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Series 11 Test BreakdownThere are some people who would like to work in the stock trading industry but have no desire to become full fledged stock brokers. Others aren't sure-they'd like to test the waters first and see how they like the industry without committing to the time and effort it takes to become a licensed stock broker. If you fall into either of these categories, you should consider taking the Assistant Representative Order Processing Examination (Series 11), which is administered by the Financial Industry Regulatory Authority (FINRA). By passing the Series 11 exam, you'll be qualified to accept unsolicited stock trading orders, and give quotes to customers, usually over the phone, under the direct supervision of a fully licensed registered representative. You will not be able to make stock recommendations, solicit new customers, open accounts for new customers, or receive commissions on the trades you accept. Many people who are hired by brokerage firms find this job quite fulfilling and have no desire to become stock brokers; others will want to move up after getting their foot in the door by becoming an assistant representative.
In either case, the Series 11 exam is the first step. It costs $60 to take it, and it's given all over the country at various testing centers in larger cities. It takes one hour, and consists of 100 multiple choice questions on securities and stock markets, the many regulation which govern brokerage firms, giving quotes and accepting orders, and filling out account forms properly. Passing the Series 11 exam can lead to a long and rewarding career with a brokerage firm. Click Here for
Series Test Breakdown
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