Definition of Limited Representative

A limited representative is an individual who has passed the Series 6 exam. a series 6 registered representative may represent a broker dealer in the sale of mutual fund shares and variable contracts.

Applying "Limited Representative" to Securities Exams:

A series 6 limited representative exam is appropriate for individuals who are seeking to transact business in redeemable securities, such as open end mutual funds. A life insurance license will be required for individuals who wish to transact business in variable contracts. Variable annuities and variable life insurance require both a securities license and a life insurance license. If this is the type of business you are seeking to operate, than a series 6 license may be your best option. Pass your series 6 exam guaranteed or your money back with our greenlight guarantee.

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