KNOW AND STUDY THE SEC RULE ON INVESTMENT ADVISER MARKETING FOR THE SERIES 66 EXAM

 If you plan to sit for the Series 66 exam, make sure that you are using a study guide or manual that contains information on the SEC Rule regarding Investment Adviser Marketing. NASAA tells test applicants that it has added this subject to its Series 66 Content Outline and Test Specifications.

Bob Eder has detailed material on the SEC Marketing Rule for Investment Advisers on pages 291-292 of his Study for the Series 66 Exam. 

Here's an example of Bob Eder's description of using testimonials in investment adviser marketing:

Testimonials                                                                                                   IV(G)(5)

Testimonials require that there be disclosures whether the person giving the testimonial is a client, and whether the adviser pays compensation to the maker of the testimonial. The SEC requires that the adviser keep written records of supervising testimonials. The adviser must also enter into a written agreement or written contract with the person giving the testimonial, (called the "promoter"), unless the compensation given is de minimis, i.e., $1,000 or less.

Here is the link to NASAA's Content Outline and Test Specifications for the Series 66 exam. 

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

For questions about Bob Eder's Series 66 study manual, Study for the Series 66 Exam, or questions in general about the Series 66 exam, such as questions about the SEC Rule on Investment Adviser Marketing, feel free to email Bob Eder at bobeder@bobeder.net.

Bob Eder received his Juris Doctor (J.D.) degree from the University of Utah, Quinney College of Law, in 2001. See Bob Eder's Author Page on Amazon.com.