Trading Jobs Securities Licensing

Question 1

Which FINRA exam must a registered representative pass to sell most securities products?

Accepted Answer

Series 7

Answer

Series 6

Answer

Series 3

Answer

Series 65

Question 2

What is the minimum passing score required for the Series 7 exam?

Accepted Answer

72%

Answer

70%

Answer

75%

Answer

80%

Question 3

Which license allows a financial professional to sell variable annuities and mutual funds but NOT individual stocks?

Accepted Answer

Series 6

Answer

Series 3

Answer

Series 63

Answer

Series 79

Question 4

The Series 63 exam is administered by which organization?

Accepted Answer

NASAA

Answer

FINRA

Answer

SEC

Answer

CFTC

Question 5

How long does a FINRA license remain valid after a registered representative leaves a member firm?

Accepted Answer

2 years

Answer

6 months

Answer

1 year

Answer

5 years

Question 6

Which series exam is required for individuals who want to become investment adviser representatives?

Accepted Answer

Series 65

Answer

Series 7

Answer

Series 55

Answer

Series 24