Frequently Asked Question

February 26 2009  |  Filed Under » ,

Do I have to reach a certain age before I can write an NASD exam?

The National Association of Securities Dealers (NASD) does not stipulate that individuals must be a minimum age to write the exam. Keep in mind that many exams administered by the NASD, such as the Series 7, require sponsorship. Prior to sponsorship, the firm may require candidates or future employees to have a certain amount of education.
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Last Questions Asked:
  1. Does the federal government fund any NGOs? Which ones?

    A non-governmental organization (NGO) is a non-profit, citizen-based group that functions independently of government. NGOs are organized on local, national and international levels to serve specific social or political purposes. Despite their independence from government, many NGOs receive significant funding from government entities.While an NGO can be funded entirely or in part by government funding, it may keep its non-governmental status by prohibiting government representatives from membership.
  2. What is the difference between redemption of shares and repurchase of shares?

    Sometimes, shares of stock offered by a company are not regular, market-driven common shares. Instead, they may be preferred shares, which are considered fixed income securities and are issued with a par value. When that par value is paid back to the purchaser of the preferred share, this is considered a redemption.
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    A non-governmental organization (NGO) is a non-profit, citizen-based group that functions independently of government. NGOs are organized on local, national and international levels to serve specific social or political purposes. As non-profit organizations, NGOs rely on a variety of sources for funding projects, operations, salaries and other overhead costs.
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