http://www.nasdr.com/5200_faqs.asp
A. The General Securities Representative Examination (Series 7) is an entry-level examination that qualifies the individual for registration with all self-regulatory organizations to trade:
corporate stocks and bonds,
rights,
warrants,
real estate investment trusts (REITs)
collateralized mortgage obligations (CMOs)
municipal securities,
optionsâequity, debt, index, and foreign currency,
investment company products/variable contracts, and
direct participation programs.
The Corporate Securities Limited Representative Examination (Series 62) satisfies an NASD qualification requirement for individuals who will trade corporate securities only. These include:
corporate stocks and bonds,
rights,
warrants,
REITS, and
CMOs.
<i>[NASD Membership and Registration Rules 1032(a) and 1032(e) - General Securities Representative and Limited Representative Corporate Securities]
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