What Is Series 57? Series 57, also known as the Securities Trader Representative Exam, is an examination administered by the Financial Industry Regulatory Authority (FINRA). Passing the Series 57 exam is a requirement for those who wish to become professional traders of either equities or convertible debt securities. Key Takeaways The Series 57 exam is
What Is the Series 6? The Series 6 is a securities license entitling the holder to register as a company’s representative and sell certain types of mutual funds, variable securities, and insurance. Holders of the Series 6 license are not authorized to sell corporate or municipal securities, direct participation programs, and options. With a Series
What Is the Series 63? The Series 63 is a securities exam and license entitling the holder to solicit orders for any type of security in a particular state. To obtain a Series 63 license, the applicant must pass an exam and possess knowledge of ethical practices and fiduciary obligations. Key Takeaways Applicants to the
What Is the Series 65? Designed by the North American Securities Administrators Association (NASAA) and administered by the Financial Industry Regulatory Authority (FINRA), the Series 65 is an exam and securities license required for individuals to act as investment advisers in the US. The Series 65 exam, known formally as the Uniform Investment Adviser Law
What Is the Series 66? Series 66 — the NASAA Uniform Combined State Law Examination — is an exam and license that is meant to qualify individuals as investment advisor representatives (IARs) or securities agents. The Series 66 covers topics relevant to providing investment advice and effecting securities transactions for clients. Once licensed, IARs can
The Series 7 exam licenses the holder to sell all types of securities products except commodities and futures. Known formally as the General Securities Representative Qualification Examination, the Series 7 exam and its licensing is administered by the Financial Industry Regulatory Authority (FINRA). Stockbrokers in the United States need to pass the Series 7 exam
What Is Series 82? The Series 82 is a certification giving financial professionals representing a sponsor organization the ability to transact private securities for clients. Understanding Series 82 Series 82 is a certification focused on private securities transactions. Its creation was mandated under the Gramm-Leach-Bliley Act of 1999. In 2001, the Securities and Exchange Commission
What Are the 86/87 Series Exams? The Series 86/87 exams are tests that determine the competency of financial research analysts at the entry-level. Both exams are administered and required by the Financial Industry Regulatory Authority (FINRA) before professionals can receive the research analyst designation. Once obtained, individuals can produce in-depth reports that investors use when
What Is Series 9/10? Series 9/10 refers to a two-part securities exam and license entitling the holder to supervise sales activities at a general securities-oriented branch office. Before taking the Series 9/10 Exams, also known as the General Securities Sales Supervisor Qualification Exams, a candidate must have a Series 7 license. The Series 9/10 covers
What Is Series A Financing? Series A financing refers to an investment in a privately-held start-up company after it has shown progress in building its business model and demonstrates the potential to grow and generate revenue. It often refers to the first round of venture money a firm raises after seed and angel investors. Key
