Exam Code: Series7 Practice exam 2023 by Killexams.com team
Series7 General Securities Representative Series 7

Exam ID : Series7
Exam Title : General Securities Representative Series 7
Questions : 135 (125 Scored)
Unscored : 10
Duration : 3 hrs 45 min.

The Series 7 exam is designed to assess the competency of entry-level General Securities Representatives. The Series 7 exam seeks to measure the degree to which each candidate possesses the knowledge, skills and abilities needed to perform the critical functions of a General Securities Registered Representative. In order to obtain registration as a General Securities Representative, candidates must pass both the Series 7 exam and a general knowledge co-requisite, the Securities Industry Essentials (SIE) exam.

Seeks Business for the Broker-Dealer from Customers and Potential Customers 7%
Opens Accounts After Obtaining and Evaluating Customers Financial Profile and Investment Objectives 9%
Provides Customers with Information About Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records 73%
Obtains and Verifies Customers Purchase and Sales Instructions and Agreements; Processes, Completes and Confirms Transactions 11%

The exam is administered via computer. A tutorial on how to take the exam is provided prior to taking the exam. Each candidates exam includes 10 additional, unidentified pretest items that do not contribute toward the candidate's score. The pretest items are randomly distributed throughout the exam. Therefore, each candidates exam consists of a total of 135 items (125 scored and 10 unscored). There is no penalty for guessing. Therefore, candidates should attempt to answer all items. Candidates will be allowed 3 hours and 45 minutes to complete the Series 7 exam. All candidate test scores are placed on a common scale using a statistical adjustment process known as equating. Equating scores to a common scale accounts for the slight variations in difficulty that may exist among the different sets of exam items that candidates receive. This allows for a fair comparison of scores and ensures that every candidate is held to the same passing standard regardless of which set of exam items they received. Candidates are not permitted to bring reference materials to their testing session. Severe penalties are imposed on candidates who cheat or attempt to cheat on FINRA-administered exams.

