Information Notice - 3/31/15

FINRA Survey to Create the Securities Trader Qualification Examination

Published Date:

Executive Summary

FINRA intends to file with the SEC a proposed rule change to replace the Equity Trader registration category and qualification examination (Series 55) with a Securities Trader registration category and qualification examination (Series 57). FINRA intends to file the proposed rule change in conjunction with the national securities exchanges filing proposed rule changes to replace the Proprietary Trader qualification examination (Series 56) with the Securities Trader qualification examination (Series 57) in their respective registration rules relating to securities trading activities. Starting in April 2015, in anticipation of the proposed rule change, FINRA will conduct a job analysis survey to inform the development of the Series 57 qualification examination. Through this survey, FINRA intends to gather information from currently registered individuals regarding their roles, responsibilities and job functions, and to use the information to develop the Series 57 qualification examination. FINRA encourages survey recipients to participate to help ensure that qualification examination content accurately measures competence in a particular area

Questions about this Notice should be directed to:

  • Lex Toton, Manager, Testing and Continuing Education, at (240) 386-4677; or
  • Deborah Kase, Senior Continuing Education Analyst, Testing and Continuing Education, at (212) 858-4069.