Hi, what is NASD? and what does series 11 and 63 do?
what is the official website for NASD?
Thanks,
2006-07-30 09:51:20 · 3 answers · asked by ed 1 in Business & Finance ➔ Investing
The NASD (formerly known as the National Association of Securities Dealers) is the primary Self Regulatory Organization (or SRO) responsible for the regulation of persons and companies involved in the securities industry in the United States.
Series 11 - A securities license for sales assistants who also take unsolicited securities orders for customers.
Series 63 - A securities license entitling the holder to solicit orders for any type of security in a particular state. This license is required in addition to the Series 7 or Series 6.
http://www.sec-nasd-regulations.com/index.htm
2006-07-30 09:59:28 · answer #1 · answered by mom2all 5 · 0⤊ 0⤋
The Series 7 is one of the exams administered by FINRA to become a stock broker. FINRA is the Financial Industry Regulatory Authority, which was formerly known as the NASD, The National Association of Securities Dealers. FINRA is a non-government self-regulatory organization (SRO) under the Securities Exchange Act of 1934 which overseas brokers and registered securities representatives The NASDAQ Stock Market, the Naational Association of Securities Dealers Automated Quote System is an over the counter stock market. An electronic trading market.
2016-03-22 13:19:58 · answer #2 · answered by Anonymous · 0⤊ 0⤋
NASD stands for the National Association for Securities Dealers. They are an association that covers the brokers of stocks and securities in this country. THe headquarters is in Alexandria, Virginia.
Good Luck
2006-07-30 11:27:58 · answer #3 · answered by teenriodoll 3 · 0⤊ 0⤋
About NASD
As the world's leading private-sector provider of financial regulatory services, NASD has helped bring integrity to the markets - and confidence to investors - for more than 60 years.
Our role in the United States is well known - NASD has long served as the primary private-sector regulator of America's securities industry. We oversee the activities of more than 5,100 brokerage firms, approximately 168,120 branch offices and more than 659,200 registered securities representatives. In addition, we provide outsourced regulatory products and services to a number of stock markets and exchanges.
From oversight to education, we touch virtually every aspect of the securities industry. NASD licenses individuals and admits firms to the industry, writes rules to govern their behavior, examines them for regulatory compliance and disciplines those who fail to comply. We oversee and regulate trading in equities, corporate bonds, securities futures and options. And we provide education and qualification examinations to industry professionals while supporting securities firms in their compliance activities. We also operate the largest securities dispute resolution forum in the world, processing over 8,000 arbitrations and 1,000 mediations a year. With a staff of nearly 2,000 and an annual budget of more than $500 million, NASD is a world leader in capital markets regulation.
Series 63
The Series 63 is designed to qualify candidates as securities agents. The examination covers the principles of state securities regulation reflected in the Uniform Securities Act. To obtain your Series 66 license you should plan to spend 40 to 50 hours in preparation. The national exam is administered in 2½ hours with 100 multiple choice questions
Series 11
This examination is designed for persons associated with a member who accepted unsolicited customer orders for submission for execution by a member. They cannot accept orders for municipal securities or direct participation programs.
The Series 11 does not require a prerequisite.
To obtain your Series 11 license you should plan to spend 50 to 60 hours in study preparation. This exam is given in one hour with 50 multiple choice questions. The Series 11 candidates must pass with 70% or better.
Official website:
http://www.nasd.com/
I hope this is what you were looking for. If not sorry and good luck finding it.
2006-07-30 09:59:27 · answer #4 · answered by Anonymous · 0⤊ 0⤋
This Site Might Help You.
RE:
What is NASD?
Hi, what is NASD? and what does series 11 and 63 do?
what is the official website for NASD?
Thanks,
2015-08-18 15:56:10 · answer #5 · answered by Felecia 1 · 0⤊ 0⤋
Www.nasd.com
2016-10-29 05:42:48 · answer #6 · answered by ? 4 · 0⤊ 0⤋
http://www.nasdaq.com/
2006-07-30 09:55:04 · answer #7 · answered by dredude52 6 · 0⤊ 0⤋