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Securities licensing
FINRA Study
Free practice questions for all major FINRA securities exams
Co-requisite for all FINRA representative-level exams
License to sell mutual funds, variable annuities & 529 plans
The full broker license — equities, bonds, options and more
State law exam required in most states to sell securities
Required for investment advisers — fiduciary, economics & regulations
Combines Series 63 & 65 — taken alongside the Series 7
NFA/CFTC exam for futures, options on futures & commodity derivatives
Supervisor license for broker-dealer principals — requires Series 7
License for M&A advisory and securities-offering investment banking
The Madoff Fraud
$65B Ponzi scheme — BD registration, custody, whistleblower, SIPC
The Enron Collapse
SPEs, mark-to-market, Arthur Andersen, Sarbanes-Oxley
The GameStop Saga
Short squeezes, PFOF, Reg SHO, market manipulation
The 2008 Financial Crisis
Subprime MBS, Lehman, AIG, Dodd-Frank reform
The FTX Crypto Fraud
$8B customer fund theft — custody, segregation, crypto regulation gap