You are allowed 6 hours, broken down into 2 parts 3 hours each, for completion. We also host a global network of friendly contact centers, staffed with multilingual specialists trained to support each test takers unique need. The series 9 exam is a principal level finra exam that qualifies individuals to supervise sales activity in options. Prometric has announced that it will close its test centers in the united states and canada for a period of 30 days, starting today on march 17, due to the covid19 disease. As efforts to control the covid19 outbreak carry on, we will continue to monitor the. If your exam was cancelled, you can schedule new exam appointments with seat availability starting april 1, 2020. The exam consists of 5 multiplechoice questions although only 125 of them count toward your score. A passing grade of 72% or better on the series 7 exam, administered through prometric testing centers. The timer of the exam will not stop once the exam starts. Finra exam contingency resource center knopman marks. Also, finra plans to roll out remoteonline testing for certain exams sie, series 6, series 7, series 63, and series 66 some time in the near future and plans to provide an update on may 1st.
The financial industry regulatory authority finra administers the series 7 examination. Series 7 exam questions, pass finra series 7 exam, series. However, to register as an investment adviser representative based on the series 66, an individual must also have passed the finra series 7 exam and the exam must be valid i. The securities and exchange commission requires that individuals who want to enter the securities industry to sell any type of securities must take and pass the series 7 examination to qualify as a general securities representative. We expect to launch the service on a limited basis in the near future, starting with the sie, series 6, series 7, series 63, and series 66 with increasing capacity and exam offerings over the next four to six weeks. Finra series 6 securities licensing exam prep nrs fire. The exam is closedbook reference materials are not permitted. Online test scheduling allows test takers to search for the exam they want to take, locate a test center near them, select a time and date to test and book the exam, all from the prometric website.
The series 7 exam, also referred to as the general securities representative qualification examination, will assess the competency of an entrylevel representative to perform his or her job as a general securities representative and is administered by the financial industry regulatory authority. A lot goes into properly preparing for these types of exams, and i wanted to share my experience and process. The series 7 exam is a computerized, closed book in other words, no book, threehour and 45minute exam. The series 7 exam is administered at prometric testing centers in the u. Series 7 exam overview general securities representative. Finra series 7 securities licensing exam prep nrs fire. A general overview of finras series 6, 7, 63, 65 and 66. Finra is closed due to the virus, they said in an automated message that if your test is canceled they will be in contact in the coming days. After your sponsor submits the form u4 application, finra opens up a 120day window, and you can take the computerbased, multiplechoice exam at a prometric testing center on one of the days in that window. Test time for all finra appointments, an additional 30 minutes is scheduled to allow for the completion of the tutorial presented prior to your session and the postexam survey. Keep in mind that prometric hopes to reopen to finra candidates in eligible states after april 30, but the closures could be extended. If an investor is older, they should typically have a more conservative portfolio. You can currently schedule the exam for a date after april 30 on the prometric website.
Most states require this license for anyone who wants to sell securities within the state. In addition, there are ten questions on the exam that are not scored but used for validation. Passing the series 66, the uniform combined state law examination, qualifies an individual as if he or she had passed both the series 63 and series 65. Aace american association of clinical endocrinologists. Locate a test center in your area that offers appointment times for a specific program. One of the main reasons that i see the series 7 exam difficulty inflate beyond its true measure is typically due to external pressures. Series 63 exam uniform securities agent the series 63 exam uniform securities agent is administered in conjunction with the north american securities administrators association nasaa. You can change or cancel your series 7 test date for free if you contact prometric more than 10 business days before the exam. Those who wish to work as registered securities representatives. Remember to click the finish exam link at the bottom of the page once you. We deliver more than 7 million examinations annually in over 180 countries through our flexible and secure network of test sites.
