Securities Licenses

There are certain securities license requirements that you should keep in mind if you plan to be into the securities industry, sell investment or work for a broker-dealer. The first step in being in this field whether it is a registered representative or investment advisor is obtaining the right securities license. People who are in college for courses relevant for this will also be required to get some securities license training completion before working in the field.

The FINRA (NASD)

All securities licensing procedures and requirements are being handled by the Financial Industry Regulatory Authority (used to be known as National Association of Securities Dealers). Members of this self-regulatory organization must have their employees licensed depending on their job functions. FINRA also administers many of the examinations needed by professionals to pass to be licensed. They offer licenses needed by supervisors and representatives in the field and each license corresponds to a business or investment. Several kinds of licenses are offered and listed below are just some of them and their correspondence:

·         Series 6 – limited-investment securities license. Allows the holder of this license to sell packaged investment products (i.e. mutual funds, unit investment trusts, variable annuities). This license is required for insurance agents that sell variable products as well.

·         Series 7 – general securities representative (GS) license. Allows the license holder to sell individual security (common and preferred stocks, call and put options, bonds, packaged products-except those requiring life insurance licenses to sell).

·         Series 3 – commodities specialty. Holders can sell commodity futures contract (riskiest publicly traded investment).

·         Series 63 – uniform securities agent license. All series 6 and 7 license holders must possess this license as well as it allows the holder to transact business within the state.

·         Series 65 – registered investment advisor. The license is for financial advising – financial planners or advisors. 

Students or professionals who want to be in the securities or investment field must pass the examination for each of the securities license depending on what type of business or investment they are at. The best way to be prepared for the exam is by taking up the right training course for them.

A lot more of other licenses are required to be in the securities industry and they are all related to specific business or type of investment. To know more about securities licenses and to get resources such as series 6 license study material, you can visit http://www.securitiescampus.com/ - your provider of online securities training.