Please note: The following information is intended to provide a general overview of the permitted activities of various registration categories, but it is not an exhaustive list. Please refer to Regulatory Notice 17-30, FINRA Rule 1220 and, regarding
retired exam categories, NASD Rule 1032 for further details. A candidate who passes the Series 6 exam is qualified for the solicitation, purchase and/or sale of the following securities products: A candidate who passes the Series 7 exam is qualified for the solicitation, purchase and/or sale of all securities products,
including corporate securities, municipal fund securities, options, direct participation programs, investment company products and variable contracts. Covered activities and products include:
Series 11 - Assistant Representative - Order ProcessingA candidate who passes the Series 11 exam is qualified to accept unsolicited securities orders (all securities except municipal securities and direct participation programs) from the broker-dealer’s customers for execution and provide current securities quotations. In addition, assistant representative-order processing registrants are prohibited from the following activities:
Series 17 - Limited Registered RepresentativeCovered activities and products include the solicitation and sale of:
Series 22 - Direct Participation Programs Limited RepresentativeCovered activities and products include:
Series 37 - Canada Securities Representative Exam (CD)Covered activities and products for CD representatives include:
Series 38 - Canada Securities Representative Exam (CN)Covered activities and products include the following:
Series 52 - Municipal Securities Representative Exam (MR)Municipal securities, including municipal fund securities (e.g., 529 College Savings Plans, Local Government Investment Pools (LGIPs)) Series 57 Security Trader Exam (TD)Covered activities and products include the following:
Series 62 - Corporate Securities Representative Exam (CS)Covered activities and products include the solicitation and sale of the following:
Series 72 - Government Securities Representative Exam (RG)The covered activities and products of a government securities representative include the solicitation and sale of the following.
Series 79 - Investment Banking Representative Exam (IB)Covered activities include advising on and/or facilitating the following:
Series 82 - Private Securities Offerings Representative Exam (PR)A candidate who passes the Series 82 exam is qualified for the solicitation and sale of private placement securities products as part of a primary offering. Series 86 and 87 - Research Analyst Exam (RS)Covered research analyst activities include preparation of written or electronic communications that analyze equity securities and/or companies and industry sectors. Series 99 - Operations Professional Exam (OS)Covered activities and products include the following:
What does registration by qualification mean?Registration by Qualification. Definition. What dose Registration by Qualification mean? It is a way to register used for intra-state offerings where the issuer is not filing with the SEC.
What securities should be registered?In general, all securities offered in the United States must be registered with the SEC or must qualify for an exemption from the registration requirements.
What are securities registrations?Registered securities are securities whose ownership is registered with an issuing company or agent, which maintains a ledger with the details. They are different from bearer securities, whose ownership lies with the bearer and which do not have a centralized ledger associated with them.
What does it mean when a security is registered with a state under the Uniform Securities Act quizlet?Under the Uniform Securities Act, registration of a security in a State means that: I disclosure documents have been filed with the Administrator. II the Administrator has reviewed the content and accuracy of the filing. III the Administrator has approved of the securities being offered.
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