You may take either exam first but must complete both satisfactorily. * All In-person classes are located in New York City. This course has live North American Securities Administrators Association. Should I expect to use the full time allotted on the Series 66 Exam? However, a person taking the Series 66 must also take and pass the Series 7 (General Securities Registered Representative) … He was oustanding in every way, from crafting a strategic study to explaining the difficult concepts to talking me off the ledge just before my exam. Employing FINRA-member firms will submit Form U4 and pay the examination fee on behalf of Series 66 Exam applicants through the Central Registration Depository (CRD). It consists of 130 multiple-choice questions, with a three-hour testing time. The exam consists of 100 scored questions. The examination (also called the “Series 66”) is designed to qualify candidates as both securities agents and investment adviser representatives. You should attend the live class, watch the online lectures or receive private instruction one to two weeks prior to the examination. Series 66 Textbook (Physical & Electronic Versions), 14+ hrs of Series 66 Video Lectures (15 Lessons), Mobile App for offline training (iPhone & iPad). You are not required to have a sponsor to take the Series 66 Exam. No photocopies or faxes of identification or of name change documentation will be accepted. Need Help? on December 2. To schedule a candidate for examination, a firm should file an electronic Form U4 or an individual should open an enrollment window via FINRA.org and pay the fee. Though it is not required to read textbook before coming to class, doing so will make the class more beneficial and worthwhile. Contact FINRA at 301-590-6500. NASAA will update this website when it has completed its review, made any necessary changes, and has a planned switch over date. You guys are great, thank you!". I personally found the lectures and resources to be extremelty helpful. in Finance - Financial Planning, and M.S. The Uniform Combined State Law Examination also called the Series 66 exam is designed to qualify candidates as both securities agents and investment adviser representatives in the United States. The exam consists of 100 scored questions. The examination is conducted as a closed-book test. The next class begins As of December 2018, the North American Securities Administrators Association (NASAA), which creates the Series 66 exam, had updated its questions due to recent changes in the tax code. Us? No study or reference materials of any kind are permitted in the examination room, and there are harsh penalties for anyone caught cheating or attempting to cheat. NASAA believes that the Uniform Combined State Law Examination will significantly benefit the industry and state regulators alike by such uniformity. Number of Questions: 100 scored questions (plus 10 ungraded experimental questions).Exam Structure: 1 session covering all topics. Bachelor’s degree with a 2.5 minimum GPA required, Online Master of Science in Finance (MSF), How To Become a Certified Financial Planner, Regulatory Bodies & Organizations (FINRA), Associate’s Degrees in Financial Planning, Stockbroker / Securities / Commodities Sales, Economic Factors and Business Information, Client Investment Recommendations and Strategies, Laws, Regulations, and Guidelines, including Prohibition on Unethical Business Practices, Capital structure and priority of liquidation, Methods for valuing fixed income securities (3 questions), Types and characteristics of derivative securities (3 questions), Costs, benefits, and risks of derivative securities, Annuities (fixed, variable, and equity-indexed), Portfolio management styles and strategies (5 questions), Tactical asset allocation (for example, market timing), Investing for income versus capital appreciation, Portfolio management techniques (5 questions), Capital goal within specified time period, Corporate, estate, and trust income tax fundamentals, ERISA (Employee Retirement Income Security Act) issues (1 question), NYSE, AMEX, CBOE, regional, international, Role of broker-dealers, specialists, market-makers, State and Federal Securities Acts and related rules and regulations (30 questions), Regulation of state and federal Investment Advisers, Investment Adviser Representative (IAR) Regulation, Definitions of professional titles, duties, and roles, Registration and post-registration requirements, Definitions professional titles, duties, and roles, State authority concerning federally covered securities, Ethical practices and fiduciary obligations (20 questions), Communications with clients and prospective clients, Compensation of securities agents and firms, Soft dollars (money paid by mutual funds or other money managers to their service providers), Suitability of investment recommendations, Conflicts of interest and other issues concerning fiduciary responsibility, Sharing in the profits and losses of a customer account, Selling away (offering of securities that are not available from the representative’s firm).