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Taking the SIE soon? This last-minute review covers the rules and numbers the exam tests most, updated for 2026, including the new $300 FINRA gift limit, the $19,000 annual gift tax exclusion, and the $20,000 529 K-12 limit.

You’ll learn why SIPC won’t cover commodity futures, how to work stock-split and options breakeven math, how bond prices move with interest rates, how mutual fund breakpoints work, and the difference between a CTR and a SAR. Plus the Series 7 Whisperer’s “first five questions” review strategy for test day.

More free SIE practice at series7exam.org.

Chapters
0:00 Why SIPC doesn’t cover futures
1:15 Test-day strategy
8:16 SEC, FINRA and SROs
15:21 SIPC limits
18:10 Equities, rights and warrants
27:51 Stock splits and dividends
30:21 Bonds, risks, munis and Treasuries
40:46 Mutual funds and breakpoints
45:46 Variable annuities and 529 plans
49:21 Options and breakevens
53:57 Orders and margin
58:41 Anti-money laundering: CTR and SAR
61:28 Communications and front running
64:21 U4/U5, gifts and senior investors

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📚 About the Podcast

Real-world finance explained the way exams and real life actually test it.
Ideal for the SIE, Series 7, Series 65/66, and anyone who wants to actually understand money—not just memorize buzzwords.

⚠️ Disclosure

This podcast is for educational purposes only and is not a recommendation to buy or sell any security. Opinions expressed are solely those of the host.

🚀 Go Deeper

Live classes, tutoring, practice questions, and bonus content:

👉 Website / Classes: https://series7exam.org

👉 YouTube: https://youtube.com/@Series7exam

👉 Substack:https://substack.com/@series7whisperer?

New episodes weekly — subscribe so you don’t miss one.

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Ethics & Prohibited Activities: What You Need to Know for Your Securities Exams

What's unethical, what's prohibited, and how do you recognize the difference on exam day?

In this episode of Series 7 Whisperer®, we explore the ethical responsibilities, prohibited practices, and regulatory standards tested on the SIE, Series 7, Series 63, Series 65, and Series 66 exams.

From misrepresentation and churning to conflicts of interest, discretionary trading, and fiduciary duties, we focus on understanding the concepts rather than simply memorizing definitions.

Because passing these exams isn't about knowing a bunch of random rules. It's about understanding how those rules apply to real-world situations.

This episode uses AI-generated audio from Google's NotebookLM as a supplemental educational resource. Always cross-check exam rules with current study materials.

Make it smaller. Understand the topic. Pass the exam.

Visit https://www.series7exam.org for more exam prep resources and tutoring.

Support the show

📚 About the Podcast

Real-world finance explained the way exams and real life actually test it.
Ideal for the SIE, Series 7, Series 65/66, and anyone who wants to actually understand money—not just memorize buzzwords.

⚠️ Disclosure

This podcast is for educational purposes only and is not a recommendation to buy or sell any security. Opinions expressed are solely those of the host.

🚀 Go Deeper

Live classes, tutoring, practice questions, and bonus content:

👉 Website / Classes: https://series7exam.org

👉 YouTube: https://youtube.com/@Series7exam

👉 Substack:https://substack.com/@series7whisperer?

New episodes weekly — subscribe so you don’t miss one.

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Taxes on the Series 7 exam don't have to be complicated. The problem is that tax questions show up everywhere — stocks, bonds, mutual funds, options, retirement accounts, and even wash sales.

In this episode, the Series 7 Whisperer breaks down the tax concepts you actually need to know to pass the Series 7 exam. No unnecessary CPA-level details, no memorizing endless tax brackets — just the rules, shortcuts, and calculations that matter on test day.

What we cover:

• Ordinary income vs. capital gains
• Short-term vs. long-term capital gains
• Qualified and nonqualified dividends
• Municipal, Treasury, and corporate bond taxation
• Cost basis for inherited and gifted securities
• Wash sales and the 30-day rule
• Tax treatment of options, premiums, exercise, and assignment
• Covered calls, protective puts, and option spreads
• Bond premiums, discounts, and accretion
• Tax-equivalent yield

Whether you're preparing for the SIE exam, Series 7 exam, or Series 66 exam, this episode will help you understand the concepts instead of blindly memorizing rules.

