Question

Steffi is reviewing various licenses and their uses. Match the licenses to their respective uses.

You are eligible to work within the state.


You are eligible to sell limited investment securities.


You are eligible to sell fixed income investment products.


Your compensation is fee based.



Section 6


Section 7


Section 63


Section 65

Answer 1

You are eligible to work within the state.

• Section (or Series) 63 license allows the holder to sell any type of security in a particular state.

You are eligible to sell limited investment securities.

• Section (or Series) 6 license allows the holder to sell only mutual funds, variable annuities and insurance.

You are eligible to sell fixed income investment products.

• Section (or Series) 7 license allows the holder to sell virtually any type of security (including fixed income securities) with the exceptions of commodities futures, real estate and life insurance.

Your compensation is fee based.

• Section (or Series) 65 license allows the holder to sell securities and charge their clients with fees instead of commissions.