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11 Cards in this Set
- Front
- Back
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Brokers/salespeople Also named: |
(RR) Registered Representatives |
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Branch manager/supervisor Also named: |
Principals |
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Serie 6 license Also known as: |
Investment Company Products/Variable Contracts Representatives |
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What can be sold with a Serie 6 |
- assortment of packaged products also known as investment company securities. (Ex: mutual funds, variable contract) |
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Candidates possessing felony convictions within the last ... years will be statutorily disqualified from registration. (Felony or security or money related misdemeanor) |
10 |
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Industry rules required a license to be held by the firm, not the individual, he cannot be a "free agent" in the security industry. |
O |
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Waiting period after: - first attempt - second - third or more |
- 30 days - 30 days - 180 days |
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Variable = risk |
O |
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Continuing Education |
After 2 years and every 3 years after. = Within a 120 days of their second anniversary and every 3 years thereafter. (Failing to do so within 120 days grace period or the registration becomes inactive, can not perform or collect compensation) |
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Leaving the firm How long does the license last? |
RR have 2 years grace period to rejoin the industry. After that they must retake the test. |
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Leaving the firm for Military |
Their registration will be inactive but remain in force during their service and they do not have to re-register when returning. The continuing education is suspended during their service. |
