STUDY FOR THE SERIES 66 EXAM

Taking the Series 66 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. Here is the link to NASAA's Test Specifications   for the Series 66 Exam . See Section III (J) (1) covering Regular-Way Settlement. Bob Eder discusses  Regular-Way Settlement in his  Study for the Series 66 Exam . Study for the Series 66 Exam  i s available from Amazon in both paperback and Kindle e-book versions.  Here is the link to Bob Eder's Series 66 book on Amazon .   For questions about Bob Eder...

Here's an interesting release from the SEC on penalizing five investment advisory firms for violations of the Marketing Rule. All five investment advisers published hypotheticals on their websites " without adopting and implementing policies and procedures reasonably designed to ensure that the hypothetical performance was relevant to the likely financial situation and investment objectives of each advertisements intended audience, as required by the Marketing Rule. "  One advisory firm was also penalized for " including false and misleading statements in advertisements, advertising misleading model performance, being unable to substantiate performance shown in its advertisements, and failing to enter into written agreements with people it compensated for endorsements. " FOR IMMEDIATE RELEASE 2024-46 Washington D.C., April 12, 2024 — The Securities and Exchange Commission today announced settled charges against five registered investment advisers for Marketing R...