Question 1 of 18
A newly promoted supervisor passed Series 26 but has never held Series 6 or Series 7. What must the firm verify before activating the Series 26 principal registration?
Strong Interview Answer
Do not activate the principal registration based on Series 26 alone. The individual must satisfy the applicable representative prerequisite—Series 6 or Series 7—along with the Series 26 qualification and the current registration framework requirements.
What to Listen For
- Series 6 or Series 7 prerequisite
- Series 26
- registration not active merely because the principal exam was passed
- Rule 1220(a)(11)
Caution
Do not confuse passing an exam with satisfying the full registration prerequisites.