Series 66 Test Specifications Sheet (Page 4 of 6) in pdf

Series 66 Test Specifications Sheet Page 4

Series 66 Test Specifications

3. prohibited transactions

H. Special Types of Accounts (1)

1. education-related (e.g., 529s; Coverdell)

2. UTMA/UGMA

3. health-savings accounts

I. Ownership and Estate Planning Techniques (3)

1. methods of ownership transfer (joint tenants with rights of survivorship

(JTWROS); tenants in common; tenancy by the entirety)

2. pay-on-death/transfer-on-death

3. beneficiary designation

4. trusts and wills

5. qualified domestic relations order (QDROs)

J. Trading Securities (2)

1. terminology (e.g., bids; offers; quotes; market; limit or stop order; short sale;

cash accounts; margin accounts; principal or agency trades; high frequency

trading; dark pools)

2. role of Broker-Dealers, custodians, market makers, and exchanges

3. costs of trading securities (e.g., commissions; markups; spread; best execution)

K. Portfolio Performance Measures (3)

1. returns (e.g. risk-adjusted; time-weighted; dollar-weighted; annualized; total;

holding period; internal rate of return; expected; inflation-adjusted; after tax)

2. current yield

3. relevant benchmarks

IV. Laws, Regulations, and Guidelines

Including Prohibition on Unethical Business Practices

45%

A. Regulations of Investment Advisers, Including State-Registered and Federal Covered

Advisers (7)

Series 66 Test Specifications Sheet Page 4