| General Securities Representative Exam |
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Information AboutGeneral Securities Representative Exam |
| CATEGORIES ABOUT GENERAL SECURITIES REPRESENTATIVE EXAM | |
| united states securities law | |
| standardized tests | |
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The exam is a six-hour test administered by the self-regulating National Association Of Securities Dealers (NASD), which covers a broad range of investments including Stocks , Bonds , Options , Limited Partnerships , and investment company products (e.g., Open- And Closed-end Funds ). A candidate must answer 70% of the questions correctly in order to pass. Upon passing the test, one is granted a Series 7 / General Securities license. This license is required of any investment professional who communicates with retail investors. For this reason, many account managers, analysts, and other executives in the employ of a registered Broker/Dealer hold Series 7 licenses. Clients of a Broker/Dealer, whether they be a hedge fund manager or a home investor, are not eligible for this licence. Most Series 7 license holders also hold the Series 63 License , which satisfies similar requirements for state-level securities regulators. EXTERNAL LINKS |
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