Open Exam Prep

Ran Chen, EA, CFP®
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Open Exam Prep: Mastering Financial Exams The path to becoming a certified financial professional is known for its difficulty, and finding high-quality, accessible study material shouldn't be the hardest part. Created by Ran Chen—an AI application enthusiast, Financial Advisor, and holder of the EA (Tax), Life Insurance, Series 6/63/65, and CFP® designations—this podcast was born from personal experience. Having navigated these challenging exams himself, Ran realized the need for better resources and created Open Exam Prep as a free solution for aspiring professionals. Each episode breaks down complex major exam topics into clear, digestible lessons, covering everything from tax planning and estate strategies to retirement solutions and investment principles. Whether you’re studying during your commute, workout, or downtime, we are here to guide you—one question, one topic, one victory at a time. Visit for more content: https://open-exam-prep.com/

  1. 16 小時前

    Series 7 Exam Prep 88, Accrued Interest and Bond Settlement

    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - That the buyer of a bond pays the accrued interest to the seller. - How to calculate the accrued interest period: from the last coupon date up to, but not including, the settlement date. - The difference between the 30/360 day count for corporate and municipal bonds and the actual/actual day count for U.S. government bonds. - That most bond transactions, including corporate, municipal, and government, settle one business day after the trade date (T+1). - To watch for common exam traps like being given the trade date versus the settlement date and applying the wrong day-count convention. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

  2. 1 天前

    Series 7 Exam Prep 87, Municipal Trading and Pricing

    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - Municipal serial bonds are typically quoted on a yield-to-maturity (basis) basis, while term bonds are quoted in dollars. - MSRB rules require disclosing the 'yield to worst' on confirmations: yield to call for premium bonds and yield to maturity for discount bonds. - Accrued interest for municipal bonds is calculated based on a 30-day month and a 360-day year, accruing up to but not including the settlement date. - Customer confirmations must disclose the firm's capacity (agent or principal) and its compensation (commission, markup, or markdown). - MSRB Rule G-30 mandates that markups and markdowns must be fair and reasonable, based on factors like prevailing market price and transaction size, not a fixed percentage. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

  3. 2 天前

    Series 7 Exam Prep 86, Investment Banking and Corporate Financing

    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The critical distinction between a 'firm commitment' (underwriter as principal, takes risk) and 'best efforts' (underwriter as agent, issuer retains risk) underwriting. - How the underwriting spread is calculated and distributed among the manager, syndicate members, and selling group. - The purpose and benefits of a shelf registration under SEC Rule 415, allowing seasoned issuers to sell pre-registered securities for up to three years. - The underwriter's legal obligation to perform due diligence as a defense against liability under the Securities Act of 1933. - The role of a Qualified Independent Underwriter (QIU) when a conflict of interest exists in an offering under FINRA Rule 5121. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

  4. 3 天前

    Series 7 Exam Prep 85, Tender Offers, Mergers, and Corporate Actions

    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - A tender offer must remain open to shareholders for a minimum of 20 business days. - Stock splits and reverse stock splits do not change the total market value of a shareholder's position; they only adjust the number of shares and the cost basis per share. - Mergers and acquisitions typically require shareholder approval, which is solicited through a proxy vote. - It is crucial to differentiate between mandatory corporate actions (e.g., stock splits, mergers) and voluntary ones (e.g., tender offers, rights offerings), as the latter require a decision from the shareholder. - A reverse stock split reduces the number of shares and increases the price per share, often to prevent a company's stock from being delisted by an exchange.

  5. 4 天前

    Series 7 Exam Prep 84, Penny Stocks and Low-Priced Securities

    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - A penny stock is an unlisted (non-Nasdaq) security trading under $5 per share. - For solicited penny stock sales to new customers, a firm must provide a risk disclosure document and receive a signed suitability statement before the trade. - The signed suitability statement rule is waived for unsolicited trades and for "established customers." - An established customer is one who has had an account for over a year or has made three prior penny stock purchases on different days. - For all penny stock trades, firms must disclose current quotes and the compensation for both the firm and the representative. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

  6. 5 天前

    Series 7 Exam Prep 83, Customer Complaints and Account Documentation

    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - A customer complaint must be in writing (e.g., email, text, letter) to be officially recognized under FINRA rules. - All written complaints must be immediately forwarded to a designated supervising principal for review and handling. - When a customer changes their address, the firm must send a confirmation of the change to the previous address on file to prevent fraud. - Any material change in a customer's financial status or objectives requires an immediate update to their account profile and a full reassessment of suitability. - Trades initiated by a client that are inconsistent with their objectives must be marked 'unsolicited' to properly document the origin of the trade idea. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

  7. 6 天前

    Series 7 Exam Prep 82, Customer Recommendations by Life Stage

    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - Why young accumulators with long time horizons should focus on growth-oriented investments like mid-cap stocks. - The importance of tax-advantaged investments, such as municipal bonds, for high-income professionals. - How to construct a suitable portfolio for a retiree focused on income and capital preservation, using a mix of bonds and dividend-paying stocks. - The key differences in product recommendations for conservative investors versus speculative traders. - Suitability considerations and restrictions for specialized accounts like trusts and minor (UGMA/UTMA) accounts. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

  8. 8月27日

    Series 7 Exam Prep 81, Taxation of Investments

    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The different tax treatments for ordinary income, qualified dividends, and tax-exempt municipal bond interest. - How holding periods determine whether a capital gain is short-term (taxed at ordinary rates) or long-term (taxed at preferential rates). - The critical rules for adjusting cost basis, including return of capital, gifted securities (carryover basis), and inherited securities (stepped-up basis). - How to identify a wash sale (selling at a loss and repurchasing within a 61-day window) and its consequence of disallowing the loss and adjusting the new cost basis. - Strategies for answering tax-aware recommendation questions, which are a key part of testing suitability on the Series 7 exam. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

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簡介

Open Exam Prep: Mastering Financial Exams The path to becoming a certified financial professional is known for its difficulty, and finding high-quality, accessible study material shouldn't be the hardest part. Created by Ran Chen—an AI application enthusiast, Financial Advisor, and holder of the EA (Tax), Life Insurance, Series 6/63/65, and CFP® designations—this podcast was born from personal experience. Having navigated these challenging exams himself, Ran realized the need for better resources and created Open Exam Prep as a free solution for aspiring professionals. Each episode breaks down complex major exam topics into clear, digestible lessons, covering everything from tax planning and estate strategies to retirement solutions and investment principles. Whether you’re studying during your commute, workout, or downtime, we are here to guide you—one question, one topic, one victory at a time. Visit for more content: https://open-exam-prep.com/

資訊

  • 創作者
    Ran Chen, EA, CFP®
  • 活躍年代
    2025年 - 2026年
  • 集數
    403
  • 年齡分級
    兒少適宜
  • 版權
    © Copyright 2026 Ran Chen, EA, CFP®
  • 節目網站
    Open Exam Prep

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