The Series 7 is a license that is necessary before an individual can deal securities. Those who take the exam for a series 7 license are suitable to become a listed representative of broker-dealers in the joined States.
Obtaining a series 7 license, the applicant must take the series 7 exam (also called the General Securities Representative Examination). This test mainly wrappings the seven critical purposes performed by listing representatives: seeking business for the broker/dealer, assessing clientele bulgari replica desires and objectives, advising purchasers, organizing clientele accounts and account notes, interpreting the securities markets and the components that sway them, supervising customer portfolios and executing orders for purchasers. The Financial Industry Regulatory Authority or FINRA administers the test. The Series 7 exam is six hours long and comprises of 250 multiple-choice questions. The nominee must answer at least 70% of the 250 inquiries correctly to take.
In general, a one-by-one will not lawfully suggest clients, solicit transactions, or execute transactions for clients until he or she has passed the series 7 exam, fake corum obtained the corresponding license.
Although a series 7 license let the holder to deal a very wide variety of securities, it does not allow the holder to sell products or futures (this needs a Series 3 license).
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