Boston Institute of Finance Stockbroker Course -- CONTENTS -- PREFACE -- SERIES 7 STUDY GUIDE -- INTRODUCTION -- Chapter 1: CORPORATE SECURITIES -- STOCKS AND BONDS -- MONEY AND CAPITAL MARKETS -- COMMON STOCK -- STOCK CERTIFICATES -- TYPES OF STOCK -- VOTING RIGHTS -- VALUATION OF COMMON STOCK -- PREFERRED STOCK -- CORPORATE BONDS -- MORTGAGE BONDS -- COLLATERAL TRUST BONDS -- EQUIPMENT TRUST CERTIFICATES -- DEBENTURE BONDS -- SUBORDINATED DEBENTURES -- GUARANTEED BONDS -- INCOME BONDS -- CONVERTIBLE BONDS -- DEBT RETIREMENT -- ZERO COUPON BONDS -- BOND QUALITY -- CALL PROVISIONS -- INTEREST RATE RISK -- YIELDS -- YIELD BOOK -- RIGHTS -- WARRANTS -- AMERICAN DEPOSITARY RECEIPTS -- REAL ESTATE INVESTMENT TRUSTS -- SPECIAL SITUATIONS -- COLLATERALIZED MORTGAGE OBLIGATIONS -- INTEREST RATE AND BOND CONCEPTS -- SETTLEMENT OF TRANSACTIONS -- Chapter 2: FINANCIAL ANALYSIS -- THE BALANCE SHEET -- INCOME STATEMENT -- SELECTION OF THE INVESTMENT BANKER -- Chapter 3: INVESTMENT BANKING -- DISPOSAL METHODS -- INVESTIGATION -- TYPES OF SECURITIES OFFERINGS -- UNDERWRITING AGREEMENT -- FORMATION OF UNDERWRITING SYNDICATE -- SELLING GROUP -- DUE DILIGENCE MEETING -- UNDERWRITING SPREAD -- THE SECURITIES ACT OF 1933 -- THE SECURITIES EXCHANGE ACT OF 1934 -- TOMBSTONE ADVERTISEMENTS -- Chapter 4: MUNICIPAL SECURITIES -- INTRODUCTION -- TYPES OF MUNICIPAL BONDS -- UNDERWRITING MUNICIPAL BONDS -- CHARACTERISTICS OF MUNICIPAL BONDS -- SECONDARY MARKET AND TRADING PRACTICES -- BROKER'S BROKER -- JOINT ACCOUNTS -- LEGAL OPINION -- SHORT-TERM TAX-EXEMPT SECURITIES -- PRICING -- SOURCES OF INFORMATION ON MUNICIPAL BONDS -- NEW ISSUES -- OFFICIAL STATEMENT -- REGULATION -- MUNICIPAL SECURITIES RULEMAKING BOARD -- RECIPROCAL DEALINGS WITH MUNICIPAL SECURITIES INVESTMENT COMPANIES -- DISCLOSURES IN CONNECTION WITH NEW ISSUES -- ARBITRATION -- SEC ANTIFRAUD RULES.

