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Hi, we've designed Achievable as an interactive online course: quizzes after every page, supplementary explainer videos scattered throughout, and personalized feedback based on your progress - this is what makes Achievable so effective! We don't have a physical book, but we can send you a PDF of the reading material after you buy the online course, if that helps.

Hi! You'll need to disclose general information on your ownership structure, AUM, funds managed, and fee structure, but you won't need to disclose detailed financial history of any sort. The SEC has a good summary of the disclosures on their instructions (www.sec.gov/about/forms/formadv-instructions.pdf) - specifically check out page 19, Item 5.a: Information About Your Advisory Business: Newly-Formed Advisers.

@@Achievable Thank you for your response! But I see things like bankruptcy, judgement etc.....Do these and similar things need to be disclosed by a self proprietor who wants to be registered as both IA and IAR if they are more than ten years? Many thanks!

@@zmack1830 No, you will likely not need to disclose that - but please check with a compliance professional! There is more information on the Part 2 instructions link if you really want to dig into the details of your specific situation! www.sec.gov/about/forms/formadv-part2.pdf

Hi! You'll need to disclose general information on your ownership structure, AUM, funds managed, and fee structure, but you won't need to disclose detailed financial history of any sort. The SEC has a good summary of the disclosures on their instructions (www.sec.gov/about/forms/formadv-instructions.pdf) - specifically check out page 19, Item 5.a: Information About Your Advisory Business: Newly-Formed Advisers.

Hi, thanks for your comment! There's a huge amount of natural randomness in these exams, since you're only asked ~75 questions from a pool of thousands. Although the math is generally high-level, some people do report seeing 10+ math questions, so it's important to master these topics too!

Hi @jeaneesmith8889, a typical student takes about 50 hours to complete the SIE course and pass the exam.

Hi @dogwoodish, our courses are good for 1 year (365 days) and then can be renewed for a discount for a second year.

Hi Juliana, we help tens of thousands of professionals annually pass their SIE exam.

Great question! It depends on your employer - there is no rule specifically for or against this. We have heard of situations where financial tutoring has been both approved and denied.

You are so welcome! Glad it was helpful.

Congratulations! So glad our materials were helpful for you.

Hi @benco_19, FINRA doesn't offer prep materials, you would need to buy them from a vendor like us. Our FINRA SIE course is extremely well regarded, try it for free to see if you like it - achievable.me/exams/finra-sie/overview/

You're very welcome! Glad it was helpful.

Hi, glad you love the videos! When we talk about "long" and "short" in this context, it means whether the investor has bought ("is long") shares or sold ("is short") shares - it's not related to the time period. There is more risk in short selling, so the minimum margin requirement is higher at 30% for short positions than the 25% for long positions. Here's the chapter where we cover this in detail in our S7 course - app.achievable.me/study/finra-series-7/learn/brokerage-accounts-margin-accounts-minimum-maintenance

@@Achievable perfect, after thinking it through that makes sense 🤔. Thx again, I test tomorrow 🕺

The equations are basically the same regardless of whether you work with preferred stock or bonds! Just be careful to note whether you are finding the parity price of the preferred/bond or the resulting common stock - I believe that's where your confusion comes from. It might help to run through the examples in our chapters for convertible preferred stock (app.achievable.me/study/finra-series-7/learn/preferred-stock-features-convertible) and convertible bonds (app.achievable.me/study/finra-series-7/learn/corporate-debt-products-convertible-bonds).

Thanks for your feedback - this is a complex topic! Rather than thinking of it as a hypothetical situation, think of it as two specific events: step 1 (current) and step 2 (in the future). Although you need to handle these "what if" situations for the exam, when you rephrase them with concrete numbers it gets a bit simpler~

Hi Tony, one of the things people love about Achievable is that we explain securities in a simple, to-the-point way. Give our SIE course a shot (we have a free trial) and see if our style is a good fit for you.

understood

Yes! Most topics don't change all that much year to year.

Lmao i wish

Hahahahahh

Update: did you pass?

If you buy a put option and it expires worthless, you only loss the premium that you paid. So if you bought a put option for a $3 premium ($300), the most you can lose is $300.