Study smarter. Not harder. And remember: MAKE IT SMALLER!

Connect with the Series 7 Whisperer

🌐 Website & tutoring: https://www.series7exam.org

📺 YouTube — Capital Advantage Tutoring: https://www.youtube.com/@Series7Whisperer

🎓 Get help preparing for the SIE, Series 7, Series 63, Series 65, and Series 66 exams.

Disclaimer: This podcast is for securities licensing exam preparation and educational purposes only. It is not personalized investment or tax advice.

#Series7 #SIEExam #Series7Exam #Series66 #FINRA #Series7Whisperer #CapitalAdvantageTutoring

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📚 About the Podcast

Real-world finance explained the way exams and real life actually test it.
Ideal for the SIE, Series 7, Series 65/66, and anyone who wants to actually understand money—not just memorize buzzwords.

⚠️ Disclosure

This podcast is for educational purposes only and is not a recommendation to buy or sell any security. Opinions expressed are solely those of the host.

🚀 Go Deeper

Live classes, tutoring, practice questions, and bonus content:

👉 Website / Classes: https://series7exam.org

👉 YouTube: https://youtube.com/@Series7exam

👉 Substack:https://substack.com/@series7whisperer?

New episodes weekly — subscribe so you don’t miss one.

Send us Fan Mail

the mechanics of secondary market trading, outlining how order tickets transition from entry and execution to clearing. Broker-dealers operate either as brokers earning commissions or as dealers/market makers profiting from spreads, markups, and markdowns. Trading venues range from traditional physical locations like the NYSE, which relies on Designated Market Makers (DMMs) to maintain liquidity, to dealer-to-dealer networks such as Nasdaq and various Alternative Trading Systems. The text also explains specialized order types (including market, limit, and stop orders) alongside Regulation NMS rules designed to protect quotes and ensure fair execution. Finally, the material addresses prohibited practices like interpositioning and front-running, while summarizing regulatory guidelines such as the 5% Markup Policy and market-wide circuit breakers.

Support the show

📚 About the Podcast

Real-world finance explained the way exams and real life actually test it.
Ideal for the SIE, Series 7, Series 65/66, and anyone who wants to actually understand money—not just memorize buzzwords.

⚠️ Disclosure

This podcast is for educational purposes only and is not a recommendation to buy or sell any security. Opinions expressed are solely those of the host.

🚀 Go Deeper

Live classes, tutoring, practice questions, and bonus content:

👉 Website / Classes: https://series7exam.org

👉 YouTube: https://youtube.com/@Series7exam

👉 Substack:https://substack.com/@series7whisperer?

New episodes weekly — subscribe so you don’t miss one.

Send us Fan Mail

Form ADV serves as the primary registration document utilized by investment advisors, structured into three distinct parts alongside specific schedules to inform both regulators and clients. Part 1 focuses on regulatory data, where Part 1A gathers general firm facts for both federal and state authorities, while Part 1B collects supplementary information specifically mandated for state-registered entities. Part 2 functions as the client brochure, dividing information between Part 2A, which details the overarching advisory business and its operational practices, and Part 2B, which highlights the background and disciplinary history of individual advisors. Part 3, known as the Form CRS, offers everyday retail investors a concise summary of the relationship, fees, and potential conflicts. Finally, the schedules provide deeper administrative clarity by outlining direct owners, indirect owners, and necessary updates to the filing.

Support the show

📚 About the Podcast

Real-world finance explained the way exams and real life actually test it.
Ideal for the SIE, Series 7, Series 65/66, and anyone who wants to actually understand money—not just memorize buzzwords.

⚠️ Disclosure

This podcast is for educational purposes only and is not a recommendation to buy or sell any security. Opinions expressed are solely those of the host.

🚀 Go Deeper

Live classes, tutoring, practice questions, and bonus content:

👉 Website / Classes: https://series7exam.org

👉 YouTube: https://youtube.com/@Series7exam

👉 Substack:https://substack.com/@series7whisperer?

New episodes weekly — subscribe so you don’t miss one.

Send us Fan Mail

Preferred stock shows up all over the Series 7, and it can feel more complicated than it really is.

In this episode, we make it smaller.

