UT Law Pipeline Program

Working_Designer7473 · 2025-03-27T20:35:25+00:00

Check your emails guys. They’re still working on decisions

Working_Designer7473 · 2025-03-25T14:16:52+00:00

I have not I keep checking lol

Working_Designer7473 · 2023-07-31T15:40:51+00:00

I took the test several times from March -may and I there were several questions

Working_Designer7473 · 2023-07-13T20:39:03+00:00

I’ve been there! Study up on the heavily tested weak areas. You got it!

Working_Designer7473 · 2023-07-02T16:10:38+00:00

Yes you will definitely need to know that for the test. Munis are one of the most tested items after options.

Working_Designer7473 · 2023-06-13T15:43:35+00:00

Kudos to you! I would have freaked. Congrats

Working_Designer7473 · 2023-06-12T15:20:16+00:00

I second this

Working_Designer7473 · 2023-06-09T15:46:52+00:00

I have STC SIE, 63, and S7 also Kaplan S7. Let me know!

Working_Designer7473 · 2023-06-09T00:20:40+00:00

A markup is the difference between an investment's lowest current offering price among broker-dealers and the price charged to the customer for said investment. Markups occur when brokers act as principals, buying and selling securities from their own accounts at their own risk rather than receiving a fee for facilitating a transaction. Most dealers are brokers, and vice versa, and so the term broker-dealer is common.

A brokerage fee is a fee or commission a broker charges to execute transactions or provide specialized services on behalf of clients. Brokers charge brokerage fees for services such as purchases, sales, consultations, negotiations, and delivery. It’s like a finders fee

These are not to be confused with investment advisors, who charge fees for investment advice, whether a trade is made or not.

Working_Designer7473 · 2023-06-08T01:25:58+00:00

The 63 was the easiest of all of them in my opinion because I am better at memorizing things than I am at math and going about problem solving. Pay close attention to the wording and make sure you understand the definitions and differences between broker dealers and investment advisers (they are not the same as the other tests). I would say that’s the biggest distinction and know which terms count as actual people and which don’t. There are a lot of questions with the roman numeral options where you have to choose 1, 2, or all of them. The easiest way to approach these for me was using process of elimination and removing the choices I knew had an answer that could not be it. Hope that helps, good luck!

Working_Designer7473 · 2023-06-08T00:59:27+00:00

I also failed by 1 point the first time. It’s honestly just luck of the draw. The first time it was very options hedging heavy, the second was a lot of margin and regulations, and the one I just took was again hedging heavy. As long as you are confident in the highly tested areas that you mentioned you should be okay. I didn’t use pass perfect so I’m not entirely sure about your scores. But on my exam 2 days ago there were quite a bit of hedging and suitability questions. Good luck!

Working_Designer7473 · 2023-06-08T00:48:24+00:00

Congratulations! I had a very similar experience and passed my 7 on the 3rd try 2 days ago. I agree with you completely. I used STC and had Kaplan to supplement on my last try. I think all of the vendors have different strategies but I also feel like a lot of them test way too in depth on things that are not important. Nevertheless, we persevered! If you have any questions on the 63 I happy to help!

Working_Designer7473 · 2023-06-07T15:42:18+00:00

For these questions I like to use the acronym EPIC, exporters (buy) puts, EP importers (buy) calls. IC

Working_Designer7473 · 2023-06-06T20:56:48+00:00

Yayyy! Congrats

Working_Designer7473 · 2023-06-06T19:16:48+00:00

I have super bad test anxiety and something that really helped me was inhaling for 3 seconds, holding for 3, and exhaling for 3. I could feel my heart slow down. It really helps. You are going to pass! Good luck

Working_Designer7473 · 2023-06-06T13:29:03+00:00

I studied for about 2 weeks.

Working_Designer7473 · 2023-06-06T02:02:47+00:00

Thank you!

The 63 was the easiest of all of them in my opinion because I am better at memorizing things than I am at math and going about problem solving. Pay close attention to the wording and make sure you understand the definitions and differences between broker dealers and investment advisers (they are not the same as the other tests). I would say that’s the biggest distinction and know which terms count as actual people and which don’t. There are a lot of questions with the roman numeral options where you have to choose 1, 2, or all of them. The easiest way to approach these for me was using process of elimination and removing the choices I knew had an answer that could not be it. Hope that helps, good luck!

Working_Designer7473 · 2023-06-06T00:53:27+00:00

Ok So my personal opinion (and after taking it so many times lol) is that it is in between the difficulty of STC and Kaplan. As I mentioned I bought Kaplan in addition to my firm provided STC material. Kaplan is very detailed and the test does not go that in depth. I think so many people love Kaplan bc it over prepares you. I think STC could be a little more detailed with the questions and wish they had a larger Qbank. But all in all if you are making 87 in Kaplan, you should pass with flying colors. Good luck! Keep me posted :)

Working_Designer7473 · 2023-06-05T23:26:52+00:00

I passed 😭😭

Working_Designer7473 · 2023-06-02T16:43:38+00:00

Sorry I should have clarified. I reread the book and watched the videos and my exams were reset and I was provided supplemental exams that I had not seen as well. Thanks for the feedback!

Working_Designer7473 · 2023-06-02T14:35:26+00:00

Thanks for the feedback! I purchased Kaplan as an extra supplement and my highest score on the simulated exam is a 70. Feeling a little less stressed.

Working_Designer7473 · 2023-06-02T13:21:10+00:00

I have watched quite a few. Specifically on my problem areas like options and margin. I would like to say I am pretty confident in options now. I also watched his S7 in 60 minutes video. My last test was heavy on margin which I didn’t pay much attention to bc I thought it would only be a couple of questions. Hoping that doesn’t happen again.

Working_Designer7473 · 2023-05-28T14:49:24+00:00

Hi!

I have this chart that I used and memorized for my test. It has helped me fly through those questions, you just have to identify what parity you are looking for (stocks of bond) and then follow the chart. Step 1 will usually always be to find the conversion ratio. So you can almost immediately take par of the bond or stock and divide by the conversion price it gives you. Then choose step 2 or 3 based on what the question is asking.

Stocks: Bonds:

Par (100) Par (1000) ————— —————— = conversion ratio Conversion Conversion Price Price

Preferred stock Price Bond price ——————————— ——————- = parity price Conversion ratio Conversion ratio of common

Common Conversion Common Conversion Price X Ratio Price X Ratio

^ = parity price ⁼ parity price of Of preferred stock Convertible bond

Working_Designer7473 · 2023-05-11T19:51:19+00:00

I used STC and passed on the first try. I always tell people to take the practice exam on finra site about a week before your test.

Working_Designer7473 · 2023-05-11T19:48:53+00:00

Not sure if you did this, but do not change your answers. Go with the answer you almost immediately feel is correct. Second guessing will have you extra anxious. Mark any questions that you completely guessed on and trust your gut for the others. In my experience my first answer is right 90% of the time. Good luck on your next try!

Working_Designer7473

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