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Up0
I am a registered general securities and options principal in the back offices of a BD and am curious if it will be accepted for my 4 yrs of experience requirement? Any feedback would be appreciated!
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Up3
I’m not an expert, but it seems like it to me.
Is more than 50% of your time spent in relation to investments or investment decision-making (including products that are included in or inform them)? The Institute seems to be pretty accepting of job experience along the whole finance/investment value chain.
The main thing is having someone who will sign off on that experience for you. They will send out forms that people have to fill out to validate your experience.
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Up3
All my time is spent in relation to investments. My function is supervision of the advisors who make client investment decisions. I do not have any role in formulating of those decisions however. I process trade corrections, make sure our internal procedures and policies are being followed, sign off on trades and review suitability information. I handle account corrections and adjustments and run hypothetical analysis to determine if backdating of purchases is needed in the case an advisor forgets to place a trade. I monitor our BD’s error accounts and reconcile them. When I thin of CFAI experience I would think they want more direct involvement in the actual investment decisions. My role is very supervisory but more from a back office perspective (operations). However, if this counts then it makes me happy.
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