FINRA Proposes to Establish Securities Trader and Securities Trader Principal Registration Categories

FINRA filed with the SEC a proposed rule change to amend NASD Rule 1032(f) ("Limited Representative - Equity Trader") to replace the Equity Trader registration category and qualification Series 55 examination with a Securities Trader registration category and qualification Series 57 examination.

Additionally, the proposed rule change amends NASD Rule 1022(a) ("General Securities Principal") to establish a Securities Trader Principal registration category. The proposed rule change also makes technical conforming changes to Form U4.

See: Text of Proposed Rule Change; FINRA Filing.