Series 11

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The Assistant Representative/Order Processing Qualification Examination, or Series 11, is required for individuals intending to accept unsolicited customer orders for submission for execution by a member. Such individuals cannot accept orders for municipal securities or direct participation programs. These persons typically assist registered representatives in their day-to-day functions.

This license is only accepted by the NASD. NYSE member-firms must have their sales assistants qualified by passing the Series 7 exam.

The Series 11 is a 1-hour, 50 multiple-choice question exam categorized as follows:

Category	Questions	% of Exam
Types of Securities	11	22%
Processing Customer Orders, Providing Price Information, and Order Processing	19	38%
Securities Markets	8	16%
Securities Industry Regulations	12	24%

To pass the Series 11, a 70% is required (35 out of 50 questions must be answered correctly).

Series 11 Examination Fee: $60