To become a professional commodity broker in the United States, an individual must take and pass the General Securities Representative Exam (Series 7) and in most states, the Uniform Securities Agent State Law Examination (Series 63). To take the test, you must be sponsored by "a member firm, a self-regulatory organization (SRO), or an exchange." This requirement, as well as the administration of the test, is under the jurisdiction of FINRA, the Financial Industry Regulatory Authority.
For individuals who are interested only in managing their own investments, several options exist to obtain a stock market education:
Traditional classroom setting
Non-traditional classroom settings
Self-education
Mentor/apprenticeship relationship
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Saturday, August 8, 2009
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