What is the 82 series?

Series 82 is a financial examination in the United States. It is intended for financial representatives who will sell shares in the company to private investors rather than through a fleet in the public stock market. Because the exam is so limited, it is only suitable for people who will only work in this role.

The 82 series test content concerns private locations. This is a form of sales of shares to private investors who do not include a public offer. The final effect is the same and the participating company will still be partially owned by investors. Those who pass the exam are qualified only for direct organization of shares from the company and cannot be involved in future sales among investors. The qualification does not apply to the sale of municipal or government securities. The benefits are that there are fewer limitation of the size of the company offering stocks and that costs and management are significantly lower. The main disadvantages are that there is a limit of how much a company cant in this way, and it may be harder to attract investors because of their fear that it will be quite harder to find people who sell stocks in the future.

The

series 82 test was introduced by the Gramm-Leach-Bliley law of 1999. This was a law that reduced the regulation in the financial service industry. In particular, this removed obstacles between investment banks, commercial banks and insurance companies. In order to pass the 82 series, there is a test fee of $ 80 (USD). The test is carried out by the Regulatory Office of the Tax Industry (Finra), a private company that regulates its members.

Series 82 test contains 100 questions and has a time limit of 150 minutes. Candidates must be a core exam at least 70%. The subjects to which the test applies to four main areas, but the exact disintegrations differ a little from one test to another. Approximately 13 questions include the characteristics of business securities andAbout 45 questions are dealt with in regulation of markets in securities, registered and unregistered. Approximately 16 questions include the analysis of corporate securities and investment planning, and eventually tests about 26 questions the person's knowledge of handling customers and industrial regulations.