most security licenses require that you are at least 18 years of age
A series 63 license is a license to sell securities. In order to obtain a series 63, you must pass an exam. Those who hold a series 63 license can sell securities in the state where they passed the test.
Most brokers and sales assistants obtain the Series 7 license from the NASD by passing the General Securities Registered Representative Exam. In addition to passing the exam, these professionals are required to take classes
Series 6 license is a type of securities license that the entitles the holder to as a registered limited representative who could sell mutual funds, variable annuities and insurance premiums. Holders of the Series 6 license aren't authorized to sell corporate or municipal securities, direct participation programs and options.
Series 63 allows you to sell funds The answer is incorrect above. I obtained a Series 63 License in the state of Tennessee. The Series 63 License is NOT a license to sell FUNDS! It is a license to sell SECURITIES by means of Solicitation!
The best way to verify your Series 7 license or General Securities Representative Exam is to contact FINRA, previously the National Association of Securities Dealers or NASD, through email and phone or you can just drop by personally to their office.
NASD - National Association of Securities Dealers
To obtain a series 7 license, one needs to first be sponsered by their department manager. After this step is done, study for the exam and find a local testing area. The exam costs $250 and a passing score of 70% is required to obtain the license.
Yes. To sell variable universal life insurance you will need a Series 63 Securities License, a variable life insurance license, and a regular life insurance license.
The Series 7 license is issued and overseen by FINRA, and it authorizes you to sell certain securities. You need to have sponsorship, do some exam prep, register for the testing, pay a fee of around $250, then successfully complete the test!
Either a broker (Series 6 or 7 license) or an advisor (series 65 license). A broker receives a commission for each purchase and or each sale, and an advisor receives a fee on asset under management.
Series 6 License is a National Association of Securities Dealers (NASD) license which requires individuals who wish to sell investment products such as unit investment trust funds, variable annuities and mutual funds. Those licensed individuals are called brokers or agents. Before getting a license, a person would need to take a Series 6 License Exam. This exam is composed of topics that include common and preferred stock, corporate and government securities, taxation, customer accounts, SEC/NASD rules, mutual funds, annuities, and variable insurance products. This exam is composed of 100 multiple choice questions.
Series 65 license is for professionals who deal with product education, retirement planning, conduct and business ethics, securities rules and regulations. These professionals are also called Investment Advisers. If you wish to become an Investment adviser then you need to take Series 65 training courses for you to become a certified professional in this field.