What is the Series 28?

The Series 28 is an exam for professionals seeking become licensed recordkeepers or operations principals for broker-dealers or securities custodians. The Series 28 exam is more formally known as Introducing Broker-Dealer Financial and Operations Principal Qualification Examination (FI).Click to see full answer. Keeping this in view, how hard is the Series 27 exam?The Series 27 Exam includes 145 scored multiple-choice questions, as well as 10 unscored pretest questions randomly distributed throughout the test. Test-takers should answer every question; there is no penalty for guessing. Candidates have three hours and 45 minutes to complete the test. A passing score is 69%.Also Know, what is a Series 99? The Series 99 exam, or the Operations Professional Exam, is administered by the Financial Industry Regulatory Authority, or FINRA. If you pass, the Series 99 license allows you to advise or help people with specific financial needs. The exam covers: Onboarding of clients. Collecting, managing and distributing funds. Keeping this in consideration, what is FinOp? The Finance and Operations Principal (FinOp) is the primary go-to for ensuring financial regulatory compliance and protecting companies and customers alike from faulty business operations.What is an introducing broker dealer? Introducing broker (IB). An introducing broker is a broker-dealer that contracts with a clearing firm to handle the execution and settlement of orders that the introducing firm receives from its clients or its own trading desk to buy and sell securities.