Series 7 Guru
Series 7 Guru
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Clearing Firm versus Introducing Firm - SIE Exam "Ask the Series 7 Guru" Every Tuesday.
ua-cam.com/play/PLK1IazV_JQbFJnfNHnR4FSbMwTtjznByP.html&si=OZjaVz_nK8HQuHaC
To clear a trade a broker/dealer needs the following four departments: Order Department, Purchase and Sales Department, Margin Department, and a Cashiering Department.
The flow of an order through a clearing firm
1. Order department transmits the order to the appropriate market center for execution.
2. Purchase and Sales Department generates confirmations and matches trades.
3. Margin Department determines whether monies and securities are due.
4. Cashiering department takes delivery of monies and securities.
Introducing firms do not have these departments. They introduce their clients to a clearing firm. This relationship is "fully disclosed" to the customers. For example, on customer statements: "Newport Securities as introduced to National Financial"
Переглядів: 68

Відео

SIE Exam Shared Screen Practice Test
SIE Exam Shared Screen Practice Test
Fundamental Analysis - The Balance Sheet and the Income Statement. Series 7 and Series 65/66 Exams
Переглядів 1952 години тому
Classical balance sheet equation, working capital, current ratio, quick or acid test ratio. debt to total capitalization, book value, PE ratio, dividend payout ratio
Series 63 Shared Screen Practice Test
Переглядів 2004 години тому
Series 63 Exam Lectures, Practice Tests and Questions: ua-cam.com/play/PLK1IazV_JQbEjys_jUR3yDuTnsP_tc7Rb.html
Random Distribution from a Variable Annuity is Last In First Out (LIFO). Series 7/65/66 Exams
Переглядів 1104 години тому
Because this is a nonqualified annuity (with no tax deduction), the client pays taxes only on the growth portion or, in this case, $10,000. The tax on this amount is $3,000. However, because the client is not yet age 59½ when making the withdrawal, he also pays a 10% tax penalty, or $1,000. This makes a total of $4,000 tax and tax penalty paid on the random withdrawal
Calculating the PE Ratio. Testable on the Series 7 Exam, Series 65 Exam and Series 66 Exam.
Переглядів 1344 години тому
The price-to-earnings ratio (P/E) is only calculated on the common stock, never the preferred. The P/E ratio is the current market price ($45) divided by the earnings per share ($3). That works out to a 15:1 ratio. Although we do know the current yield on the preferred stock (we assume they are paying the dividend) is 5%, we have no idea what the yield is on the common stock because no indicati...
Dual Class Voting - "Supervoters!" Series 7 Exam Prep
Переглядів 68919 годин тому
Ask the Series 7 Guru Every Week. On Spotify too!: ua-cam.com/play/PLK1IazV_JQbFJnfNHnR4FSbMwTtjznByP.html The "supervoters," as some call them, are typically company founders and management, though the ranks of the supervoter might also include employees and pre-IPO investors. The dual-class structure allows them to exercise disproportionate control over the company by allowing multiple votes ...
Series 7 Exam Option Contracts Tutoring Replay
Переглядів 67721 годину тому
ua-cam.com/play/PLK1IazV_JQbGBFN_057lrP7UPrYlIRejC.html&si=ihZ12Fwzd6ydMb8v
"I would like to Hypothecate my Rolex". Margin Account Documentation. SIE Exam & Series 7 Exam
Переглядів 317День тому
ua-cam.com/video/YCjbZvkqBVI/v-deo.htmlsi=E2jtk9lO0Uj59XFu Additional documentation for a margin account 1. Credit agreement MANDATORY! Borrowing money from the broker/dealer. Interest rate is based on broker call. Broker call is what naks charge broker/dealers for money. 2. Hypothecation agreement MANDATORY! Pledging securities as the collateral for the loan. Securities will be in "street name...
All My Ex's Live in Texas! Ex Rights, Ex Legal, Ex Dividend Date. SIE Exam & Series 7 Exam
Переглядів 1,1 тис.14 днів тому
