Series 24: 3.6.2.3.4. Collateralized Mortgage Obligations (CMOs)

Taken from our Series 24 Online Guide

3.6.2.3.4. Collateralized Mortgage Obligations (CMOs)

CMOs are highly risky debt instruments backed by a pool of mortgage pass-through securities or mortgage loans. All advertisements, sales literature, and correspondence concerning CMOs:

• Must include in the name of the offered product the term “collateralized mortgage obligation”

• May not compare CMOs to any other investment vehicle

• Must disclose that a government agency backing applies only to the face value of th

+ Read More

More Series 24 Info

What are people saying?

Create an Account

Since you're reading about Series 24: 3.6.2.3.4. Collateralized Mortgage Obligations (CMOs), you might also be interested in:

Series 6 - Chapter 3 Question Answers

Series 3 - 7.3.3.6. Reporting of Segregated Accounts to Regulators

Series 3 - 7.1. CFTC and NFA Registration

Series 66 - Registration Exceptions

Series 26 - Regulation of Other Communications

Series 65 - 10.6.2.3. Presenting Performance Information

Series 82 - 4.2. Interfering with Customer Account Transfers

Series 6 - 4.2.9.1. Debentures

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

Taking the Series 24 class with Karen Solomon this week helped reinforce the data that I learned, and I passed my exam! The material was thorough and the exam simulator was an excellent tool to test your knowledge. Thank you Karen!

Karen Lessard, Concorde Investment Service Frisco, TX

I stuck to the outline day by day and it really helped me with sticking to a routine and curriculum. I passed the Series 24 on my 1st try! Would definitely recommend this to anyone in the Securities Industry.

Rima Mehta, PNC Investments, Charlotte, NC

I used Solomon to study for the 26 and most recently the 24. The material is layered in way that makes it manageable to digest and the instructor response time and explanations are outstanding. I passed both on the first attempt!

Gus Velleco, Allstate, Charleston, SC

I really liked the Solomon study materials. They did a really nice job of explaining the material in plain language. I have a really long commute and the audio books came in really handy!! I would recommend the Solomon study materials!

Jessie Urban, Securities America Inc, LaVista, NE

Finally! Having used the study material provided by my firm, I couldn't get over the passing level. Came out of pocket for Solomon, and passed [the Series 24] on the first effort - Thank you!

Scott Krogmann, Regions Bank, Knoxville, TN

Just wanted to say thank you and give you a good review. I actually found that your test questions were harder than the actual exam and the explanations and the ability to create tests of all of my wrong answers helped me focus on my weak areas of the exam. I passed the first time and don't believe I couldn't have done it without your test bank. Thanks again.

Chris Porosky, FL