Series 66 Exam Prep Practice Test 2 TestGeek EXPLICATED

http://www.testgeekexamprep.com/ Guru20 is discount code for TestGeek.    • SERIES 66 INTRO JUNE 2020   Series 66 TestGeek intro Time stamps: 00:00 Introduction 4:04 Standard deviation 5:00 Beta 6:07 Time value of money 6:50 Arithmetic mean 7:43 Negative correlation 8:49 Efficient market hypothesis 9:40 Modern portfolio theory and the efficient frontier 10:18 Treasury bond 11:42 Price of a bond based on yields relationship 13:13 Volatility of bonds with interest rates 14:39 For profit or income sell the option contract 16:00 For protection buy the option contract 16:53 Capital needs analysis 18:20 Market maker 20:20 American style exercise versus European style exercise 20:52 Forms of business ownership 22:00 Present value 22:30 Bottom up fundamental analysis 23:13 Renewal date for registrations is December 31 23:52 Entire universe of selections 24:41 Federally covered Investment Advisor Representative 26:22 State covered investment advisor 27:33 Federally covered investment advisor 28:41 Regulatory risk 29:55 Covered call 30:14 8K 31:20 Total return 32:20 Federally covered investment advisor 32:56 Customer orders are filled first 34:50 Parties with adverse interest to a pension plan 35:43 Index fund 37:06 Foreign stock for diversification through negative correlation 38:22 Surrender of whole life policy 39:06 Policy loan 39:36 Tax efficiency of an index fund 39:50 Opportunity cost 40:45 Referral to accountant or attorney 41:50 Head of household 42:08 Money market 42:55 Modern portfolio theory 43:42 What is and is not a sale under the Uniform Securities Act 44:38 Time horizon of the retirement portfolio 45:31 Third party solicitor 46:50 Future cash flow from a bond 47:27 What is not a person under the Uniform Securities Act 47:50 Agent of a broker/dealer 48:28 Equity index annuity 49:40 Trustees as fiduciary 50:50 Efficient market hypothesis 51:16 S corporation and a general partnership 52:17 Registering a mutual fund with the SEC 52:38 Internal rate of return 53:14 ABC test 53:50 Purpose of tangible assets in diversification 54:12 Renewal of registrations is December 31 54:48 Notification if below net worth requirement 55:20 IAR of federally covered IA registers in state if they office in state 56:49 IAR as trustee 57:15 Agent of broker/dealer 58:15 Net capital of broker/dealer 58:55 Net worth of home state 59:18 Federally cover IA 59:57 Unethical behavior 1:01:04 Agent of the issuer 1:02:15 IAR of federally covered IA 1:03:04 Soft dollar compensation 1:04:36 No guaranteed returns 1:08:15 Prepayment of fees 1:07:55 Exempt transactions 1:07:55 Less than 3o seconds 1:08:38 Email communications 1:09:33 Present value 1:10 Sell stop 1:11:00 Mean, median. mode 1:12:18 Investment Policy Statement ERISA 1:13:26 Educate customer about recommendation 1:14:34 Liquidation in bankruptcy 1:15:05 Remainderman 1:15:27 Exempt transaction if sold to institutional investor 1:15:58 Life only provides largest monthly payment 1:16:27 Delivery of brochure and free look 1:17: 00 Agent of the issuer 1:17:28 Material non public information 1:17:44 Assignment of investment advisory contracts require client consent 1:18:38 Third party instructions 1:19:24 borrowing from customers 1:20:12 Balance sheet calculations 1:20:57 Splitting commissions 1:21:34 LLC versus S corporation 1:23:00 After tax funding of a non-qualified retirement plan 1:23:18 Unsuitable for IRA 1:23:56 Receipt of a third-party check 1:25:02 Time value of money 1:25:40 Investment policy statement 1:26:02 Testamentary trust 1:26:21 Client statement of cash flow 1:26:41 Step up of cost basis 1:27:45 Value investment style 1:28:05 Balance sheet calculations