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. … At this time candidates should answer exam questions reflecting the state of the law as of December 21, 2020.
What does the Series 66 consist of?
The Series 66 examination contents include
100 multiple-choice questions that are scored and 10 pretest questions that are not scored
. Candidates have a maximum time of 150 minutes to complete the examination. To obtain a passing score, a candidate must correctly answer 73 of the 100 questions that are scored.
Is Series 66 harder than 7?
While the hardest questions from the Series 66 overlaps with the
Series 63's
hardest questions, the Series 66 contains even more content that makes it a challenge. There is a lot of content that overlaps with the Series 7, for instance. … These topics, and more, lead to a fairly challenging exam.
Who needs a Series 66?
It is required for
individuals acting as or soliciting for the service of investment advisors or soliciting the purchase or sale of securities within a state
. Getting the Series 66 license fulfills the requirements of both the Series 63 and Series 65 licenses.
What is a Series 7 and 66?
The Series 66 exam
allows individuals who have already passed the Series 7 exam to register as investment advisers
. While the Series 7 allows individuals to sell securities to their clients, the Series 66 license allows them to act as wealth or asset managers with fiduciary responsibility over their client's funds.
Should I take Series 7 or 66 first?
Should I take the series 7 or 66 exam first? While you may take either exam first,
we strongly recommend that you start with this Series 7 Exam
. The Series 7 Exam is a much bigger test and will require significantly more study time.
Is Series 7 or 66 easier?
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
.
How do I prepare for Series 66?
It is recommended that the individual spend
at least 40 to 50 hours preparing
for the exam by reading the textbook, underlining key points, and answering as many practice questions as possible. We recommend that a student schedule their exam no more than one week after finishing their Series 66 exam prep.
What happens if you fail Series 66?
As with any securities exam, if you fail the Series 66 on your first attempt,
you are allowed two more retakes, waiting 30 days between exam dates
. If you fail on the third attempt, you can retake the exam after a 180-day waiting period.
How long is Series 66 Good For?
Necessity of Employment in an Investment Firm
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.
Can you take series 66 without a sponsor?
Do I need to have a sponsor before I take the Series 63, 65, or 66? No.
Unsponsored candidates who are not Form U4 registered
or currently affiliated with a firm through FINRA's Web CRD system should open an exam enrollment window via FINRA.org request and pay for the S63, S65, or S66 exams.
Is Series 65 or 66 Harder?
Is It Harder to Pass the Series 65 or Series 66 Exams? While the pass/fail rate for these exams is not publicly available, many consider
the Series 66 exam more difficult than the Series 65
because it is longer. The Series 65 contains 130 questions and the Series 66 has only 100.
How much does Series 7 cost?
| Duration Cost | Series 6 – Investment Company and Variable Contracts Products Representative Exam 1 hour and 30 minutes $40 | Series 7 – General Securities Representative Exam 3 hours and 45 minutes $245 | Series 22 – Direct Participation Programs Limited Representative Exam 1 hour and 30 minutes $40 |
|---|
Can I get my Series 7 without a sponsor?
SIE and Series 63 exams do not require any sponsoring program
. Series 7, 79, and 82 require a FINRA exam sponsorship before you can take the test. … You may sit for the exams in place of series 7 on general securities.
Is Series 7 harder than Sie?
The Series 7 Goes Deeper
The Series 7 exam
is essentially a much more difficult SIE exam
. It has 125 questions (plus 10 extra that don't count toward your score) vs 75 for the SIE exam. A key difference in the SIE vs Series 7 is that the content goes much deeper for the Series 7.
What is the hardest series exam?
The Series 7 exam
is by far the longest and most difficult of all the securities exams.
