This license is required for those supervising options activities. Topics covered include: interest rate options and options prices, the Federal Reserve, tax considerations, margin requirements and sales practice rules.
Registered Options Principal
This examination is required of an individual who will function as a registered options principal, compliance registered options principal, or senior registered options principal. The Series 4 tests the individual’s knowledge of options trading, exchange rules, and regulations applicable to the trading of options contracts, as well as the rules of the Options Clearing Corporation.
Prerequisite:: Series 7 or 62 with S42, S17, S37 or S38
Estimated Study Time: 40 hours
Questions: 125 multiple choice
Time Allowed: 3 hours
Passing Score: 70%
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Text & Exams
Series 4 Text & Exams
Series 4 Supplemental
Designed for anywhere, anytime use; Series 4 On-Demand training gives students the experience of a live class, but with the advantage of training as their schedule allows. The program requires Macromedia Flash (free download), an Internet connection and audio capabilities and is available for 45 days from the first usage. Although no purchase of study material is required, we strongly recommend that a study program be used along with the On-Demand lecture. (Total program time is approximately 6 hours)
**Note: Maggie Shine is NOT the instructor on the On Demand product.
Flash cards $65.00
Our electronic flashcards can be used as an additional study option to your training program. The Flashcards can be organized by course, chapter or FINRA exam sections; this study tool will allow you to test yourself, whenever, wherever you have internet access.
Finals – Online $125.00
Final exams are available in online format BUT may only be purchased as an add-on of a second format. They will not be sold as a stand alone item. Designed to supplement self-study or classroom training. You can test in practice or topic mode, with immediate correct answer response. or test mode, where you will be timed. These practice exams bring your training into focus with diagnostics, hypertext glossary, explanations, question randomization, and programmable study calendars.
Flash Cards, On Demand Lecture, Practice Finals – Online
- November 15, 2018SIE
- December 3, 2018SIE
- December 25, 2018Christmas - Closed
- January 7, 2019SIE