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. Financial Industry Regulatory Authority ...

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

    1. An individual or firm that charges a fee or commission for ...
  3. Series 11 License - Assistant Representative ...

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

    A securities license entitling the holder to supervise and manage ...
  5. Series 26

    A securities license entitling the holder to register as a limited ...
  6. Series 3

    A securities license entitling the holder to sell commodities ...
Related Articles
  1. Professionals

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

  2. Retirement

    What's the difference between a financial ...

  3. Credit & Loans

    Who is eligible to take out federal ...

  4. Fundamental Analysis

    How should a change in accounting principle ...

Hot Definitions
  1. Capitulation

    When investors give up any previous gains in stock price by selling equities in an effort to get out of the market and into ...
  2. Turkey

    Slang for an investment that yields disappointing results or turns out worse than expected. Failed business deals, securities ...
  3. Conduit Issuer

    An organization, usually a government agency, that issues municipal securities to raise capital for revenue-generating projects ...
  4. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  5. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  6. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
Trading Center