FINRA & Licensing Exam Questions and Answers | 100% Pass

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FINRA & Licensing Exam Questions and
Answers | 100% Pass
FINRA - Answer✔️✔️--Financial Industry Regulatory Authority

-created July 2007, consolidation of Nat'l Assoc of Securities Dealers + NYSE's member

regulation, enforcement and arbitration functions

-self-regulatory org (SRO)

-any planner or broker/dealer wishing to sell securities must register w/FINRA

FINRA registration process (5) - Answer✔️✔️--Registration req's of any planner,

broker/dealer or reg rep of one:

1) individual wishing to sell securities must associate with a broker/dealer

2) then registers w/FINRA via broker/dealer, completing background/info check using

Gorm U-4

3) once registered, takes/passes appropriate licensing exam(s)

4) then issued a Central Registration Depository (CRD) # and printout of securities

licenses held (important when registering to sell securities with other states)

5) maintains continuing ed reqs via broker/dealer annually ("firm element"), plus

additional ed reqs at regular intervals ("regulatory element").

FINRA Series 6 - Answer✔️✔️-Can sell all open-end investment (mutual funds), variable

annuities, variable life insurance, and initially-offered (not secondary) unit investment

trust


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