The SEC’s Regulation Best Interest (Reg BI) creates a new higher standard that broker-dealers and their registered representatives must follow when recommending securities or investment strategies to retail customers. Any products or strategies that these firms or individuals recommend to retail customers must be in the best interest of the investors (not just suitable). This module will examine the different aspects of Reg BI, the new Customer Relationship Summary (Form CRS), as well as new interpretations under the Investment Advisers Act of 1940 regarding financial advice and retail clients.
STC offers our comprehensive Final Exams to enhance your self-study learning experience.
The final examinations and corresponding explanations represent the most important part of your exam preparation. These examinations will assist you in applying the concepts that you learned in the study manual to questions which are posed in the same multiple-choice format used in the actual examination.
Each exam may be taken either with or without the explanations displayed after each question. However, we strongly recommend that you begin by taking each exam with the explanations appearing after your answer is selected. By including the corresponding explanations, you have the ability to reinforce the mindset necessary to getting the right answer. The goal is to fully understand the concepts, rather than to simply memorize answers. Regardless of whether your answer is correct, read the entire explanation. Additionally, you can select “Mark for Review” for any question that you want to see again.
On your homepage, the “My Scores” button will provide you with a snapshot of your progress. This section provides you with your score per attempt as well as the amount of time spent testing. After completing multiple exams, this function will allow you to identify the topics representing strengths and those representing weaknesses. The topic breakdown is based on the chapters in the study manual.
Another important feature is the ability to create “Custom Exams.” The exams may be customized by selecting specific chapters as well the number of questions. This option provides you with the ability to focus on topics that you find the most challenging.
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