Series 79

DEFINITION of 'Series 79 '

A examination to ensure a candidate is qualified to become a Limited Representative - Investment Banker. The Series 79 exam is administered by the Financial Regulatory Authority (FINRA) and ensures those looking for positions in investment banking have adequate knowledge in mergers & acquisitions, buyouts, financial restructuring, public investment banking and refinancing. Those looking to write the exam must be sponsored by a FINRA member firm.

BREAKING DOWN 'Series 79 '

The Series 79 exam is intended for investment bankers whose skills are more specific than those provided by the broader Series 7 exam. New rules were enacted in 2009 to better prepare individuals specifically for investment banking activities or supervision of these activities.


The exam focuses on four different areas:
1. Collection, Analysis and Evaluation of Data
2. Underwriting/New Financing Transactions, Types of Offerings and Registration Of Securities
3. Merger and Acquisitions, Tender Offers and Financial Restructuring Transactions
4. General Securities Industry Regulations

These areas are deemed to be important for succeeding in a Limited Representative - Investment Banker role.

RELATED TERMS
  1. Investment Banker

    Someone working at an institution raising capital for companies, ...
  2. Series 6

    A securities license entitling the holder to register as a limited ...
  3. Investment Bank - IB

    A financial intermediary that performs a variety of services. ...
  4. Series 23

    An exam offered by the Financial Industry Regulatory Authority ...
  5. Series 63

    A securities license entitling the holder to solicit orders for ...
  6. Series 7

    A general securities registered representative license administered ...
Related Articles
  1. Professionals

    Investment Banker: Career Path & Qualifications

    Learn more about the work of investment bankers, and discover how most professionals got started in the field and progressed into their roles.
  2. Professionals

    Do You Need an MBA To Be a Successful Investment Banker?

    Learn about whether it is necessary to have an MBA to have a successful career in investment banking, and find out about important skills.
  3. Insurance

    The Rise Of The Modern Investment Bank

    Get to know a little bit about the institutions whose actions help to guide free markets.
  4. Professionals

    Making It Big On Wall Street

    Read about some of the most glamorous Wall Street jobs and what it takes to land one.
  5. Professionals

    Wanna Be A Bigwig? Try Investment Banking

    A career in this high-stress field can be very rewarding for the right person. Find out if you have what it takes.
  6. Professionals

    A Look At Entry-Level Careers In Finance

    Learn more about the career options that are available to you after you've obtained your finance degree.
  7. Professionals

    Top States For Investment Bankers

    We look at cost of living, tax rates and opportunity to find the best places in the U.S. for investment bankers.
  8. Professionals

    Getting An Investment Bank Job During A Recession

    Even in a recession, investment banks are seeking new talent. Learn what will set you apart from the crowd!
  9. Investing Basics

    How to Become A Self-Taught Financial Expert

    Becoming a self-taught financial expert may not be as daunting of a task as it seems.
  10. FA

    The Basics of The Series 79 Exam

    Passing the Series 79 exam is usually necessary for anyone who wants to work in investment banking.
RELATED FAQS
  1. What is securitization?

    Securitization is the process of taking an illiquid asset, or group of assets, and through financial engineering, transforming ... Read Full Answer >>
  2. Is a financial advisor required to have a degree?

    Financial advisors are not required to have university degrees. However, they are required to pass certain exams administered ... Read Full Answer >>
  3. Can I use my IRA to pay for my college loans?

    If you are older than 59.5 and have been contributing to your IRA for more than five years, you may withdraw funds to pay ... Read Full Answer >>
  4. Can I use my 401(k) to pay for my college loans?

    If you are over 59.5, or separate from your plan-sponsoring employer after age 55, you are free to use your 401(k) to pay ... Read Full Answer >>
  5. How does investment banking differ from commercial banking?

    Investment banking and commercial banking are two primary segments of the banking industry. Investment banks facilitate the ... Read Full Answer >>
  6. What types of companies hire a chartered financial analyst (CFA)?

    The Chartered Financial Analyst, or CFA, program is a professional certification awarded by the CFA Institute. CFA candidates ... Read Full Answer >>
Hot Definitions
  1. Presidential Election Cycle (Theory)

    A theory developed by Yale Hirsch that states that U.S. stock markets are weakest in the year following the election of a ...
  2. Super Bowl Indicator

    An indicator based on the belief that a Super Bowl win for a team from the old AFL (AFC division) foretells a decline in ...
  3. Flight To Quality

    The action of investors moving their capital away from riskier investments to the safest possible investment vehicles. This ...
  4. Discouraged Worker

    A person who is eligible for employment and is able to work, but is currently unemployed and has not attempted to find employment ...
  5. Ponzimonium

    After Bernard Madoff's $65 billion Ponzi scheme was revealed, many new (smaller-scale) Ponzi schemers became exposed. Ponzimonium ...
  6. Quarterly Earnings Report

    A quarterly filing made by public companies to report their performance. Included in earnings reports are items such as net ...
Trading Center