What does RR mean in OCCUPATION & POSITIONS

A Registered Representative (RR) is someone who works with investors and brokers to buy and sell securities on behalf of customers. These individuals must be licensed and must follow the rules set by the Financial Industry Regulatory Authority (FINRA). They are also expected to provide advice based on their knowledge of the markets, economic trends and investments.

To become a Registered Representative, you must complete a certain level of educational requirements. FINRA requires applicants for registration to have at least a bachelor's degree and pass certain securities industry exams in order to obtain their license. Additionally, you must maintain your license by completing continuing education credits.

The main duty of an RR is to facilitate transactions between clients and brokers. However, RRs are also expected to provide advice about investments opportunities as well as market conditions that could affect those investments. In addition, they may monitor customer portfolios, research potential investments and address customer inquiries.

It really depends on the particular position the RR is seeking. But generally speaking, the more experience one has in financial services, the better qualified they will be for any given job opportunity in this field.

Absolutely! Many individuals start off in other roles such as financial advisors or stockbrokers before transitioning into becoming an RR. As long as you meet all necessary qualifications including the educational requirements and pass FINRA examinations, it is achievable to move from one role into another within the financial services industry.

Yes, being an RR often involves some form of client interaction whether it's advising them about potential investment opportunities or responding to inquiries about their holdings or portfolios. As such it requires strong communication skills along with good knowledge of financial products and services in order to be successful.

Definitely! Since your past experience working in finance can provide you with valuable insights into how markets work and what strategies work best when managing money or investing, many employers would likely view this favorably when considering your application for registration as an RD.

Yes! FINRA has established rules around ethics when dealing with customers that all registered representatives must adhere to while performing their duties under their licensing agreement. These include always acting in clients' best interests; always disclosing conflicts of interest; avoiding excessive trading; avoiding insider trading; not misrepresenting material facts; etc..