Series 7 Exam Prep 98, Regulation and Prohibited Conduct Review

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: - How Regulation Best Interest (Reg BI) raises the standard of conduct beyond simple suitability and how this is tested with scenario-based questions. - The key elements of prohibited conduct such as churning, selling away, and unauthorized trading, including the specific red flags to look for in exam questions. - The critical reporting thresholds and timelines for Anti-Money Laundering (AML) regulations, including Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs). - The specific recordkeeping timeframes for communications (3 years), customer complaints (4 years), and AML records (5 years). - The rules for protecting senior investors, including the ability to place temporary holds on disbursements under FINRA Rule 2165 when financial exploitation is suspected. 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