What are the benefits of series 7 certification?

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Financial advisers who desire to become registered representatives of broker-dealers must pass the Series 7, or General Securities Representative Examination. The Financial Industry Regulatory Authority (FINRA) administers the exam throughout the U.S. There are many benefits to passing the test.

Comply With Federal Requirements

Financial advisers are required to obtain licenses in order to trade stocks and securities. Failure to obtain proper licensure could result in heavy fines or criminal charges.

Grow Your Knowledge Base

This six-hour examination is packed with vital information that should be mastered by any financial adviser planning to trade corporate securities. Studying for the test is a great way to familiarize yourself with the laws and practices of the financial industry.

Trade Corporate Securities

Financial professionals who obtain Series 7 certification are authorized to trade corporate securities. Please note, the Series 7 certification does not authorize the trade of commodities or futures.

Registration

After obtaining your Series 7 certification, you will be qualified to register with the FINRA.

Take Additional Examinations

If you pass the Series 7 examination, you will be eligible to take more FINRA examinations. This is useful, as many who hold the Series 7 certification also hold a Series 63 or Series 66 license.

Source:

Investopedia: Series 7

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What are the benefits of series 7 certification?

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