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 65

    A securities license required by most U.S. states for individuals ...
  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 11 License - Assistant Representative ...

    A securities license, administered by the Financial Industry ...
  6. Series 24

    A securities license entitling the holder to supervise and manage ...
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. Accredited Financial Counselor: An Introduction
    Professionals

    Accredited Financial Counselor: An Introduction

  3. How To Improve Your Leadership Skills
    Personal Finance

    How To Improve Your Leadership Skills

  4. Introduction To The CAIA Designation
    Professionals

    Introduction To The CAIA Designation

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