Subject: Regulation - Series of Examinations/Registrations
Last-revised: 30 Sep 1999
Contributed-By: Charlie H. Luh, Chris Lott (contact me)
The National Association of Securities Dealers (NASD) administers a series of licensing examinations that are used to qualify people for employment in many parts of the finance industry. For example, the Series 7 is commonly (although somewhat incorrectly) known as the stockbroker exam. The following examinations are offered:
- Series 3 - Commodity Futures Examination
- Series 4 - Registered Options Principal
- Series 5 - Interest Rate Options Examination
- Series 6 - Investment Company and Variable Contracts Products Rep.
Translation: qualifies sales representatives to sell mutual funds and variable annuities.
- Series 7 - Full Registration/General Securities Representative
Translation: qualifies sales representatives to sell stocks and bonds. Variations include:
- Securities Traders (NYSE)
- Trading Supervisor (NYSE)
- Series 8 - General Securities Sales Supervisor
- Branch Office Manager (NYSE)
- Series 11 - Assistant Representative/Order Processing
- Series 15 - Foreign Currency Options
- Series 16 - Supervisory Analyst
- Series 22 - Direct Participation Program Representative
- Series 24 - General Securities Principal
- Series 26 - Investment Company and Variable Contracts Principal
- Series 27 - Financial and Operations Principal
- Series 28 - Introducing B/D/Financial and Operations Principal
- Series 39 - Direct Participation Program Principal
- Series 42 - Options Representative
- Series 52 - Municipal Securities Representative
- Series 53 - Municipal Securities Principal
- Series 62 - Corporate Securities Representative
- Series 63 - Uniform Securities Agent State Law Examination
- Series 65 - Uniform Investment Advisor Law Examination
The following NASD resources should help.
- The procedures for becoming a member of NASD, including details
about registering personnel through the Central Registration
- The NASD's CRD call center: +1 (301) 590-6500
- The NASD home page.
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