The Series 66 is an exam and license that is meant to qualify individuals as investment advisor representatives or securities agents. The Series 66, also known as the Uniform Combined State Law Examination, covers topics relevant to providing investment advice and effecting securities transactions for clients.

Is Series 66 still active?

The Series 66 exam has a similar requirement. A complication of the Series 7 and 66 licenses is that you can only maintain them in good standing for two years once you’ve left an investment firm.

Do you need a Series 66 if you have a Series 7?

In order to take the Series 66 exam, you must be a Series 7 license holder, or be taking the Series 7 license exam concurrently with the Series 66 license exam. (If you are earning your Series 7, you will also have to pass the new SIE exam.)

What is the Series 66 passing score?

72%
The passing scores is 72%, and candidates must answer 94 questions correctly to pass. The Series 66 exam is comprised of 100 scored and 10 unscored experimental questions. The time limit for the exam is 150 minutes – 2 ½ hours.

How many times can you fail the Series 66?

A candidate who fails the exam must wait at least 30 days before taking it again. The same rule applies to someone who has failed a second time and who wishes to take it a third time. After a third failure, a candidate must wait at least 180 days before taking the exam again.

How hard is Series 7 and 66?

The Series 66 exam contains topics covered in the Series 63 and Series 65 exams without duplication of the Series 7. Generally, for those persons with the Series 7 license, the Series 66 exam is easier to pass than the Series 65. 65 is easier, much less material.

Is the Series 66 test hard?

Overall, the Series 66 difficulty level is a step up from the SIE Exam difficulty, but it can be easily accomplished with a disciplined approach. Take your time, but more importantly, put the time in. Series 66 endurance is often more important intellect. Keep focused and in a routine and you’ll do great!

Is the series 66 exam administered by FINRA?

The Series 66 exam — the NASAA Uniform Combined State Law Examination — is a North American Securities Administrators Association (NASAA) exam administered by FINRA. The exam consists of 100 scored questions.

Do you have to pass the SIE to get a FINRA license?

To earn your Series 6, 7, 22, 57, 79, 82, and 99 license, you’ll need to pass the SIE exam and take the FINRA “top-off” exam for each license type. FINRA says that the exams are “corequisites,” but that does not mean you have to take both at the same time.

Which is the most common FINRA securities license?

The Series 7 license, also known as the general securities representative (GS) license has the broadest reach, allowing holders to sell almost all types of securities. Other commonly-held licenses administered by FINRA include Series 6 and Series 3.

Where can I find the FINRA qualification exams?

Registration Systems Classic CRD Financial Professional Gateway (FinPro) Financial Industry Networking Directory (FIND) Qualification Exams OverviewRulesNoticesGuidanceNews ReleasesInvestor Education COVID-19 Guidance on FINRA-Administered Exams Please see the complete messageincluding information about online test delivery. 1. Enroll for an Exam