Efstathios N Karanikolaidis – Series 63

Efstathios N Karanikolaidis is a professional in the financial industry, working as a Managing Director in the J.P. Morgan Securities Leveraged Finance Group. He holds a Series 63 license, which is described by the North American Securities Administrators as:

“The Uniform Securities Agent State Law Examination was developed by NASAA in cooperation with representatives of the securities industry and industry associations. The examination, called the Series 63 exam, is designed to qualify candidates as securities agents. The examination covers the principles of state securities regulation reflected in the Uniform Securities Act (with the amendments adopted by NASAA and rules prohibiting dishonest and unethical business practices). The examination is intended to provide a basis for state securities administrators to determine an applicant’s knowledge and understanding of state law and regulations.”

As Efstathios N Karanikolaidis knows, a Series 63 license is not a tell all for workplace performance, or as told by NASAA:

“Successful completion of the Uniform Securities Agent Law Examination does not relieve a candidate of the personal responsibility to know and to abide by the specific requirements of the securities laws and regulations of the states in which the candidate transacts business. Furthermore, although successful completion of the examination may satisfy a portion of the requirements of a particular state, it does not convey the right to transact business prior to being granted a license or registration by that state. NASAA believes that the Uniform Securities Agent Law Examination will significantly benefit the industry and state regulators alike by such uniformity. The investing public will be afforded a greater degree of protection through enhanced uniform qualification standards.”

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