What is the 72 series?

Series 72 is one of the 39 professional licensing tests offered by the Regulatory Office (Finra), an American self -regulation organization for securities, for those who want to become a representative of an account or broker, a professional trader, a licensed official or a manager in mediation of securities or investment bank. Formally known as a representative qualifying examination in the Securities Limited government, which is formally, qualifies the 72 FINRA series test as registered representatives who were able to transactions of a member company in government securities, agency securities and mortgage mortgage.

Series 72 is a closed book consisting of 100 questions with a selection with a selection; The candidates are equipped with a basic electronic calculator and scratch. Test workers have a maximum of three hours to complete the Series 72 test and to go through a minimum score of 70.about a group. The 72 series test is divided into six sections: government securities; securities supported by mortgage; related securities and financial instruments; economic activity, government policy and interest rate behavior; the regulations of the securities branch and legal considerations; and customer considerations.

Given the size of the US government budget and the housing market, the market market markets are included in the 72 series Test 72, the most liquid and most active markets of its kind in the world. On the other hand, it is appropriate for potential candidates to assure themselves to their sponsorship company that they will not have to be carried out a more general license examination, such as a representative examination of the 7 series.

Finra is the largest industrial self -regulating organization for securities in the USA, which consolidating New York Stock Exchange (NYSE), NYSE Regulation, Inc. and the National ASSealers of securities dealers were created in 2007 after the US Securities Commission approval. It is responsible for regulatory and supervision of approximately 4,700 brokerage companies, 167,000 branches and 637,000 registered securities representatives. Each individual employed by FINRA Membership and involved in her securities business must be registered with FINRA. This includes partners, officers, director, branch, department and sellers.