FINRA Series 4 Principal Level Exam Prep Training Course & Study Materials
Prepare for your FINRA Series 4 Exam with our comprehensive online training program. We offer the most efficient and effective training solutions to ensure you master the difficult concepts and have the confidence to pass your exam the first time. Browse a variety of study packages available to fit every learning preference and budget.
*Actual price may vary depending on package selection.
FINRA Series 4 Principal Level Exam Prep Training Course & Study Materials
Whether you learn best by reading, video, taking notes, or live instruction, we’ve got you covered. We offer flexible learning packages with access to a variety of study tools for every learning preference.
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TEXTBOOK PACKAGE
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Hard-Copy Textbook
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Personalized Study Plan
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Best Practice Guide
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Competency Exams
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Practice Question Sets
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Benchmark Final
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Standard Final Exams
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Custom Exam Generator
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Phone Instructor Support
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Glossary and Acronyms
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TC Critical Facts
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Real-Time Content Updates
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Report Center
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On-Demand Video Lectures
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Checkpoint Exams
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eBook
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SpotCheck Quizzes
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Online Instructor Support
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Online Flashcards
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Live Focused Webinars
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*Securities products are available through Training Consultants, an ExamFX brand. Click this button to checkout on TrainingConsultants.com
Virtual Training Schedule - Live Webinars
Reduce the stress of self-study with the Live Online Package and live focused webinars. Available with package purchase, these webinars break down the most challenging exam topics, equipping you to confidently tackle your exams.
Explore our full virtual training schedule below.
Session dates are subject to change. Access Live Focused Review Webinars with the purchase of a Live Online Package.
Additional Study Materials
Looking to supplement the Textbook Package? Browse our additional study materials. The following Study Materials are included in the Online Course and Live Online Study Packages.
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Exam Center
Access practice exams that mimic the actual exam. Test at multiple levels to gauge your knowledge level, identify areas needing improvement, and identify your level of readiness for exam day. Included in the Live Online and Online Course Packages.
Learn MoreExam Details
Everything you need to know about the exam before you register and start your preparation journey.
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125
Multiple-Choice Questions
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3h 15m
Time to Complete
72%
Passing Score Required
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$155
Exam Cost
What is the Series 4 Exam?
The Series 4 exam, the Registered Options Principal Qualification Exam (OP), assesses the competency of an entry-level principal to perform their job as a registered options principal.
Function 1: Supervise the Opening of New Options Accounts
- Account Documentation
- Review completeness and accuracy of new account forms
- Understand account types: individual, joint, IRA, trust, fiduciary
- Disclosure and Compliance
- Ensure delivery of Options Disclosure Documents (ODD)
- Verify margin disclosures and portfolio margining requirements
- Suitability and Approval
- Evaluate customer trading objectives and risk tolerance
- Approve uncovered options accounts based on net equity and strategy
- Verification and Agreements
- Confirm signed options agreements and discretionary account approvals
Function 2: Supervise Options Account Activities
- Recommendations and Suitability
- Review strategies for alignment with customer profiles
- Monitor sales activities and ensure best interest obligations
- Margin Supervision
- Confirm margin calculations and adherence to requirements
- Oversee portfolio margining and mark-to-market practices
- Risk and Exposure
- Evaluate profit/loss scenarios, breakeven points, and tax implications
- Monitor contract adjustments due to corporate actions
- Complaint Handling
- Investigate customer complaints and ensure proper documentation
- Comply with reporting and retention requirements
Function 3: Supervise General Options Trading
- Trade Monitoring
- Oversee order routing, execution, and exercise notices
- Manage assignment allocation methods and customer notifications
- Exception Reviews
- Monitor for large positions, Regulation SHO compliance, and best execution
- Identify and address prohibited trading practices
- Error Correction
- Supervise cancel/rebill procedures and error accounts
- Market Access
- Authorize customer access and enforce credit/risk controls
Function 4: Supervise Options Communications
- Telemarketing Oversight
- Enforce time-of-day restrictions and do-not-call compliance
- Retail Communications
- Review and approve retail communications and trading program materials
- Ensure proper disclosures and worksheet standards
Function 5: Implement Practices and Adhere to Regulatory Requirements
- Policies and Procedures
- Maintain written supervisory procedures (WSPs)
- Ensure compliance with firm and regulatory standards
- Regulatory Reporting
- Monitor for rule changes and update practices accordingly
- Oversee internal controls and audit readiness
Function 6: Supervise Associated Persons and Personnel Management Activities
- Training and Supervision
- Ensure proper licensing and continuing education
- Monitor daily activities and conduct reviews
- Conduct and Ethics
- Address violations and promote ethical behavior
- Maintain supervisory records and personnel files
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