Online Classes to become a stock broker?
Question:
Thanks!
Answer:
The key step in becoming a stock broker is to pass the required securities exams:
1. General Securities Registered Representative Examination (Series 7 exam), administered by the National Association of Securities Dealers. For a detailed outline of what is covered on this exam, see: http://www.nyse.com/pdfs/series7.pdf...
2. Most states also require the Uniform Securities Agents State Law Examination (Series 63 exam).
There are prep courses available online for these exams. Search for the keywords:
nasd securities exam course.
However, in order to actually take the Series 7 exam, he must be sponsored by a member firm of the NASD; typically that means he must have been an employee of the firm for at least four months. You might be able to find a site that offers something more comprehensive than merely an exam prep and may be able to arrange a sponsorship.
Finally, keep in mind that brokerage firms generally hire college graduates with a degree in finance, economics or business. But if he has a degree in another field and a strong background in sales — stock brokers are sales persons — he should be OK, especially in smaller firms.
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