What does a Series 66 allow you to do?

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.

How difficult is the Series 66 exam?

Taking is the Series 66 exam is stressful, even if you are a good test taker. Each candidate will have two and one half hours to complete the exam. A score of 75% or higher is required to pass.

Does Series 66 expire?

The Series 66 license does not have an expiration date. If you get your Series 66 license without a sponsor by registering through FINRA’s Test Enrollment Services System (TESS), you have two years to find a job at a firm, company, or organization that will sponsor your license.

Do you need sponsorship for Series 66?

Can I Take The Series 66 Exam Without A Sponsor? While you can take the Series 66 exam without sponsorship from a FINRA member firm, the co-requisite Series 7 license requires member sponsorship.

Is Series 66 harder than 7?

Overall, these exams are definitely doable if you can get through the Series 7 Top-Off exam. The Series 63 pass rate, and Series 66 pass rates are not officially published. Nevertheless, from our experience, the Series 7 Top-Off difficulty level is much higher for most students.

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 65 or 66 easier?

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.

Is there math on the Series 66?

While the hardest Series 66 topics include some math, many others involve memory work.

Can you start an RIA with a Series 66?

Passing the Series 7 exam alone will not qualify you to become an advisor working for an RIA. The active Series 7 and 66 combination is generally recognized as an acceptable alternative to the Series 65.

How do I get Series 66 without a sponsor?

Unlike many FINRA Series exams, the Series 66 exam does not require an individual to be sponsored by a member firm. If you are not Form U4 registered or affiliated with a firm through FINRA’s Web CRD system, you should use the Form U10 to request and pay for the Series 66 exam.

How much does it cost to take the 66?

What do the exams cost? The exam fees are: $147 for the Series 63; $187 for the Series 65; and $177 for the Series 66.

Which series exam should I take first?

There are no prerequisites for the Series 63 exam, however, in order to take the Series 66, the individual must first pass the Series 7. These exams help ensure financial advisors have a firm grasp of the financial industry’s laws and best practices.

What do you need to know about Series 66?

How long is the NASAA Series 66 exam?

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. Candidates have 150 minutes to complete the exam.

Is the series 66 exam administered by FINRA?

What happens if you cheat on the series 66 exam?

Harsh penalties are imposed on anyone caught cheating or attempting to cheat on the Series 66 exam. No study or reference materials of any kind are permitted in the examination room, and there are harsh penalties for anyone caught cheating or attempting to cheat.