Getting the Results: Drum Roll, Please . . .
Part 2 Mastering Basic Security Investments
Chapter 5 Underwriting Securities
Bringing New Issues to the Market
Starting out: What the issuer does
Role call: Introducing the team players
Getting the skinny on the issue and issuer: The prospectus
Counting the securities along the way
Getting Up to Speed on the Types of Securities Offerings
Reviewing Exemptions
Exempt securities
Exempt transactions
Testing Your Knowledge
Answers and Explanations
Chapter 6 Corporate Ownership: Equity Securities
Beginning with the Basics: Common Stock
Understanding a stockholder’s voting rights
Categorizing shares corporations can sell
Considering the par value of common stock
Corporate actions
Splitting common stock
Sharing corporate profits through dividends
Getting Preferential Treatment: Preferred Stock
Considering characteristics of preferred stock
Getting familiar with types of preferred stock
Securities with a Twist
Opening national borders: ADRs
Rights: The right to buy new shares at a discount
Warrants: The right to buy stock at a fixed price
Testing Your Knowledge
Answers and Explanations
Chapter 7 Debt Securities: Corporate and U.S. Government Loans
Tackling Bond Terms, Types, and Traits
Remembering bond terminology
Following bond issue and maturity schedules
Comparing secured and unsecured bonds
Making Basic Bond Price and Yield Calculations
Nominal yield (coupon rate)
Current yield
Yield to maturity (basis)
Yield to call
Yield to worst
Total return
Basis point
Determining the Best Investment: Comparing Bonds
Considering bond credit ratings
Contrasting callable and put bonds
Popping the top on convertible bonds
Exploring U.S. Government Securities
Understanding the types of U.S. government securities
Looking at agency securities
Playing It Safe: Short-Term Loans or Money Market Instruments
Testing Your Knowledge
Answers and Explanations
Chapter 8 Municipal Bonds: Local Government Securities
General Obligation Bonds: Backing Bonds with Taxes
General characteristics of GOs
Analyzing GO bonds
Dealing with Revenue Bonds: Raising Money for Utilities and Such
General characteristics of revenue bonds
Analyzing revenue bonds
The Primary Market: Bringing New Municipal Bonds to Market
Allocation of orders
Definitions for new issues
Examining Other Types of Municipal Bonds on the Test
Taxable Municipal Bonds
Don’t Forget Municipal Notes!
Municipal Fund Securities
Section 529 plans
ABLE accounts
Local Government Investment Pools
Understanding the Taxes on Municipal Bonds
Comparing municipal and corporate bonds equally
Scot-free! Taking a look at triple tax-free municipal bonds
Following Municipal Bond Rules
Confirmations
Advertising and record keeping
Gifts
Commissions
Gathering Municipal Bond Info
The bond resolution (indenture)
Legal opinion
Official statement
“G” That’s a Whole Lot of Rules
Testing Your Knowledge
Answers and Explanations
Part 3 Delving Deeper: Security Investments with a Twist
Chapter 9 Delivering Diversification with Packaged Securities
Looking at Investment Company Registration
Diversifying through Management Investment Companies
Comparing open- and closed-end funds
Keeping your customer’s investment objectives in mind
Dealing with discounts
Figuring the sales charge and public offering price of open-end funds
Considering Other Investment Company Options
Face-amount certificate companies
Unit investment trusts (UITs)
Exchange-traded products (ETPs)
Investment company rules 17a-6 and 17a-7
Adding Annuities to a Portfolio
Looking at fixed annuities
Checking out variable annuities
Putting money into (and receiving money from) annuities
Exploring Variable Life and Variable Universal Life Insurance
Testing Your Knowledge
Answers and Explanations
Chapter 10 Working with Direct Participation Programs and REITs
Searching for Identity: What DPPs Are (and Aren’t)
The DPP Characters: General and Limited Partners
Pushing through Partnership Paperwork
Partnership agreement
Certificate of limited partnership
Subscription agreement
Passive Income and Losses: Looking at Taxes on Partnerships
Evaluating Direct Participation Programs
Checking Out Types of Partnerships
Building on real-estate partnership info
Gearing up with equipment leasing
Strengthening your grasp on oil and gas
Reducing Real-Estate Risk with REITs
Private (private placement) REITs
Registered non-listed REITs
Listed REITs
Testing Your Knowledge
Answers and Explanations
Chapter 11 Options: The Right to Buy or Sell at a Fixed Price
Brushing Up on Option Basics
Reading an option
Looking at call options: The right to buy
Checking out put options: The right to sell
Getting your money back: Options in-, at-, or out-of-the-money
Paying the premium: The cost of an option
Incorporating Standard Option Math
Calls same: Buying or selling call options
Puts switch: Buying or selling put options
Trading options: Opening and closing transactions
Gaining Additional Option Info
Clearing through the OCC
That’s ODD: Options risk disclosure document
Getting the go-ahead: Registered options principal
Options account agreement
Order ticket
Last trade, last exercise, and expiration of an option
Exercise and assignment
Additional definitions
Some additional option rules
Testing Your Knowledge
Answers and Explanations
Part 4 Playing Nicely: Serving Your Customers and Following the Rules
Chapter 12 Serving Your Customers: Customer Accounts
Following Protocol When Opening Accounts
Filing the facts on the new account form
Selecting the appropriate type of account
Investment advisers
Cash or margin?
