A registered representative, also called a general securities representative, a stockbroker, or an account executive, is an individual who is licensed to sell securities and has the legal power of an agent in the United States.
To become a registered representative in the United States, one must be sponsored by a broker/dealer firm and must pass the FINRA-administered Series 7 examination (known as the General Securities Representative Exam) or another Limited Representative Qualifications Exam. Some state laws and broker/dealer policies also require the Series 63 examination (known as the Uniform Securities Agent State Law Exam).[citation needed][1]
A registered representative ("RR" or "rep" or "broker") is authorized to sell a large array of securities such as stocks, bonds, options, mutual funds, limited partnership programs and variable annuities. Registered representatives who sell variable products such as variable annuities or variable universal life insurance policies typically also must obtain the appropriate state insurance department license(s).
registered, representative, securities, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, registered, representative, . This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Registered representative securities news newspapers books scholar JSTOR August 2012 Learn how and when to remove this template message A registered representative also called a general securities representative a stockbroker or an account executive is an individual who is licensed to sell securities and has the legal power of an agent in the United States Registered representatives usually work for broker dealers licensed by the U S Securities and Exchange Commission SEC and the Self Regulatory Organizations SRO of the New York Stock Exchange NYSE and Financial Industry Regulatory Authority FINRA To become a registered representative in the United States one must be sponsored by a broker dealer firm and must pass the FINRA administered Series 7 examination known as the General Securities Representative Exam or another Limited Representative Qualifications Exam Some state laws and broker dealer policies also require the Series 63 examination known as the Uniform Securities Agent State Law Exam citation needed 1 A registered representative RR or rep or broker is authorized to sell a large array of securities such as stocks bonds options mutual funds limited partnership programs and variable annuities Registered representatives who sell variable products such as variable annuities or variable universal life insurance policies typically also must obtain the appropriate state insurance department license s See also editList of securities examinations Stock selection criterion Proper authority in AustraliaReferences edit Series 7 License Series 7 Exam Prep Training amp Study Materials External links editFINRA Registration and Examination Requirements Official website Series 7 Sponsorship Gateway nbsp This economics related article is a stub You can help Wikipedia by expanding it vte nbsp nbsp This article relating to law in the United States or its constituent jurisdictions is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Registered representative securities amp oldid 1090890803, wikipedia, wiki, book, books, library,
