About the Series 26 Exam
What are the topics covered on the Series 26 Exam?
The Series 26 exam is broken down into four parts (by job function). These topics include:
- Personnel Management Activities and
Registration of the Broker-Dealer
- Supervises Associated Persons and Oversees
Sales Practices
- Oversees Compliance and Business Processes
of the Broker-Dealer and its Offices
See below for more detailed breakdown or visit FINRA.
Personnel Management Activities and Registration of the Broker-Dealer
- Conducts personnel management activities and administers the registration of the brokerdealer
and associated persons in the Central Registration Depository (CRD)® System by
filing, updating or amending appropriate documents
- Provides training and education on securities industry structure, rules and regulations,
product characteristics, and firm policies
Supervises Associated Persons and Oversees Sales
Practices
- Monitors, supervises and documents the sales activities of associated persons to achieve
compliance with securities industry rules and regulations and firm policies and provides
feedback regarding product knowledge and performance
- Monitors, reviews and approves communications with the public to achieve compliance with
securities industry rules, regulations, filing requirements and firm policies
- Supervises recommendations and the handling of customers’ accounts and transactions for
appropriate disclosures concerning products, sales charges, risks, services, costs, fees, and
delivery of disclosure and legal documents
- Supervises compliance with FINRA’s cash and non-cash compensation rules
- Reviews and approves or prohibits outside business and personal financial activities of
associated persons
- Takes action, as necessary, regarding the conduct of associated persons and addresses
violations or potential violations of securities industry rules and regulations and firm policies
and procedures
Oversees Compliance and Business Processes of the
Broker-Dealer and its Offices
- Supervises the firm’s operational processes for compliance with regulatory requirements
related to the opening and ongoing maintenance of customer accounts
- Monitors, identifies and reports suspicious activities consistent with regulatory and firm
requirements and verifies that documentation is retained and filed
- Develops, implements and tests the adequacy of internal controls and monitors business
activities for compliance with regulatory and reporting requirements
- Performs required office inspections to verify compliance with regulatory requirements and firm
policies and procedures
- Proper handling, resolution and required regulatory reporting of customer complaints
- Supervises introduction, maintenance and reporting requirements of products/business lines
and financial responsibility compliance