Equity Securities - Introduction
This first chapter will build the foundation upon which the rest of this text is built. A thorough understanding of equity securities will be necessary in order to successfully complete the Series 62 exam. Equity securities are divided into two types, common and preferred stock. We will examine the features of common stock and preferred stock, as well as the benefits and risks associated with their ownership. But first we must define exactly what meets the definition of a security.
What Is A Security?