Course Outline, exam Syllabus

Function 1: Seeks Business for the Broker-Dealer from Customers and Potential Customers
1.1 Contacts current and potential customers in person and by telephone, mail and electronic means; develops promotional and advertising materials and seeks appropriate approvals to distribute marketing materials
Knowledge of:
 Standards and required approvals of public communications
 Types of communications (e.g., retail, institutional, correspondence)
 Seminars, lectures and other group forum requirements
 Product specific advertisements and disclosures
 Investment company products and variable contracts
 Options-related communications; options disclosure document (ODD)
 Municipal securities
 Research reports (e.g., quiet periods, distribution, third-party research)
 Government securities, collateralized mortgage obligations (CMOs), certificates of deposit (CDs)
FINRA Rules
– Communications with the Public
– Communications with the Public about Variable Life Insurance and Variable Annuities
– Use of Investment Companies Rankings in Retail Communications
– Requirements for the Use of Bond Mutual Fund Volatility Ratings
– Communications with the Public about Collateralized Mortgage Obligations (CMOs)
– Options Communications
– Members Responsibilities Regarding Deferred Variable Annuities
– Options
SEC Rules and Regulations
Securities Act of 1933
Section 5 – Prohibitions Relating to Interstate Commerce and the Mails
156 – Investment Company Sales Literature
482 – Advertising by an Investment Company as Satisfying Requirements of Section 10
498 – Summary Prospectuses for Open-End Management Investment Companies
Securities Exchange Act of 1934
15c2-12 – Municipal Securities Disclosure
15c3-3 – Customer Protection — Reserves and Custody of Securities
Cboe Rules
9.8 – Addressing of Communications to Customers
9.9 – Delivery of Current Options Disclosure Documents
9.15 – Options Communications
MSRB Rule
G-21 – Advertising
1.2 Describes investment products and services to current and potential customers with the intent of soliciting business Knowledge of:
 Process for bringing new issues to market (e.g., due diligence, registration statement, preliminary prospectus, final prospectus, underwriting agreement, selling group agreement, blue-sky laws and procedures)
 Regulatory requirements for initial public offerings (IPOs) (e.g., restrictions on prospecting or soliciting, allowable communications with the public)
 Primary financing for municipal securities (e.g., competitive sale, negotiated sale, private offering, advance refunding)
 Syndicate formation and operational procedures (e.g., purpose of syndicate bid, roles and responsibilities of underwriters, selling group concession and reallowance)
 Pricing practices and components of underwriters spread and determination of underwriters compensation and selling practices
 Prospectus requirements (e.g., timeliness of information, preliminary prospectus (red herring), final prospectus)
 Information required in a registration statement and offering material on new issue (e.g., in pre-filing period, in cooling-off period, in post-registration period)
 Official statements, preliminary official statements, notice of sale for municipal securities
 Qualified institutional buyer (QIB) and accredited investor
 Qualification requirements for Regulation A offerings (e.g., filing of abbreviated registration statement and offering circular
 Regulation D offerings (e.g., exemption from SEC registration, access to capital markets, accredited investors)
 Securities and transactions exempted from registration, including Section 3(a)(11) of the Securities Act of 1933 and Rule 147 thereunder (i.e., intrastate offering)
 Regulatory requirements for private placements or resales
 Nonregistered foreign securities sold to institutions qualified in the U.S.
 Foreign securities prohibited from being sold to U.S. investors
FINRA Rules
– Networking Arrangements Between Members and Financial Institutions
– Tape Recording of Registered Persons by Certain Firms
– Corporate Financing Rule — Underwriting Terms and Arrangements
– Public Offerings of Securities with Conflicts of Interest
– Restrictions on the Purchase and Sale of Initial Equity Public Offerings
– New Issue Allocations and Distributions
– Sale of Securities in a Fixed Price Offering
– Disclosure of Price and Concessions in Selling Agreements
– Notification Requirements for Offering Participants
SEC Rules and Regulations
Securities Act of 1933
Section 3 – Exempted Securities
Section 4 – Exempted Transactions
– Communications Not Deemed a Prospectus
– Options Material Not Deemed a Prospectus
– Persons Deemed Not To Be Engaged in a Distribution and Therefore Not Underwriters
– Private Resales of Securities to Institutions
– Reclassification of Securities, Mergers, Consolidations and Acquisitions of Assets
– Intrastate Offers and Sales
– Post-filing Free Writing Prospectuses in Connection with Certain Registered Offerings
Securities Exchange Act of 1934
– Prohibition of Use of Manipulative or Deceptive Devices or Contrivances with Respect to Certain Securities Exempted from Registration
– Employment of Manipulative and Deceptive Devices by Brokers or Dealers
– Purchases of Certain Equity Securities by the Issuer and Others
– Delivery of Prospectus
– Records To Be Made by Certain Exchange Members, Brokers and Dealers
Regulation A – Conditional Small Issues Exemption
Regulation C – Registration
– Delayed or Continuous Offering and Sale of Securities
– Contents of Prospectus Used After Nine Months
– Prospectus for Use Prior to Effective Date
– Prospectus in a Registration Statement at the Time of Effectiveness
– Prospectus in a Registration Statement After Effective Date
– Conditions to Permissible Post-filing Free Writing Prospectuses
Regulation D – Rules Governing the Limited Offer and Sale of Securities Without Registration Under the Securities Act of 1933
– Use of Regulation D
– Definitions and Terms Used in Regulation D
– General Conditions to be Met
– Filing of Notice of Sale
– Exemption for Limited Offerings and Sales of Securities Not Exceeding $5,000,000
– Exemption for Limited Offers and Sales Without Regard to Dollar Amount of Offering
– Disqualifying Provision Relating to Exemptions under Rules 504 and 506
– Insignificant Deviations from a Term, Condition or Requirement of Regulation D
Regulation M
Regulation S – Rules Governing Offers and Sales Made Outside the United States Without Registration Under the Securities Act of 1933
Trust Indenture Act of 1939
MSRB Rules
– Primary Offering Practices
– Transactions with Employees and Partners of Other Municipal Securities Professionals
– Disclosures in Connection with Primary Offerings
– CUSIP Numbers, New Issue, and Market Information Requirements
– Solicitation of Municipal Securities Business
Function 2: Opens Accounts After Obtaining and Evaluating Customers Financial
Profile and Investment Objectives
2.1 Informs customers of the types of accounts and their appropriateness and provides
disclosures regarding various account types and restrictions
Knowledge of:
 Types of accounts (e.g., pattern day trading, prime brokerage, delivery verses payment/receive versus payment (DVP/RVP), advisory or fee-based)
 Account registration types (e.g., tenants in common (TIC), community property, sole proprietorship, partnership, unincorporated associations)
 Requirements for opening customer accounts
 Retirement plans and other tax advantaged accounts
 Transfers, rollovers, eligibility, distribution strategies and taxation (e.g., types of allowable contributions, distribution options, taxation of distribution at retirement, age restrictions for distributions, permissible investments)
 Employer-sponsored plans and ERISA (e.g., 457, defined benefit, profit-sharing, stock options and stock purchase, non-qualified deferred compensation programs)
 Wealth events (e.g., inheritance)
 Account registration changes and internal transfers
FINRA Rules
2270 – Day-trading Risk Disclosure Statement
2130 – Approval Procedures for Day-trading Accounts
4512 – Customer Account Information
4514 – Authorization Records for Negotiable Instruments Drawn from a Customers Account
4515 – Approval and Documentation of Changes in Account Name or Designation
Cboe Rule
9.1 – Opening of Accounts
Internal Revenue Code
219 – Retirement Savings
415 – Limitations on Benefits and Contributions Under Qualified Plans
529 – Qualified Tuition Programs
530 – Coverdell Education Savings Accounts
Employee Retirement Income Security Act of 1974 (ERISA)
2.2 Obtains and updates customer information and documentation, including required legal
documents and identifies and escalates suspicious activity
Knowledge of:
 Customer screening (e.g., customer identification program (CIP), know-your-customer (KYC), domestic or foreign residency and/or citizenship, corporate insiders, employees of broker-dealers or self-regulatory organizations (SROs))
 Information security and privacy regulations (e.g., initial privacy disclosures to customers, opt-out notices, disclosure limitations, exceptions)
 Account authorizations (e.g., power of attorney (POA), trust documents, corporate resolutions, trading authority, discretionary account documents)
FINRA Rule
408T – Discretionary Power in Customers Accounts
2090 – Know Your Customer
3260 – Discretionary Accounts
SEC Rules and Regulations
Securities Exchange Act of 1934
Section 3(a)(35) – Definitions and Application of Title – “Investment Discretion”
Regulation S-P – Privacy of Consumer Financial Information and Safeguarding Personal Information
Cboe Rule
9.4 – Discretionary Accounts
2.3 Makes reasonable efforts to obtain customer investment profile information including, but not limited to, the customer's other security holdings, financial situation and needs, tax status and investment objectives
Knowledge of:
 Essential facts regarding customers and customer relationships
 Financial factors relevant to assessing a customers investment profile
 Security holdings, other assets and liabilities, annual income, net worth, tax considerations
 Other considerations (e.g., age, marital status, dependents, employment, investment experience, home ownership and financing, employee stock options, insurance, liquidity needs)
