Series 7 TOP Exam Guide Questions and CORRECT Answers

What information must be disclosed by a broker dealer in a research report? - Any investment banking compensation paid in past 12 months, anticipated price target, if analyst is a director of the company, any ownership in the company held by the analyst or analyst family members. Subordinated Debenture Bonds - Unsecured bonds, secured by the full faith and credit and no specific collateral of the corporation. Section 457 Plan - Retirement plan used by public sector workers. Similar to 401(k), have similar tax and contribution features. Used by some local government workers as well. ETNs (Exchange-traded notes) - Carry issuer risk tied to the creditworthiness of the institution backing the note. They typically do not pay interest. Returns are linked to the performance of an index, currency, or commodity and suitable for investors looking to speculate on an index.