Trading Jobs Securities Licensing

Question 1

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

Accepted Answer

Series 7

Answer

The Series 7 (General Securities Representative) exam is required to sell a broad range of securities including stocks, bonds, and options.

Question 2

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

Accepted Answer

72%

Answer

FINRA requires a score of at least 72% to pass the Series 7 exam.

Question 3

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

Accepted Answer

Series 6

Answer

The Series 6 license is limited to investment company products like mutual funds and variable annuities.

Question 4

The Series 63 exam is administered by which organization?

Accepted Answer

NASAA

Answer

The Series 63 (Uniform Securities Agent State Law Exam) is administered by the North American Securities Administrators Association (NASAA).

Question 5

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

Accepted Answer

2 years

Answer

A FINRA license has a two-year window after leaving a firm before the representative must re-take qualifying exams.

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