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Series 28 – Introducing Dealer Financial and Operations Exam

Series 28 – Introducing Dealer Financial and Operations Exam

Credential for Supervising Financial and Operational Functions of Introducing Broker-Dealers
Created byTejas B
Last updated 11/2025
English

What you'll learn

  • 1. Calculate Net Capital (Rule 15c3-1) for a non-carrying firm, applying the necessary haircuts and deductions.
  • 2. Prepare and file the FOCUS Report Part IIA and other critical financial statements and regulatory disclosures.
  • 3. Master the compliance requirements for record-keeping (Rule 17a-3/17a-4) and the firm's AML program.
  • 4. Oversee the limited operational responsibilities related to customer funds, clearance, and the relationship with the firm's clearing broker.

Included in This Course

101 questions

  • Test51 questions
  • Test50 questions

Description

The Series 28 exam, formally known as the Introducing Broker/Dealer Financial and Operations Principal Qualification Examination, is a FINRA-administered credential designed for professionals who oversee the financial and operational activities of introducing broker-dealers (IBDs). Passing this exam qualifies individuals to ensure accurate financial reporting, maintain operational compliance, and supervise net capital and recordkeeping requirements specific to IBDs.

This course prepares candidates to master financial reporting, operational controls, net capital compliance, and regulatory requirements unique to introducing broker-dealers. You will learn how to monitor financial statements, supervise operational processes, enforce internal controls, and ensure adherence to FINRA, SEC, and SRO rules, providing the expertise needed to maintain the firm’s operational and financial integrity.

The Series 28 is ideal for financial and operations principals, compliance supervisors, and senior operations professionals seeking to demonstrate authority in managing IBD-specific financial and operational responsibilities.

What You’ll Gain by Earning This Credential:

  1. IBD Financial and Operational Authority: Oversee financial reporting, net capital compliance, and operational functions of introducing broker-dealers.

  2. Industry Recognition: Obtain a credential respected by broker-dealers, investment firms, and regulatory bodies.

  3. Career Advancement: Open opportunities in IBD financial management, operations leadership, and compliance supervision.

  4. Regulatory Competence: Demonstrate the ability to ensure compliance with FINRA, SEC, and SRO rules related to IBD operations.

Requirements or Prerequisites:

  • Sponsorship: Must be associated with a FINRA-member firm or other approved SRO.

  • Corequisite Exams: Candidates must have prior registration as a Financial and Operations Principal (Series 27) or meet other FINRA eligibility requirements.

  • Examination: Successfully complete the Series 28 exam, which consists of multiple-choice questions covering financial reporting, net capital, operational procedures, and regulatory compliance specific to IBDs, achieving the required passing score.

Who Is This Certification For:

  • Financial and operations principals, compliance officers, and senior operations professionals in introducing broker-dealers (IBDs).

  • Professionals responsible for financial reporting, net capital compliance, and operational oversight in IBDs.

  • Individuals seeking industry-recognized credentials in IBD-specific financial and operational management.

  • Those aiming to advance careers in IBD operations supervision, compliance leadership, or financial management roles.

Who this course is for:

  • • Individuals designated or aspiring to be the Financial and Operations Principal (FINOP) of an introducing broker-dealer.

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