Securities Licensing Courses
WebSeries7 offers a full line of FINRA securities
licensing products.
These study programs are geared for the self-study
student. Unique page formatting accompanied with
frequent quizzes lets you know the key concepts
involved in passing the test.
Click here to go to the On-Line Programs -- for the Series 6, 7, 24, 26, 63, 65, and 66-- and click on Securities and Futures Prep.
Here's a listing of the exam titles and what you do
with them. Representative licenses are listed
first and then the Principal licenses. If
you're going to be a principal of a firm you,
generally, have to have the "rep" license too.
Registered Representative Licenses:
Series 3 Exam
Commodity Futures
The Series 3 is for those
who want to be a futures broker ("Associated
Person") to take orders from clients on futures
contracts, options on futures contracts, and foreign
exchange. Also to become a Commodity Trading
Advisor or Commodity Pool Operator.
Series 6 Test
Investment Company Products
Become a registered
representative specializing in mutual funds.
It's also required for those who sell variable
annuities.
Series 7 License
General Securities
Representative
The Series 7 is the most comprehensive
securities license for a registered rep. It
allows the rep to purchase, and/or sell all securities products,
including corporate securities, municipal
securities, municipal fund securities, options,
direct participation programs, investment company
products, and variable contracts.
Series 11 Exam
Assistant Representative -
Order Processing
This
exam is for persons associated with a member who
accept unsolicited customer orders. They
cannot accept orders for municipal securities or
direct participation programs.
Series 17
General Securities Representative "Add On" License for U.K. Representatives
The Series 17 examination is an "add-on" test to the British securities license, that gives an individual the equivalent of the U.S. Series 7 General Securities license without having to duplicate material already covered in the British exam.
Series 30 Exam
Branch Manager - Futures
The Series 30 exam is required to be a Branch
Manager of an office dealing in futures.
Series 31 Test
Futures Managed Funds
Examination
The
Series 31 exam is required for those who want to sell managed
futures products (and don't want to be a fully
registered commodity futures broker).
Series 34 Exam
Retail Off-Exchange Forex Examination
The Series 34 exam is required for those individuals who work with retail customers in off-exchange forex business.
Series 55 Exam
Equity Trader Limited
Representative
Registered rep in this capacity may trade equity and
convertible debt securities on a principal or agency
basis.
Series 63 License
Uniform Securities Agent State
Laws
The
Series 63 exam tests on state securities regulation
listed in the Uniform Securities Act. Most of
the states require this for registration in addition
to the other exams (e.g., Series 7).
Series 65 Exam
Uniform Investment Adviser
Laws
The
Series 65 exam is for those who want to be
Registered Investment Adviser representatives.
Series 66 Test
Uniform Investment Adviser and
State Law Examination
The
Series 66 exam qualifies a rep as both a securities
agent and an investment adviser representative in
one test. You have to have passed the
Series 7 exam first, though, before you can register
with a state.
Series 82
Limited Representative-Private Securities Offerings
The FINRA Series 82 Limited Representative-Private Securities Offerings Qualification Exam is used to qualify individuals to be a registered representative and effect sales of private securities offerings as part of a primary offering.
Registered Principal Licenses:
Series 4 Exam
Registered Options Principal
This examination is for an individual who
will function as a registered options
principal of a securities broker/dealer.
Series 9 and 10 Exams
General Securities Sales
Supervisor
This registration is for those who will
supervise sales activities in corporate,
municipal, and options securities,
investment company products, variable
contracts, and direct participation programs
for an NYSE member firm.
Series 24 Exam
General Securities
Principal
This examination is for those who manage or
supervise the member's investment banking or
securities business for corporate
securities, direct participation programs,
and investment company products/variable
contracts.
Series 26 Test
Investment Company
Products/Variable Contracts Limited
Principal
This exam is for those who act as a
principal for the solicitation, purchase,
and/or sale of redeemable securities of open
and closed-end mutual funds and variable
contracts and insurance premium funding
programs and other contracts issued by an
insurance company.
Series 27 Exam
Financial and Operations
Principal
The Series 27 test's a candidate's knowledge
and understanding of financial
responsibility rules and recordkeeping
requirements. It's for those who
prepare the FOCUS reports for a brokerage
firm.
Series 51 Test
Municipal Fund
Securities Principal
The Series 51 exam is for those selling
municipal fund securities relating to 529
College Savings Plans and Local Government
Investment Pools (LGIPs).
Series 53 Exam
Municipal Securities
Principal
This exam is for those who act as a
municipal securities principal and for those
who supervise municipal securities reps.
This exam also enables the principal to
supervise municipal fund securities, for
example, 529 College Savings Plans and
Local Government Investment Pools (LGIPs).
Others:
Series 56 Exam
Proprietary Traders
The Series 56 Proprietary Traders Qualification Examination is designed to test a candidate’s knowledge of applicable products, securities markets, trading and reporting practices, investment strategies, and anti-fraud provisions as applicable to the role of a proprietary trader.
Series 99 Exam
Operations Professional Exam
This exam is not required for all back office personnel. The FINRA list of "covered persons" that must be registered essentially encompasses supervisors of client-facing back office functions, and persons who design and implement back-office operations and control systems. Clerical personnel, as are people who currently hold a Series 6 or Series 7 registration, are excluded/grandfathered from the requirement
Click on the course to see the study program details
and order:
FINRA Exams
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