 Investment objectives (e.g., preservation of capital, income, growth, speculation)
 Reasonable-basis suitability, customer-specific suitability and quantitative suitability
 Investment strategies and recommendations to hold
 Verification of investor accreditation and sophistication
FINRA Rules
2111 – Suitability
2214 – Requirements for the Use of Investment Analysis Tools
MSRB Rule
G-19 – Suitability of Recommendations and Transactions
2.4 Obtains supervisory approvals required to open accounts
Knowledge of:
 Required review, approvals and documentation for account opening and maintenance
 Physical receipt, delivery and safeguarding of cash or cash equivalents, checks and securities
 Circumstances for refusing or restricting activity in an account or closing accounts
FINRA Rules
3110 – Supervision
3120 – Supervisory Control System
Cboe Rule
9.2 – Supervision of Accounts
MSRB Rule
G-27 – Supervision
Function 3: Provides Customers with Information About Investments, Makes Suitable
Recommendations, Transfers Assets and Maintains Appropriate Records
3.1 Provides customers with information about investment strategies, risks and rewards, and communicates relevant market, investment and research data to customers
Knowledge of:
 Customer-specific factors that generally affect the selection of securities (i.e., customers investment profile, including the customers risk tolerance, investment time horizon and investment objectives, liquidity needs)
 Portfolio or account analysis and its application to security selection (e.g., diversification, asset allocation principles, concentration, volatility, potential tax ramifications)
 Portfolio theory (e.g., alpha and beta considerations, Capital Asset Pricing Model (CAPM))
 Delivery of annual reports and notices of corporate actions (e.g., dividends, splits, odd lot tenders)
 Fundamental analysis of financial statements and types of financial statements included in an annual report, importance of footnotes, material risk disclosures and key terms (e.g., assets, liabilities, capital, cash flow, income, earnings per share (EPS), book value, shareholders' equity, depreciation, depletion, goodwill)
 Balance sheet and methods of inventory valuation: last-in, first out (LIFO), first-in, first-out (FIFO) and methods of depreciation
 Income statement and calculations derived from an income statement: earnings before interest and taxes (EBIT); earnings before taxes (EBT); net profit; and earnings before interest, taxes, depreciation and amortization (EBITDA)
 Principal tools to measure financial health
 Liquidity: working capital, current ratio, quick assets, acid test ratio
 Risk of bankruptcy: bond ratio, debt-to-equity ratio
 Efficient use of assets: inventory turnover ratio, cash flow
 Profitability: margin-of-profit ratio, net profit ratio, asset coverage and safety of income (i.e., net asset value (NAV) per bond, bond interest coverage, book value per share)
 EPS: fully diluted EPS, price-earnings (P/E) ratio, dividend payout ratio, current yield
 Competitiveness (comparative performance): return on common equity
SEC Rules and Regulations
Securities Exchange Act of 1934
14e-3 – Transactions in Securities on the Basis of Material, Nonpublic Information in the Context of Tender Offers
14e-4 – Prohibited Transactions in Connection with Partial Tender Offers Cboe Rule
9.3 – Suitability of Recommendations
3.2 Reviews and analyzes customers' investment profiles and product options to determine suitable investment recommendations
Knowledge of:
Equity securities
 Types of stock (e.g., authorized, issued, outstanding, Treasury stock, stated value)
 Characteristics of common stock
 Rights of common stockholders (e.g., pre-emptive right, pro rata share of dividends, access to corporate books, voting power (statutory, cumulative, nonvoting), residual claims on corporate assets)
 Spinoffs
 Stock acquired through a consolidation or transfer
 Penny stocks and rules associated with penny stock transactions
 Characteristics of preferred stock
 Types of preferred stock (e.g., cumulative, non-cumulative, participating, nonparticipating, convertible, callable, adjustable-rate and variable-rate)
 Rights of preferred stockholders (e.g., preference upon corporate dissolution, dividend payment, conversions, sinking fund provisions)
 Rights and warrants: origination, exercise terms, relationship of subscription price to market price of underlying stock, anti-dilution agreement
 Electronic exchanges or auction markets (e.g., electronic communications networks (ECNs), over-thecounter (OTC), dark pools of liquidity)
 Types and characteristics of non-U.S. market securities (e.g., American Depositary Receipts (ADRs), corporate equity)
 Tax treatment of equity securities transactions
 Capital gains and losses, dividend distributions (qualified and non-qualified), wash sales, holding periods
 Determination of net long-term and short-term gains or losses
 When-issued securities, securities acquired through conversion
 Calculation of cost basis per share on: purchases, exchange of convertibles for common shares, stock dividends and stock rights, inherited or gifted securities
 Cost valuation: FIFO, LIFO, identified shares
Packaged products  Investment companies, exchange-traded funds (ETFs), unit investment trusts (UITs)
 Types of mutual funds: equity, fixed income, money market, interval
 Structure of investment companies (e.g., open-end and closed-end funds)
 Fund objectives (e.g., value, growth, income, balanced, international, sector, life cycle)
 Characteristics of:
 Open-end funds: e.g., NAV, forward pricing, offering price, exchange privileges within families of funds, fees and expenses: no load, load (front-end, back-end), distribution fees, management fees, nature of 12b-1 fees
 Closed-end funds: distributed in primary market at IPO price, traded in secondary market
 Sales practices (e.g., dollar-cost averaging (DCA), computing sales charge, breakpoints)
 Redemption (e.g., redemption price, payout or withdrawal plans, conversion privilege, restrictions, contingent deferred sales charge, tenders)
 Tax treatment of mutual funds
 Reinvestment of dividends and capital gain distributions
 Charges and expenses
 Variable life insurance/annuity contracts
 Characteristics and insurance features (e.g., minimum guarantees, death benefits, living benefits, riders)
 Separate accounts (e.g., purpose, management of portfolio, investment policies, performance of account)
 Valuation of a variable annuity contract (e.g., accumulation units, surrender value, annuitization units)
 Purchasing or exchanging variable annuities (e.g., immediate annuity, charges, fees, penalties, right of accumulation (ROA), waiver of premium)
 Annuitization: types of election, variable payout, assumed interest rate, relationship between assumed interest rate and genuine rate of return
 Tax treatment of variable annuity contracts during accumulation period and annuity period and taxation at surrender of contract
 Real estate investment trusts (REITs)
 Structure (e.g., finite number of shares, distributed in primary market at IPO price, traded in secondary market, premiums and discounts to NAV)
 Types and characteristics (e.g., equity REIT, mortgage REIT, hybrid REIT)
 Tax treatment (e.g., dividends, capital gains, distributions)
 Direct participation programs (DPPs)
 General characteristics
 Structures (e.g., limited partnerships (e.g., roles and duties of general partners vs. limited partners), limited liability companies, corporations that have tax pass-through exemption from the IRS)
 Tax treatment (e.g., flow-through of income, expenses and tax liability, real estate depreciation, oil and gas tax advantages)
 Types of DPPs (e.g., real estate, oil and gas, small-cap debt and equity, business development companies (BDCs), equipment leasing) and their investment advantages, risks and tax implications
 Types of DPP offerings (i.e., private placements and public offerings)
 Evaluation of DPPs (e.g., economic soundness of the program, expertise of the general partner, basic objectives of the program; start-up costs, leverage and other revenue considerations) Options
 Listed options and their characteristics (e.g., contract specifications and adjustments, dividends, exercise/assignment, settlement date, opening and closing transactions, values (premium, intrinsic and time), volume, open interest, position limits, exercise limits)
 The Options Clearing Corporation (OCC)
 American-style and European-style
 Long-term Equity AnticiPation Securities (LEAPS)
 Basic strategies (e.g., covered writing and hedging for equity, index, foreign currency and yield-based options)
 Protective put for equity and index options
 Covered call and put writing for equity options
 Advanced strategies (e.g., spreads, straddles, combinations, uncovered writing)
 Long (debit) and short (credit) spreads
 Straddle/combination for equity and index options
 Uncovered (naked) call or put writing for equity, index and yield-based options
 Profit and loss calculations, break-even points, economics of positions
 Tax treatment of option transactions (equity, index, foreign currency, yield-based)
Debt Securities
 Types of debt securities and money market instruments (e.g., corporate commercial paper, brokered CDs, Eurodollar bond, variable-rate preferreds)
 Characteristics: structure, risks and rewards, call provisions
 Structured products (e.g., equity-linked securities, exchange-traded notes (ETNs))
 Types and characteristics of non-U.S. market securities (e.g., sovereign and corporate debt)
 Types of yields (e.g., coupon (nominal), current, yield to maturity (YTM), yield to call (YTC), yield to worst and discount yield, calculations and relationship to price)
 Bond ratings
 Tax implications of taxable debt securities, including original issue discount (OID) rules, interest, principal, premiums, discounts, and capital gains and losses
Corporate bonds
 Types of corporate bonds (e.g., mortgage bonds, equipment trust certificates, debentures, step coupon bonds, zero-coupon bonds, convertible bonds, high-yield bonds, income bonds) and their characteristics
