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 31

    A securities license entitling the holder to sell managed futures ...
  2. Series 4

    A securities license entitling the holder to supervise options ...
  3. Series 55

    A securities license entitling the holder to actively participate ...
  4. Series 6

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

    A securities license entitling the holder to solicit orders for ...
  6. Series 65

    A securities license required by most U.S. states for individuals ...
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. What's the difference between a financial ...
    Retirement

    What's the difference between a financial ...

  3. Who is eligible to take out federal ...
    Credit & Loans

    Who is eligible to take out federal ...

  4. How should a change in accounting principle ...
    Fundamental Analysis

    How should a change in accounting principle ...

Hot Definitions
  1. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
  2. Wage-Price Spiral

    A macroeconomic theory to explain the cause-and-effect relationship between rising wages and rising prices, or inflation. ...
  3. Accelerated Depreciation

    Any method of depreciation used for accounting or income tax purposes that allows greater deductions in the earlier years ...
  4. Call Risk

    The risk, faced by a holder of a callable bond, that a bond issuer will take advantage of the callable bond feature and redeem ...
  5. Parity Price

    When the price of an asset is directly linked to another price. Examples of parity price are: 1. Convertibles - the price ...
  6. Earnings Multiplier

    An adjustment made to a company's P/E ratio that takes into account current interest rates. The earnings multiplier is used ...
Trading Center