What on EARTH is the Series 7...
Hi everyone!
So my friend Danielle sent me a message, asking me what the Series 7 exam is. Well considering I have been blabbing about it for so long now, I guess I never realized that there are probably a lot of people who have no idea what it is. Well I couldn't think of how to describe it, SO I did a search on the internet, and after looking for a few moments here's teh best explanation I could find:
"The Series 7 Exam is the common name for the General Securities Representation Exam. The Series 7 Exam covers a broad range of investments, including stocks, bonds, options, limited partnerships, and investment company products such as open-end funds. Upon passing the test, you will be granted a Series 7 / General Securities license.
A Series 7 license is required of any investment professional who communicates with retail investors. Professionals who need a Series 7 license include stock brokers, account managers, analysts, and investment bankers. Practicing without a Series 7 license may result in severe financial and other penalties."
Basically it's a gate keeper. It's is an insanely tough exam that a person who wants to enter any of the above named fields needs to pass in order to even get into those careers. It's a way for them to keep people from entering the industry.
So there it is!! Hope that helps!
posted by Sarah @ 9:56 PM
4 Comments:
Ohhhh... I see. I didn't know about that. I was confused, I guess, about what you do. Lol. I'm so crazy.
Hi Sarah,
I was trying to google what a series 7, 63, 6 etc. licenses are and what they are good for, how to get them etc.
Well, your page is the first one that I found out of about 30 or 40 that boils it down for the novice like me :).
Hey if you can recommend any good learning sites concerning these licenses, please let me know. I just finished an accounting degree at Chico State CA and am thinking that I would eventually like to work into financial services.
My email is csucyoga@yahoo.com
in the subject line please put Att: magnumdrew.
Thank you,
Magnum
oh, also, i see you have no new music artists. try Kate Havnevik's album Melankton. It's on iTunes if that's your thing. She sounds a little like Bjork, a little like Imogen Heap. She's awesome and I adore her. To sample her, she's got a myspace. www.myspace.com/katehavnevik
I recently passed the Series 7 exam. I used the books from Empire Stockbroker Training Institute and they were right on the money.
http://www.empirestockbroker.com
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