Entry point for securities licensing with core knowledge on products, regulation, and market structure.

Focuses on mutual funds, variable annuities, retirement plans, and customer recommendations.

The flagship rep exam spanning products, trading, customer accounts, and regulations.

Direct participation programs, partnerships, taxation concepts, and suitability.

Equity and debt trading, market structure, order handling, and regulations.

State securities regulation, unethical business practices, and registration rules.

Investment vehicles, economics, portfolio management, and adviser regulation.

Combines adviser and agent state-law requirements with client and portfolio content.

Debt and equity offerings, M&A, financial restructuring, and underwriting process.

Private placements, exempt offerings, due diligence, and communications.

Principal-level options supervision, suitability, trading approvals, and regulatory oversight.

Sales supervision, options supervision, compliance systems, and branch oversight.

Principal-level compliance exam focused on supervision, regulatory obligations, and controls.

Regulatory framework for supervisory analysts, research, and communications.

Security valuation and analytical framework for supervisory analyst responsibilities.

Legacy sales supervision exam for supervising general securities representatives.

Branch supervision, communications, underwriting, market making, and firm compliance.

Supervision of mutual fund and variable product business lines.

Net capital, books and records, reserve formulas, and operational controls.

Operations principal knowledge tailored to introducing broker-dealers.

Principal-level DPP supervision, communication standards, and suitability oversight.

Research report analysis, valuation, and regulatory obligations for analysts.

Operations functions spanning clearance, settlement, margin, and records.

Municipal advisor activities, products, fiduciary duty, and public finance concepts.

Supervision of municipal fund securities activities and communications.

Municipal products, underwriting, trading, disclosure, and tax treatment.

Principal-level oversight of municipal underwriting, sales, and trading activity.

Supervisory oversight for municipal advisory firms and public finance engagements.

Covers commodity futures, hedging, options, regulation, and customer account handling.

Branch management responsibilities for futures professionals under NFA rules.

Managed futures, pooled vehicles, solicitation rules, and disclosure.

Regulatory conversion exam focused on futures regulatory requirements.

Forex regulation, margin, disclosures, and customer handling for retail forex business.