What certification series does one need to be a bond broker?

By Chizoba Morah AAA
A:

One major requirement before one can become a bond broker is to pass the General Securities Representative Exam, commonly called the Series 7 exam. Series 7 is an exam that allows brokers to engage in the purchase and sale of securities. Before the exam can be taken, the candidate in question has to be sponsored by a broker/dealer firm. This requirement makes it necessary for anyone who desires to be a broker to first seek internship or employment with a brokerage firm. The General Securities Representative Exam, which is offered by the Financial Industry Regulatory Authority (FINRA), is a 260-question exam that lasts for 6 hours. The exam is broken into two parts and can be taken at a variety of testing centers. The exam has a passing mark of 70% and above.

The next step after taking the exam is to find out if your state requires an additional exam. Most states require brokers to take the Uniform Securities Agent State Law Examination, commonly known as Series 63. As the name suggests, the exam deals with the laws and regulations of the state that govern financial securities.

To learn more about both Series 7 and Series 63 exams, read Series 7 – Getting Started and Succeeding at the Series 63 Exam.

This question was answered by Chizoba Morah.

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