Series 26

AAA

DEFINITION of 'Series 26'

A securities license entitling the holder to register as a limited principal who supervises and manages sales activities for investment companies and annuities. The multiple choice exam is administered by the Financial Industry Regulatory Authority (FINRA) and candidates must first pass this 110 question exam with a grade of 70% or more in order to qualify for registration as an Investment Company Products/Variable Contracts limited principal.

INVESTOPEDIA EXPLAINS 'Series 26'

The Series 26 exam covers five main topics related to the supervisory role of a Limited Principal; hiring and qualification, training of representatives, supervision, sales practices, business processing and recordkeeping rules. Candidates receive two hours and 30 minutes to finish the 110 question exam.

In order to qualify to write the exam, candidates must have passed the Series 6 or Series 7 exam.

RELATED TERMS
  1. Series 51

    An exam offered by the Financial Industry Regulatory Authority ...
  2. Broker

    1. An individual or firm that charges a fee or commission for ...
  3. Series 24

    A securities license entitling the holder to supervise and manage ...
  4. Series 3

    A securities license entitling the holder to sell commodities ...
  5. Series 6

    A securities license entitling the holder to register as a limited ...
  6. Series 63

    A securities license entitling the holder to solicit orders for ...
Related Articles
  1. How To Land A Finance Job With A Bachelor's ...
    Professionals

    How To Land A Finance Job With A Bachelor's ...

  2. Professional Correspondence That Pushes ...
    Retirement

    Professional Correspondence That Pushes ...

  3. Accredited Financial Counselor: An Introduction
    Professionals

    Accredited Financial Counselor: An Introduction

  4. How To Improve Your Leadership Skills
    Personal Finance

    How To Improve Your Leadership Skills

comments powered by Disqus
Hot Definitions
  1. Walras' Law

    An economics law that suggests that the existence of excess supply in one market must be matched by excess demand in another ...
  2. Market Segmentation

    A marketing term referring to the aggregating of prospective buyers into groups (segments) that have common needs and will ...
  3. Effective Annual Interest Rate

    An investment's annual rate of interest when compounding occurs more often than once a year. Calculated as the following: ...
  4. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  5. Odious Debt

    Money borrowed by one country from another country and then misappropriated by national rulers. A nation's debt becomes odious ...
  6. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the ...
Trading Center