FINRA Qualification Exams

  1. Series 3 - National Commodities Futures

    An exam that must be successfully completed in order to register with the National Futures Association and trade commodities or futures contracts.
  2. Series 7 - General Securities Representative

    This exam focuses on the tools and concepts you need in order to buy/sell securities traded in the U.S.
  3. Series 22 - Direct Participation Program Limited Representative

    An exam that is required in order for a registered representative to deal DPPs.
  4. Series 26 - Investment Co/Variable Contracts

    An exam required for an individual wishing to act as a principal for investment companies and annuity activities.
  5. Series 63 - Uniform Securities Agent State Law

    Completion of this exam is necessary for you to solicit orders for any type of security in a specific state.
  6. Series 66 - Uniform Combined State Law

    Equivalent to a combination of both the Series 63 and Series 65 exams, completion of this exam will qualify an individual to register as an...
  7. Series 6 - Mutual Fund and Annuity Representative

    Completion of this exam allows you to conduct business in both investment company and variable contract products.
  8. Series 9/10 - General Securities Supervisor

    You must complete both of these exams in order to supervise general sales activities.
  9. Series 24 - General Securities Principal (GP)

    Series 24 - General Securities Principal (GP) Focuses on NASD regulations, brokerage office operations, and other supervisory concerns required...
  10. Series 55 - Equity Trader Limited Representative

    Completion qualifies an individual to act as either a principal or agent in equity and convertible debt securities transactions.
  11. Series 65 - Uniform Investment Advisor Law Examination

    An exam that qualifies a finance professional to become an investment advisor representative.
Professionals FAQs
  1. Where can I look for a financial planner?

    References from trusted friends or family members can help you find a financial planner; however, keep in mind that your friends' financial situations and goals may differ from yours and, therefore, their planners won't necessarily be the best fit for you.The Certified Financial Planner (CFP) Board of Standards certifies financial planners and maintains an online list of certified financial planners on its CFP Board of Standards website.
  2. If I am looking to get an Investment Banking job. What education do employers prefer? MBA or CFA?

    If you are looking specifically for an investment banking position, an MBA may be marginally preferable over the CFA. The caveat here is that the MBA would most probably need to be from a Top-20 B-School.The Chartered Financial Analyst (CFA) is well worth considering if you (a) are aiming for an entry-level position in investment banking, and/or (b) cannot afford to shell out six figures for an MBA or have to settle for a lesser-known B-school.That's because in the investment banking field, most entry-level positions are at the analyst level.
  3. Can I still pass the CFA Level I if I do poorly in the ethics section?

    You may still pass the Chartered Financial Analysis (CFA) Level I even if you fare poorly in the ethics section, but don't count on it. The CFA Institute has long emphasized that ethics is a particular area of focus for it. The seriousness with which the CFA Institute views ethics is evident from the fact that for exam candidates with borderline total scores, performance on the ethics section can mean the difference between passing and failing the exam.
  4. Under the USA, registration as an IAR includes all of the following EXCEPT:

    Under the USA, registration as an IAR includes all of the following EXCEPT: A. Minimum net capitalB. Passing a qualification examC. Filing a consent to service of processD. Posting a surety bond The correct answer is "A", since only an IA would need to prove minimum net capital requirements.
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