Registered Options Principal
Qualification Examination
The Registered Options Principal Qualification Examination (Series 4) is designed to test a candidate's knowledge of the rules and statutory provisions applicable to the supervisory management of a firm's options personnel and options accounts. After passing the Series 4 exam, a registered person may supervise a FINRA member firm's option business and is qualified to oversee trades on the following instruments: Equity options; foreign currency options; interest rate options; index options; options on government and mortgage-backed securities. Each book is accompanied by an online test bank with 68 questions organized by chapter. The questions included in the book have been included in this online test bank.
Topics Covered:
- Options Investment Strategies
- Supervision of Sales Activities and Trading Practices
- Supervision of Employees, Business Conduct, and Recordkeeping and Reporting Requirements
Test: 125 multiple choice questions; 3 hours testing time. A candidate must answer 70% of the questions correctly to pass the Series 4 exam.
Pre-requisites: The Series 7, 17, 37, 38, 42 or 62 can be used to meet the prerequisite of the Series 4 exam. All candidates must be sponsored by a FINRA member firm to take the series 4 exam.