Series 28: Exemptions

Taken from our Series 28 Online Guide

Exemptions

Broker-dealers whose business activities are limited with respect to handling their customers’ funds and securities are exempt from the financial restrictions of the customer protection rule.

The following are exempt:

• Introducing brokers that promptly transmit all funds and securities to their clearing broker on a fully disclosed basis.
• Broker-dealers whose only transactions involve registered investment companies or interests in an insurance company’s separate account.

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I wanted to let you know I passed my Series 28 today!! Thanks for great prep materials. I have been working really long hours at my job and it was a challenge finding the time to study. The video lectures proved to be a big help. I’m glad that exam is over!!!

Nikita Brown, BMI. Atlanta, GA

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Nikita Brown, BMI. Atlanta, GA

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