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Candidates must pass the Securities Industry Essentials (SIE) exam and the Series 7 exam to obtain the General Securities Representative registration. For more information about the SIE and Series 7 exams, refer to FINRA Rule 1210 and FINRA Rule 1220(b)(2).
Apr 12, 2024 · To take the Series 7 exam, you must be sponsored by a FINRA member firm or a self-regulatory organization (SRO). Firms apply for candidates to take the exam by filing a Uniform Application for Security Industry Registration or Transfer (Form U4).
Apr 19, 2023 · What Is the Series 7 License? In order to sell any type of security besides commodities and futures, financial services practitioners must pass the Series 7 Exam. Officially, it’s called the General Securities Registered Representative Exam (GSRE).
Series 7 registered representatives are not required to register under Series 55 as equity traders based solely on the fact that they perform the clerical function of entering customer phone orders into the same routing system that customers could use to enter orders electronically.
Mar 26, 2008 · Individuals who want to enter the securities industry to sell any type of securities must take the Series 7 examination—formally known as the General Securities Representative Examination. Individuals who pass the Series 7 are eligible to register with all self-regulatory organizations to trade.
Apr 9, 2019 · This article answers the most frequently asked questions about the Series 7 top-off exam and license, equipping you with the information you need to plan for this next step in your career.
Sep 12, 2023 · Requirements for the Series 7 license are as follows: Security Industry Essentials (SIE) Exam. In 2015, FINRA streamlined its testing structure by consolidating the fundamental knowledge shared across several Series exams into the Securities Industry Essentials (SIE) Exam.
Requirements for the Series 7 License. Step 1: Prepare for the Series 7 license with STC exam prep. Shop Series 7 Exam Prep. Step 2: You must be age 18 or older to sit for the Series 7 exam. Step 3: Find a member firm to sponsor you.
In order to obtain registration as a General Securities Representative, candidates must pass both the Series 7 exam and a general knowledge co-requisite, the Securities Industry Essentials (SIE) exam. For more information about the activities requiring registration as a General Securities Representative, see FINRA Rule 1220(b)(2).
What Are the Requirements to Get a Series 7 License? 1. Pass the Series 7 Exam and the Securities Industry Essentials (SIE) Exam. In order to obtain your General Securities Representative license, you must pass both the Series 7 exam and the Securities Industry Essentials (SIE) exam. These exams are considered corequisites.
