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I smoked my Series 7 ... Thanks for the great products!

A.M., AXA Advisors, New York, NY

Web-based program featuring interactive practice exams that closely resemble the actual exam.

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Thanks. The Series 6 Exam Simulator was a life saver, in fact I am still using the site to learn more.
Ryan Ainsworth, Northwestern Mutual, Tacoma, WA

I actually took the test (Series 66) in November and passed! I purchased the Solomon book and bought access to the online tests and found both invaluable. The book provided a good basis for knowledge, and taking the tests over and over gave me the logic of what the test writers were seeking.
Erik Cooper Dallas, TX

Solomon Exam Prep Partners with Garrett College

We're pleased to announce that Garrett College is joining with Solomon Exam Prep to offer securities licensing exam training classes and materials to the Garrett College community. As part of their Continuing Education and Workforce Development program, Garrett College offers a wide variety of noncredit educational opportunities to serve the students as well as the Garrett County community, local businesses, agencies, and groups. This new partnership with Solomon Exam Prep will expand their offerings into the realm of financial services training.

On January 17, 2012, FINRA highlighted the need for firms to have adequate supervisory and compliance programs in place in order for registered representatives to recommend complex products. FINRA identified several characteristics that may cause a product to be considered "complex," such as embedded derivatives or contingencies. The notice states that agents should determine suitability, consider the customer's financial sophistication, discuss the products with the customer, and consider alternative investments that could meet the customer's goals. The firm should also review the performance of the products and train the agents about the products.

On October 20, 2010, the U.S. Department of Labor (DOL) adopted a rule that requires retirement plan administrators to show participants in participant-directed individual account plans (e.g., 401(k) plans) information on alternative investment options. On January 13, 2012, FINRA stated that communications that contain only the information required by the DOL rule do not need to be filed with FINRA. Note that communications that have additional information not required by the DOL rule must be filed with FINRA.

On January 4, 2012, the SEC staff provided suggestions for investment advisers using social media to help them comply with communication and recordkeeping rules. Of particular note, the SEC staff stated that the client use of the "like" button could count as a testimonial under the Investment Advisers Act.

Effective December 15, 2011, FINRA has modified the rules for submitting short interest data. Specifically, when reporting such data for a security that is primarily listed on the BATS Exchange, the new exchange/market code "H" is used.