Uniform Securities Agent State Law Examination

Uniform securities agent state law examination

A test required in some states for registered representatives who are employees of member firms of the NASD or over-the-counter brokers.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Uniform Securities Agent State Law Examination

In many states, an exam one must pass to become a registered representative with FINRA, a designation that authorizes one to trade for the brokerage or other firm for which one works. It authorizes one to sell any security except commodity futures contracts. It is important to note that some states require the Uniform Securities Agent State Law Examination in addition to the Series 7. It is not an alternative to the Series 7.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

Uniform Securities Agent State Law Examination

A test required by many states of people who want to become registered representatives. In addition to passing this test, the National Association of Securities Dealers requires candidates to pass the Series 7.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
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