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. Series 7

    A general securities registered representative license administered ...
  3. Financial Industry Regulatory Authority ...

    A regulatory body created after the merger of the National Association ...
  4. Broker

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

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

    A securities license entitling the holder to sell commodities ...
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. Become A Certified Financial Divorce ...
    Retirement

    Become A Certified Financial Divorce ...

  4. How To Become A Corporate Board Member ...
    Personal Finance

    How To Become A Corporate Board Member ...

comments powered by Disqus
Hot Definitions
  1. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  2. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  3. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  4. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
  5. Net Sales

    The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any ...
  6. Over The Counter

    A security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, etc. The phrase "over-the-counter" ...
Trading Center