Series 10 case studies
Series 10 · Put your knowledge to work in context.
The Series 10 - formally the General Securities Sales Supervisor Examination - is a FINRA qualification exam for individuals who supervise the sales activities of member firm personnel. It is a principal-level credential rather than a product-knowledge credential: where representative-level exams test what a product is and how it works, the Series 10 tests whether you know what a supervisor must approve, review, escalate, document, or refuse. The Series 10 case studies are 5 cases and about 3,877 words.
1The 9% Notes in the Bottom Drawer
is a seven-year registered representative in your Cleveland branch. Over the past eight months she has sold three-year promissory notes issued by her brother-in-law's equipment-leasing LLC to six of her retail customers, in amounts from 40,000 to 150,000, roughly $520,000 in total.
803 words, about 4 min2The Wire and the Trusted Contact
K., 84, is a widow with about 1.7 million at your branch, mostly CDs and a balanced fund. A trusted contact person - her daughter - was added to the account last year.
791 words, about 4 min3Turnover at the Top of the Board
Alan, your firm's top producer, has a 78-year-old retired client, Mr. P., with a 600,000 account.
712 words, about 4 min4The Unreviewed Queue
You are CCO of a 40-rep independent firm. During a branch inspection you find three things.
765 words, about 4 min5The Principal Who Approves Her Own Tickets
Maria is the sole registered principal and branch manager of a Level 3 office and produces roughly 40% of the branch's commissions. Under the firm's WSPs she approves new accounts, transaction blotters, and deferred variable annuity exchanges for the branch, and in practice she reviews and signs off on her own trades and those of the three reps who report to her.
806 words, about 4 min