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Series 62 Study Guide / Series 62 Review Course / Series 62 Exam Flashcards

Series 62 Test Breakdown

The Corporate Securities Limited Representative Exam, also known as the Series 62 exam, is a test given by the Financial Industry Regulatory Authority (FINRA). Anyone who passes the Series 62 will be qualified to trade various debt securities such as real estate investment trusts (REITs), mortgage backed securities from the private sector, money market funds, corporate paper, etc. Passing the exam will open up many more avenues of income and career options for Wall Street professionals, and even if your firm doesn't require you to take it, it‘s a great investment in your future. The exam will have 115 multiple choice questions, and you'll need to answer at least 70% of them correctly in order to pass. The Series 62 exam may be taken every day except Sundays at Prometric testing centers all over America. The test fee is $70 currently. You are not allowed to bring scratch paper or a calculator, but they will be provided if you need them.

You'll need to study diligently and prepare well before attempting the exam; like all FINRA tests it's going to a wide ranging and in depth probe of your knowledge of the various kinds of corporate securities-what they are, what functions they serve, the kinds of companies that issue them,the markets for them, and how their value is determined. In addition, about one third of the questions will concern the many requirements you must follow with respect to your customer accounts. The Series 62 is no picnic,but with time and effort you should be able to pass it, and be qualified to trade corporate securities.

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