Series 42

Series 42
An exam offered by the Financial Industry Regulatory Authority (FINRA) for financial professionals seeking to become licensed options representatives for a FINRA-member broker/dealer or principal.

The test consists of 50 questions taken over 1.5 hours, and a score of 70% or better is required for passing. Test questions cover the taker's knowledge of options terminology, trading strategies, handling of customer accounts, settlement practices, record-keeping, and overall broker conduct. The Series 42 has a corequisite of either the Series 62 or the Series 72 license.

Unlike some of the other exams that test broader sets of knowledge, the Series 42 is all about options, specifically listed options that trade on national exchanges like the Chicago Board Options Exchange (CBOE). Derivative contracts like stock options come with their own lexicon, which is completely different than that found in stock or bond trading. People seeking to become licensed options principals and supervise other registered representatives or a branch office must take and pass the Series 4, which has the Series 7 exam as a prerequisite.


Investment dictionary. . 2012.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • Series 40 — based Nokia 6300 Series 40 is a software platform and application user interface (UI) software on Nokia s broad range of mid tier feature phones, as well as on the Vertu line of luxury phones. It is the world s most widely used mobile phone… …   Wikipedia

  • Series — may refer to:Mathematics and science* Series (botany), a taxonomic rank between genus and species * Series (mathematics), the sum of a sequence of terms * Series circuits, a kind of electrical network * Seriation (archaeology), a method of dating …   Wikipedia

  • Series+ — Séries+ Création 31 janvier 2000 Propriétaire Astral Media (50 %) Canwest Media (50 %) Slogan « La télé des émotions » Langue Français Pays d origine …   Wikipédia en Français

  • SÉRIES+ — Création 31 janvier 2000 Propriétaire Astral Media (50 %) Canwest Media (50 %) Slogan « La télé des émotions » Langue Français Pays d origine …   Wikipédia en Français

  • Séries + — Séries+ Création 31 janvier 2000 Propriétaire Astral Media (50 %) Canwest Media (50 %) Slogan « La télé des émotions » Langue Français Pays d origine …   Wikipédia en Français

  • Series — Se ries, n. [L. series, fr. serere, sertum, to join or bind together; cf. Gr. ??? to fasten, Skr. sarit thread. Cf. {Assert}, {Desert} a solitude, {Exert}, {Insert}, {Seraglio}.] 1. A number of things or events standing or succeeding in order,… …   The Collaborative International Dictionary of English

  • series — [sir′ēz, sē′rēz] n. pl. series [L < serere, to join or weave together < IE base * ser , to line up, join > Gr eirein, to join together, OE searu, a snare, armor, ON sørvi, necklace] 1. a group or number of similar or related things… …   English World dictionary

  • Series 7 — may refer to:*The General Securities Representative Exam, commonly referred to as the Series 7 Exam. It is the most comprehensive financial securities exam offered by the FINRA *, a movie made in 2001. This film is also commonly referred to as… …   Wikipedia

  • Series 90 — (S90) программная платформа для сенсорных смартфонов операционную систему Symbian OS 7.0s. Series 90 была создана на базе платформы Series 80, а также разработок компании Интерфейс устройств на базе S90 визуально похож на интерфейс, используемый… …   Википедия

  • Series 14 — is a qualification examination administered to compliance officials at New York Stock Exchange (NYSE) registered broker/dealers. The 110 question test is intended to ensure that individuals designated as having overall day to day compliance… …   Wikipedia

  • series — I index assemblage II index chain (series) III index hierarchy (arrangement in a series) IV …   Law dictionary

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”