MUNICIPAL BOND SWAPPING -- INSURANCE -- RATING SERVICES -- DEBT SERVICE -- TAX RATE -- MUNICIPAL DEBT STATEMENT -- REVENUE BONDS -- MARKETABILITY -- MUNICIPAL BOND UNIT INVESTMENT TRUSTS -- ADDITIONAL CONCEPTS: MUNICIPAL BONDS -- Chapter 5: US GOVERNMENT SECURITIES -- INTRODUCTION -- TREASURY BILLS -- CASH MANAGEMENT BILLS -- TREASURY NOTES -- TREASURY BONDS -- FLOWER BONDS -- MARKETABILITY: US TREASURY SECURITIES -- SERIES EE BONDS -- SERIES HH BONDS -- FEDERAL AGENCY BONDS -- TREASURY DIRECT SYSTEM -- FEDERAL FUNDS -- REPURCHASE AGREEMENTS -- BANKERS' ACCEPTANCES -- COMMERCIAL PAPER -- BROKERS' AND DEALERS' LOANS -- NEGOTIABLE CERTIFICATES OF DEPOSIT -- TREASURY RECEIPTS -- EURODOLLAR BONDS -- INTERBANK MARKET FOR FOREIGN CURRENCIES -- ADDITIONAL CONCEPTS -- Chapter 6: OVER-THE-COUNTER MARKETS -- INTRODUCTION -- MAKING A MARKET IN A SECURITY -- FIRM AND SUBJECT MARKETS -- BID OR OFFERING WANTED -- EXECUTION CAPACITIES -- NASDAQ LEVELS OF SERVICE -- MARKUPS AND MARKDOWNS -- TYPES OF SECURITIES TRADED -- THIRD AND FOURTH MARKETS -- TYPES OF ORDERS -- ARBITRAGE -- SMALL ORDER EXECUTION SYSTEM -- SEC RULE 15c2-6 (Penny Stock Cold Calling Rule) -- MISCELLANEOUS CONCEPTS: OTC MARKET -- Chapter 7: NATIONAL ASSOCIATION OF SECURITIES DEALERS REGULATIONS -- CERTIFICATE OF INCORPORATION -- BYLAWS OF THE NASD -- ADVERTISING RULES -- RECOMMENDATIONS MADE TO CUSTOMERS -- PRIVATE SECURITIES TRANSACTIONS -- EXECUTION OF RETAIL TRANSACTIONS -- PROMPT RECEIPT AND DELIVERY OF SECURITIES -- PROXY MATERIAL -- NASD HOT ISSUE RULES -- CHARGES FOR SERVICES -- NASD MARKUP POLICY -- CONFIRMATIONS -- DISCRETIONARY ACCOUNTS -- DEALING WITH NONMEMBERS -- OTHER PROVISIONS OF THE NASD RULES OF FAIR PRACTICE -- NASD CODE OF PROCEDURE -- UNIFORM PRACTICE CODE -- GOOD DELIVERY OF SECURITIES -- INVESTMENT COMPANIES AND THE NASD RULES OF FAIR PRACTICE.

REGISTERED REPRESENTATIVES - NASD RULES -- Chapter 8: EXCHANGE MARKETS -- EXCHANGE MEMBERSHIP -- ALLIED MEMBERS -- TYPES OF EXCHANGE MEMBERS -- FUNCTIONS -- DOUBLE-AUCTION SYSTEM -- RULES OF TRADING -- TYPES OF ORDERS -- SPECIALIST -- REDUCING ORDERS ON EX-DIVIDEND DATE -- SHORT SALES ON EXCHANGES -- STOPPING STOCK -- TAPE DISPLAYS -- ODD-LOT TRANSACTIONS -- CONSOLIDATED QUOTATIONS -- INTERMARKET TRADING SYSTEM -- NYSE BOND TRADING -- SUPER DOT -- PROGRAM TRADING -- ADDITIONAL CONCEPTS -- Chapter 9: EXCHANGE REGULATIONS -- REGISTERED REPRESENTATIVES -- COMMUNICATIONS WITH THE PUBLIC -- CONDUCT OF ACCOUNTS -- DEALINGS AND SETTLEMENTS -- ACCRUED INTEREST ON BONDS -- ARBITRATION -- LISTING AND DELISTING OF SECURITIES -- VOTING RIGHTS -- OFF-BOARD TRANSACTIONS -- THE TELEPHONE CONSUMER PROTECTION ACT -- SUITABILITY -- MISCELLANEOUS NYSE RULES -- Chapter 10: CUSTOMER ACCOUNTS -- CASH AND MARGIN ACCOUNTS -- CUSTOMER ACCOUNT DOCUMENTATION -- SERVICING CUSTOMERS -- DISCRETIONARY ACCOUNTS -- PAYMENT AND DELIVERY INSTRUCTIONS -- APPROVAL OF ACCOUNTS -- SUPPLEMENTARY DOCUMENTATION REQUIRED - MARGIN ACCOUNT -- CUSTOMER ACCOUNTS AND DOCUMENTS -- FIDUCIARIES -- UNIFORM GIFTS TO MINORS ACT/UNIFORM TRANSFER TO MINORS ACT -- UGMA/UTMA. -- ACCOUNTS OF DECEASED PERSONS -- JOINT OWNERSHIP OF SECURITIES -- TRANSACTIONS IN CUSTOMER ACCOUNTS -- BROKERAGE BACK-OFFICE DEPARTMENTS -- CENTRAL ASSET ACCOUNTS -- MISCELLANEOUS CONCEPTS CONCERNING CUSTOMER ACCOUNTS -- Chapter 11: MARGIN ACCOUNTS -- INTRODUCTION -- REQUIRED DOCUMENTS - MARGIN ACCOUNT -- LONG MARGIN ACCOUNT -- REGULATION T REQUIREMENTS -- NYSE MAINTENANCE REQUIREMENTS -- HOUSE MAINTENANCE REQUIREMENTS -- DEBIT BALANCE -- MINIMUM EQUITY REQUIREMENTS -- RESTRICTED MARGIN ACCOUNTS -- SAME-DAY SUBSTITUTION -- RULES CONCERNING SAME-DAY SUBSTITUTION IN A RESTRICTED ACCOUNT -- REHYPOTHECATION -- WHEN-ISSUED SECURITIES.

NEW ISSUES -- SHORT MARGIN ACCOUNTS -- SPECIAL MEMORANDUM ACCOUNT -- Chapter 12: OPTIONS -- INTRODUCTION -- PREMIUM -- CALL OPTION -- PUT OPTION -- TYPES OF SPREADS -- STRADDLES AND COMBINATIONS -- LONG-TERM EQUITY ANTICIPATION SECURITIES -- MAXIMUM RISK AND MAXIMUM PROFIT -- TAXES ON OPTIONS -- BASIC OPTION CONCEPTS -- LISTED OPTION CONTRACTS -- ORDER BOOK OFFICIAL -- THE FLOOR BROKER -- MARKET MAKERS -- TRADING ROTATIONS -- TRADING HALTED -- SPECIALISTS AND REGISTERED TRADERS -- OPTIONS CLEARING CORPORATION (OCC) -- COMPARISON - LISTED AND OVER-THE-COUNTER OPTIONS -- OPENING AND CLOSING TRANSACTIONS -- EXERCISING OPTIONS -- TYPES OF OPTION EXERCISES -- POSITION LIMITS -- DELIVERY AND PAYMENT -- OPTION PREMIUMS AND COMMISSIONS -- MISCELLANEOUS OPTION CONCEPTS -- CUSTOMER ACCOUNTS -- DISCRETIONARY OPTION ACCOUNTS -- OPTION COMPLAINTS -- OPTION ACCOUNT RECORDS -- SUMMARY - OPTION CUSTOMER ACCOUNTS -- OTHER TYPES OF OPTION ACCOUNTS -- RULES CONCERNING OPTION COMMUNICATIONS -- OPTIONS DISCLOSURE DOCUMENTS (ODD) -- STOCK INDEX OPTIONS -- OPTIONS ON FOREIGN CURRENCIES -- YIELD-BASED OPTIONS -- CAPPED INDEX OPTIONS -- MARGIN REQUIREMENTS -- SUMMARY - IMPORTANT CONCEPTS -- SPECIFIC OPTION EXAMPLES Covered Call -- OPTION TERMS Aggregate exercise price -- DATES AND TIMES FOR PUT AND CALL OPTIONS -- Chapter 13: ECONOMIC, MONETARY, AND INDUSTRIAL FACTORS -- ECONOMICS -- BUSINESS CYCLES -- ECONOMIC INDICATORS -- INFLATION AND DEFLATION -- CONSUMER PRICE INDEX -- FEDERAL RESERVE SYSTEM -- FISCAL POLICY -- ADDITIONAL ECONOMIC CONCEPTS -- FUNDAMENTAL ANALYSIS -- TECHNICAL ANALYSIS -- STOCK MARKET AVERAGES -- TECHNICAL MARKET THEORIES -- CONFIDENCE INDICATORS Baryon's Confidence Index -- CHARTING -- EFFICIENT MARKET THEORY -- RANDOM WALK THEORY -- BETA ANALYSIS -- FINANCIAL INFORMATION -- FINANCIAL EXHIBITS -- Chapter 14: RISKS AND POLICIES -- INTRODUCTION.

