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Course Descriptions and Prices
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FINANCIAL
OPERATIONS
The
NASD's Financial and Operations Principal ("FinOp")
qualification examination is designed to test a candidate's knowledge
of rules and statutory provisions relating to broker/dealer financial
responsibility and record keeping, the protection afforded investors
under the Securities Investor Protection Act of 1970, the Federal
Reserve Board's regulations governing extensions of credit on
securities transactions and the uniform practices of the industry.
The
examination is composed of 145 points worth of questions, containing
information concerning candidates performing net capital and 15c3-3
computations based on financial information in a firm's trial
balance. A maximum of 3 1/2 hours testing time is allowed for
candidates to complete the examination.
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Topics |
Percentage
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1.
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Keeping
and Preservation of Records
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16%
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2.
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Net
Capital Requirements |
44%
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3.
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Customer
Protection |
37%
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4.
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Municipal
Securities Rulemaking Board (MSRB) regulations
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10%
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5.
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Federal
Reserve Board Regulations
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8%
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6.
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Uniform Practice Rules |
15%
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7.
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Other
Relevant Regulations |
15%
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as possible. However, Test-N-Learn Company does not warrant that
product descriptions or other content of this document or its
web site is error-free. Prices
and other information in this document are subject to change without
notice.
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