American stockbrokers license administered in Moscow for the first time.ATLANTA--(BUSINESS WIRE)--Aug. 23, 1995--Investment Training Institute-Nash Inc., based in Atlanta, Ga., today announced that The Academy of the National Economy under the Russian Federation Russian Federation: see Russia. in Moscow has been selected by the National Association of Securities Dealers National Association of Securities Dealers (NASD) Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market. (NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). ) in Washington, D.C., as an official test site for administering NASD exams in Russia. The first NASD Series 6 Registered Representative exam will be held Saturday, Sept. 30, 1995, following a two-week preparatory course delivered by ITI (Information Technology Industry Council, Washington, DC, www.itic.org) Formerly the Computer and Business Equipment Manufacturers Association (CBEMA), founded in 1916. ITI is a membership organization composed of approximately 30 large high-tech companies. (R) and The Academy. Over the past nine months, The Academy has sponsored five Series 6 classes presented by ITI(R). "We are very proud to be the first institution to offer this opportunity to earn an American securities license in Russia," says Abel Aganbegian, rector of The Academy. "The next class from Sept. 18 to Sept. 29 is expected to be the most well-attended, as students will sit for the actual Series 6 exam soon after the class is completed." The Academy has availability for 50 students to register for the test, and all spaces are expected to be filled. The frequency of administering the exam will depend upon the number of enrollments, which are expected to increase significantly once word reaches the banks and brokerage firms that this opportunity exists. "Based upon performance in class, we expect a high percentage of the students will pass the first time," says Misak Vartanov, Ph.D., Director of Digital Training Center in The Academy. "After observing the classes at the ITI(R) home office in Atlanta, Ga., I find that the classes at The Academy are of equally high quality and intensity and effectively build the student's motivation and knowledge base." In fact, students of The Academy have scored consistently high marks on the ITI(R) class final, scores that indicate most students now have an excellent grasp of the material covered and will likely pass the actual exam. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Charles D. Lowenstein, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ITI(R), "The Russian financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry is opening up. Brokers here now have the opportunity to invest in markets outside of Russia, and we are delighted to provide a service that will help to satisfy that interest." The Series 6 registration qualifies a candidate for the solicitation, purchase and/or sale of mutual funds, variable annuities Variable annuities Investment contracts whose issuer pays a periodic amount linked to the investment performance of an underlying portfolio. and variable life insurance contracts issued by an insurance company. The test includes 100 multiple-choice questions with a two-hour, 15-minute time limit. Students who have English as a second language are permitted an additional hour and the use of an English translation dictionary. Since 1969, Investment Training Institute-Nash Inc. has been a leading resource for securities license exam preparation. ITI(R) offers classroom and self-study courses for 19 securities license exams worldwide. ITI(R) has offices in Atlanta, Charlotte, Chicago, Moscow, New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , Orlando, Shanghai and Washington, D.C. CONTACT: Investment Training Institute-Nash Inc., Atlanta Jane LaVallee, 404/491-8000 or 800/241-9095 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion