A Look At Entry-Level Careers In Finance

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Financial Career Financial Career
A Look At Entry-Level Careers In Finance
Financial Education Financial Education
Succeeding At The Series 63 Exam
Exam Question Exam Question
Margin Account
FINRA Update FINRA Update
Margin Requirements: Using Securities Which Are Not Margin Eligible
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Financial Career  Financial Career --> more career articles
A Look At Entry-Level Careers In Finance
Those entering the workforce armed with a degree in finance face a tough choice. Do they head to Wall Street and the lucrative, although risky, world of high finance? Or, do they head away from the path of the investment banker and develop the tools to become a future giant of corporate finance? Of course, there are even more choices than that. Here we take a look at the options available to those entering the workforce, and provide some tips on how to find the right career.
Frequently Asked Questions  Frequently Asked Questions
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Financial Education  Financial Education --> more education articles
Succeeding At The Series 63 Exam
In most states, individuals who want to become licensed to sell securities must pass the Series 63 or Series 66 examination, depending on the level of other registration the individual has. The Series 63 exam allows individuals to become securities agents and to solicit orders for any type of security in a particular state. If you want to learn more about the Series 63 exam, read on as we go over it in detail and provide tips to help you get the score you need to move on to a career as a securities agent.
Read more »
--> Related Reading: Series 63 Practice Questions , Tips For Passing The Series 6 Exam

FINRA Update  FINRA Update --> more updates

Treatment of Non-Margin Eligible Equity Securities

Initial margin requirement for an equity security is 50 percent of the current market value, provided the security meets the definition of a margin equity security. Even if it doesn't meet this definition it can still be used, but the maintenance margin is 100 percent.
Effective Date: July 1, 2011
FINRA imposes a daily maintenance margin requirement which is generally 25 percent of the current market value...
View Full Notice PDF 98 KB »
Exam Question  Exam Question
Q: A customer has the following in his long margin account. Market value: $18,000, debit balance: $10,000 and SMA: $2,000. How much of the SMA may be used to purchase additional securities?
A. None

B.
 $1,000

C. $1,500

D. $2,000



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