FINRA General Securities Representative

Question 1

What is the primary responsibility of a General Securities Representative?

Accepted Answer

Execute trades and provide investment advice

Answer

Oversee Federal Reserve policies

Answer

Regulate stock exchanges

Answer

Issue new government securities

Question 2

Which examination must be passed to become a General Securities Representative?

Accepted Answer

Series 7

Answer

Series 65

Answer

Series 3

Answer

Series 66

Question 3

Which regulatory body oversees General Securities Representatives?

Accepted Answer

FINRA

Answer

SEC

Answer

Federal Reserve

Answer

CFTC

Question 4

What is a General Securities Representative allowed to trade?

Accepted Answer

Stocks, bonds, mutual funds, and options

Answer

Futures and commodities only

Answer

Real estate investments

Answer

Private equity exclusively

Question 5

Which of the following is a duty of a General Securities Representative?

Accepted Answer

Determine suitability of investments

Answer

Set federal interest rates

Answer

Print new stock certificates

Answer

Approve corporate mergers

Question 6

What is an essential qualification for a General Securities Representative?

Accepted Answer

Sponsorship by a FINRA member firm

Answer

Personal investment portfolio over $1M

Answer

Certified Financial Planner (CFP) designation

Answer

Degree in Economics