Preparatory Course Series 4 USA American Broker Examination (FINRA)
BROKER EXAM FOR SERIES 4 USA (PREPARATION COURSE)
The Series 4 exam — the Registered Options Principal Qualification Exam (OP) — assesses the competency of an entry-level principal to perform their job as a registered options principal.
The exam measures the degree to which each candidate possesses the knowledge needed to perform the critical functions of a registered options principal, including the rules and statutory provisions applicable to the supervisory management of a firm’s options personnel, accounts and trading, as well as exchange rules and regulations applicable to the trading of options contracts.
In addition to the Series 4 exam, candidates must pass the Securities Industry Essentials (SIE) Exam and the General Securities Representative Exam (Series 7) to hold the Registered Options Principal registration. For more information about the Series 4 exam, refer to FINRA Rule 1210 and FINRA Rule 1220(a)(8).
The Series 4 Content Outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required. The outline is comprised of the six major job functions of an options principal. You can find them in the curriculum section.
Covered supervisory activities and products include regulatory compliance over trading, market making, underwriting and advertising of:
- Equity options
- Foreign currency options
- Interest rate options
- Index options
- Options on government and mortgage-backed securities
This information is based on https://www.finra.org/registration-exams-ce/qualification-exams/series4