Series 27

AAA

DEFINITION of 'Series 27'

A securities license entitling the holder to become a chief financial officer for a FINRA member firm. The Series 27 exam is a FINRA exam designed to challenge the test taker's knowledge of issues related to CFO responsibilities, such as statutory rules surrounding broker-dealer responsibilities, and items covered under the Securities Investor Protection Act of 1970.

INVESTOPEDIA EXPLAINS 'Series 27'

The Series 27 exam is administered by the Financial Industry Regulatory Authority (FINRA) and covers seven general topics, including: Customer Protection, Federal reserve Board Regulations, Net capital Requirements and Uniform Practice Rules. As of 2010, the exam consisted on 145 multiple choice questions and candidates are given 3.5 hours to complete.

RELATED TERMS
  1. Series 11 License - Assistant Representative ...

    A securities license, administered by the Financial Industry ...
  2. Series 65

    A securities license required by most U.S. states for individuals ...
  3. Series 24

    A securities license entitling the holder to supervise and manage ...
  4. Series 7

    A general securities registered representative license administered ...
  5. Broker

    1. An individual or firm that charges a fee or commission for ...
  6. Financial Industry Regulatory Authority ...

    A regulatory body created after the merger of the National Association ...
RELATED FAQS
  1. If I have only a limited amount of time to study for the Series 6, what should I ...

    The Series 6 Investment Company and Variable Contracts Products Representative Qualification Examination is administered ... Read Full Answer >>
  2. What role does the 'chip cycle' play in the electronics sector?

    There are several highly acclaimed private Series 6 Exam courses in the United States. Many can be completed online. Popular ... Read Full Answer >>
  3. What does passing the Series 6 enable me to do?

    The Series 6, or the Investment Company Products/Variable Contracts Limited Representative, exam is administered by the Financial ... Read Full Answer >>
  4. How do I learn technical skills for trading commodities?

    Many resources are available for those seeking to learn to trade commodities, also known as futures, directly from the major ... Read Full Answer >>
  5. What are the differences between the Series 6 exam and the Series 7 exam?

    The Financial Industry Regulatory Authority (FINRA) offers a variety of licenses that must be obtained before conducting ... Read Full Answer >>
  6. Do I have to successfully complete the Series 7 exam before I can register for the ...

    There are no prerequisites to register for the Series 63 exam. However, once you have registered for the exam, you must schedule ... Read Full Answer >>
Related Articles
  1. Professionals

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

    Following these five tips will keep your resume out of the recycling bin.
  2. Economics

    Top European MBA Programs: The Short List

    The London Business School is currently ranked second best in the world right after Harvard Business School. These European business schools also offer outstanding MBA programs.
  3. Credit & Loans

    Study Abroad: Budget For Brazil

    Interested in study, food and adventure in one of the fastest growing economies in the world? Check out what Brazil costs.
  4. Personal Finance

    When Is College The Wrong Investment?

    Attending a very expensive college with the wrong degree could turn into a bad investment due to low salaries and high debt.
  5. Professionals

    Understanding Series 6

    Upon successful completion of the Series 6, an individual will have the qualifications needed to sell open end mutual funds and variable annuities
  6. Professionals

    Top Strategies on How to Become a Stock Broker

    Gunning to be a stock broker and want an edge? Here's some veteran advice.
  7. Trading Systems & Software

    Steps to Starting Up an Independent Broker Dealer

    Launching your own broker-dealer is a lot of work, but the potential payoff is great, both personally and financially.
  8. Personal Finance

    6 World Class Universities In New York City

    A starter guide to six of the many world-class, respected and highly rated universities and colleges in New York City.
  9. Personal Finance

    A Guide to Financial Education for Doctors

    Doctors need to choose the educational option which best fits his or her time, schedule and learning preference. Here's a guide.
  10. Personal Finance

    Masters Degree Vs. Work Experience: Which One Is More Valuable?

    Some argue that a master's degree only worsens student's financial situations, but future earnings data shows there can be a real financial benefit.

You May Also Like

Hot Definitions
  1. Social Security

    A United States federal program of social insurance and benefits developed in 1935. The Social Security program's benefits ...
  2. American Dream

    The belief that anyone, regardless of where they were born or what class they were born into, can attain their own version ...
  3. Multicurrency Note Facility

    A credit facility that finances short- to medium-term Euro notes. Multicurrency note facilities are denominated in many currencies. ...
  4. National Currency

    The currency or legal tender issued by a nation's central bank or monetary authority. The national currency of a nation is ...
  5. Treasury Yield

    The return on investment, expressed as a percentage, on the debt obligations of the U.S. government. Treasuries are considered ...
  6. Bund

    A bond issued by Germany's federal government, or the German word for "bond." Bunds are the German equivalent of U.S. Treasury ...
Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!