Specifically, a Series 6 registered individual cannot transact in corporate securities, direct participation programs, municipal securities, or option products. These individuals have more restrictions than Series 7 registered representatives. The General Securities Registered Representative License, required to sell all types of securities products except commodity futures . The Uniform Securities Agent State Law License required by some states to be a stockbroker. A single bond issue offered to the public on multiple dates.
All interest is paid at maturity and is exempt from state and local taxes .
Series HH bond . A mutual fund whose prospectus allows for multiple portfolios . A Savings Bond purchased only by trading in Series EE bonds at maturity . It may be redeemed after only six months, and its interest is exempt from state and local taxes . A contract offered by a retailer for maintaining and repairing a product beyond its manufacturer's warranty coverage.