CREDIT RISK -- PURCHASING POWER RISK Purchasing power risk -- INTEREST RATE RISK -- MARKET OR SYSTEMATIC RISK -- OTHER TYPES OF INVESTMENT RISK -- INVESTMENT PORTFOLIO -- INVESTMENT STRATEGIES -- SUMMARY - INVESTMENT RISKS -- ADDITIONAL CONCEPTS -- Chapter 15: SECURITIES TAXATION -- BASIC TAX CONCEPTS -- CAPITAL GAINS AND LOSSES -- GAINS AND LOSSES FROM SHORT SALES -- WASH SALES -- YEAR-END RULES -- STATE TAXATION -- STOCK DIVIDENDS -- AMORTIZATION OF BOND PREMIUMS AND DISCOUNTS -- CORPORATIONS -- TAX SYSTEMS -- GIFT TAX -- MARKET DISCOUNT BONDS -- SUMMARY - TAX CONCEPTS -- ADDITIONAL CONCEPTS -- Chapter 16: INVESTMENT COMPANIES -- INTRODUCTION -- DISTRIBUTIONS BY FUNDS -- TYPES OF FUNDS -- MUTUAL FUND COMPARISONS -- ADVERTISING BY FUNDS -- PUBLIC DISTRIBUTION OF FUND SHARES -- PRICES OF MUTUAL FUND SHARES -- SALES CHARGES -- BREAKPOINTS -- DOLLAR COST AVERAGING -- REDEMPTION OF MUTUAL FUND SHARES -- STRUCTURE OF OPEN-END INVESTMENT COMPANIES -- MUTUAL FUND MANAGEMENT COMPANY -- RIGHTS OF FUND SHAREHOLDERS -- FUNCTIONS OF THE UNDERWRITER -- CUSTODIAN -- OWNERSHIP OF MUTUAL FUND SHARES -- TAXATION OF MUTUAL FUNDS -- CLOSED-END INVESTMENT COMPANIES -- MUTUAL FUND ACCOUNTS -- WITHDRAWAL PLANS -- CONCURRENT PLANS -- INVESTMENT COMPANY ACT OF 1940 -- MUTUAL FUND SALES LITERATURE -- IMPORTANT POINTS -- NASD RULES CONCERNING INVESTMENT COMPANIES -- Chapter 17: INDIVIDUAL RETIREMENT PLANS -- INTRODUCTION -- FIXED ANNUITIES -- VARIABLE ANNUITIES -- ADDITIONAL CONCEPTS - VARIABLE ANNUITIES -- VARIABLE LIFE INSURANCE -- EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 -- KEOGH PLANS -- INDIVIDUAL RETIREMENT ACCOUNTS -- SIMPLIFIED EMPLOYEE PENSION PLAN -- PENSION AND PROFIT-SHARING PLANS -- 401(k) plan -- 403(b) PLANS -- Chapter 18: FEDERAL AND STATE REGULATIONS -- SECURITIES ACT OF 1933 -- REGISTRATION OF SECURITIES -- PROSPECTUS -- RED HERRING PROSPECTUS.

EFFECTIVE DATE OF REGISTRATION STATEMENT.