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What is a series 6 license used for?
The series 6 license allows the holder to sell mutual funds and fixed annuities.
Can you sell a UIT with a series 6?
No, you cannot sell a Unit Investment Trust (UIT) with just a Series 6 license. To sell UITs, you typically need a Series 7 license, as it covers a broader range of securities, including UITs, stocks, and bonds. The Series 6 license is limited to selling mutual funds and variable annuities.
What is a series 6 license?
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.
Do you need a series 6 or series 7 to sell fixed annuities?
no, just a life insurance license
What are series 6 and 63 licenses for?
Series 6 license is require for professionals who sell mutual funds, variable annuities, retirement plans and insurance products as well. While for series 63 license, it is required for those wish to sell only investment company products like mutual funds and money-market funds.
What license is required to sell exchanged funds?
To sell exchanged funds, such as mutual funds or exchange-traded funds (ETFs), a financial professional typically needs to obtain a license from the Financial Industry Regulatory Authority (FINRA), specifically the Series 6 or Series 7 license. The Series 6 license allows individuals to sell mutual funds, variable annuities, and other packaged securities, while the Series 7 license enables the sale of a broader range of securities, including ETFs. Additionally, state registration and adherence to any specific regulations may also be required.
Do you need a security license to sell indexed annuities?
Yes, in most cases, you need a security license to sell indexed annuities, as they are typically considered securities. This requires obtaining a license, such as the Series 6 or Series 7, depending on the specific products you intend to sell. Additionally, some states may have their own regulations that necessitate licensing. It's important to check both federal and state requirements to ensure compliance.
Where can I take series 7 classes.?
Provides books and computer training for NASD exams including the Series 6 license and Series 65 exam license. Series 7 exam training and NASD exam Provides books and computer training for NASD exams including the Series 6 license and Series 65 exam license. Series 7 exam training and NASD exam Provides books and computer training for NASD exams including the Series 6 license and Series 65 exam license. Series 7 exam training and NASD exam
Can you sell ETFs with a series 6?
No.
What license is required to sell variable annuities?
To sell variable annuities, a financial professional typically needs to hold a life insurance license and a securities license, specifically the Series 6 or Series 7 license, which are issued by the Financial Industry Regulatory Authority (FINRA). The life insurance license allows the sale of insurance products, while the securities license is necessary for selling investment products like variable annuities. Additionally, compliance with state regulations is essential, which may require additional licenses or filings.
What can you do or sell with a Series 6 license?
The Series 6 allows you to sell open ended funds (mutual funds), Unit Investment Trusts and ETF's (new issues only), Face Amount Certificate Companies, new issues of closed-ended funds, and variable insurance products (if you also have you insurance licensing in your state). You can NOT sell individual stocks or bonds.
What is required for a Series 6a license?
The main requirements in getting a Series 6 license is by completing the Investment Company Representative Exam.
