This book is a study guide for those persons who plan to take the Series 65 exam, Investment Adviser Representative. Passing the exam is necessary for those candidates who wish to practice as I.A. representatives. Our book includes both text on the applicable rules and practice questions designed to test the reader's comprehension. What makes this book special is the insertion of practice questions throughout the text. Each question tests the reader, and asks him or her to make an immediate decision on what was just read. After each question comes an immediate answer and explanation. The presence of the practice questions embedded throughout the text, the author believes, aids the student in comprehension and retention.