What is the 'Series 62'

The Series 62 is a certification providing registered representatives with the authority to transact corporate equities and corporate debt securities for clients. Series 62 representatives can trade some of the most commonly transacted individual securities including stocks, bonds, closed-end funds and exchange-traded funds.


The Series 62 is one of the most common certifications obtained by registered representatives of a financial organization. It is broad in scope allowing representatives to trade in equities, corporate bonds, preferred stocks and some asset-backed securities. It is often accompanied by the Series 6, which allows certified representatives to trade open-end mutual funds, unit investment trusts (UITs), variable annuities, variable life insurance and some municipal fund securities.

The Series 62 exam is maintained by the Financial Industry Regulatory Authority (FINRA) and administered at test centers across the country. It is also known as the Corporate Securities Representative Qualification Examination.

It tests an individual's knowledge of corporate equity and bond markets, security analysis and characteristics, industry regulations and the handling of customer accounts. With the Series 62 certification, registered representatives can trade the following:

  • Corporate securities (stocks and bonds)
  • Rights Warrants
  • Closed-end funds
  • Money-market funds
  • Repos and certificates of accrual on corporate securities
  • Real estate investment trusts (REITs)
  • Asset-backed securities
  • Mortgage-backed securities
  • Exchange-traded funds

The test consists of 115 multiple choice questions taken over 150 minutes. A score of 70% or better is required for passing. The Series 62 exam has no prerequisites. Candidates must be sponsored by a registered broker-dealer. The cost of the exam is $95.

Exam Content

The Series 62 exam includes four sections of content.

Section One — Types and Characteristics of Securities and Investments

Section one content includes equity securities, corporate debt securities, asset-backed securities, investment companies, U.S. government and agency securities, derivatives and structured products. Section one includes 25 questions.

Section Two — The Market for Corporate Securities

Content in section two includes issuing corporate securities, trading corporate securities, details on the Securities Exchange Act of 1934, which governs the secondary market, and FINRA/NASD conduct rules. This section has 40 questions.

Section Three — Evaluation of Securities and Investments

Section three covers securities analysis, the economy, investment planning and investor suitability, and tax consequences of securities transactions. Section three includes 14 questions.

Section Four — Handling Customer Accounts and Securities Industry Regulations

Section four discusses client accounts, account documentation, transactions in accounts, customer delivery/payment, extensions of credit in the securities industry, general regulations of brokers and dealers, FINRA/NASD regulations and the Securities Investor Protection Act. Section four includes 36 questions.

  1. Series 79

    The Series 79 exam is an examination to determine whether a registered ...
  2. Series 51

    An exam offered by the Financial Industry Regulatory Authority ...
  3. Series 65

    A securities license required by most U.S. states for individuals ...
  4. Series 53

    The Series 53 is an exam and license that permits an individual ...
  5. Registered Representative - RR

    A registered representative (RR) is a person who works for a ...
  6. Series 4

    The Series 4 is an exam and securities license entitling the ...
Related Articles
  1. Financial Advisor

    Series 63, Series 65 Or Series 66?

    When joining the world of investment professionals, you must take the right exams.
  2. Financial Advisor

    Tips For Passing The Series 6 Exam

    Find out what you can do during the test to make sure you get a passing score.
  3. Financial Advisor

    Series 6 Exam Prep: What Is A Security?

    Before you take the series 6, you need to understand what a security is as defined by the exam.
  4. Financial Advisor

    Breaking Down Financial Securities Licenses

    Find out which exam you need to begin your career as an investment professional.
  5. Financial Advisor

    Succeeding At The Series 63 Exam

    Your career as a securities agent begins with this test. We'll show you how to score high.
  6. Personal Finance

    What To Expect On The CFA Level II Exam

    This article will help you understand the nuances of the CFA Level II exam.
  7. Investing

    CPA Exam Tips

    Tips for the CPA exam - how to approach it, what to expect, and the time it takes to complete.
  8. Insights

    FINRA Files Plans to Change Series 7 and Other Exams

    New details have emerged on the Securities Industry Essentials Exam required for becoming a registered representative.
  9. Trading

    Broker or trader: Which career is right for you?

    A day in the life of a broker or Wall Street trader is an exciting and varied one. Learn more about these two financial professions.
  10. Personal Finance

    The CPA Exam: What You Need to Know

    Interested in becoming a certified public accountant? What you need to know for the CPA exam.
  1. What certification series does one need to be a bond broker?

    One major requirement before one can become a bond broker is to pass the General Securities Representative Exam, commonly ... Read Answer >>
  2. What does passing the Series 6 enable me to do?

    Learn more about the Series 6, what the examination and license are and what the license enables an individual to buy, sell ... Read Answer >>
  3. What major is required to take the Series 7 examination?

    Find out what educational requirements are needed for the Series 7 exam. Learn about the new Securities Industry Essentials ... Read Answer >>
  4. I have not received my Series 7 exam certificate. Where can I obtain it?

    The National Association of Securities Dealers (NASD) does not provide candidates with any physical certificate signifying ... Read Answer >>
Hot Definitions
  1. Treasury Yield

    Treasury yield is the return on investment, expressed as a percentage, on the U.S. government's debt obligations.
  2. Return on Assets - ROA

    Return on assets (ROA) is an indicator of how profitable a company is relative to its total assets.
  3. Fibonacci Retracement

    A term used in technical analysis that refers to areas of support (price stops going lower) or resistance (price stops going ...
  4. Ethereum

    Ethereum is a decentralized software platform that enables SmartContracts and Distributed Applications (ĐApps) to be built ...
  5. Cryptocurrency

    A digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of ...
  6. Financial Industry Regulatory Authority - FINRA

    A regulatory body created after the merger of the National Association of Securities Dealers and the New York Stock Exchange's ...
Trading Center