Regulatory FrameworkQuestion 382 of 398
A candidate wants to sell mutual funds and variable annuities but not general equities or options. In addition to the SIE, which qualification exam is the appropriate 'top-off' for this limited scope?
a.Series 6 (Investment Company and Variable Contracts Products Representative)
b.Series 7 (General Securities Representative)
c.Series 24 (General Securities Principal)
d.Series 63 (Uniform Securities Agent State Law)
Explanation
The Series 6 is a top-off qualification exam for representatives who sell packaged products such as mutual funds and variable annuities. The Series 7 covers a broader range of securities including equities, options, and bonds. Both are taken in addition to the SIE, and a firm must sponsor the candidate.
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