2006-07-04 07:28:09 · 3 answers · asked by Dilshan G 1 in Business & Finance ➔ Investing
They are not licenses they are exams to qualify for a license.
The series 7 is the general brokers exam. It is primarily a compliance and core knowledge exam. However, passing the exam does not mean you know anything about investing, it means you know how not to violate Federal law and associated regulation. The series 63 is the uniform state law exam for brokers. It means you know how not to violate state blue sky laws.
2006-07-04 15:16:01 · answer #1 · answered by OPM 7 · 0⤊ 0⤋
Series 7 and Series 63 license you to trade or broker in finance. Series 7 is national, series 63 is state.
2006-07-04 08:08:42 · answer #2 · answered by Lucy 5 · 0⤊ 0⤋
You also need a brokerage firm to sponsor you in order to take those exams.
2006-07-04 10:24:24 · answer #3 · answered by marketwizard 2 · 0⤊ 0⤋