Series 57

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Definition of 'Series 57'

The Series 57 is a securities law exam that is required for individuals who want to work as a registered representative (RR) or investment adviser representative (IAR). The exam is administered by the Financial Industry Regulatory Authority (FINRA) and covers a wide range of topics, including securities law, regulations, and ethics.

The Series 57 exam is divided into two parts: the General Securities Principal Exam (GSP) and the Investment Adviser Representative Exam (IAR). The GSP covers the basics of securities law, including the Securities Act of 1933, the Securities Exchange Act of 1934, and the Investment Advisers Act of 1940. The IAR exam covers the specific rules and regulations that apply to investment advisers.

In order to pass the Series 57 exam, candidates must score at least 70% on each section. The exam is offered on a regular basis at testing centers throughout the United States.

The Series 57 is a challenging exam, but it is an important step for anyone who wants to work in the securities industry. By passing the exam, candidates demonstrate their knowledge of the laws and regulations that govern the securities industry.

The Series 57 is also a valuable asset for anyone who is looking to advance their career in the securities industry. The exam shows potential employers that you have the knowledge and skills necessary to work in a regulated environment.

If you are interested in working in the securities industry, the Series 57 is a valuable credential that can help you get started on your career. By passing the exam, you will demonstrate your knowledge of the laws and regulations that govern the industry and show potential employers that you have the skills necessary to succeed.

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