Securities Institute of America - Wiley Series 4 Exam Review 2016 + Test Bank: The Registered Options Principal Examination

This series includes the following titles:

• Wiley Series 3 Exam Review 2016 + Test Bank: National Commodities Futures Examination
• Wiley Series 4 Exam Review 2016 + Test Bank: The Registered Options Principal Examination
• Wiley Series 6 Exam Review 2016 + Test Bank: The Investment Company and Variable Contracts Products Representative Examination
• Wiley Series 7 Exam Review 2016 + Test Bank: The General Securities Representative Examination
• Wiley Series 9 Exam Review 2016 + Test Bank: The General Securities Sales Supervisor ExaminationOption Module
• Wiley Series 10 Exam Review 2016 + Test Bank: The General Securities Sales Supervisor ExaminationGeneral Module
• Wiley Series 24 Exam Review 2016 + Test Bank: The General Securities Principal Examination
• Wiley Series 26 Exam Review 2016 + Test Bank: The Investment Company and Variable Contracts Products Principal Examination
• Wiley Series 55 Exam Review 2016 + Test Bank: The Equity Trader Examination
• Wiley Series 62 Exam Review 2016 + Test Bank: The Corporate Securities Representative Examination
• Wiley Series 63 Exam Review 2016 + Test Bank: The Uniform Securities State Law Examination
• Wiley Series 65 Exam Review 2016 + Test Bank: The Uniform Investment Adviser Law Examination
• Wiley Series 66 Exam Review 2016 + Test Bank: The Uniform Combined State Law Examination
• Wiley Series 99 Exam Review 2016 + Test Bank: The Operations Professional Examination

For more on this series, visit the website at www.wileysecuritieslicensing.com.

Cover Design: Wiley
Cover Image: iStockphoto.com / LuisB

Copyright 2016 by The Securities Institute of America, Inc. All rights reserved.

Published by John Wiley & Sons, Inc., Hoboken, New Jersey.
Previous editions published by The Securities Institute of America, Inc.
Published simultaneously in Canada.

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ISBN 978-1-119-11077-4 (Paperback)
ISBN 978-1-119-13861-7 (ePDF)
ISBN 978-1-119-13862-4 (ePub)

Congratulations! You are on your way to becoming a Series 4 registered options principal licensed to supervise a member firm's option business. The Series 4 exam will be presented in a 125-question multiple-choice format. Each candidate will have three hours to complete the exam. A score of 70% or higher is required to pass the Series 4 exam. The Series 4 is as much a knowledge test as it is a reading test. Your textbook and software from The Securities Institute will ensure that you have the required knowledge to pass the test and that you are confident in the application of the knowledge during the exam.

IMPORTANT EXAM NOTE

The Series 4 exam may use FINRA, NASD, or both to describe itself or its rules. Test takers are advised to be aware of this and to treat the two terms as interchangeable. This text in most instances uses the most up to date term FINRA.

FINRA has eliminated the compliance registered option principal (CROP) and Senior registered option principal (SROP) designations. The Series 4 exam may still use these terms. This text uses the most up to date term registered option and security futures principal (ROSFP) and makes note of the former duties of the CROP and SROP. Test takers should also use the terms ROP and ROSFP as interchangeable.

The Series 4 exam is presented in multiple-choice format on a touch screen computer known as the PROCTOR system. No computer skills are required, and candidates will find that the test screen works in the same way as an ordinary ATM machine. Each test is made up of 125 questions that are randomly chosen from a test bank of thousands of questions. Each Series 4 exam will have several practice questions that do not count toward the final score. The test has a time limit of three hours and is designed to provide enough time for all candidates to complete the exam. Each Series 4 exam will comprise questions that focus on the following areas:

It is recommended that the individual spend at least 50 to 60 hours preparing for the exam by reading the textbook, underlining key points, and taking as many practice questions as possible.

Test-Taking Tips

• Read the full question before answering
• Identify what the question is asking