Common FINRA Licenses

Question 1

General Securities Principal

Answer 1

24

Management of a member’s securities or investment banking business, including supervising, soliciting, and conducting business, or in training per-sons associated with the member

Question 2

Investment Adviser Representative

Answer 2

65/66

• Need not be sponsored by a broker/dealer.
• Developed by the North American Securities Administrators Association (NASAA) and administered by FINRA Regulation.

Question 3

General Securities Representative

Answer 3

7

• REITs
• rights
• options
• warrants
• mutual funds
• venture capital
• securities traders
• corporate financing
• municipal securities
• money market funds
• unit investment trusts
• government securities
• asset-backed securities
• mergers and acquisitions
• mortgage-backed securities
• Corporate stocks and bonds
• direct participation programs
• options on mortgage-backed securities
• repos and certificates of accrual on government securities

Question 4

Investment Company Products/Variable Contracts Limited Representative

Answer 4

6

• Mutual funds
• variable annuities
• variable life insurance
• initial offering of closed-end funds
• unit investment trusts (initial offering only)