YOU ASK:
What is the definition of Registered Representative?
WE ANSWER:
A Registered Representative is a broker or a dealer who is registered under the National Association of Securities Dealers (NASD). He should also passed the examinations given by NASD in order to qualify to be a registered representative and should have given his application, complete with all the necessary background information. He should have passed the Series 7, which is the General Securities Registered Representative Examination.
As a registered representative of the NASD, he is able to engage in dealing with securities and represent a company (that is also a NASD member) in its sales activities. He is also allowed to sell securities to the public, as well as provide training to securities salespeople under that company.
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