Do stock brokers have to be licensed?
Most countries have some requirement for the licensing of stock brokers. In the United States, in order to buy or sell stocks, one must register as a representative of his firm with the National Association of Securities Dealers, Inc. (NASD) and to do so must pass the General Securities Registered Representative Examination (Series 7 exam), administered by the NASD. Most States also require a second examination, the Uniform Securities Agents State Law Examination.
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- Do stock brokers have to be licensed?
