Series 66 Test Specs
Series 66 Test Specs
Series 66 Test Specs
1. time value of money concepts (e.g., internal rate of return [IRR]; net present
value [NPV]);
3. financial ratios and their uses (e.g., current ratio; quick ratio; debt-to-equity
ratio)
1. technical analysis
2. fundamental analysis
3. dividend discount
1. share classes
2. liquidity
3. tax implications
D. Futures (1)
2. leveraged funds
3. inverse funds
4. structured products
5. viatical/life settlements
2. current and future financial situation (e.g., cash flow; balance sheet; existing
investments; tax situation, social security and pensions)
3. risk tolerance
6. time horizon
3. prohibited transactions
2. UTMA/UGMA
3. health-savings accounts
2. pay-on-death/transfer-on-death
3. beneficiary designation
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. current yield
3. relevant benchmarks
2. notice-filing requirements
1. definition of a Broker-Dealer
3. exemptions
2. administrative actions
Series 66 Test Specifications
1. disclosures
3. performance guarantees