Info 1: series 26 exam definition
Info 2: how the series 26 works
Info 3: series 26 vs series 7
Info 4: example of series 26
Opening information:
Series 26 exam sentence breaks into three words series, 26, and exam. Series means part of one matter in the whole thing, 26 means a number that represents some information, and exam means a test that is used to qualify.
Series 26 exam means qualifying someone or something for certain works. So now let’s have a look at what is a series 26 exam, how the series 26 exam works, and what is the difference between series 26 and series 7, finally one clear example of series 26.
Info 1: series 26 exam definition
When there is one big institution, certain businesses would be working with one huge purpose. Under such purpose, there are hundreds and thousands of people as employees to make the mission possible for such an institution.
But that company couldn’t simply run with thousands of employees without any chief person, which chief person is a head human for runs the whole operation for one company using an adequate amount of employees.
However any of the business heads would be called a top manager a CEO of one Industry, they would be a founder who started the business or the person who possessed all the skills and knowledge with experience to run the entire Corporation.
They are chosen with extraordinary degrees or master’s skills by their self-education to run the whole idea. Where they are the ones who are considered top managers.
This same concept applies in the public market, when one person needs to become the top manager in an Investment bank or trading institution or sales securities, they need to pass the necessary exam to qualify as a manager.
Here that exam is what is called a series 26. So let’s dive into how the Series 26 exam works in the public market.
Info 2: How Series 26 works
The Series 26 exam represents the test for qualifying the person as an Investment bank or company manager for trading and sales as a top manager.
This test couldn’t be taken by a person who is not a member of a self-regulated organization that works under certain government agencies and a person who won’t pass the exam of Securities Essential examination which is called SIE.
The person who didn’t pass the candidate exam of series 6, and if such person didn’t pass the series 6 was also allowed to take an exam and at least hold the series 7 exam passed the mark after the SIE exam.
Obviously, the series 26 exam are advanced level exam, which this exam posses the knowledge of rules, regulations, and limits of risk in such Investment Companies and Variable contracts products principals.
Therefore any of the candidates of the member in a FINRA are qualified to be involved in the contractual product of the investment banks, Industries, and other Investment companies.
However this series 26 exams is constructed and taken by the 110 questions Currently, but there might be a chance certain exam questions would be decreased or increased based on the Industry’s regulations.
Normally most of the Securities exams require a 70 percentage of mark to qualify in the particular subject, the series 26 exam also needs a 70 percent mark in the test within 2 hours and 45 minutes.
Where that 70 percent mark demands 77 correct answers from the whole test, some candidates only attend the 77 correct answers sometimes there might be the wrong answer too, for the reason attending all the questions and trying to get as much as scoring leads or helps the candidate to pass the series 26 exam.
Most people confuse series 26 and series 24, so let’s jump into the key difference in it anyway.
Info 3: series 26 vs series 24
The difference between Series 26 and Series 24 is, that Series 26 is a test to qualify certain individuals for involvement in the activities of various contract sales.
On the other side, the series 24 is the one which used to qualify the specific individual as a branch manager position on underwriting or trading extra…
So the key difference between the series 26 and Series 24 is Series 26 is contract involvement and Series 24 is not. To Make you more clear about series 26 let’s look at one clear example below.
Info 4: example of series 26
Say the Investment bank firm needs two kinds of people for two positions in their business, one position demands the manager to do the underwriting work.
Another position demands the sales manager to sell a closed-end fund of millions of shares in the primary market in IPO among the hundreds of initial Investors
Here the position for underwriting demonstrates the series 24 and the sales manager position refers to the series 26 exam.