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Series 62 is one of the most common qualifications sought by representatives of financial organizations. Professionals can obtain their Series 62 qualification by passing the Series 62 exam, which is also called the Corporate Securities Representative Exam. Individuals who successfully complete this exam are then qualified to transact corporate equities and corporate debt securities for clients. The Series 62 qualification is widely sought because of its ability to qualify professionals in the financial industry to trade some of the most common securities. This includes things like stocks, bonds, closed-end funds, and exchange-traded funds.
In order to pass the Series 62 Exam, a test-taker must answer at least 70% of the exam's 115 multiple-choice questions correctly. This must be done within the test's 150-minute time limit. If you're preparing for the exam, you should start learning the four major sections that you'll be tested on. They are the types and characteristics of securities and investments, the market for corporate securities, evaluation of securities and investments, and handling customer accounts and securities industry regulation. Given the many topics that can be covered on the Series 62 Exam, test-takers often choose to seek outside help when preparing to take it.