ua-cam.com/video/8vtOA9CxJgg/v-deo.htmlsi=rPbqJWKVPUqZeCBt ua-cam.com/video/HRlcuetItyU/v-deo.htmlsi=LkdRo9aQVqsJNgBO What is the Ex-Date? The first date on which the stock no longer trades with the dividend attached. When is the Ex-Date? SAME DAY as the Record Date. The Ex-Date is NOT set by the Board of Directors! It is a function of the Unform Practice Code (U.P.C.) which standardizes tradin...
Series 65 Kaplan Shared Screen Explicated Practice Test 3
Переглядів 80314 днів тому
ua-cam.com/play/PLK1IazV_JQbGn7K_gBAD_TWW_TLrlRxA5.html&si=gR4AQSgyWRjf41-2 ua-cam.com/play/PLK1IazV_JQbGcCzhpL_drwAF9c20utS13.html&si=tTRm8Z3pIb3IUq6e ua-cam.com/play/PLK1IazV_JQbEKhC3iQqzTRfXuWNpE3p_e.html&si=eBqdU4Mj5O8pTn6V
Series 27/28 Trial Balance Review Tutoring Replay
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Series 27/28 Trial Balance Review Tutoring Replay
Series 24 Exam Financial and Operational Responsibility Tutoring Replay
Series 24 Exam Financial and Operational Responsibility Tutoring Replay
Types of Investment Risk Series 65/66 Exam Tutoring Replay
Types of Investment Risk Series 65/66 Exam Tutoring Replay
Series 7 Exam Basic Option Strategies and Hedging Strategies Tutoring Replay
Series 7 Exam Basic Option Strategies and Hedging Strategies Tutoring Replay
T +1 Settlement Change Sample Questions. SIE Exam Prep and Series 7 Exam Prep
Переглядів 4,8 тис.21 день тому
T 1 Settlement Change Sample Questions. SIE Exam Prep and Series 7 Exam Prep
Remediation Recommendations
Переглядів 21721 день тому
Remediation Recommendations
Ex Date First Date on Which Stock No Longer Trades with the Dividend
Переглядів 19921 день тому
Ex Date First Date on Which Stock No Longer Trades with the Dividend
Settlement Date Change Update!
Переглядів 39921 день тому
Settlement Date Change Update!
Sell Short @ $75. Mark to Market @ $90. What is the Equity? Series 7 Exam Prep
Переглядів 16621 день тому
Sell Short @ $75. Mark to Market @ $90. What is the Equity? Series 7 Exam Prep
Figuring out the Selling Concession in a Muni Underwriting Spread. Series 7 Exam Prep
Переглядів 15921 день тому
Figuring out the Selling Concession in a Muni Underwriting Spread. Series 7 Exam Prep
Calculating Total Return. Series 65 Exam and Series 66 Exam Prep
Переглядів 28621 день тому
Calculating Total Return. Series 65 Exam and Series 66 Exam Prep
Short Straddle Close Out. What is the gain or loss? Series 7 Exam Prep
Переглядів 22921 день тому
Short Straddle Close Out. What is the gain or loss? Series 7 Exam Prep
STC Series 7 Exam Shared Screen Practice Test. Another Free Ride. Hit pause, answer, hit play.
Переглядів 2 тис.28 днів тому
STC Series 7 Exam Shared Screen Practice Test. Another Free Ride. Hit pause, answer, hit play.
Settlement Changes T + 1 for Corporate and Municipal Securities
Переглядів 531Місяць тому
Settlement Changes T 1 for Corporate and Municipal Securities
If a Customer Pays in Full What is the SMA? Series 7 Exam Prep
Переглядів 193Місяць тому
If a Customer Pays in Full What is the SMA? Series 7 Exam Prep
Convert into the Common or Accept the Call? Series 7 Exam Prep
Переглядів 281Місяць тому
Convert into the Common or Accept the Call? Series 7 Exam Prep
Short Straddle Different Strike Prices (Combination). Max Gain & Loss, Breakevens. Series 7 Exam
Переглядів 129Місяць тому
Short Straddle Different Strike Prices (Combination). Max Gain & Loss, Breakevens. Series 7 Exam
Technical Analysis for Four Different Series Exams
Переглядів 171Місяць тому
Technical Analysis for Four Different Series Exams
Advanced Option Strategies- Spreads and Straddles Class Replay. Series 7 Exam Prep
Переглядів 947Місяць тому
Advanced Option Strategies- Spreads and Straddles Class Replay. Series 7 Exam Prep

КОМЕНТАРІ

  • @shawn158
    @shawn158 2 години тому

    Just passed my series 7, 1st try. Thanks for the videos. They are really helpful and a nice compliment to my Kaplan study materials

    • @Series7Guru
      @Series7Guru Годину тому

      You are welcome. Glad you found them helpful. Always very gratifying when this channel contributes to test taking victories like yours. Kudos on your Series 7 testing victory!

