What are the different types of series exams?
FINRA Representative-level Exams
| Duration | Questions | |
|---|---|---|
| Series 6 – Investment Company and Variable Contracts Products Representative Exam | 1 hour and 30 minutes | 50 |
| Series 7 – General Securities Representative Exam | 3 hours and 45 minutes | 125 |
| Series 22 – Direct Participation Programs Limited Representative Exam | 1 hour and 30 minutes | 50 |
What is a Series 7 and 63 license?
Description. A Series 7 license allows financial agents or representatives to sell securities. A Series 63 license allows these professionals to sell securities in a specific state. All financial professionals interested in selling securities are required to pass the Series 7 exam.
What is Series 3 exam?
The Series 3 exam—the National Commodities Futures Examination—is a National Futures Association (NFA) exam administered by FINRA. The exam consists of 120 scored questions. Candidates have two hours and 30 minutes to complete the exam, which consists of two parts.
What is a Series 24 exam?
The Series 24 exam is the General Securities Principal Qualification Examination. Candidates are responsible for planning their course of study in preparation for the exam. PURPOSE OF THE EXAM. The Series 24 exam is designed to assess the competency of entry-level General Securities Principals.
What is Series 7 needed for?
The Series 7 license or general securities representative (GS) license allows the holder to sell almost all individual securities, including common and preferred stocks, call and put options, bonds, and other fixed income. Excluded from the list: commodities futures, real estate, and life insurance.
What is on the Series 6 exam?
The Series 6 is a license sought by professionals in the financial services industry. The Financial Industry Regulatory Authority (FINRA) administers the Series 6 exam. It covers topics such as mutual funds, variable annuities, securities, tax regulations, retirement plans, and insurance products.
Do you need a Series 7 to get a Series 24?
In order to be eligible for a principal registration, a candidate must pass the Series 24 exam, the securities industry essentials (SIE) exam, and one of the following five representative-level qualification exams: Series 7, 57, 79, 82, or 86/87.
Who needs a Series 7?
Individuals who want to enter the securities industry to sell any type of securities must take the Series 7 examination—formally known as the General Securities Representative Examination.
What is the pass rate for the series 6 exam?
For the Series 6 test, the passing score is 70%. This passing score replicates the competency needed to hold the designated registration. All applicant exam scores have been placed on a shared scale using a statistical adjustment procedure known as equating.
What is the series 65 exam?
Jump to navigation Jump to search. Uniform Investment Adviser Law Examination, also called the Series 65 exam, is a test taken by individuals in the United States who seek to become licensed investment adviser representatives. The exam covers topics necessary to provide investment advice to clients.
How difficult is the series 7 exam?
How difficult is the Series 7 exam? Like all exams, the test becomes easier the more you do to prepare for it. The general consensus is that the Series 7 is less comprehensive, and therefore slightly easier to pass, than the CFA exams, but only 65% successfully make it through the Series 7 on their first time, so the pressure is on.
What is series 6 test questions?
The Series 6 Exam consists of 100 multiple-choice questions that cover four main functions. These functions are as follows: Regulatory fundamentals and business development; Evaluate customers’ financial information, identify investment objectives, provide information on investment products,…