Account Types and Documentation
Individual vs. joint accounts, retirement accounts (IRAs, Roth IRAs, 401(k)s), trust and custodial accounts, required documentation for account opening, Know Your Customer (KYC), and Customer Identification Program (CIP) requirements.
Key Formulas and Calculations
Net Asset Value (NAV) formula: (Total Assets - Liabilities) / Number of Shares, yield calculations: Annual Dividend / Current Price, capital gains calculations, expense ratio formula: Total Fund Expenses / Total Assets, and taX series 6 dump sheet implications on investment returns.
Ethics and Professional Conduct
Code of ethics for representatives, handling conflicts of interest, prohibited practices (churning, front-running, insider trading), regulatory reporting requirements, and client confidentiality and data protection.
How to Effectively Use Your Series 6 Dump Sheet
Having a well-organized dump sheet is only effective if you know how to use it properly. Here are some best practices to make the most of your dump sheet:
Review Daily
Set aside 15-30 minutes daily to review your dump sheet. Repetition helps reinforce key concepts and improves recall.
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