Proposed Rule Change to Establish the Securities Trader and Securities Trader Principal Registration Categories

Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend NASD Rule 1032(f) (Limited Representative—Equity Trader) to replace the Equity Trader registration category and qualification examination (Series 55) with a Securities Trader registration category and qualification examination (Series 57). In addition, the proposed rule change amends NASD Rule 1022(a) (General Securities Principal) to establish a Securities Trader Principal registration category. The proposed rule change also makes technical conforming changes to the Form U4 (Uniform Application for Securities Industry Registration or Transfer).

TitleFormat - SizeStatus
Text of Proposed Rule ChangePDF - 1.25 MB
Federal Register NoticePDF - 209.53 KB
Approval OrderPDF - 175.57 KB