Friday, April 19, 2013




This is a very good resource for Series 26 exam facts!  At http://www.examfacts.com they have an excellent study guide filled with basic exam facts for the Series 26 exam.  The book is also available at Amazon.com


Example Questions from the Exam Facts 26 Book:
 

What are Bonus Annuities?
Clients must be made aware that these upfront benefits are typically offset by higher annual charges. The bonus is not taxable nor is it negotiable.


Discuss Branch Office
If a representative uses a vacation home to transact business for 30 business days or more per year, the location qualifies as a branch.  A registered representative who works from home may enter orders reviewable by his branch and e-mail clients through the firm's Web e-mail system.


What are Breakpoints?
Purchases made at different brokerage firms may be aggregated.


Who is a Broker?
Transacts business for others


Define Cancel after 45-day free look
Front-end = (up until 18 months) shares current NAV plus sales charges > 15% of total investment. After 18 months = shares NAV only. Spread-load = Shares current NAV only

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