What is Series 62 license?
A Series 62 Corporate Securities Limited Representative license qualifies individuals to sell public offerings and/or private placements of corporate stocks, corporate bonds, rights, warrants, REITs, CMOs, and securities of closed-end companies, repos and certificates of accrual on corporate securities; securities …
Can I sell a REIT with a Series 6?
Holders of the Series 6 license are not authorized to sell corporate or municipal securities, direct participation programs, and options. With Series 6, an individual can purchase or sell certain types of mutual funds, variable life insurance, municipal fund securities, variable annuities, and unit investment trusts.
What can you sell with a Series 63?
The Series 63 license is intended to measure an applicant’s knowledge and understanding of state law and regulations. It is required for individuals soliciting the purchase or sale of securities products, such as mutual funds, variable annuities, stocks, or bonds within a state.
What can I do with a FINRA license?
Administered by FINRA and known as the general securities representative license, the Series 7 license authorizes you to sell virtually any type of individual security, such as preferred stocks, options, bonds, and other individual fixed income investments—plus all forms of packaged products.
Is the Series 7 harder than the CPA?
When it comes to the tests, Series 7 covers municipal fund securities, corporate securities, solicitation, and more. It has about a 65% pass rate. Comparatively, the CPA exam covers business concepts, financial accounting and reporting, regulation and auditing/attestation. Both are broad, difficult tests.
What can you do with a Series 63 license?
What jobs can I get with a Series 63 license? If you have earned the Series 6 license and the Series 63 license, you can be a financial adviser or insurance agent who also sells mutual funds and works at a brokerage, investment firm, bank, or insurance company.
Can you take the Series 63 without a sponsor?
Unlike many other FINRA exams, the Series 63 exam does not require member firm sponsorship. If you are not Form U4 registered or affiliated with a firm through FINRA’s Web CRD system, you should use the Form U10 to request and pay the $125 fee for the Series 63 exam.
Is a series 63 a fiduciary?
The Series 63 is a securities exam and license entitling the holder to solicit orders for any type of security in a particular state. To obtain a Series 63 license, the applicant must pass an exam and possess knowledge of ethical practices and fiduciary obligations.