Series 62 Exam

What is a Series 62 Exam

The Series 62 Exam is designed to test those individuals seeking to become limited registered representatives in the field of corporate equity and debt security. The exam tests the candidate’s knowledge in the areas of:

  • Corporate Equities
  • Bond Markets
  • Security Analysis and Characteristics
  • Industry Regulations
  • Handling of Customer Accounts

The following outlines test topics and questions for the Series 62 Exam:

  • Characteristics of Corporate Securities – 25 questions
  • Valuing Corporate Securities – 14 questions
  • Market for Corporate Securities – 40 questions
  • Handling Customer Accounts – 36 questions

This exam is administered year round at Prometrics and Pearson testing centers and costs $90.00. It is a 115 question multiple-choice exam that must be completed within 150 minutes. The Series 62 Exam is required for many individuals working in the securities field. Successfully passing this exam requires a score of 70% or better.

SecuritiesCE Explains Series 62 Exam

Please note that the Series 62 Exam has a much more limited scope than the Series 7 exam. Once this exam has been successfully completed candidates can then act as limited registered representatives and have the option to trade in corporate bonds, equities, some asset-backed securities and preferred stocks. What they cannot do is trade in those open end funds registered under the Investment Company Act of 1940. This would include securities such as open-ended mutual funds.

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