 Convertible bonds: general characteristics, (e.g., conversion privilege, fixed versus variable, conversion ratio or price, calculation of parity price of underlying security, arbitrage, factors influencing conversion)
Municipal securities
 General characteristics of municipal fund securities, method of quotations (e.g., yield/basis price, dollar price), interest rate, payment periods, denominations, diversity of maturities (e.g., serial, term) and legal opinion (purpose and contents)
 Analysis and diversification of municipal investments: geographical, type and rating
 Analysis of general obligation (GO) bonds, including: characteristics of the issuer, nature of the issuers debt, factors affecting the issuers ability to pay, municipal debt ratios
 Analysis of revenue bonds, including feasibility studies, sources of revenue, security (protective covenants of bond indenture), financial reports and outside audits, restrictions on the issuance of additional bonds, flow of funds, earnings coverage, sources of credit information, rating services, credit enhancements
 Purpose and characteristics of specific types of municipal securities:
 Types of municipal bonds (e.g., GO bonds, limited tax GO bonds and notes, revenue bonds, short-term municipal obligations (e.g., tax anticipation notes (TANs), bond anticipation notes (BANs), revenue anticipation notes (RANs), tax-exempt commercial paper, grant anticipation notes (GANs), tax and revenue anticipation notes (TRANs)))
 Special tax, special assessment, moral obligation, advance or pre-refunded, double-barreled, taxable (e.g., Build America bonds), OIDs, zero-coupon (capital appreciation) bonds, certificates of participation (COPs), alternative minimum tax (AMT), lease revenue, variable rate securities, auction rate securities
 Municipal fund securities including 529 college savings plans, local government investment pools (LGIPs), ABLE accounts (e.g., change in beneficiary, rollovers, ownership, tax consequences of unqualified withdrawals)
 Call features (e.g., par or premium, optional, mandatory, partial call, sinking fund, extraordinary calls, make whole calls), advantages/disadvantages to issuers and investors
 Put or tender options
 Refunding methods: direct exchange versus sale of new issue, advance refunding, refunding at call dates/current refunding, escrowed to maturity, crossover refunding
 Factors affecting the marketability of municipal bonds: rating, maturity, call features, interest (coupon) rate, block size, liquidity (ability to sell the bond in the secondary market), dollar/yield price, issuer name (local or national reputation), credit enhancement, credit and liquidity support, denominations
 Pricing of municipal securities and other mathematical calculations: dollar price, accrued interest (regular coupon, odd first coupon), computations of accrued interest (30/360), amortization of premium, accretion of discount, relationship of bond prices to changes in maturity, coupon, various yield calculations (taxable equivalent yield, net yield after capital gains tax, current yield, YTC on premium bonds) value of basis point, in default,
 Tax treatment of municipal securities: securities bought at a discount or premium in the secondary market, OID, federal income tax status, state and local tax status, computation of taxable equivalent yield, accrued interest, AMT, bonds, taxable bonds, bank qualified bonds Registered hedge funds and fund of funds
 Structure (e.g., private placements, registered, exemption from registration under the Investment Company Act of 1940, blind pool/ blank check)
 Characteristics (e.g., limited or no liquidity, limited available information, lock-up provisions, charges and expenses, tangible assets, wide array of investment styles, models and vehicles)
 Tax treatment of distributions
Asset-backed securities
 Collateralized mortgage obligations (CMOs)
 Collateralized debt obligations (CDOs)
 Characteristics (e.g., indenture, maturities, form of ownership, interest payment periods, call and put features, calculation of accrued interest, and specific characteristics (e.g., maturity, type of collateral, priority of claim, call provisions))
U.S. Treasury securities
 Treasury bills, notes, bonds
 Treasury receipts (Separate Trading of Registered Interest and Principal Securities (STRIPS)/zero-coupon)
 Treasury Inflation Protected Securities (TIPS)
 Characteristics (e.g., types, maturities, denominations, payment of interest)
U.S. government agency securities
 Government National Mortgage Association (GNMA)
 Federal National Mortgage Association (FNMA)
 Federal Home Loan Mortgage Corporation (FHLMC)
 Student Loan Marketing Association (SLMA)
 Characteristics: types, maturities, denominations, primary dealers, distribution, issue form, quotations, passthrough, calculating a spread, pricing, payment of interest and principal
FINRA Rules
2114 – Recommendations to Customers in OTC Equity Securities
2121 – Fair Prices and Commissions
2122 – Charges for Services Performed
2124 – Net Transactions with Customers
2310 – Direct Participation Programs
2320 – Variable Contracts of an Insurance Company
2341 – Investment Company Securities
2350 Series – Trading in Index Warrants, Currency Index Warrants, and Currency Warrants 4210(f)(2) – Definitions Related to Options, Currency Warrants, Currency Index Warrants and Stock Index Warrant Transactions
SEC Rules and Regulations
Securities Exchange Act of 1934
Section 9(a) – Prohibition Against Manipulation of Security Prices (Transactions Relating to Purchase or Sale of Security)
Exemption of Certain Issuers from Section 15(D) of the Act
3a51-1 – Definition of "Penny Stock"
15g-1 – Exemptions for Certain Transactions
15g-2 – Penny Stock Disclosure Document Relating to the Penny Stock Market
15g-5 – Disclosure of Compensation of Associated Persons in Connection with Penny Stock Transactions
15g-9 – Sales Practice Requirements for Certain Low-priced Securities
Investment Company Act of 1940
Section 2(a) – General Definitions
Section 10 – Affiliations or Interest of Directors, Officers and Employees
Section 12(a) – Functions and Activities of Investment Companies (Purchase of Securities on Margin;
Joint Trading Accounts; Short Sales of Securities; Exceptions)
Section 13(a) – Changes in Investment Policy (Prohibited Actions for Registered Investment Companies)
Section 15(a) – Investment Advisory and Underwriting Contracts (Written Contract to Serve or Act as Investment Adviser; Contents)
Section 16(a) – Changes in Board of Directors; Provisions Relative to Strict Trusts (Election of Directors)
Section 17(a) – Transactions of Certain Affiliated Persons and Underwriters (Prohibited Transactions)
Section 18 – Capital Structure
Section 19 – Dividends
Section 22 – Distribution, Redemption, and Repurchase of Redeemable Securities
Section 23 – Distribution and Repurchase of Securities: Closed-end Companies
Section 30 – Periodic and Other Reports; Reports of Affiliated Persons
Section 35 – Unlawful Representations and Names
Section 36 – Breach of Fiduciary Duty
Section 37 – Larceny and Embezzlement
12b-1 – Distribution of Shares by Registered Open-end Management Investment Company Cboe Rules
1.1 – Definitions
4.5 (f) – Long-term Equity Option Series (LEAPS®)
4.6 – Adjustments
6.20 (e) – Exercise of American-style Index Options
6.21 – Allocation of Exercise Notices
8.1 – Just and Equitable Principles of Trade
8.3 – Position Limits
8.31 – Position Limits for Broad-based Index Options
8.32 – Position Limits for Industry Index Options
8.41– Position Limits — Interest Rate Options
8.42 (b) – Exercise Limits — Index Options
8.42 (f) – Exercise Limits — Interest Rate Options
11.1 – Exercise of Option Contracts
MSRB Rules
D-12 – Definition of Municipal Fund Securities
G-13 – Quotations Related to Municipal Securities
G-17 – Conduct of Municipal Securities Activities
G-30 – Prices and Commissions
G-45 – Reporting of Information on Municipal Fund Securities
Real Estate Investment Trusts (REITs)
REIT Modernization Act of 1999
Internal Revenue Code
301 – Distributions of Property
316 – Dividend Defined
856 – Definition of Real Estate Investment Trust
858 – Dividends Paid by Real Estate Investment Trust After Close of Tax Year
1035 – Certain exchanges of Insurance Policies
1091 – Loss from Wash Sales of Stock or Securities
1233 – Gains and Losses from Short Sales
1256 – Contracts Marked to Market
3.3 Provides appropriate disclosures regarding investment products and their characteristics, risks, services and expenses
Knowledge of:
 Required disclosures on specific transactions (e.g., material aspects of investments, statement of additional information, material events, control relationships)
 Types of investment risk (e.g., call, systematic and nonsystematic, reinvestment, timing)
 Types of investment returns (e.g., tax-exempt interest, return of capital)
 Costs and fees associated with investments (e.g., markups, commissions, net transactions, share classes, non-discretionary fee-based accounts, surrender charges, 12b-1 fees, mortality and expense charges in variable products, soft dollar arrangements)
 Tax considerations (e.g., unification of gift and estate taxes, lifetime exclusion, annual gift limit, taxation of securities received as a gift, inheritance of securities)
 Market analysis considerations (e.g., market sentiment, market indexes, options volatility, put/call ratio, market momentum, available funds, trading volume, short interest, index futures)
 Market analysis considerations for municipal securities, including Bond Buyer indexes (e.g., 11 GO Bonds Index, Municipal Bond Index (40 Bond), 20 GO Bonds Index)
 Technical analysis of basic chart patterns and key terms (e.g., trend lines, saucer/inverted saucer, headand-shoulders/inverted head-and-shoulders, breakouts, resistance/support levels, moving averages, consolidation, stabilization, overbought and oversold)
 Disclosure of material events effecting retail sales of municipal bonds
FINRA Rule
2165 – Financial Exploitation of Specified Adults
SEC Rules and Regulations
Securities Exchange Act of 1934
Section 28(e) – Effect on Existing Law (Exchange, Broker, and Dealer Commissions; Brokerage and Research Services)
Internal Revenue Code
