The securities industry is a diverse field that involves the sale, purchase, and trading of securities. Some securities are publicly traded, while others are privately placed and are traded among individual investors. In general, securities are listed on stock exchanges to ensure that they are traded in a regulated and liquid market. The United States Securities and Exchange Commission, or SEC, regulates the sale, purchase, and exchange of securities.
The SEC also regulates the activities of investment advisers. They must register with the SEC and abide by their regulations, which are meant to protect the public and prevent securities fraud. In addition, if they advise a registered investment company, they must also register with the SEC. Lastly, these advisers must be licensed to advise U.S. residents.
There are various exams that you can take to earn the SEC certificate. The Securities Industry Essentials Exam is a FINRA-accredited test that assesses your knowledge of the fundamentals of the securities industry. The exam covers topics like the structure and function of securities markets, regulatory agencies, and prohibited practices. The exam is open to anyone 18 years of age and older.
A career in the securities industry requires a high level of initiative. You must be able to recognize opportunities and constantly follow up with clients. There is a lot of competition in this field, and it is important to stay motivated and focused in order to succeed.