Series 62


DEFINITION of 'Series 62'

An exam administered by the Financial Industry Regulatory Authority (FINRA) for financial professionals seeking to become limited registered representatives for corporate equities and corporate debt securities. It tests an individual's knowledge of corporate equity and bond markets, security analysis and characteristics, industry regulations, and the handling of customer accounts.

The test consists of 115 questions taken over 150 minutes. A score of 70% or better is required for passing.


The Series 62 is more limited in scope than the Series 7 exam; licensed limited registered representatives can trade in equities, corporate bonds, preferred stocks and some asset-backed securities. They cannot trade in funds registered under the Investment Company Act of 1940, such as open- and closed-end mutual funds and exchange-traded funds.

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  1. Can mutual funds only hold stocks?

    There are some types of mutual funds, called stock funds or equity funds, which hold only stocks. However, there are a number ... Read Full Answer >>
  2. How do mutual funds compound interest?

    The magic of compound interest can be summed up as the concept of interest making interest. On the other hand, simple interest ... Read Full Answer >>
  3. Do mutual funds pay interest?

    Some mutual funds pay interest, though it depends on the types of assets held in the funds' portfolios. Specifically, bond ... Read Full Answer >>
  4. Why have mutual funds become so popular?

    Mutual funds have become an incredibly popular option for a wide variety of investors. This is primarily due to the automatic ... Read Full Answer >>
  5. Do mutual funds pay dividends?

    Depending on the specific assets in its portfolio, a mutual fund may generate income for shareholders in the form of capital ... Read Full Answer >>
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