Series 7

Series 7

A general securities registered representative license, it entitles the holder to sell all types of securities products with the exception of commodities/futures (which requires a Series 3 license).

Notes:

The Series 7 is probably the most comprehensive of the NASD representative licenses. It is a prerequisite for most of the NASD's principal examinations.

See also: Broker, NASD, Series 11, Series 24, Series 26, Series 27, Series 3, Series 30, Series 31, Series 4, Series 55, Series 6, Series 63, Series 65

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Series 7

An examination required of potential registered representatives and designed to test the candidates' basic understanding of the securities industry. The multiple-choice test, developed by the New York Stock Exchange, is administered by the National Association of Securities Dealers. Also called General Securities Registered Representative Examination. See also Uniform Securities Agent State Law Examination.

Case Study The Series 7 is only the best known of many examinations administered by the National Association of Securities Dealers. Other examinations include:

Examinations for Registered Principals
1. Series 4: Registered Options Principal
2. Series 9 and 10: General Securities Sales Supervisor
3. Series 24: General Securities Principal
4. Series 26: Investment Company Products/Variable Contracts Limited Principal
5. Series 27: Financial and Operations Principal
6. Series 28: Introducing Broker-Dealer Financial and Operations Principal
7. Series 39: Direct Participation Programs Limited Principal
8. Series 53: Municipal Securities Principal

Examinations for Registered Representatives
1. Series 6: Investment Company Products/Variable Contracts Limited Representative
2. Series 11: Assistant RepresentativeOrder Processing
3. Series 22: Direct Participation Programs Limited Representative
4. Series 42: Registered Options Representative
5. Series 52: Municipal Securities Representative
6. Series 55: Equity Trader Limited Representative
7. Series 62: Corporate Securities Limited Representative
8. Series 72: Government Securities Limited Representative
9. Series 82: Limited RepresentativePrivate Securities Offerings Representative

Other Examinations
1. Series 3: National Commodity Futures Examination
2. Series 5: Interest Rate Options Examination
3. Series 15: Foreign Currency Options Examination
4. Series 30: Branch Managers ExaminationFutures
5. Series 31: Futures Managed Funds Examination
6. Series 32: Limited Futures Exam
7. Series 33: Financial Instruments Examination
8. Series 63: Uniform Securities Agent State Law Examination
9. Series 65: Uniform Investment Adviser Law Examination
10. Series 66: Uniform Combined State Law Examination