What Is the Series 27? The term Series 27 refers to a securities license that entitles the holder to prepare and manage the books and recordkeeping of a member firm. In order to obtain the Series 27 license, a professional must pass the Series 27 exam, also known as the Financial and Operations Principal Qualification
What Is Series 28? The Introducing Broker-Dealer Financial and Operations Principal Qualification Exam—better known as the Series 28 exam—is a financial examination for professionals seeking to become licensed recordkeepers or operations principals for broker-dealers or securities custodians that do not have customer accounts or hold customer funds or assets. Key Takeaways Series 28 is a
What Is the Series 3? The Series 3 is an exam, also known as the National Commodities Futures Examination, administered by the Financial Industry Regulatory Authority (FINRA) on behalf of the National Futures Association (NFA). Candidates who pass the exam are eligible to register with the NFA and sell commodity futures contracts and options on
What Is a Short Sell Against the Box? A short sell against the box is the act of short selling securities that you already own, but without closing out the existing long position. This results in a neutral position where all gains in a stock are equal to the losses and net to zero. The
What is Seller Financing? Seller Financing is a real estate agreement in which the seller handles the mortgage process instead of a financial institution. Instead of applying for a conventional bank mortgage, the buyer signs a mortgage with the seller. Owner financing is another name for seller financing. It is also called a purchase-money mortgage. How
What Is Selling Away? Selling away is when a broker solicits a client to purchase securities not held or offered by the executing brokerage firm. Brokerage firms generally have lists of approved products that can be offered by their brokers to clients of the firm. These approved products have usually undergone due diligence screenings and
What Is Selling Into Strength? Selling into strength refers to the practice of selling out of a long or into a short position when the price of the asset is moving higher. This proactive strategy is designed to preempt an upcoming reversal in the price by playing the contrarian into a bull run. Selling into
What Is “Sell in May and Go Away”? “Sell in May and go away” is a well known saying in finance. It is based on stocks’ historical underperformance during the six-month period from May to October. The historical pattern was popularized by the Stock Trader’s Almanac, which found investing in stocks as represented by the
What is Sell Plus? Sell plus is a term that refers to a type of stock transaction. In market trading, a sell plus is when an investor orders their broker or brokerage firm to sell a specific amount of stock at a set price that is higher than the stock’s current value. Key Takeaways A
What Is Sell-Side? Sell-side is the part of the financial industry that is involved with the creation, promotion, and sale of stocks, bonds, foreign exchange, and other financial instruments to the public market. The sell-side can also include private capital market instruments such as private placements of debt and equity. Sell-side individuals and firms work
