Brokerage trader exam
Such trades carry a high risk and a high payoff, and can generate large profits for investment firms that engage in them. There was a great deal of controversy regarding the role that deregulation and subsequent proprietary trading activities were responsible for the financial crisis and thus, whether new financial reforms were needed that would place limits on proprietary trading activities.
Exemptions are made for brokers who have already taken and passed the Series 7 General Securities Representative Exam. The exam first became available in June of The Series 56 exam is required for licensing as a proprietary securities trader.
Exams may be scheduled by phone or online. The Series 56 Exam consists of five general topics: In all, there are multiple choice questions with a 2. There are also five additional, unidentifiable pretest questions that will not count towards scoring. At both centers, test-takers are expected to arrive at least thirty minutes prior to the exam to allow time to check in. For admission, candidates need to present a valid, government issued identification that contains a signature and photo.
Its principal office address is located at: The examination is available in two sessions, morning and afternoon session. Each session can accommodate a maximum of thirty 30 examinees. On the other hand, special examination any day other than the regular examination schedule is available upon request and subject to the approval of the PhilSEC. Minimum of twenty 20 and a maximum of thirty 30 examinees can be accommodated for each session of special examination given at the SEC Main Office.
Provincial special examination is likewise available upon request and subject to approval of PhilSEC. Minimum of twenty 20 and a maximum of thirty 30 examinees can be accommodated for each session of provincial special examination.
Provincial special examination of any type given in venue other than the Head Office is paper-based. For more information, please click here. The material presented on this Website is for educational and information purposes only, and should NOT be construed as an offer or solicitation of an offer to buy or sell, or hold any securities. You shall be fully responsible for any investment decisions you make.