STUDY FOR THE SERIES 66 EXAM

If you plan on sitting for the Series 66 Exam, be aware that the Series 66 asks questions on characteristics and risks of Alternate Investments, including Structured Products. How do I know this? I know this because NASAA's Test Specifications for the Series 66 includes Section II (E) (1-5) which spells out the Alternate Investments  including Structured Products  that are likely to appear on your test. Bob Eder in his Study for the Series 66 Exam devotes Chapter 6 to a discussion of Alternate Investments including Structured Products. Here is a sample of what Bob Eder says in his book: Structured Products                                                                ...

The Series 66 covers the subject of alternative investments. These include exchange-traded notes, (ETN's), leveraged funds, inverse funds, structured products, and viatical/life settlements. Before sitting for the Series 66 exam, Bob Eder advises applicants to study these alternative investments, including their characteristics, risks, and uses. Bob Eder's  Study for the Series 66 Exam  includes a full treatment of alternative investments, in its Chapter 6, "Alternative Investments," pages 65 to 83. 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 . Here is a link to NASAA's Content Outline for the Series 66 exam.  See especially Section II (E) for the Series 66's inclusion of questions on alternative investments. 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 ...

If you are planning to take the Series 66 Exam, be careful to study carefully the topic of alternate investments. Under Section II (E) of NASAA's Study Outline for the Series 66 , here's what is listed: Characteristics, Risks, and Application of Alternative Investments 1.  exchange traded notes 2. leveraged funds 3. inverse funds 4. structured products 5. viatical/life settlements Note the presence of exchange-traded notes (ETN's). You might be unfamiliar with how these ETN's are set up, and what they entail. Above all, be sure you can enumerate the differences between ETN's and ETF's (exchange-traded funds). Bob Eder's book, Study for the Series 66 Exam, goes into detail on the differences, and covers much much more. Study for the Series 66 Exam is available at Amazon in either paperback or Kindle e-book versions. Here is a link to Bob Eder's book on Amazon.