You don't have to earn a college to degree to become a licensed
stockbroker, but you do have to take a series of exams before you can
begin buying and selling securities. The Financial Industry Regulation
Authority (FINRA) requires that all securities brokers pass the Series 7
exam in order to receive their license. Most states also require you to
pass the Uniform Securities State Law Examination, or Series 63, to
receive your professional license buy and sell securities in your state.
Step 1:Get work at an investment firm. In order to sit for the Series 7 exam, FINRA requires you to have a company sponsor.
Step 2:Study for the
Series 7 exam. Once an investments firm hire you, it expects you to
study for the Series 7 while receiving on-the-job training. Use a study
guide to increase your success of passing the exam. See Additional
Resources about Series 7 study guides.
Step 3:Ask your
employer to register you for the Series 7. When you are ready to take
the Series 7, let your employer know so the firm can register you to sit
for the test by submitting a Uniform Application for Securities
Registration or Transfer (U-4) to FINRA.
Step 4:Set your Series
7 test date. After your employer registers you, you will receive a
contact list of FINRA certified testing sites in your area. You must
call your local testing area within six months of your employer
registering you to set a time when you will sit for the test.
Step 5:Study for your
Series 63. This test covers securities regulations as they pertain
specifically to the state in which you plan to work as a stockbroker.
All but 10 states in the nation require securities dealers to have their
Series 63 license. See Additional Resources to discover if your state
is among those 10.
Step 6:Set your Series
63 test date. The list of FINRA testing areas that administer the
Series 7 exam also administer the Series 63. Call your local testing
center in order to set a date to take your Series 63 exam.
Source:ehow
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