Schedule your appointment in realtime and receive immediate confirmation. There are usually one or two questions from each section on suitability. Information about aace aace testing information learn more about the tests offered by prometric by visiting the aace web site. Any food manager exam food safety food safety exam food safety portal food safety training listeria assessment. A failed series 7 exam is neither something the employer, nor the test taker prefers. The series 24 exam is a principal level finra exam that qualifies individuals to managesupervise investment banking or general securities activity, including corporate and government securities, direct participation. The series 7 exam representativelevel finra exam qualifies an individual to sell a full range of investment products, including corporate securities, municipal securities, investment companies, variable products, direct participation programs, options and government securities. After i finished the exam, i wanted to share my experience and what to.
Finra series 24 securities licensing exam prep nrs fire. On october 1, 2018, finra restructured the series 7 exam. Series 7 general securities representative gs series 22 dpp representative dr. For more information, visit finras website where you can learn about the series 7 exam and its qualification and registration process. It is your responsibility to ensure that your appointments do not overlap. Do not use the browser back button while doing this test. The pass rate for the exam as of march 31, 2019 was 71%. As such, you may want to schedule the exam for mid to late may. Prometric says it plans on reopening test centers effective april 16.
Prometric is the sole vendor delivering all finraadministered exams. Also, the series 7 exam requires an additional 3060 minute break between parts i and ii. The series 7 exam the general securities representative qualification examination gs assesses the competency of an entrylevel registered representative to perform their job. Series 7 suitability questions also test your ability to understand what is age appropriate for an investor. Testing candidates with cancelled exams will either receive a refund if paid to pearson vue or an extension as determined by your exam sponsor. The series 7 exam the general securities representative qualification examination gs assesses the competency of an entrylevel registered representative to perform their job as a general securities representative. This process makes sure each exam meets certain content specifications and that every series 7 exam has the same difficulty level. However, the candidate must also pass the series 7 exam general securities representative exam. You will probably have to call prometric and find out about your particular testing location and exam. The series 7 exam consists of 125 multiplechoice, computerdelivered questions. The additional time for these activities or the required series 7 break cannot be used toward completing the exam itself. Series 7 general securities representative examination.
Outside of those states, you cannot sell securities without passing the series 63 exam. You can access additional details about this service on finras covid19 page, starting friday may 1st. If you want to schedule exams on different days, you must select each exam individually and complete individual appointment transactions. My recommended prep time for the series 7 exam is 80100 hours. We offer a variety of instruction options and exam prep study tools to best suit your. Upon completion of your exam, your result file is electronically encrypted and returned to finra. Securities series 7 exam prep general securities representative qualification examination. The securities industry essentials sie exam content outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required. In february 2018, i took the series 66 exam at my local prometric test center.
Search for your test program page to schedule, reschedule, confirm, locate, or prepare for your test. If severe weather or a natural disaster makes it difficult or unsafe to travel to the exam. You should take the exam if you have a series 6 license, series 7 license, or both, and do not live or work in colorado, florida, louisiana, maryland, new jersey, ohio, vermont, the district of columbia, and puerto rico. It is possible for you to schedule two different exams on the same day. Series 7 candidates may retrieve items from their locker without consent from the tca during the mandatory break after the 1st half of the exam.
Its corporate headquarters is located in canton baltimore, maryland in the united states. Sie exam series 6 series 7 series 63 series 65 series 66 who do you trust to help you pass your finranasaa exams. The series 66 exam qualifies a candidate to register with states as both securities agent registered representative, and investment adviser ia. In the last two months, i have heard from over a dozen students. The series 7 exam is administered by computer at a prometric testing center. This exam will measure a candidates knowledge needed to perform critical functions, including. Passing the series 66 exam fulfills the requirements for both the series 63 exam and series 65 exam. Finra series 9 securities licensing exam prep nrs fire. It is often said that the perfect score on the series 7 is 70% because that is the score where you studied just enough to pass. Prometric operates a test center network composed of thousands of sites in 160 countries. Each series 7 exam is put together in real time with questions selected randomly from a pool of questions. The series 9 exam is typically taken with the series 10 exam by individuals responsible for general securities sales supervision, including the approval of customer accounts, training of sales and sales supervisory personnel and.
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