Model 7: Issuing Securities (Series 7 Exam)

In this model, you will explore the comprehensive process of issuing securities, focusing on the regulatory framework, underwriting phases, and the critical roles within the underwriting process. Model 7: Issuing Securities is an essential part of the Series 7 Exam, providing the expertise needed to understand the intricacies of bringing new securities to market.

About This Course and Its Relevance to Series 7:

Issuing securities is a foundational aspect of the financial markets and a critical focus area in the Series 7 Exam. This model covers everything from the legislative framework and the regulation of new issues to the detailed underwriting process, including the formation of syndicates and the various types of underwriting commitments. Understanding these processes is essential not only for passing the Series 7 Exam but also for navigating the complexities of investment banking and securities issuance in your career.

What You’ll Learn:

1. The Regulation of New Issues:
   Learn about the legislative framework governing the issuance of new securities and the critical regulations that ensure market integrity.
2. The Three Phases of Underwriting:
   Explore the key stages in the underwriting process, from registration of securities to the cooling-off period, essential for compliance.
3. The Underwriting Process:
   Understand the roles of investment banking and other participants in corporate new issues, and how different types of offerings are managed.
4. The Underwriting Syndicate:
   Discover the formation and function of underwriting syndicates, which play a crucial role in distributing new securities to the public.
5. Types of Underwriting Commitments:
   Learn about the various underwriting commitments, including firm commitment, standby, best efforts, and the compensation structures involved.
6. Exemptions from the Securities Act of 1933:
   Gain insight into exempt issuers, transactions, and the antifraud regulations under the Acts of 1933 and 1934, crucial for regulatory compliance.
7. Public Offerings vs. Private Placements:
   Compare public offerings and private placements, understanding the benefits and limitations of each in the context of securities issuance.
8. Greenshoe Option and Over-Allotments:
   Learn about the Greenshoe option, a key provision in underwriting agreements that allows for the overallotment of shares in a new issue.

Why Take This Model?

• Series 7 Exam Focused: This model is integral to the Series 7 Exam, covering essential topics that will help you achieve success.
• In-Depth Understanding: Gain a thorough understanding of the securities issuance process, from regulatory requirements to underwriting practices.
• Expert Instruction: Learn from professionals with extensive experience in securities issuance and investment banking, ensuring practical and relevant knowledge.
• Exclusive Content: This model is available exclusively to members, offering lifetime access and continuous updates to keep you ahead in your career.
• Practical Insights: Apply the knowledge gained in this model to real-world scenarios, enhancing your ability to navigate the complex landscape of securities issuance.

This model is available exclusively to members. Join Model 7: Issuing Securities to master the critical aspects of bringing new securities to market, ensuring you are fully prepared for the Series 7 Exam and beyond.

Best regards,
Finra Exam Mastery