2503 – Taxable Gifts
3.4 Communicates with customers about account information, processes requests and retains documentation
Knowledge of:
 Customer confirmations and statements, including: components, timing, mailings to third parties, and exceptions
 Account value, profits and losses, realized and unrealized
 Withdrawals and tenders
 Customer account records (e.g., updating for change of address, sending required notifications, investment objectives)
 Transferring accounts between broker-dealers (e.g., Automated Customer Account Transfer Service (ACATS), transfer agent and procedures)
 Books and records retention requirements
 Account closure procedures
FINRA Rules
409T – Statements of Accounts to Customers
2231 – Customer Account Statements
2232 – Customer Confirmations
2273 – Educational Communication Related to Recruitment Practices and Account Transfers
4510 – Books and Records Requirements
11870 – Customer Account Transfer Contracts
SEC Rules and Regulations
Securities Exchange Act of 1934
10b-10 – Confirmation of Transactions
15g-6 – Account Statements for Penny Stock Customers
17a-4 – Records To Be Preserved by Certain Exchange Members, Brokers and Dealers
Regulation FD – Disclosure Requirements
Cboe Rules
6.1 – Reporting duties
7.1 – Maintenance, Retention and Furnishing of Books, Records and Other Information
7.2 – Reports of Uncovered Short Positions
7.3 – Financial Reports
7.4 – Audits
7.5 – Automated Submission of Trading Data
7.7 – Risk Analysis of Market-maker Accounts
7.8 – Risk Analysis of Portfolio Margin Accounts
7.9 – Regulatory Cooperation
9.5 – Confirmation to Customers
9.6 – Statements of Accounts to Customers
9.14 – Transfer of Accounts
MSRB Rules
G-8 – Books and Records To Be Made by Brokers, Dealers, and Municipal Securities Dealers and Municipal Advisors
G-9 – Preservation of Records
G-15 – Confirmation, Clearance, Settlement and Other Uniform Practice Requirements with Respect to Transactions with Customers
G-26 – Customer Account Transfers
Function 4: Obtains and Verifies Customers Purchase and Sales Instructions and Agreements; Processes, Completes and Confirms Transactions
4.1 Provides current quotes
Knowledge of:
 Orders, offerings and transactions in customer accounts (e.g., at advertised yield)
 Trade execution activities
 Types of securities quotes (e.g., firm, subject)
 Types of orders (e.g., all-or-none (AON), fill-or-kill (FOK), immediate-or-cancel (IOC), not-held, market-onclose (MOC), spread, straddle)
 Short sale requirements and strategies (e.g., order marking, locate, borrow and delivery, speculation, hedging, arbitrage)
 Securities lending (e.g., hard to borrow, fail to deliver)
 Best execution obligations
FINRA Rules
4320 – Short Sale Delivery Requirements
4551 – Requirements for Alternative Trading Systems to Record and Transmit Order and Execution Information for Security Futures
5210 – Publication of Transactions and Quotations
5220 – Offers and Stated Prices
5260 – Prohibition on Transactions, Publication of Quotations, or Publication of Indications of Interest During Trading Halts
5290 – Order Entry and Execution Practices
5310 – Best Execution and Interpositioning
6100 Series – Quoting and Trading in NMS stocks
6110 – Trading Otherwise than on an Exchange
6120 – Trading Halts
6121 – Trading Halts Due to Extraordinary Market Volatility
6130 – Transactions Related to Initial Public Offerings
6400 Series – Quoting and Trading in OTC Equity Securities
6500 Series – OTC Bulletin Board® Service
6600 Series – OTC Reporting Facility
11860 – COD Orders
SEC Rules and Regulations
Securities Exchange Act of 1934
15c2-7 – Identification of Quotations
15c2-11 – Initiation or Resumption of Quotations Without Specified Information
15g-3 – Broker or Dealer Disclosure of Quotations and Other Information Relating to the Penny Stock Market
15g-4 – Disclosure of Compensation to Brokers or Dealers
Regulation ATS – Alternative Trading Systems
Regulation SHO – Regulation of Short Sales
Cboe Rules
5.33 – Certain Types of Orders Defined
5.7 – Required Order Information
NYSE Rules
7.12 – Trading Halts Due to Extraordinary Market Volatility
7.31 – Orders and Modifiers
7.35 Series – Auctions
7.37 – Order Execution and Routing
54 – Dealings on the Floor-persons
64 -- Bonds, Rights and 100-Share-Unit Stocks
71 – Precedence of Highest Bid and Lowest Offer
72(d) – Priority of Cross Transactions and Supplemental Material .10 – Definition of a Block
74 – Publicity of Bids and Offers
75 – Disputes as to Bids and Offers
76 – “Crossing” Orders
77 – Prohibited Dealings and Activities
80B – Trading Halts Due to Extraordinary Market Volatility
104 – Dealings and Responsibilities of DMMs
123A – Miscellaneous Requirements
123D(d) – Initial Listing Regulatory Halt
127 – Block Crosses Outside of the Prevailing NYSE Quotation
1000 – Automatic Executions
1001 – Execution of Automatically Executing Orders
1002 – Availability of Automatic Execution Feature
1004 – Election of Buy Minus Zero Plus Orders
4.2 Processes and confirms customers transactions pursuant to regulatory requirements and informs customers of delivery obligations and settlement procedures
Knowledge of:
 Information required on an order ticket (e.g., symbol, account number, price)
 Market making activities: role and functions of the designated market maker, listing requirements, limitations on trading during significant market declines, principal transactions, agency transactions, quotations (e.g., firm, subject or otherwise qualified, bid wanted, offer wanted, size obligations), SEC order handling rules, transaction reporting
 Use of automated execution systems
 Regulatory reporting requirements (e.g., Order Audit Trail System (OATS), Trade Reporting and Compliance Engine (TRACE), Electronic Municipal Market Access (EMMA), trade reporting facility (TRF), Real-Time Transaction Reporting System (RTRS))
 Delivery requirements
 Good delivery (e.g., certificates in possession of the seller, certificates in the name of two persons, deceased owner, stock or bond powers, mutilated certificates, due bills, DVP/RVP, book entry securities, stock certificate, endorsements, denominations, bearer, registrar, registered, Direct Registration System (DRS))
 Settlement of transactions (e.g., security-specific requirements, when-, as- and if-issued, ex-rights, exdividends, due bill checks, negotiated settlements, option exercise/assignment, dont know (DK), extensions)
FINRA Rules
5330 – Adjustment of Orders
6000 Series – Quotation, Order, and Transaction Reporting Facilities
6140 – Other Trading Practices
6700 Series – Trade Reporting and Compliance Engine
7000 Series – Clearing, Transactions and Order Data Requirements, and Facility Charges
11000 Series – Uniform Practice Code
SEC Rules and Regulations
Securities Exchange Act of 1934
15c6-1 – Settlement Cycle
Cboe Rules
6.20 – Exercise of Options Contracts
6.21 – Allocation of Exercise Notices
6.22 – Delivery and Payment
MSRB Rules
G-12 – Uniform Practice
G-14 – Reports of Sales or Purchases
Nasdaq Stock Market Rules
4600 Series – Requirements for Nasdaq Market Makers and Other Nasdaq Market Center Participants
4750 Series – Nasdaq Market Center-Execution Services
NYSE Rules
63 – “When Issued”— “When Distributed”
130 Series – Comparison and Exchange of Contracts
133 – Comparison—Non-cleared Transactions
135 – Differences and Omissions—Cleared Transactions (“DKs”)
136 – Comparison—Transactions Excluded from a Clearance
4.3 Informs the appropriate supervisor and assists in the resolution of discrepancies, disputes, errors and complaints
Knowledge of:
 Erroneous reports, errors, cancels and rebills
 Requirements for addressing customer complaints and consequences of improper handling of complaints
 Methods of formal resolution (e.g., arbitration, mediation, litigation)
 Form U4 reporting requirements
FINRA Rules
4513 – Records of Written Customer Complaints
4530 – Reporting Requirements
8000 Series – Investigations and Sanctions
11892 – Clearly Erroneous Transactions in Exchange-listed Securities
11893 – Clearly Erroneous Transactions in OTC Equity Securities
12000 Series – Code of Arbitration Procedure for Customer Disputes
13000 Series – Code of Arbitration Procedure for Industry Disputes
14000 Series – Code of Mediation Procedure
Cboe Rules
5.11 – Price Binding Despite Erroneous Report
9.17 – Customer Complaints
4.4 Addresses margin issues
Knowledge of:
 Requirements and characteristics of margin accounts (e.g., minimums, approvals, ineligible accounts, eligible/ineligible securities), and required disclosures (e.g., interest rate disclosure and hypothecation)
 Product or strategy specific requirements (e.g., Treasury securities, mutual funds)
 Calculations in margin accounts (e.g., long and/or short positions)
 Initial margin: long market value, short market value, debit balance, credit balance, initial Regulation T margin requirement on long or short positions, Regulation T requirement for established accounts, loan value, excess equity, buying power of deposited securities
 Maintenance: additional purchases, sales (long or short), cash withdrawals, stock withdrawals, simultaneous purchases and sales, restrictions, liquidation to meet a margin/maintenance call, deposit of cash or securities required to meet a margin or maintenance call
 Special memorandum account (SMA): balance, buying power, prohibited use of SMA, effect of excess equity, deposit of marginable securities, receipt of cash dividends and earned interest, liquidation of securities in the account, cash or securities withdrawals, new margin securities purchased or sold short
 Other margin accounts (e.g., portfolio margin, day trading)
FINRA Rules
2264 – Margin Disclosure Statement
4210 – Margin Requirements
Cboe Rules
10.1 – General Rules
10.2 – Time Margin Must Be Obtained
10.3 – Margin Requirements
10.4 – Portfolio Margin
10.5 – Determination of Value for Margin Purposes
10.6 – "When Issued" and "When Distributed" Securities
10.7 – Guaranteed Accounts
10.8 – Meeting Margin Calls by Liquidation Prohibited
10.9 – Margin Required Is Minimum
10.10 – Compliance with Margin Requirements of New York Stock Exchange
10.11 – Daily Margin Record
Federal Reserve
Regulation T – Credit by Brokers and Dealers

General Securities Representative Series 7
Business-Tests Representative test
Killexams : Business-Tests Representative test - BingNews https://killexams.com/pass4sure/exam-detail/Series7 Search results Killexams : Business-Tests Representative test - BingNews https://killexams.com/pass4sure/exam-detail/Series7 https://killexams.com/exam_list/Business-Tests Killexams : State Representative wants to replace the STAAR Test

State Representative Matt Shaheen also addresses school choice; he says this session is the session if anything is going to be done around school choice.

TEXAS, USA — After past efforts have failed to replace the State of Texas Assessments of Academic Readiness (STAAR) test or eliminate it from public schools, a Republican is trying again this legislative session.

State Representative Matt Shaheen, whose district covers the western part of Colling County, filed legislation to replace the STAAR test. He’s talked with principals, teachers, parents and students in his state representative district. And he thinks it’s time to let school districts select their own standardized testing.

“The STAAR test is well-meaning, but it really isn’t an effective way to measure the progress of our students and assessing how our students are doing,” Shaheen said on Inside Texas Politics.

Shaheen says there are a lot of different options out there districts could use instead of the STARR test. And he is open to anything.

However, replacing the STARR test could still be difficult or impossible to do. While Shaheen wants the test replaced, Texas Education Agency Commissioner Mike Morath defends it and wants to look at ways to make it better. Shaheen has spoken with Morath several times.

“The dialogue with Commissioner Morath, and I think he’s a great commissioner and does a great job - he’s very big on testing and I am too, rating where our students are at, where our schools are at. I just don’t agree with him on the right vehicle,” Shaheen said.

Shaheen also addressed school choice.

School vouchers have had a lot of pushback in previous sessions from legislators who represent rural school districts. However, Gov. Greg Abbott is now supporting something called Education Savings Account (ESA). This will let parents use a portion of tax money to pay for anything education-related such as private schools and tutoring.

Could ESA now be the key to expanding school choice? Shaheen thinks this is the session if anything is going to be done surrounding school choice. Still, bringing lawmakers on board who represent rural areas could be difficult.

“The challenge is more of our rural legislators,” Shaheen said.

Mon, 06 Feb 2023 07:17:00 -0600 en-US text/html https://www.wfaa.com/article/news/politics/inside-politics/texas-politics/state-representative-wants-replace-staar-test/287-7885a4d8-446a-427d-95ad-45e34af2e475
Killexams : Joby Begins Testing at World’s Largest Wind Tunnel Facility

SANTA CRUZ, Calif., February 16, 2023--(BUSINESS WIRE)--Joby Aviation, Inc. (NYSE:JOBY), a company developing all-electric aircraft for commercial passenger service, today announced it is beginning testing at the National Full-Scale Aerodynamic Complex (NFAC), the world’s largest wind tunnel facility, at NASA’s Ames Research Center in California’s Silicon Valley.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230216005794/en/

A Joby propeller installed at the National Full-Scale Aerodynamic Complex (NFAC), the world’s largest wind tunnel facility, at NASA’s Ames Research Center. Credit: Joby Aviation (c) Joby Aero, Inc.

The NFAC, managed by the U.S. Air Force’s Arnold Engineering Development Complex, contains the two largest operational wind tunnels in the world. Data from propeller testing in the NFAC — widely considered to be the gold standard for aircraft aerodynamics and performance — was instrumental in the development of a range of iconic vehicles, including the space shuttle, the V-22 Osprey, the F-35 Joint Strike Fighter, and a number of next-generation helicopters.

Joby is believed to be the first electric vertical take-off and landing (eVTOL) company to test its propeller in the NFAC’s 40-by-80 foot wind tunnel.

"Testing is a critical part of our aircraft program and the opportunity to gather data on the performance of our propellers in one of the world’s largest wind tunnels is an exciting step toward commercialization," said JoeBen Bevirt, Founder and CEO of Joby.

"This facility helped introduce historic aircraft to the world, and now it’s doing the same for the next generation of sustainable aviation," he added.

Lt Col Tom Meagher, Lead for AFWERX Prime programs, commented: "A cornerstone of the AFWERX Agility Prime program is fostering interagency partnerships and collaboration to progress the advanced air mobility segment. The NFAC testing is a perfect example of utilizing unique government test resources and infrastructure critical to enabling industry progression."

The test campaign will cover all tilt angles and speeds through the expected flight envelope, providing Joby with consistent and high-fidelity data on the performance, loads, and acoustics of its propeller systems in support of its certification program with the Federal Aviation Administration (FAA).

Working in partnership with the U.S. Air Force and NASA, Joby is installing a production-intent electric propulsion unit and propeller assembly in the wind tunnel mounted to a six-degree-of-freedom force and moment balance to capture performance data. The blades are instrumented to measure the loads experienced while rotating, and a representative wing section of the Joby aircraft allows careful analysis of aerodynamic interference effects.

The NFAC propeller test campaign is expected to produce data of unparalleled quality – exceeding what is captured during normal flight testing – due to superior instrumentation and precise control of variables. The full test campaign is expected to take several months to complete.

Joby and NASA previously partnered on a variety of projects exploring electric aircraft technology, including the design of the agency’s all-electric X-57 Maxwell prototype. The agency also completed a two-week acoustic testing program with Joby in 2022 as part of NASA’s Advanced Air Mobility National Campaign.

With more than 1,000 test flights completed, Joby’s piloted, all-electric aircraft is designed to offer a faster and quieter method of aerial transportation across cities and communities with zero operating emissions. Joby expects to launch commercial aerial ridesharing service in the United States in 2025.

About Joby

Joby Aviation, Inc. (NYSE:JOBY) is a California-based transportation company developing an all-electric, vertical take-off and landing aircraft which it intends to operate as part of a fast, quiet, and convenient service in cities around the world. To learn more, visit www.jobyaviation.com.

Forward Looking Statements

This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding the development and performance of our aircraft, including our expectation to start commercial passenger service in 2025, the expected benefits of our testing program with NFAC; and our current expectations relating to our business. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as "anticipate", "estimate", "expect", "project", "plan", "intend", "believe", "may", "will", "should", "can have", "likely" and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. All forward looking statements are subject to risks and uncertainties that may cause genuine results to differ materially, including: our ability to launch our aerial ridesharing service and the growth of the urban air mobility market generally; our ability to produce aircraft that meet our performance expectations in the volumes and on the timelines that we project, and our ability to launch our service; the competitive environment in which we operate; our future capital needs; our ability to adequately protect and enforce our intellectual property rights; our ability to effectively respond to evolving regulations and standards relating to our aircraft; our reliance on third-party suppliers and service partners; uncertainties related to our estimates of the size of the market for our service and future revenue opportunities; and other important factors discussed in the section titled "Risk Factors" in our Annual Report on Form 10-K, filed with the Securities and Exchange Commission (the "SEC") on March 28, 2022, and in future filings and other reports we file with or furnish to the SEC. Any such forward-looking statements represent management’s estimates and beliefs as of the date of this presentation. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230216005794/en/

Contacts

Joby Aviation
Investors:
investors@jobyaviation.com

Media:
press@jobyaviation.com

Thu, 16 Feb 2023 07:05:00 -0600 en-US text/html https://finance.yahoo.com/news/joby-begins-testing-world-largest-210500909.html
Killexams : ChatGPT is nearly capable of passing the US Medical Licensing Exam

Before long, it’ll be easier to list the tasks ChatGPT can’t complete than the ones it can. We have already shared reports about ChatGPT passing law school and business school exams, and now a new study reveals that the AI chatbot can also pass the United States Medical Licensing exam (USMLE), though its score isn’t especially impressive.

Researchers from healthcare startup Ansible Health shared the results of their study in the journal PLOS Digital Health on February 9. They found that ChatGPT was able to score “at or around the approximately 60 percent passing threshold” for the licensing exam.

As the website explains, the USMLE is a three-step exam that physicians are required to take for medical licensure in the US. In addition to testing the skills and medical knowledge of prospective physicians, the test also assesses their values and attitudes.

After eliminating image-based questions, the researchers fed ChatGPT 350 of the 376 questions from the June 2022 USMLE. Across the three exams, ChatGPT scored between 52.4% and 75%. In most years, the passing threshold is around 60%. ChatGPT also outscored PubMedGPT — a model trained exclusively on biomedical literature — which scored 50.8%.

The authors say: “Reaching the passing score for this notoriously difficult expert exam, and doing so without any human reinforcement, marks a notable milestone in clinical AI maturation.”

Shortly after the study was published, the Federation of State Medical Boards and National Board of Medical Examiners, both USMLE co-sponsors, shared a statement of their own. They note that two exact studies used test prep material and practice questions as opposed to genuine USMLE exam questions. As such, ChatGPT’s achievement comes with an asterisk:

…it’s important to note that the practice questions used by ChatGPT are not representative of the entire depth and breadth of USMLE exam content as experienced by examinees. For example, certain question types were not included in the studies, such as those using pictures, heart sounds, and computer-based clinical skill simulations. This means that other critical test constructs are not being represented in their entirety in the studies.

“Although there is insufficient evidence to support the current claims that AI can pass the USMLE Step exams, we would not be surprised to see AI models Boost their performance dramatically as the technology evolves,” the groups added. “If utilized correctly, these tools can have a positive impact on how assessments are built and how students learn.”

Tue, 14 Feb 2023 08:53:00 -0600 en-US text/html https://bgr.com/tech/chatgpt-is-nearly-capable-of-passing-the-us-medical-licensing-exam/
Killexams : Chinese cities offer Covid testing services

A NUMBER of Chinese cities have launched door services for Covid-19 antibody testing via e-commerce platforms after canceling mass testing in the country. The service is priced from 299 yuan ($43.82) to 599 yuan per individual, the Global Times learned.

According to product information listed on e-commerce platforms, users can make an appointment after purchasing the product, and they will enjoy the door-to-door service the next day. The test results will be received within 1-2 working days.

The Global Times on Monday learned from a product detail on Meituan, a China-based e-commerce platform providing home and lifestyle services that residents in Beijing, Shanghai and Nanjing can enjoy the home check-up service, with a single service price of 299 yuan per person.

At an online medical flagship store on e-commerce platform JD.com, the price of a single person for the door-to-door Covid-19 antibody test service in Beijing was as high as 599 yuan, much higher than the service provided by hospitals.

A customer service representative from the store told the Global Times on Monday that they offer in-home testing without the need to wait in line, meaning in real terms the product does cost a little more than the current service offered by hospitals.

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The representative added that the nurses who conduct the door-to-door sampling are all licensed, and the result will be sent to the customer's email in about 24 hours after the sampling is complete.

According to a notice issued on Feb. 3, 2023, the Hunan Provincial Center for Disease Control and Prevention (CDC) said that the Covid-19 antibody test helps assess the immune status of rehabilitation from the disease and resistance to secondary infection, and can be used as a basis for the auxiliary diagnosis of virus infection.

Chen Cao, a researcher from National Institute for Viral Disease Control and Prevention, China CDC, said on February 9 that through the antibody test, the administration can obtain specific antibody levels for each age-group as well as urban and rural residents, so as to estimate the level of antibodies to the virus present in the whole population.

Chen added that people who have recently recovered from an infection can estimate antibody persistence levels through antibody testing; those who are vaccinated but not infected can be tested to estimate the level of antibodies after vaccination.

According to the Beijing CDC, the current situation of the epidemic in the city is stable. Last week, the number of cases dropped a massive 92.21 percent from the peak of the outbreak late last year, and the rate of positive detection of the virus via nucleic acid testing continued to decline.

Tue, 14 Feb 2023 10:00:00 -0600 en text/html https://www.manilatimes.net/2023/02/15/business/foreign-business/chinese-cities-offer-covid-testing-services/1878721
Killexams : 64Gbps 2x DP3T switch for loopback testing Killexams : 64Gbps 2x DP3T switch for loopback testing Wed, 01 Feb 2023 09:59:00 -0600 David Manners en-GB text/html https://www.electronicsweekly.com/news/business/814046-2023-02/ Killexams : Failing internal tests, 600 trainees allegedly let go at Infosys

Indian IT giant Infosys has sacked hundreds of fresher employees after they failed to clear the internal fresher assessment (FA) test, Business Today has learnt.

A fresher who was onboarded at the company in August 2022 told Business Today, “I started working at Infosys in August last year and I was given training for SAP ABAP stream. Out of 150 in my team, only 60 people passed the FA exam. Rest all of us were terminated two weeks ago. From the previous batch (freshers who were onboarded in July 2022 ), nearly 85 freshers were terminated out of 150 after failing the test.”

Also Read: Job seekers in despair allege Infosys, HCL Tech, Tech Mahindra delayed onboarding - BusinessToday

Sources claim that 600 employees have been terminated after failing the internal test. “Two weeks ago, 208 freshers were fired after failing the FA test. In total, around 600 freshers have been fired after failing the FA test in the past few months.”

Business Today reached out to Infosys for a confirmation on the number of employees that have been terminated but the company declined to disclose the same.

The fired employees claim that failing the internal test did not result in termination for freshers who joined before July, 2022. A company representative claims that failing the internal test had always resulted in sackings.

This development comes on the backdrop of hundreds of freshers awaiting onboarding at the company for over 8 months after receiving an offer letter.

Also Read: Infosys, TCS, HCL Tech: Fresher hiring drops across major IT companies in Q3 FY23 - BusinessToday

A techie awaiting onboarding told Business Today, "Even though I have a job offer from India's top IT company Infosys, I am still staring at a grim future. I already have a gap in my resume because of all the waiting and no income from past several months. On top of that Infosys has not given any clarity on timeline of onboarding. And now some of my friends who got onboarded are fired, that makes me feel scared about my prospects as it was always thought that IT sector is mass recruiter and there are always opportunities, but it is changing."

Two weeks ago, Business Today reported that IT services Wipro had laid off hundreds of employees after they failed the company's internal test. Sources allege that 800 freshers were sacked from Wipro while the company claimed that the terminations were limited to 452 people.

Also Read: Wipro sacks freshers; 452 employees fired after internal test - BusinessToday

Sun, 05 Feb 2023 01:07:00 -0600 en text/html https://www.businesstoday.in/latest/corporate/story/failing-internal-tests-600-trainees-allegedly-let-go-at-infosys-368994-2023-02-05
Killexams : Olaplex fights back against lawsuit accusing the buzzy brand of causing hair loss
  • Olaplex, facing a new lawsuit over its hair products, said tests show its products are safe.
  • The brand, a staple in TikTok hair care routines, posted "third-party" test records on its website.
  • Customers suing Olaplex alleged they experienced "bald spots" and other scalp problems.

Olaplex is fighting back against a new lawsuit accusing its products of causing hair and scalp damage, including "bald spots" and blisters.

Immediately after the lawsuit filing last week, the brand added a new section to its website titled "testing results," where it posted records of clinical tests that it said prove its products are "safe and effective" and "do not cause hair loss or hair breakage." 

"We have chosen to release these results now in the face of this misinformation because we want to reassure our millions of happy customers that they can continue to use our products with confidence," an Olaplex representative told Insider. 

Olaplex said that the "independent third-party laboratory" testing included Human Repeat Insult Patch tests, a form of clinical study often used to gauge allergic reactions to cosmetic products. The company said the tests were conducted on study participants with both normal and sensitive skin, and involved products in its series from Olaplex No. 0 to No. 9.  

"When the products pass such a test, it means the product does not cause inflammation or sensitivity," Olaplex wrote on its site. "As such, there is no induced inflammation to the hair follicle, which is the primary cause of hair loss." 

The customers who sued Olaplex this month in California federal court alleged that the hair care products contain ingredients like panthenol and sodium benzoate, which they said can cause skin and health problems. 

They also alleged that Olaplex's product usage instructions — which in some cases suggest leaving products in the hair for a period of time — can cause skin problems and block hair follicles. 

A representative for Olaplex denied the lawsuit's allegations, saying, "We have full confidence and believe in the safety and efficacy of our products, which are thoroughly tested in-house and by independent third-party laboratories." 

Olaplex hasn't yet filed a formal response to the allegations in the lawsuit, according to the docket. 

The test reports that Olaplex posted were issued by a number of laboratories including BioScreen Testing Services Inc., Consumer Product Testing Company, and Brazil-based Allergisa Pesquisa Dermato Cosmética Ltda. 

An attorney for the plaintiffs, Amy Davis, told Insider on Wednesday that testing conditions don't recreate "the real world use of the product." 

Some of the test reports posted on the Olaplex site described how a measured quantity of product was applied to the skin, sometimes with filter paper over it, depending on the type of test. Davis said also that such tests would use diluted versions of the product.  

"It's like putting a drop of the product in the ocean," Davis said.  

A representative for Olaplex said on Wednesday that the HRIPT reports are "industry standard and reflect the use of Olaplex products under real world conditions." 

"Any allegation to the contrary is without scientific merit," the representative said. 

The company said it posted the results on its website on Feb. 10, the day after customers filed their suit. 

"Experiencing hair loss is a difficult and painful experience, and we are sympathetic to anyone in that position, but we remain confident in the overwhelming evidence showing that Olaplex products are safe and effective," the representative said.

Do you work at Olaplex or have information to share? Contact Sindhu Sundar at ssundar@insider.com or on the encrypted messaging app Signal at (984)-377-3887.

Thu, 16 Feb 2023 03:22:00 -0600 en-US text/html https://www.businessinsider.com/olaplex-responds-after-lawsuit-claims-hair-loss-2023-2
Killexams : Joby Begins Testing at World’s Largest Wind Tunnel Facility

SANTA CRUZ, Calif.--(BUSINESS WIRE)--Feb 16, 2023--

Joby Aviation, Inc. (NYSE:JOBY), a company developing all-electric aircraft for commercial passenger service, today announced it is beginning testing at the National Full-Scale Aerodynamic Complex (NFAC), the world’s largest wind tunnel facility, at NASA’s Ames Research Center in California’s Silicon Valley.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230216005794/en/

A Joby propeller installed at the National Full-Scale Aerodynamic Complex (NFAC), the world’s largest wind tunnel facility, at NASA’s Ames Research Center. Credit: Joby Aviation (c) Joby Aero, Inc.

The NFAC, managed by the U.S. Air Force’s Arnold Engineering Development Complex, contains the two largest operational wind tunnels in the world. Data from propeller testing in the NFAC — widely considered to be the gold standard for aircraft aerodynamics and performance — was instrumental in the development of a range of iconic vehicles, including the space shuttle, the V-22 Osprey, the F-35 Joint Strike Fighter, and a number of next-generation helicopters.

Joby is believed to be the first electric vertical take-off and landing (eVTOL) company to test its propeller in the NFAC’s 40-by-80 foot wind tunnel.

“Testing is a critical part of our aircraft program and the opportunity to gather data on the performance of our propellers in one of the world’s largest wind tunnels is an exciting step toward commercialization,” said JoeBen Bevirt, Founder and CEO of Joby.

“This facility helped introduce historic aircraft to the world, and now it’s doing the same for the next generation of sustainable aviation,” he added.

Lt Col Tom Meagher, Lead for AFWERX Prime programs, commented: “A cornerstone of the AFWERX Agility Prime program is fostering interagency partnerships and collaboration to progress the advanced air mobility segment. The NFAC testing is a perfect example of utilizing unique government test resources and infrastructure critical to enabling industry progression.”

The test campaign will cover all tilt angles and speeds through the expected flight envelope, providing Joby with consistent and high-fidelity data on the performance, loads, and acoustics of its propeller systems in support of its certification program with the Federal Aviation Administration (FAA).

Working in partnership with the U.S. Air Force and NASA, Joby is installing a production-intent electric propulsion unit and propeller assembly in the wind tunnel mounted to a six-degree-of-freedom force and moment balance to capture performance data. The blades are instrumented to measure the loads experienced while rotating, and a representative wing section of the Joby aircraft allows careful analysis of aerodynamic interference effects.

The NFAC propeller test campaign is expected to produce data of unparalleled quality – exceeding what is captured during normal flight testing – due to superior instrumentation and precise control of variables. The full test campaign is expected to take several months to complete.

Joby and NASA previously partnered on a variety of projects exploring electric aircraft technology, including the design of the agency’s all-electric X-57 Maxwell prototype. The agency also completed a two-week acoustic testing program with Joby in 2022 as part of NASA’s Advanced Air Mobility National Campaign.

With more than 1,000 test flights completed, Joby’s piloted, all-electric aircraft is designed to offer a faster and quieter method of aerial transportation across cities and communities with zero operating emissions. Joby expects to launch commercial aerial ridesharing service in the United States in 2025.

About Joby

Joby Aviation, Inc. (NYSE:JOBY) is a California-based transportation company developing an all-electric, vertical take-off and landing aircraft which it intends to operate as part of a fast, quiet, and convenient service in cities around the world. To learn more, visit www.jobyaviation.com.

Forward Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding the development and performance of our aircraft, including our expectation to start commercial passenger service in 2025, the expected benefits of our testing program with NFAC; and our current expectations relating to our business. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. All forward looking statements are subject to risks and uncertainties that may cause genuine results to differ materially, including: our ability to launch our aerial ridesharing service and the growth of the urban air mobility market generally; our ability to produce aircraft that meet our performance expectations in the volumes and on the timelines that we project, and our ability to launch our service; the competitive environment in which we operate; our future capital needs; our ability to adequately protect and enforce our intellectual property rights; our ability to effectively respond to evolving regulations and standards relating to our aircraft; our reliance on third-party suppliers and service partners; uncertainties related to our estimates of the size of the market for our service and future revenue opportunities; and other important factors discussed in the section titled “Risk Factors” in our Annual Report on Form 10-K, filed with the Securities and Exchange Commission (the “SEC”) on March 28, 2022, and in future filings and other reports we file with or furnish to the SEC. Any such forward-looking statements represent management’s estimates and beliefs as of the date of this presentation. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.

View source version on businesswire.com:https://www.businesswire.com/news/home/20230216005794/en/

CONTACT: Joby Aviation

Investors:

investors@jobyaviation.comMedia:

press@jobyaviation.com

KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: AEROSPACE MANUFACTURING ALTERNATIVE ENERGY OTHER SCIENCE ENERGY RESEARCH SCIENCE

SOURCE: Joby Aviation, Inc.

Copyright Business Wire 2023.

PUB: 02/16/2023 04:05 PM/DISC: 02/16/2023 04:04 PM

http://www.businesswire.com/news/home/20230216005794/en

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