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Definition: Registered Representative - RR
Registered Representative or RR in short is a person who works for the brokerage company, which is licensed by the SEC i.e., the Securities and Exchange Commission and will act as an account executive to the clients trading investment products which are bonds, mutual funds and stocks,.
That person is also known as an "account executive"
For becoming licensed as a Registered Representative for acting as an agent in the selling and buying of securities, a person has to pass the Series 63 and Series 7 securities exams, and should be registered with the member of the FINRA (Financial Industry Regulatory Authority) or SRO (a self-regulatory organization).
The Registered representative needs to have cleared the required exams and be part of the bodies as mentioned above.
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