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Welcome to the NEW Series 7        FINRA has introduced a new licensing structure for people entering finance. The new structure brings on new challenges and possibly an alternative method for evaluating new candidates. For the first time, the new Series 7 encompasses a prerequisite SIE exam that can be taken prior to being employed by a FINRA Broker-Dealer. This SIE exam tests your basic Securities Industry Knowledge and will have a passing score of 70%. Your score on this exam will most likely be a part of the application process and will be compared to other candidates. The “old “ way of studying for the Series 7 with just the goal of just passing and not worrying about your score is likely a thing of the past. You will need to have a more solid understanding of the material and the basic inner workings of Broker-Dealers. How well you do on the SIE should give the hiring manager an idea of how easily you will pass the Series 7 top off exam once you... read more

You won't pass the exam because you are listening to people who took the exam 5,6 or even 20 years ago. The advice most of my students get is "just take a lot of questions,don't read the book" That is a sure way to fail,yes there are some people who can just take a lot of questions and "game" the exam but they are the ones you were always envious of in school, they looked like they weren't trying and still aced the exams. Almost every single student of mine says that is the advice they get from their supervisors. I have even heard of a few getting yelled at because they were reading the book. Some of those people took the exam in the 90s,when the exam questions were drastically different and the Vendors were actually helping write the questions on the exam. FINRA (formerly NASD) ended that practice a long time ago and there may have been some lingering questions from the "good ole days" they are pretty much gone now. This is not your father's... read more

The new school year beckons - be it middle or high school, college or post graduate study. Fall college visits, applications and essays are also just around the corner. Get a jump on what you or your child may need in terms of support for specific academic subjects, computer skills, standardized tests (SSAT, ISEE, PSAT, SAT, ACT, ASVAB, GRE, etc.). I look forward to continuing my track record of success with students to assist them in maximizing their potential and achievements. David

This post may be useful to anyone tackling a new subject, and finding the learning curve a bit steep. These ideas can be used on their own, without the assistance of a tutor, but it seems to be one of the reasons I do so well as a tutor. As I was recently tutoring a friend for his securities licenses, he clearly stated to me my value proposition in a way I hadn't previously thought of. He said, "This stuff I read over and over, but it doesn't make sense until you go over it with me frontways, backways, and sideways, and help me associate it with the things I already know." Most academic educational material is written such that a rigorous reading of the text will yield an unambiguously correct understanding of the material. However, being able to rigorously evaluate and learn from this text requires: 1) a working vocabulary and world view that contains every important concept already assumed to be known, 2) the mental acuity to hold the non-integrated ideas... read more

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