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Published on:

2nd Feb 2026

[SIE] 57, SEC and Securities Laws

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam. In this episode you will learn: - The key difference between the Securities Act of 1933 (primary market) and the Securities Exchange Act of 1934 (secondary market). - Why the Act of 1933 is called the "truth in securities" law and its focus on prospectuses and registration statements for new issues. - How the Act of 1934 created the SEC and governs ongoing reporting for public companies, like 10-K and 10-Q filings. - Common exam traps, such as the misconception that the SEC "approves" securities rather than just clearing them for sale. - The limits of SEC enforcement power, specifically that it can impose civil penalties but must refer cases to the Department of Justice for criminal prosecution. For more resources visit https://open-exam-prep.com/ and connect on LinkedIn at https://linkedin.com/in/chenran818
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Open Exam Prep
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Open Exam Prep: Mastering Financial Exams

The path to becoming a certified financial professional is known for its difficulty, and finding high-quality, accessible study material shouldn't be the hardest part.

Created by Ran Chen—an AI application enthusiast, Financial Advisor, and holder of the EA (Tax), Life Insurance, Series 6/63/65, and CFP® designations—this podcast was born from personal experience. Having navigated these challenging exams himself, Ran realized the need for better resources and created Open Exam Prep as a free solution for aspiring professionals.

Each episode breaks down complex major exam topics into clear, digestible lessons, covering everything from tax planning and estate strategies to retirement solutions and investment principles. Whether you’re studying during your commute, workout, or downtime, we are here to guide you—one question, one topic, one victory at a time.

Visit for more content: https://open-exam-prep.com/
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