What are Series 9 10 licenses?
The General Securities Sales Supervisor Exams (Series 9 and 10) are limited principal exams. They qualify an individual to supervise sales activities of a broker-dealer.
What is a Series 9 license?
The FINRA Series 9 license, known as the General Securities Sales Supervisor—Options License, is one of two licenses that you must hold if you want to oversee sales activities at a broker-dealer firm.
How hard is the Series 9 and 10?
Taking is the Series 9 exam is stressful, even if you are a good test taker. A score of 70% or higher is required to pass on both the Series 9 and Series 10 exam to become fully registered as a General Securities Sales Supervisor. The Series 9 is as much a knowledge test as it is a reading test.
Do you need to be sponsored to take the Series 9 and 10?
Candidates must be sponsored by a FINRA member firm and must first pass both the SIE and Series 7 exams to sit for the Series 9/10.
What is the Series 10 pass rate?
70%
For the Series 9 exam, the passing score is 70% and for the Series 10 exam, the passing score is 70%.
How long is the Series 10 test?
four hours
This Series 9 and 10 have a total of two hundred multiple-choice questions with five and a half hours to complete. The Series 9 has fifty-five questions on regulations of options, which takes one and a half hours to test, and the Series 10 has 145 questions, which take four hours to complete.
What is the pass rate for Series 65?
While Kaplan does not offer a money-back guarantee, it publishes a Series 65 pass rate of 88%, which should give students confidence in their study materials.
What is the Series 63 pass rate?
98.36%
The Series 63 pass rate was 98.36%, and the Series 66—one of the most difficult exams—had a pass rate of 88.46%. The firm’s overall pass rate across all exams was 99%.
Which finra exam is the hardest?
The Series 7 exam
The Series 7 exam is by far the longest and most difficult of all the securities exams.
What is harder the Series 65 or 66?
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.
Do people fail the Series 63?
Because the Series 63 is a state exam, questions on the exam vary, and statistics are hard to capture. Therefore, no official pass or fail rate has been recorded. In 2014, the Wall Street Journal did a survey of 370,000 brokers and found that 86 percent passed on their first try.
What is a series 9 / 10 securities license?
What is a ‘Series 9/10’. Series 9/10 refers to a two-part securities exam and license entitling the holder to supervise sales activities at a general securities-oriented branch office.
Is the series 9 / 10 exam administered by FINRA?
The Series 9/10 exams are administered by the Financial Industry Regulatory Authority (FINRA) and was formerly known as the Series 8 Exam. As the name would suggest, the exam is broken into two parts; the Series 9 is the shorter and covers options sales and trading, as well as regulation and administration.
Do you need a series 7 license to take series 9 / 10?
Before taking the Series 9/10 Exams, also known as the General Securities Sales Supervisor Qualification Exams, a candidate must have a Series 7 license. 1 The Series 9/10 covers topics such as the supervision of options and general securities sales and trading practices in primary and secondary markets.
Which is the best FINRA license to get?
Best FINRA Licenses. 1 #1 Series 6 License. The Series 6 certification signifies that you’re qualified to work in life insurance sales, mutual funds, and annuities. In order 2 #2 Series 7 License. 3 #3 Series 65 License. 4 #4 Series 57 License. 5 #5 Series 24 License.