February, 2000

News Items

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New Investment Advisers’ Qualification Exams Now In Use

Two qualification examinations for investment advisers have recently been

updated. New versions of the Series 65 (Uniform Investment Adviser Law Exam)

and Series 66 (Uniform Combined State Law Exam) exams became effective on

January 1, 2000. The revised Series 65 covers economics, investment vehicles,

and investment strategies, as well as securities law and ethics.

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SEC Orders Decimalization of Securities

Decimals are on their way

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