401k403(b)457 Plan529 PanBankruptcyBudgetBusiness PlanCash FlowCentral BankCredit CardCredit UnionDay TradingDebit CardDebt ConsolidationDeposit AccountDividendEconomyEmployee BenefitsEmployee Stock OptionEntrepreneurFinancial AdvisorFinancial PlannerHard Money LenderHealth InsuranceHedgeIRAInsuranceInterestInvestmentLife InsuranceLoanMicrocreditMoneyMortgageMortgage LoanPawnbrokerPensionPortfolioRetirement PlanReturnsRiskSalarySocial SecuritySpeculationStock BrokerStock ExchangeStock MarketWageWarrant
Stock Broker
RequirementsServices providedHistorySimilar rolesActing as a principalTransactions by stock brokers in the US and UKBrokerage termsExplanation of a City Traders Job
RequirementsServices providedHistorySimilar rolesActing as a principalTransactions by stock brokers in the US and UKBrokerage termsExplanation of a City Traders Job
Requirements
In order to become a stockbroker in the United States, a candidate must pass the General Securities Representative Examination (also known as the "Series 7 exam").In the UK, brokers are required to pass the SII (Securities and Investment Institute ) Certificate in Securities, this qualification is achieved by passing two exams: Either Unit 1 Financial regulations or Unit 6 Principles of Financial Regulation for MiFID compliant retail trading, and either Unit 2 Securities, Unit 3 Derivatives or Unit 4 for both Securities and Derivatives. Passing Unit 1 or Unit 6 identifies individuals as having attained FSA Approved Person Status.