A general overview of finras series 6, 7, 63, 65 and 66. The series 66 is equivalent to taking both the series 63 and series 65. The good news is series 66 is shorter than series 65 since the latter. The finra sie and series 7 exams are corequisites that must be successfully completed in addition to the series 66 exam before a candidate can apply to register with a state as both a brokerdealer agent and investment adviser representative. To pass the exam, the candidate must answer 89 of the questions. Keep in mind that while the series 66 has fewer questions than the. Keep in mind that while the series 66 has fewer questions than the series 65 the passing score is slightly higher. Breaking down financial securities licenses investopedia.
When a person is preparing to enter the world of investment professionals, he or she must takeand passqualification examinations. If you have passed the series 7 exam and have not taken the series 63 exam, the series 66 may be the right exam to take. The series 66 is a combination exam that may be taken as an alternative to both the series 63 and series 65. If an individual does not already have a series 7 and wishes to be an iar, the series 65 is nasaas competency exam. The series 66 is essentially a combination of series 63 and series 65 exams that excludes the product, analysis and strategy questions. Series 66 exam nasaa uniform combined state law exam. If you have a series 6 or a series 7 license, and you want to sell. Passing the series 66 exam qualifies a candidate to register as an investment adviser representative and as a securities agent. Instead, some new topic areas were added, while others were modified or.
These sections are excluded because they are tested as part of the series 7, which is a prerequisite for taking the series 66. Differences between the series 65 and the series 66 hedge fund. The 66 exam is only for those individuals who are registered for, or completed the series 7 exam. To pass the exam, the candidate must answer 89 of the questions correctly. It is my impression that you must take series 66 since you do.
Like the series 63, the series 65 exam has experimental questions that will be included in every test there are 10. The series 66 exam is 100 questions with a time limit of 150. The series 65 exam is administered at prometric testing centers in the u. The series 65 exam is designed for those who do not have a series 7 license. Securities industry professionals seeking to transact securities business make an offer or sell securities with. What is the difference between the series 63, 65, and 66.
So you want to know the truth about finra exams, in this video i cover finra exams such as the series 7, series 63, series 65, series 66, etc. Those who wish to be iars must pass the series 66 and the series 7. The truth about finra exams series 7, series 63, series 65, series. The series 66 is a combination of the series 63 exam and the series 65 exam. To take the series 7 exam, a candidate must be sponsored by a finra member firm, which will file the uniform application for securities industry registration or. The series 65 is for people who do not hold a series 7. Whether you want to be a registered representative rr or an. What is the difference between the series 63, 65, and 66 licenses. Most securities exams administered by both finra and the nasaa have a passing score of 70%, except for the series 7, 63, and 65, which have passing scores of 72 %, and series 66, which has a.
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