Registered Representative

From Wikipedia, the free encyclopedia

A Registered Representative, also called a General Securities Representative or an Account Executive, is an individual who is licensed to sell securities and has the legal power of an agent.

Registered Representatives usually work for broker-dealers licensed by the Securities Exchange Commission (SEC) and the Self Regulatory Organizations (SRO) of the New York Stock Exchange (NYSE) and National Association of Securities Dealers (NASD). Recently the enforcement arm of the NYSE and NASD have combined to be known as as the Financial Industry Regulatory Authority (FINRA).^{[citation needed]}

To become a Registered Representative, one must pass the FINRA-administered Series 7 examination. Some state laws and broker-dealer policies require the Series 63 examination to be passed, as well.^{[citation needed]}