  • @Virtues162
    @Virtues162 3 години тому

    When I execute trade on TD Ameritrade, it takes a second for the order to be filled. When you say a trade should pass through the four entities you mentioned before reaching the clearing house, do you mean it does so within the second I mentioned above. Could you please enlighten me? Many thanks as always!

    • @Series7Guru
      @Series7Guru 2 години тому

      Yes. That is the sequence even it is a milliseconds or nanosecond.

    • @Virtues162
      @Virtues162 2 години тому

      @@Series7Guru Many thanks the finance Guru __ is it safe to say that all the four sequences happen without human knowledge and participation? It is hardly possible to think, asses, pretty much to do anything within a nano second as a human!

    • @matthewleahey2007
      @matthewleahey2007 Годину тому

      Thank you Dean and Brian. My testing Journey is completed with the 66 done on 1st attempt. I used Brian’s Test Geek videos, quick notes and sample questions. It got me thru the finish line. Worth every $. You guys are amazing!

  • @davidvaluiskyi3936
    @davidvaluiskyi3936 4 години тому

    Just passed my Series 9 after listening to this video an hour before the test! Thank you @Series7Guru ! I have request. Could you make a separate playlist for Series 10 exam, please? This playlist is extensive and has 50 videos to go thru. It would be nice to have a separate S10 clean and exclusive playlist to watch while preparing for the exam. Thanks again for your help and videos!

    • @Series7Guru
      @Series7Guru 2 години тому

      Good suggestion. Been meaning to do that.

    • @davidvaluiskyi3936
      @davidvaluiskyi3936 Годину тому

      @@Series7Guru that would be fantastic! Thanks again 🙏

  • @Romo1096
    @Romo1096 6 годин тому

    Dean, just passed the 66 this morning. Your content was incredibly helpful and a huge part of my success on the SIE, 7, & 66. I really sincerely appreciate you putting this content on here. THANK YOU!!

    • @Series7Guru
      @Series7Guru 6 годин тому

      Kudos on completing your test taking/registration hat trick! Always very gratifying when this channel contributes to test taking victories like yours

  • @wsonly1693
    @wsonly1693 6 годин тому

    Passed my test this morning! Thank you so much dean! I watched your videos everyday including this one this morning. Was my third attempt. HIGHLY recommend people to watch as many follow along practice exams on deans channel and something I did different this 3rd time was take so many practice test questions leading up to my test until my brain fell out haha. We be coming back to the channel for 63 now.

  • @jakeszymanski7061
    @jakeszymanski7061 9 годин тому

    Great video brother!!!

  • @viceroyzephyrfish
    @viceroyzephyrfish 9 годин тому

    you guys probably get this all the time but you rock just passed the SIE first try 🙏🏻

    • @Series7Guru
      @Series7Guru 9 годин тому

      Kudos on your first testing victory! The journey of 3 and 0 begins with 1 and 0! What's your next testing victory? 6? 7?

  • @tampatart8156
    @tampatart8156 10 годин тому

    this video is a lifesaver! thanks!

  • @bumblebee1554
    @bumblebee1554 20 годин тому

    Question 21 you put. A when it was C

    • @Series7Guru
      @Series7Guru 15 годин тому

      Corrections are found in the video description

  • @StonedSatoshi
    @StonedSatoshi 23 години тому

    You got #20 wrong. They originally owned 5% of the company, so they have rights to 5% of the newly issued shares. So the answer is 100,000

    • @Series7Guru
      @Series7Guru 23 години тому

      I did not. The question didn't ask how many shares. It asked how many rights. For every share you receive a right. Different question is how many rights are needed to buy the additional shares to maintain proportionate ownership. You answered a question NOT asked! RTFQ!

  • @lyho2151
    @lyho2151 День тому

    I just passed my s63 hours ago. I watch your s63video & other combo videos several times, it really help giving context to all the definition & laws & regs I learn from the boring reading material! thank you so much gentlemen!

