HAVE YOU HEARD OF PRIME BANK INVESTMENTS? KNOW ABOUT THEM FOR THE SERIES 66 EXAM!

Going into the Series 66 exam, make sure you are familiar with prime bank investments. They are the subject of a popular scam, aimed especially at seniors and others with little investment experience.

Here is what Bob Eder says in his book Study for the Series 65 Exam:

1.               " There is no such thing as "prime bank investments." It is a well-known and wide-spread scam. Do a favor to the investing public if ever someone offers you prime bank investments report the scheme to your state’s securities administrator. Fraudsters try to portray prime bank investments as a way for the little guy to participate in the huge earnings of money-center banks. But this portrayal is complete nonsense."

Bob Eder's Study for the Series 66 Exam includes a full treatment of  ethical practices and prohibited scams, such as prime bank investments, in its Chapter 16, "Ethical Practices and Fiduciary Obligations," pages 257 to 291.

Study for the Series 66 Exam is available from Amazon in either paperback or Kindle e-book versions. Here is a link to Bob Eder's book on Amazon.

If you decide to purchase Study for the Series 66 Exam in paperback, Amazon offers the e-book version as a companion for a special price of $2.99.

Here is a link to NASAA's Content Outline for the Series 66 exam. See especially Section IV (H) for the Series 66's inclusion of questions on ethical practices.


Bob Eder received his Juris Doctor (J.D.) degree from the University of Utah, Quinney College of Law, in 2001. He is a member of the Utah State Bar, currently on inactive status.

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