Set aside ample time to study for the test prior to taking the exam. The series 63 exam uniform securities agent is administered in conjunction with the north american securities administrators association nasaa.
Series 7 licensees are entitled to buy sell and trade all forms of securities ranging from stocks and bonds to options and futures contracts according to finra.
How to get a series 7 and 63 license. There is also an exam fee that is commonly covered by the sponsoring firm. The series 63 license known as the uniform securities agent license is required by each state and authorizes licensees to transact business within the state. For more information about the sie and series 7 exams refer to finra rule 1210 and finra rule 1220 b 2.
Each license type is described below. Keep in mind that most of the series 7 licensing examination focuses on taxation equity and debt instruments investment risk packaged securities retirement plans and options. Candidates must pass the securities industry essentials sie exam and the series 7 exam to obtain the general securities representative registration.
Register to take the test at an official testing center see resources. With your series 7 license and series 63 65 or 66 license you are now fully licensed to work with securities. These days however the nasd is known as the financial industry regulatory authority finra and it absolutely requires sponsorship for the purpose of obtaining a series 7 license.
To take the series 7 exam you must be sponsored by a finra member firm or a self regulatory organization sro. You will need to complete continuing education periodically to keep your series 7 license up to date. Trainingcenter offers several series 7 and 63 training courses to meet your series 6 and 63 licensing requirements.
Then you ve come to the right place. Enroll for an exam. All series 6 and series 7 licensees.
The series 7 license allows the bearer to operate as a general securities representative. Firms apply for candidates to take the exam by filing a uniform application for security industry registration or transfer form u4. Series 63 exam uniform securities agent.
To sell securities an agent must have both the series 63 license and the series 7 license general securities representative or the series 6 investment company products variable contracts limited representative. Thinking about a career in securities. The top line requirement for the series 7 exam also known as the general securities representative exam is that a financial firm duly registered and in good.
To earn the series 6 series 7 or both you must also pass the new sie exam. This exam is not recognized in all states and must always be taken with another securities agent licensing exam such as series 6 or series 7. The series 63 65 and 66 licenses do not expire as long as you continue to be employed and a member of finra.
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