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

The Series 7 (General Securities Representative) license authorizes holders to sell a broad range of securities including stocks and bonds.

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

The Series 63 (Uniform Securities Agent State Law Examination) tests knowledge of state securities regulations known as Blue Sky Laws.

Question 3

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

Accepted Answer

Series 65

Answer

The Series 65 (Uniform Investment Adviser Law Examination) is required to act as an investment adviser representative and charge fees for advice.

Question 4

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

Accepted Answer

FINRA

Answer

FINRA (Financial Industry Regulatory Authority) administers the majority of securities licensing exams in the United States.

Question 5

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

Accepted Answer

70%

Answer

Most FINRA licensing exams require a minimum score of 72%, though the exact threshold can vary by exam.

Investment Practice Test