Series 9 case studies
Series 9 · Put your knowledge to work in context.
The Series 9 is one half of FINRA's General Securities Sales Supervisor qualification - the limited-principal credential that lets a branch manager supervise sales activities rather than the firm's broader investment banking, trading, or financial-responsibility functions. It is taken alongside the Series 10, and both are corequisite with the SIE and the Series 7: a candidate must pass all four before the General Securities Sales Supervisor registration is approved. The Series 9 case studies are 5 cases and about 3,302 words.
1The Bounced ODD and the Backdated Approval
Alvarez, a Series 7/63 rep in a small OSJ, brings you a new-account packet on a Tuesday morning. The customer, Margaret Chen (72, retired), lists 180,000 in liquid securities, a 60,000 annual pension, an investment objective of 'speculation,' and no options experience.
617 words, about 3 min2Tier 1 Approval, Short Strangles, and a Retroactive Upgrade
Bright Harbor's options matrix has four tiers; tier 1 is covered calls and protective puts only. Client Patel, approved at tier 1 in 2022, has 95,000 and a moderate-growth objective.
633 words, about 3 min3'Retire on Premiums: 8% a Month, Guaranteed'
Okafor, your branch's top options producer, drafts a two-page flyer headlined 'Retire on Premiums: 8% a Month, Guaranteed.' It shows a table of results from his own personal account for 14 months (up 91%), says the strategy 'cannot lose money if you follow my rules,' and never mentions assignment, early exercise, or that past results do not guarantee future results. He wants to hand it out at a Saturday seminar for 300 retail attendees and post the same text on his public LinkedIn page and in a 200-member Facebook group.
694 words, about 3 min4Rolling a Widow's Puts 22 Times
You are reviewing monthly exception reports for the branch. Whitfield, 81, widowed, with a 250,000 account and an income objective, has generated 61,000 in commissions year to date - 38% of rep Sanders' production.
659 words, about 3 min5Six Weeks Without an Options Principal
Your region's only Series 4 Registered Options Principal, L. Park, is on medical leave for six weeks.
699 words, about 3 min