what is a nasdaq series 6 license and why do I need or want it?

2 Answers

  • 1 decade ago
    Favorite Answer

    NASD Series 6 is a Limited General Securities Representative. This license allows you to sell Mutual Funds, Municipal Bonds, and combined with a valid life insurance license variable life insurance policies and annuities. You would want it if you were going to work in Insurance Sales etc. Some firms also require customer service representatives that service these products also be licensed.

  • 1 decade ago

    The most basic license type will require you to take and pass Series 6 and Series 63 exams. The Series 6 exam covers securities law at the national level; Series 63 covers state-specific securities laws. A Series 6 license limits your sales to mutual funds and variable annuity and variable life insurance products.

    The Series 7 license broadens your scope to allow you to sell all types of securities, corporate, municipal, US government securities, options, direct participation programs, investment company products, and variable contracts. If you obtain a Series 7 license, you do not need to get a Series 6 license.

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