Customer Accounts - Securities Exchange Act of 1934
SEC Rule 10b-10 - Confirmation of Transactions
This SEC rule attempts to prevent fraudulent schemes by registered representatives. It requires broker-dealers to send written confirmation for any transaction in a customer's account detailing date and time of the transaction, the actual security, number of shares and the price of securities bought or sold.
SEC Rule 17a-8 - Accounts and Records
This SEC rule covers financial recordkeeping and reporting of currency and foreign transactions. While Rule 17a-3 requires that records be kept for six years (the first two years in an easily accessible place), 17a-8 requires that these foreign transactions be kept for the longer of the period required under 17a-3 and the period required under part 103 of title 31 of the Code of Federal Regulations.
Click here to take a few series 6 sample questions
How to Prepare for the Series 6 Exam
For most candidates, the combination of reading the series 6 textbook and taking practice questions proves to be sufficient to successfully complete the exam. It is recommended that the individual spend at least 40 – 50 hours preparing for the exam by reading the textbook, underlining key points, and answering as many practice questions as possible
You have completed the series 6 exam review available on investopedia.
Remember to become fully registered most states require you to pass the series 63 exam in addition to your series 6 exam . You may take either exam first but the series 63 must be passed to conduct business with investors in most states.
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