Investment Jobs Securities Licensing Test 1

Question 1

Which FINRA license is required to sell securities such as stocks and bonds to retail clients?

Accepted Answer

Series 7

Answer

Series 6

Answer

Series 63

Answer

Series 65

Question 2

The Series 63 license is required by most US states and covers which area?

Accepted Answer

State securities law (Blue Sky Laws)

Answer

Commodities trading

Answer

Options trading

Answer

Investment advisory services

Question 3

A registered investment adviser representative must hold which license to charge fees for investment advice?

Accepted Answer

Series 65

Answer

Series 7

Answer

Series 6

Answer

Series 3

Question 4

Which self-regulatory organization administers most US securities licensing exams?

Accepted Answer

FINRA

Answer

SEC

Answer

CFTC

Answer

FDIC

Question 5

What is the minimum passing score for most FINRA licensing exams?

Accepted Answer

70%

Answer

60%

Answer

72%

Answer

75%

Question 6

How long is the cooling-off period before retaking a FINRA exam after a third failed attempt?

Accepted Answer

180 days

Answer

30 days

Answer

60 days

Answer

90 days