What does Series 99 allow you to do?
The Series 99 exam is designed to assess the competency of entry-level Operations Professionals. The Series 99 exam seeks to measure the degree to which each candidate possesses the knowledge, skills and abilities needed to perform the critical functions of an Operations Professional.
How difficult is the Series 99 exam?
You need a 68% score or higher to pass the Series 99 exam. The exam is 50 questions and you have 90 minutes to complete the test. It’s broken down into two parts: Knowledge Associated with the Securities Industry and Broker-Dealer Operations: This makes up 70% of the exam with 35 questions.
What happens if FINRA exam window expires?
If you miss your scheduled appointment, for any reason, the cost of the test will not be refunded or applied to another appointment. Additionally, if your enrollment expires, FINRA will require your firm to submit a new request, along with applicable fees.
What is an S99?
Medically Needy SSI Related Medical With Spenddown (S99)
How long is a Series 99 Good For?
2 years
Co-Requisite Exam Expiration Date Chart
| SIE Co-Requisite Representative Exams | Expires After | |
|---|---|---|
| Series 79 Top-Off | Investment Banking Representative Exam | 2 years |
| Series 82 Top-Off | Private Securities Representative Exam | 2 years |
| Series 86 and 87 Top-Offs | Research Analyst Exam | 2 years |
| Series 99 Top-Off | Operations Professional | 2 years |
How long should I study for Series 99?
It is recommended that the individual spend at least 50 to 60 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 99 preparation.
Can you take Series 7 without a sponsor?
FINRA and Broker-Dealer Exams 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.
How much does it cost to take series 99?
The testing fee for the Series 99 exam is $125. The topic questions on the exam are: twenty questions on securities, fifteen questions on markets and financial responsibility, forty-five questions on customer accounts, and twenty on professional conduct.
Can I keep my Series 7 without a sponsor?
Yes, although the more natural progression is to take the SIE exam first, mainly because you don’t have to be sponsored to take it. The SIE and Series 7 top-off exams are “co-requisites,” which means you can take and pass them in any order. Of course, you have to pass both to earn your Series 7 license.
Is there math on the Series 7?
The exam is approximately 30% math (e.g. options, margin and convertible bonds). Other candidates “fear” the math – that’s okay too. Candidates who are stronger on the qualitative concepts and regulations and count on many of those questions on the exam.
Do you need to pass Sie for series 99?
The SIE exam is a corequisite to the Series 99 exam. Candidates must pass both the Series 99 exam and the SIE exam to obtain the Operations Professional registration. For more information on the registration process, see Register a New Candidate.
Is there a fee for the series 99 exam?
No. You will not be charged a fee for requesting the Operations Professional (Series 99) registration if you use an eligible registration to register as an Operations Professional. 3. If I am registered as an Operations Professional, will I be subject to the Continuing Education Firm Element?
How to register for the FINRA series 99 exam?
Candidates must pass the Securities Industry Essentials (SIE) exam and the Series 99 exam to obtain the Operations Professional registration. For more information about the SIE and Series 99 exams, refer to FINRA Rule 1210 and FINRA Rule 1220 (b) (3). 1. Enroll for an Exam 2. Schedule an Exam 3. On the Day of Your Exam
Can you become an operations professional without taking the series 99 exam?
If you hold any of the following registration categories (each an “eligible registration”) or have held one within the two years immediately prior to registering as an Operations Professional, you are permitted to qualify as an Operations Professional without taking the Series 99 examination: