Free Smart 7 trial here... http://www.passperfect.com/ Study was roughly 180-200 hours over a 3 month time period. Use at least 2 sources for your information because I found that even though Smart 7 was good prep...it still was not as comprehensive and intense as the Dearborn CD and manual.... Yet... Dearborn did not cover some material that Smart 7 did and vica versa... Go figure ehhh?
The Series 7 is a true PAIN in the ASS! Don't take this exam for granted. I passed with a 90 on my first try, but you need to review, and review, and review with practice exams and the review courses.
They have a 5 day cram course, seems to work for most. And remember, this exam was passed by every stockbroker .. how tough can it really be, LOL. (Just kidding to my stockbroker friends, LOL). Don
not all LLC's are requiring a license. if structured properly,there are ways around it which are 100% legal.
i'm guess the llc has to be registered with the exchange and so do the traders? can a trader be registered and not licensed? or you reduce the payout from 100% to 95% ? combine all the deposits as a hedge fund?
That's one of the problems with some of these LLC's..."combining all the deposits" - FASB150 accounting rule stopped that a couple of years back. Most exchanges (soon to be all I'm told) require the Series 7. Not a big deal, don't see all the fuss over it. Don