Getting Margin Paperwork Out of the Way
Introducing Long and Short Margin Accounts
Playing by the Federal Reserve Board’s Rules
Regulation T
Margin call
Opening a Margin Account: The Initial Requirements
Starting long accounts
Opening short accounts
Obeying the Telephone Act of 1991
Testing Your Knowledge
Answers and Explanations
Chapter 13 Doing a Little Market Research: Securities Analysis
Knowing Your Securities and Markets: Securities Analysis
Regarding risk
Mitigation of risk
Deciding what to buy: Fundamental analysis
Deciding when to buy: Technical analysis
Following the Green: Money Supply
Influencing the money supply
Opening the Federal Reserve Board’s toolbox
Reading Economic Indicators
Leading indicators
Coincident (coincidental) indicators
Lagging indicators
GDP versus GNP
How Economic Factors Affect Securities
Cyclical
Defensive
Growth
Principal Economic Theories
Keynesian (demand side)
Supply side (Reaganomics)
Monetarist
Testing Your Knowledge
Answers and Explanations
Chapter 14 Going to Market: Orders and Trades
Shopping at Primary and Secondary Markets
Buying new in the primary market
Buying used in the secondary market
Making the Trade
Auctioning securities at securities exchanges
Negotiating trades over-the-counter
Understanding the Role of a Broker-Dealer
Introducing broker (IB)
Clearing (carrying) broker
Prime broker
Receiving Orders from Customers
Talking about order types
Factoring in order features
Looking at Market Participants
Retail investors
Accredited investors
Institutional investors
Testing Your Knowledge
Answers and Explanations
Chapter 15 Making Sure the IRS Gets Its Share
Everything in Its Place: Checking Out Tax and Income Categories
Touring the tax categories
Looking at types of income
Noting Taxes on Investments
Interest income
Dividends
At the sale: Capital gains and losses
Exploring Retirement Plan Tax Advantages
Qualified versus nonqualified plans
IRA types and contribution limits
401(k) and 403(b)
Testing Your Knowledge
Answers and Explanations
Chapter 16 No Fooling Around: Rules and Regulations
The Market Watchdogs: Securities Regulatory Organizations
The Securities and Exchange Commission
Self-regulatory organizations
Investor education and protection
State regulators
Department of the Treasury/IRS
FINRA Registration and Reporting Requirements
Disqualification
Fingerprints
Continuing education
Resignation and termination
Associated persons exempt from registration
Reporting requirements
Trading by the Book When the Account Is Open
Filling out an order ticket
Checking your calendar: Payment and settlement dates
Regulation S-P
Confirming a trade
Financial exploitation of specified adults
Borrowing from or lending to . . .
Following up with account statements
Keeping your dividend dates straight
Handling complaints
Retail communications
Record keeping
Committing Other Important Rules to Memory
Sticking to the 5 percent markup policy
Avoiding violations
Following the money: Anti-money- laundering rules
AML compliance program
Insider trading rules
The Investor’s Bankruptcy Shield: FDIC and SIPC
Holding a customer’s mail
Business continuity plans and emergency contact information
Testing Your Knowledge
Answers and Explanations
Part 5 Putting Your Knowledge to Good Use: Practice Exams
Chapter 17 Bring It On: Practice Exam 1
Practice Exam Answer Sheet
Chapter 18 Answers & Explanations to Practice Exam 1
Making the Grade
Answer Key for Practice Exam 1
Chapter 19 Nothing But Net: Practice Exam 2
Practice Exam Part 2 Answer Sheet
Chapter 20 Answers & Explanations to Practice Exam 2
Knowing the Score
Answer Key for Practice Exam 2
Part 6 The Part of Tens
Chapter 21 Ten SIE Exam Traps to Avoid
Easing Up on the Studying
Assuming the Question’s Intent
Reading into the Question
Becoming Distracted When Others Finish
Not Dressing for Comfort
Forgetting to Breathe
Trying to Work Out Equations in Your Head Instead of Writing Them Down
Spending Too Much Time on One Question
Changing Your Answers for the Wrong Reasons
Calculating Your Final Score Prematurely
Chapter 22 Ten Ways to Start Your Career Off Right
Win at the Numbers Game
Be an Apprentice
Do Your Homework
Treat the Minnow like a Whale
Smile When You Dial
When a Security Falls, Don’t Be a Stranger
Put In the Hours
Broaden Your Horizons
Pay Yourself First
Set Some Goals: The Brass Ring
Index
EULA