Series 62

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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.

INVESTOPEDIA EXPLAINS 'Series 62'

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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  3. What mutual funds can be used for investing in the industrial sector?

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  4. What is the difference between a custodian bank and a mutual fund custodian?

    Custodian banks and mutual fund custodians, commonly known as mutual fund corporations, perform very similar roles for different ... Read Full Answer >>
  5. How do no-load funds typically perform relative to load funds?

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  6. If I have only a limited amount of time to study for the Series 6, what should I ...

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