News and updates are listed by order of date. If you require more clarification on updates, please call us on +44 (0)20 7379 0504 or email us at ask@wallacect.co.uk, please remember to include your name, number and course details:

NASD and the NYSE have merged their regulatory units - July 30 2007

Series 10 Course update - April 2006

Series 9 Course Update - February 2006

Series 87 Course Update - January 2006

Retirement Plans and Taxation Update ­ January 2006

Series 9/10 Course Update ­ November 2005

Series 4 Course Update ­ November 2005

Series 6 Course Update ­ November 2005

Series 86 Course Update ­ November 2005

Series 62 Regulation SHO - August 2005

Series 87 Course Update - August 2005

Series 65 Course Update - August 2005

Series 24 TRACE Update - July 2005

Series 55 Course Update - May 2005

Series 27 Course Update - April 2005

IRA Update - January 2005

Series 66 Course Update - December 2004

Effective July 30, 2007, the NASD and the NYSE have merged their regulatory units. The new name is the Financial Industry Regulatory Authority (FINRA). Click here for more details:

- As of the merger, an NASD member firm will become a FINRA member firm.

- As of the merger, a firm that is a member of both the NASD and NYSE will become a dually registered firm.

- There are no changes to the names or numbers of any of the licensing examinations.

- The NASD rules and Web site will be called the FINRA rules and Web site, but this will not have any impact on the exams or study materials.

- The NYSE rules will still exist, although there will be changes in the future.

- Dually registered firms will be subject to both rules.

Presently, all that has changed is the name. When the rulebooks are consolidated, or the study outlines change, WCT will change its study materials.

NASD and the NYSE have merged their regulatory units - July 30 2007

WCT has created additional questions for the Series 10 exam. This update is part of our ongoing commitment in producing the highest quality training material available. There have been no changes to the exam. Students should contact us for the addendum.
 

WCT has created additional questions for the Series 9 exam. This update is part of our ongoing commitment in producing the highest quality training material available. There have been no changes to the exam. Students should contact us for the addendum.
 

WCT has created additional questions for the Series 87 exam. This update is part of our ongoing commitment in producing the highest quality training material available. There have been no changes to the examination. Students who have material dated 2005 or older should contact us for the addendum.
 

Please note the following changes effective 01 January 2006

•The IRA catch-up contribution for individuals age 50 or over increases to $1,000. Therefore the maximum contribution would be $5,000 for those persons age 50 or over.

•The maximum contribution allowed to a defined contribution plan including SEP and Keogh plans has increased to $44,000.

•The gift tax exemption increases to $12,000.

•Since the gift tax limit increases to $12,000, the five year front end contribution permissible to a 529 plan will increase to $60,000.
 

WCT has created an addendum addressing the revised study outline effective 30 November, 2005. Students who have purchased our study material in the past year should contact us for the addendum.
 

WCT has created an addendum addressing the revised study outline effective 30 November 2005. Students who have purchased our study material in the past year should contact us for the addendum.
 

WCT has created an addendum addressing the revised study outline effective 30 November 2005. Students who have purchased our study material in the past year should contact us for the addendum.
 

WCT has created additional questions for the Series 86 exam. Anyone with material dated 2005 should contact us and request the Supplemental Examination Part II.
 

WCT has created an addendum addressing the SEC new Regulation SHO. Students who have purchased material prior to 15 August should contact us to obtain a copy of the addendum.
 

WCT has created additional questions to help better prepare students for the Series 87 exam. This update is part of WCT’s ongoing commitment in producing the highest quality training material available. There have been no changes to the examination. Students who have Volume I 2005 or older should contact us to obtain a copy of the addendum.
 

WCT has created additional questions to help prepare students for the Series 65 examination. They were written as part of WCT's ongoing commitment in producing the highest quality training material available. Students who have purchased our Series 65 material with a print date of Volume I 2005 or older should contact us.
 

As of 1 July 2005, the reporting time for the Trade Reporting and Compliance Engine (TRACE) has been reduced from 30 minutes to 15 minutes.
 

The NASD has revised the study outline for the Series 55 exam, effective 29 April 2005. Students with 2005 material will need this addendum. Students with materials dated prior to 7 February 2005 will also need a second addendum published in December 2004. Please email us and include your full name, firm name, phone number, print date of book, and email address.
 

WCT has created additional questions and content to help better prepare students for the Series 27 exam. This update is part of WCT’s ongoing commitment in producing the highest quality training material available. There have been no changes to the examination. Students who have Volume I 2005 or older should contact us to obtain a copy of the addendum.
 

Effective 1 January 2005, the maximum contribution for IRAs has been increased from $3,000 to $4,000. All study materials with a print date of 2005 have been updated to reflect this change.
 

WCT has created additional questions to help prepare students for the Series 66 examination. They were written as part of WCT's ongoing commitment in producing the highest quality training material available. Students who have purchased our Series 66 material with a print date of 2004 should contact us, including their full name, firm name, phone number and email address.