  • @Gem20ish
    @Gem20ish День тому

    "If you can't decide what to do, just divide. If you can't figure out what to divide, take the first number and divide by the second number" 🤣🤣🤣 Dean, you're a legend! I will come back to this comment as soon as I pass my series 66.

    • @Series7Guru
      @Series7Guru День тому

      Looking forward to it! Keep grindinh!

  • @jahyrarobinson5426
    @jahyrarobinson5426 День тому

    Just passed my SIE 3 hours ago. Wanted to say thank you for the help and the review!

    • @Series7Guru
      @Series7Guru День тому

      Kudos on your first testing victory! The journey of 3 and 0 begins with 1 and 0! Always very gratifying when this video contributes to test taking victories like yours. What's your next testing victory? 6? 7?

    • @jahyrarobinson5426
      @jahyrarobinson5426 День тому

      6 is next!

  • @danielplascencia2504
    @danielplascencia2504 День тому

    Fantastic headset dean

  • @Ziddz
    @Ziddz День тому

    Passed my series 7 today and watched this video before! This video helped me with multiple questions! Thank you!

    • @Series7Guru
      @Series7Guru День тому

      Kudos! Always very gratifying when this video contributes to test taking victories like yours.

  • @danielplascencia2504
    @danielplascencia2504 День тому

    great!

  • @gossdemontiel3432
    @gossdemontiel3432 День тому

    Came back to say THANK YOU!!!! I just passed my test, I failed my first try and that same day I found your channel 😅 great great job! 👏🏻

    • @Series7Guru
      @Series7Guru День тому

      Way to pass two tests! Your Series 63 and a test of your resiliency!

  • @jacksongulley1601
    @jacksongulley1601 День тому

    Hey Dean! Passed my Series 7 yesterday and SIE last month. Going for the 66 in late July/ early August. Thank you for all your help!

    • @Series7Guru
      @Series7Guru День тому

      Kudos!!!! See you on the 66 playlist!

  • @papajvn
    @papajvn День тому

    the price went 🆙🆙🆙 Dean got the adds now

  • @user-mu3lo6nx4b
    @user-mu3lo6nx4b День тому

    Hi Dean passed the series 7 yesterday your videos this one in particular were immensely helpful. Thanks for all that you do!

    • @Series7Guru
      @Series7Guru День тому

      Kudos! What's your next testing victory? 63? 66? Always very gratifying when my videos contribute to test taking victories like yours

    • @user-mu3lo6nx4b
      @user-mu3lo6nx4b День тому

      @@Series7Guru 66 is up next then the 9/10….long road to go 😂

  • @xrpkidotec520
    @xrpkidotec520 День тому

    Yooooo lets goooo!!!! Series 65 test candidate here. I failed once already 🙃

    • @Series7Guru
      @Series7Guru День тому

      You got this!

    • @xrpkidotec520
      @xrpkidotec520 День тому

      ​@Series7Guru thanks Dean after that or maybe even before I'll take the series 7. I know someone that works for CBOE and tells me to get the series 7. I really just want the series 65 to become an accredited investor. I would love to get into private equity. But my father is a real estate broker and he wants me to get my brokers license. He's growing old and needs help with his closings etc..... any personal advice for my situation with two kids, lol My goal is to get it all done but I Don't know where to focus. Am thinking real estate since my father's time horizon 🤔. Love your content brother thank you!

    • @Series7Guru
      @Series7Guru День тому

      @xrpkidotec520 you need be with a firm. A 65 alone does not make you an accredited investor

    • @xrpkidotec520
      @xrpkidotec520 День тому

      @@Series7Guru well can't I get a license to start my own family firm type deal...

    • @Series7Guru
      @Series7Guru День тому

      @xrpkidotec520 yes. You would need to set up an investment advisory firm

  • @ign_Kage
    @ign_Kage День тому

    Hey! I know this is a series 63 video but wanted to let you know that after a desperate attempt at poorly preparing for my 7, I was able to pass today! I give an insane amount of credit towards your videos! I only took one practice test on STC and failed it, and then I focused heavily on your options/suitability/equations/ and series 7 in 60 min videos. They greatly helped me. Onto the 66! And this video will surely be used too hahaha

  • @tanyaharris6667
    @tanyaharris6667 День тому

    Thanks Dean. These are very productive for me!

  • @davidwitte4862
    @davidwitte4862 2 дні тому

    Question ID - 1411048 : I thought an executor of an estate can only be an exempt transaction ... if it deals with a bankruptcy.

    • @Series7Guru
      @Series7Guru 2 дні тому

      Nope. Bankruptcy is not an executor. It is a trustee

  • @tydonaldson1533
    @tydonaldson1533 2 дні тому

    This is perfect because now I can study for the 63 after passing the 7!

  • @ameeliamartin
    @ameeliamartin 2 дні тому

    Watching June 2024. Thank you for all your amazing content! I’ll be passing my SIE in record time thanks to these videos 🎉

  • @davidwitte4862
    @davidwitte4862 2 дні тому

    Is this at 7:30pm Central Time?

  • @codbalbales6700
    @codbalbales6700 2 дні тому

    I got a practice question on crypto currency on pass perfect. It asked how are cryptocurrencies priced correct answer was supply and demand just fyi not sure if it will be on actual exam

    • @Series7Guru
      @Series7Guru 2 дні тому

      Doubt it but it is supply and demand.

  • @celiareginadeandrade3604
    @celiareginadeandrade3604 2 дні тому

    Are you still posting?

  • @georgeluke6382
    @georgeluke6382 2 дні тому

    You're a wise teacher! Using you, Franz's lectures, and Kaplan's Q bank and book, no finance background, failed once, and new test on Monday. Thanks for your labor- your explanations are helping things click!

  • @taravishnesky
    @taravishnesky 2 дні тому

    What about the other $5,000 of the $15,000 he withdrew? Wouldn't that $5,000 then just be taxed 10% as a penalty (He already paid taxes on it, as you stated - but didn't pay the penalty tax on it).

    • @taravishnesky
      @taravishnesky 2 дні тому

      So the total would be $4,500 rather than $4,000?

    • @Series7Guru
      @Series7Guru 2 дні тому

      No. He already paid tax on the $50,000

    • @Series7Guru
      @Series7Guru 2 дні тому

      No penalty getting back the money you have already paid tax on.

    • @taravishnesky
      @taravishnesky 2 дні тому

      @@Series7Guru Nice, didn't know this point. Thank you! I test on Saturday and your videos have been playing non-stop! Lets go!!!

    • @Series7Guru
      @Series7Guru 2 дні тому

      You got this! Sending you good test vibes.!

  • @marcmome
    @marcmome 2 дні тому

    Thank you! Your videos are very helpful.!

    • @Series7Guru
      @Series7Guru 2 дні тому

      De nada. Glad you are finding them helpful.

  • @georgeluke6382
    @georgeluke6382 2 дні тому

    8:32-40 great anthropology point there!

  • @bonniechen6617
    @bonniechen6617 2 дні тому

    Thank you Dean, I just passed the exam today after viewing four of your videos, they are very helpful

    • @Series7Guru
      @Series7Guru 2 дні тому

      Kudos on your first testing victory! What's your next testing victory? 6? 7? Always very gratifying when my videos contribute to test taking victories like yours

  • @1azjacki
    @1azjacki 3 дні тому

    Thank you Dean.... testing 66 tomorrow!

  • @IdeasAndProgress
    @IdeasAndProgress 3 дні тому

    Dean I got the nightmare Draw... still passed! Watched this video before taking the test. Aslo saw your SIE one last time.

  • @DJWM93
    @DJWM93 3 дні тому

    Dean, I have ADHD and have been studying for the SIE since January (it’s June now.) I have repeated my studies over and over again through training consultants just feeling so dumb and defeated. I just simply couldn’t absorb the information or understand how it applied to practical use. Granted, I have been working for a financial advisor for over 5 years and I’d argue I’m pretty dang good at my job, so this was so confusing to me. Well, I started watching your videos a couple weeks ago and suddenly I’m Acing every practice test I am taking and I’m genuinely interested in the material now. It’s also making my job that much more fulfilling. So thank you so much, I finally don’t feel like crying out of frustration everyday.

    • @Series7Guru
      @Series7Guru 3 дні тому

      Always very gratifying when this channel contributes to study efforts like yours

  • @danielplascencia2504
    @danielplascencia2504 3 дні тому

    What does clerical mean again?

