FINRA Series exams required for HF traders?
Can't find much information on this. What I do find is contradicting.
Are traders in HF required to take any FINRA Series exams or is it for managers only?
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"Because hedge funds are not sold to the general public or retail investors," HF's take investment from accredited individuals, therefore exempt from registration...in general. yes, i know some nerd will come on here stating an exception.
"In the United States, for an individual to be considered an accredited investor, he or she must have a net worth of at least one million US dollars, not including the value of one's primary residence or have income at least $200,000 each year for the last two years (or $300,000 together with his or her spouse if married) and have the expectation to make the same amount this year."1 This rule came into effect in 1933 by way of the Securities Act of 1933."
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