Series 28: Limited Principal—Financial And Operations

Limited Principal—Financial and Operations

Member firms that carry customer accounts, that operate as municipal securities brokers’ brokers, or that use the alternative standard to calculate their net capital requirements can only have FINOPs who have qualified as a “Limited Principal—Financial and Operations.” This includes the chief financial officer. FINOPs must register as a Limited Principal—Financial and Operations and pass the Series 27 qualification examination before the registration can become effective.

The duties of a Limited Principal—Financial and Operations include:

• • Final preparation, appro