We cover the preferred stock concepts you need to know for the exam, including:

• Preferred stock vs. common stock vs. bonds
• Fixed dividends and $100 par value
• Current yield
• Dividend priority and liquidation priority
• Cumulative vs. noncumulative preferred
• Dividends in arrears
• Participating preferred
• Adjustable-rate preferred
• Convertible preferred
• Callable preferred
• Conversion ratio and conversion value
• Call risk and reinvestment risk
• The biggest preferred stock traps you’ll see on the Series 7

The big idea:

Preferred stock is EQUITY.

It may act a little like a bond because of its fixed dividend, but preferred shareholders are owners — not creditors.

Remember the pecking order:

DEBT → PREFERRED → COMMON

And when you're calculating current yield:

Annual dividend ÷ Current market price

This episode is designed to help you learn preferred stock through repetition, music, examples, and rapid-fire review so the concepts stick when you sit for the exam.

🎥 Series 7 Whisperer on YouTube
https://www.youtube.com/@series7whisperer

📚 Series 7 Exam Help & Resources
https://series7exam.org

🎓 Private Tutoring & Exam Prep
https://capitaladvantagetutoring.com

📱 TikTok
https://www.tiktok.com/@finster1967

If you're studying for the SIE, Series 7, Series 65, Series 66, or another FINRA or NASAA exam, subscribe and keep working.

Read it all. Pass it all.

— Series 7 Whisperer®

Support the show

📚 About the Podcast

Real-world finance explained the way exams and real life actually test it.
Ideal for the SIE, Series 7, Series 65/66, and anyone who wants to actually understand money—not just memorize buzzwords.

⚠️ Disclosure

This podcast is for educational purposes only and is not a recommendation to buy or sell any security. Opinions expressed are solely those of the host.

🚀 Go Deeper

Live classes, tutoring, practice questions, and bonus content:

👉 Website / Classes: https://series7exam.org

👉 YouTube: https://youtube.com/@Series7exam

👉 Substack:https://substack.com/@series7whisperer?

New episodes weekly — subscribe so you don’t miss one.

Send us Fan Mail

Bond Fundamentals — learn it while you move.

Bonds show up everywhere on the SIE and Series 7, and memorizing a couple of definitions isn't enough. In this episode of SIE Exam Beats, we're going deep on the bond concepts you actually need to understand for the exam — using music, repetition, examples, and the hooks that make this stuff stick.

We cover par value, coupon rates, bond prices, premiums and discounts, current yield, yield to maturity, accrued interest, interest-rate risk, credit risk, callable and convertible bonds, and more.

You'll also lock in some of my favorite exam shortcuts:

Rates UP → Bond prices DOWN.
Rates DOWN → Bond prices UP.

LONG AND LOW, BABY!
Long maturity + low coupon = greater interest-rate sensitivity.

And when you're looking at credit risk, don't just ask “What does it pay?”

Ask:

CAN THEY PAY?

Put this episode on while you're at the gym, walking the dog, driving to work, or whenever you can steal some extra study time.

This isn't meant to replace your textbook or practice questions. It's designed to reinforce what you're already learning and make it harder to forget when you're sitting in front of the real exam.

🎓 Series 7 Whisperer® Exam Prep & Tutoring
Series7Exam.org

📚 Capital Advantage Tutoring
CapitalAdvantageTutoring.com

▶️ Series 7 Whisperer on YouTube
YouTube — @Series7Whisperer

SIE Exam Beats
Study harder. Move farther. Pass smarter.

Series 7 Whisperer®
Read it all. Pass it all.

#SIEExam #Series7 #Series7Exam #SIEExamPrep #Series7ExamPrep #Bonds #BondFundamentals #FINRA #SecuritiesExam #Series7Whisperer

Support the show

📚 About the Podcast

Real-world finance explained the way exams and real life actually test it.
Ideal for the SIE, Series 7, Series 65/66, and anyone who wants to actually understand money—not just memorize buzzwords.

⚠️ Disclosure

This podcast is for educational purposes only and is not a recommendation to buy or sell any security. Opinions expressed are solely those of the host.

🚀 Go Deeper

Live classes, tutoring, practice questions, and bonus content:

👉 Website / Classes: https://series7exam.org

👉 YouTube: https://youtube.com/@Series7exam

👉 Substack:https://substack.com/@series7whisperer?

New episodes weekly — subscribe so you don’t miss one.