Investment Jobs Securities Licensing Test 2

Question 1

The Series 66 license combines the content of which two exams?

Accepted Answer

Series 63 and Series 65

Answer

The Series 66 (Uniform Combined State Law Examination) combines the content of the Series 63 and Series 65 exams.

Question 2

Which license is specifically required to sell variable annuities and variable life insurance products?

Accepted Answer

Series 6

Answer

The Series 6 (Investment Company and Variable Contracts Products Representative) license is required to sell mutual funds, variable annuities, and variable life insurance.

Question 3

What does NASAA stand for in the context of securities licensing?

Accepted Answer

North American Securities Administrators Association

Answer

NASAA stands for the North American Securities Administrators Association, which represents state and provincial securities regulators.

Question 4

A broker-dealer principal who supervises registered representatives must hold which license?

Accepted Answer

Series 24

Answer

The Series 24 (General Securities Principal) license is required to manage or supervise the investment banking or securities business of a FINRA member firm.

Question 5

How many continuing education credits must most FINRA-registered representatives complete annually?

Accepted Answer

Firm Element CE is annual; Regulatory Element is every 3 years

Answer

FINRA's CE program includes a Regulatory Element (required at set intervals) and a Firm Element (annual training determined by the firm).

Investment Practice Test

Investment Practice Test

Investment Jobs Securities Licensing Test 2