Tag Archives: General Securities

When my firm becomes a NASDAQ member, what impact does this have on my firm’s registered representatives?

Q: When my firm becomes a NASDAQ member, what impact does this have on my firm’s registered representatives?
When a firm registers as a NASDAQ member, certain categories of registered persons at that firm must also be
registered in the Central Registration Depository (CRD) as meeting NASDAQ registration status.
• Series 4 (Options Principal)
• Series 6 (Limited Representative, Investment Company and Variable Contracts Products)
• Series 7 (General Securities Representative)
• Series 9/10 (General Securities Sales Supervisor)
• Series 11 (Assistant Representative Order Processing)
• Series 17 (United Kingdom – Limited General Securities Registered Representative)
• Series 24 (General Securities Principal)
. Series 24 (Limited Principal, Proprietary Trader Principal (S56, S24))
• Series 26 (Limited Principal, Investment Company and Variable Contracts Products)
• Series 27 (Financial and Operations Principal)
• Series 28 (Introducing Broker/Dealer Financial and Operations Principal)
• Series 37/38 (Canada – Limited General Securities Registered Representative)
• Series 42 (Options Representative)
• Series 55 (Equity Trader) [Not required for NASDAQ members that are not FINRA members]
. Series 56 (Proprietary Trader)
• Series 62 (Corporate Securities Representative)

Firms that are approved and register as NASDAQ members will be required to submit U4s for each registered
representative in the above categories in CRD.

9088d-1487349_439244106201841_2132384116_n