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What license is required to sell exchanged funds?
To sell exchanged funds, such as mutual funds or exchange-traded funds (ETFs), a financial professional typically needs to obtain a license from the Financial Industry Regulatory Authority (FINRA), specifically the Series 6 or Series 7 license. The Series 6 license allows individuals to sell mutual funds, variable annuities, and other packaged securities, while the Series 7 license enables the sale of a broader range of securities, including ETFs. Additionally, state registration and adherence to any specific regulations may also be required.
Can you sell a UIT with a series 6?
No, you cannot sell a Unit Investment Trust (UIT) with just a Series 6 license. To sell UITs, you typically need a Series 7 license, as it covers a broader range of securities, including UITs, stocks, and bonds. The Series 6 license is limited to selling mutual funds and variable annuities.
What is a series 6 license used for?
The series 6 license allows the holder to sell mutual funds and fixed annuities.
Do you need a series 6 or series 7 to sell fixed annuities?
no, just a life insurance license
What is a series 6 license?
Series 6 license is a type of securities license that the entitles the holder to as a registered limited representative who could sell mutual funds, variable annuities and insurance premiums. Holders of the Series 6 license aren't authorized to sell corporate or municipal securities, direct participation programs and options.
Can you sell equities with a series 6 license?
No, only mutual funds and fixed annuities.
Where on the internet could I find a list of healthcare etfs?
To find a list of healthcare ETFs, Morningstar gives a very comprehensive list. The list not only gives the names of healthcare ETFs, but it also shows the ETFs performance ratings.
What are series 6 and 63 licenses for?
Series 6 license is require for professionals who sell mutual funds, variable annuities, retirement plans and insurance products as well. While for series 63 license, it is required for those wish to sell only investment company products like mutual funds and money-market funds.
What can you do or sell with a Series 6 license?
The Series 6 allows you to sell open ended funds (mutual funds), Unit Investment Trusts and ETF's (new issues only), Face Amount Certificate Companies, new issues of closed-ended funds, and variable insurance products (if you also have you insurance licensing in your state). You can NOT sell individual stocks or bonds.
What is the best place to buy ETFs?
The best place to buy ETFs is through a reputable online brokerage platform that offers a wide selection of ETFs, low fees, and user-friendly interface for trading.
Where can one find a list of Canadian ETFs?
You can find a list of Canadian ETFs on various websites like TMXmoney and ETF. Both websites offer a great amount of information, including a list of Canadian ETFs.
What can you sell or do with a series 63 and 22 license?
Series 63 allows you to sell funds The answer is incorrect above. I obtained a Series 63 License in the state of Tennessee. The Series 63 License is NOT a license to sell FUNDS! It is a license to sell SECURITIES by means of Solicitation!
