1: series 82 exam definition
2: how series 82 exam works
3: series 82 vs series 87
4: example of series 82
Opening information:
Series 82 exam sentence breaks into three things series, 82 and exam. Series means part of one whole event, 82 means a number which used to represent some matters, and exam means qualifying someone through the test.
Series 82 exam is a test for qualifying someone on the part of some skill of events, so now let’s have a look at what is a series 82 exam, how the series 82 exam works in the stock market for all Corporate Industries, and what is the difference between the series 82 and series 87, finally one clear example about the series 82.
1: series 82 exam definition
Whenever someone wants to get a great job in a stable organization or Corporation, they normally take a college to learn and qualify for their desired career after high school.
But when someone desires to have a career in the government jobs, the way is not like that, because government jobs are normally permanent public jobs.
It doesn’t matter what kind of government job the person chooses, it’s just having some test exam to qualify certain people to do that job.
If certain government jobs could only taken after the qualifications of college, then such a person needs to take an exam after an education of a certain college degree.
If the jobs could able to attended without having great qualifications, then the students were allowed to take straight exams to qualify for such public government jobs.
This same applies to the series 82 exam,
The person who wants to be involved and offer private Securities to the public people in the public primary stock market needs to write an exam for private Securities offering, which that exam is called as Seaes 82 exam based on the rules and regulations of the financial Industry regulated authority FINRA.
So now let’s dive into how the series 82 exam works in the public stock market for all people.
2: how series 82 exam works
The Series 82 exam is the test that represents the private Securities offering representatives, the series 82 doesn’t straightly qualify any person as a private Securities representative instead it’s an exam that qualifies to become such a representative.
However, the series 82 exam is not a simple basic exam, because they are used to test more advanced level knowledge in private Securities, therefore who want to write the series 82 exam must finish and pass the basic Securities Industry essentials exam.
Where this exam contains a total of 50 questions that are related to private investment securities who are willing to put the works on certain shares before it’s gone public in the primary market.
This series 82 exam requires candidate to answer at least 35 questions in a total of 50 questions, the person who gets marks lesser than 35 score is normally called a fail mark, were it’s shows that’s certain person doesn’t have the qualifications to perform the functions in the private Securities.
Moreover, this Series 82 exam is conducted for one and a half hours, and this exam time frame is not the same in the future if the question paper changes, the time frame of the Series 82 exam changes too.
If any of the members couldn’t write or write an exam, the candidate must register and be sponsored by the Financial Industry regulated authority (FINRA) to attend the exam and get a license to be involved in private equity offering to the public market.
Using this qualification of an exam, the candidate would have the authority to work in an investment bank and be involved in starting their own business based on their qualification.
Most people confuse series 82 and series 87, so let’s jump into the key difference in it anyway.
3: series 82 vs series 87
The difference between series 82 and series 87 is, that series 82 is the one which helps the person to qualify into involved in the activities of private Securities.
But the series 87 exam is the one that represents the activities of research analysts, so the research helps to research and analysis on private Securities, the series 87 and series 82 are not the same thing.
To make you more clear about series 87, let’s look into one clear example anyway.
4: example of series 82
Say you and your friends had written a different kind of exam but the same securities exam, you had written an exam for research analysis and your friend had written an exam related to private Securities.
Here your friend is the one who took of exam for series 82 because it’s one which qualified him as a private Securities offering representative.