    • @Series7Guru
      @Series7Guru 3 дні тому

      No public contact regarding securities. Think receptionist.....

  • @thealexshowable
    @thealexshowable 3 дні тому

    Taking it tomorrow. Finally scoring high 80s on Kaplan 🙏

    • @Series7Guru
      @Series7Guru 3 дні тому

      Tomorrow you will be an Investment Advisor Representative!

    • @thealexshowable
      @thealexshowable 3 дні тому

      @@Series7Guru fingers crossed - all thanks to your and Brian’s help and guidance. Y’all are real life superheroes!

    • @thealexshowable
      @thealexshowable 2 дні тому

      @@Series7GuruI passed!!! Couldn’t recommend your material more. Can’t believe it’s done that exam is no joke

    • @Series7Guru
      @Series7Guru 2 дні тому

      KUDOS Investment Advisor Representative!

  • @danielplascencia2504
    @danielplascencia2504 3 дні тому

    This is goooood!

  • @mariamontalvao7013
    @mariamontalvao7013 3 дні тому

    Thanks for your content! I just passed my series 7 and your videos helped me a lot.

    • @Series7Guru
      @Series7Guru 3 дні тому

      Kudos! What's your next testing victory? 63? 66? Always very gratifying when this channel contributes to test taking victories like yours

  • @ameliajambu
    @ameliajambu 3 дні тому

    Thank you for these videos. I'm grateful to you. I'm taking my S7 tomorrow. Please wish me luck.

    • @Series7Guru
      @Series7Guru 3 дні тому

      Sending you good tesr vibes!

    • @ameliajambu
      @ameliajambu 2 дні тому

      @Series7Guru I just passed my S7! When i read the tricky questions, i heard your voice in my head saying, "Look, you must be new.. " 😆 I'm eternally grateful to you. Next, 66!

  • @tomerator
    @tomerator 3 дні тому

    18:24 BULLS acronym blew my mind, had to rewind to the spreads section to really visualize the pattern. I went through 4 finance courses in College and forgot this trend, so glad I watched this video before my series seven.

    • @Series7Guru
      @Series7Guru 3 дні тому

      Glad you found the trick helpful.

  • @daltonsmith23
    @daltonsmith23 3 дні тому

    Howdy Dean, and greetings from Bryan, TX. I passed the Series 65 on my first attempt this past Friday, and I wanted to thank you and Brian for all the work you do for the securities exams! I used Kaplan's Online On Demand Course, Kaplan's QBank, and your UA-cam videos to help me study for the test. On the morning of the exam, I listened to your Series 65 in 1-hour video, which was excellent. I was beyond relieved to see "Pass" pop up on my screen when I clicked submit, and I have you and everyone at Kaplan to thank for helping me achieve success on the Series 65.

  • @tampatart8156
    @tampatart8156 3 дні тому

    If we pay for Thursdays class, will we get a recording?

    • @Series7Guru
      @Series7Guru 3 дні тому

      Yes. You also can record it yourself and later it will be on the channel as a replay

    • @tampatart8156
      @tampatart8156 3 дні тому

      @@Series7Guru and i can bring a friend, too?

  • @Series7Guru
    @Series7Guru 3 дні тому

    Series 63 Exam Lectures, Practice Tests and Questions: ua-cam.com/play/PLK1IazV_JQbEjys_jUR3yDuTnsP_tc7Rb.html

  • @josh.hebert
    @josh.hebert 3 дні тому

    I passed on my first go thanks for all your content! 🙌🏽

  • @user-hb1hb8kk5o
    @user-hb1hb8kk5o 4 дні тому

    Thanks as always. Is it possible to get few hours of tuition- means paid virtual sessions from you? For bond calculations and options. Thanks Asad

    • @Series7Guru
      @Series7Guru 4 дні тому

      Yes. Tutoring can be booked at deantinneytutoring.setmore.com

  • @Series7Guru
    @Series7Guru 4 дні тому

    Check out our sister reddit communities and Facebook community for SIE and Series 7 www.reddit.com/r/Series7/ facebook.com/groups/babybrokersdoinghattricks/ Series 6 Exam reddit.com/r/Series6/ Series 63/65/66 Exams www.reddit.com/r/Series66/ Series 9/10 and Series 24 Exams www.reddit.com/r/Series24