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CORPORATE SECURITIES

The Corporate Securities Limited Representative Qualification Examination (Series 62) is used to qualify individuals seeking registration with the National Association of Securities Dealers, Inc. (NASD) under By-Laws Article III, Section 2, and the Membership and Registration Rules. Registered representatives in this category of registration may trade common and preferred stocks, corporate bonds, rights, warrants, closed-end investment companies, money-market funds, privately issued mortgage-backed securities, other asset-backed securities, and REITS. This category, by itself, does not allow a registered representative to trade municipal securities, direct participation programs, other securities registered under the Investment Company Act of 1940, variable contracts, nor options. Candidates seeking to trade these latter products must also register in one or more of the NASD's other limited representative categories, or as General Securities Registered Representatives.

The NASD Series 62 is comprised of 115 questions and 150 minutes of testing time is allowed to complete the examination. A minimum passing score is 70%.

Topics
Percentage
1.
Characteristics of corporate securities
38%
2.
Market for corporate securities
21%
3.
Valuing corporate securities
14%
4.
Handling customer account
42%

 

 

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