A real estate professional with more than a decade of experience, Wanda Tineo serves as an independent agent in New York. Prior to entering real estate, Wanda Tineo worked in the insurance industry for 15 years, holding Series 6 and Series 63 licenses.
Administered by the Financial Industry Regulatory Authority (FINRA), the Series 6 license grants the ability to sell packaged investment products, including insurance policies, variable annuities, and mutual funds. In order to earn the license, candidates must pass FINRA's Investment Company and Variable Contracts Products Representation Qualification Exam.
Only applicants sponsored by a FINRA member firm are eligible to take the 135-minute licensing exam, which comprises 100 multiple-choice questions on topics such as tax regulation, securities markets, and customer evaluation. The Series 6 license is awarded to candidates who pass the exam with a score of 70 percent or higher.
Also known as the Uniform Securities Agent license, the Series 63 license is required of those interested in selling securities within certain states. The Series 63 exam, developed by the North American Securities Administrators Association, is shorter than the Series 6 exam, but is known for including difficult "trick" questions.
Most US states and territories require anyone with a Series 6 license to also pass the Series 63 exam. However, the requirement is waived in Puerto Rico, the District of Columbia, and seven US states, including Colorado, Florida, and New Jersey.
