If you have a series 6 or a series 7 license, and you want to sell. Series 63 uniform securities agent state law exam, 1 hour and 15 minutes. The questions on the series 66 exam focus on the following areas. Get answers to frequently asked questions about the series 63 exam, who needs to take. Like the series 63, the series 65 exam has experimental questions that will be included in every test there are 10. Economic factors and business information 5 questions. Wheeler passed, respectively the series 63 and series 7 examinations. Series 63 registration of securities, exempt securities. Series 66 uniform combined state law exam, 2 hours and 30 minutes, 100. The series 63 exam uniform securities agent is administered in conjunction with the north american securities administrators association nasaa. This exam is not recognized in all states and must always be taken with another securities agent licensing exam such as series 6 or series 7. In order for a candidate to pass the series 66 exam, heshe must correctly answer at least 73 of the 100 scored questions. People who take the 66 are usually people who already have passed the series 7 exam.
Passing the series 63 exam for registration within a state is a requirement for all registered representatives. The series 65 exam is designed for those who do not have a series 7 license. Morgan stanley exam taker barred for fudging score to keep job. The 66 exam is only for those individuals who are registered for, or completed the series 7 exam. Those who wish to be iars must pass the series 66 and the series 7. Series 66 exam study materials series 66 books and. The iar is the individual who represents the firm and must pass an 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.
This video is taken from our series 63 video lecture. The exams in most states, a new registered representative must at a. It was created by nasaa in response to requests from brokerdealers and other financial services firms. This series 66 is the newest exam offered by nasaa. Breaking down financial securities licenses investopedia. The series 66 exam is a combination of the bluesky license and the investment advisers exam. Both series 65 and 66 will satisfy the series 63 requirement in states that require a 63. Nasaa is in the process of updating questions on the series 63, 65, and 66 exams in light of the recently enacted secure act. The series 63 is just one licensing exam that financial professionals can take. These exams are developed by the north american securities administrators association nasaa. The series 66 is a combination of the series 63 exam and the series 65 exam. Unlike the state insurance licensing exams, the series 63, 65, and 66 exams do not test on statespecific content. A general overview of finras series 6, 7, 63, 65 and 66.
What is the difference between the series 63, 65, and 66 licenses. In essence, it combines the series 63 and 65 exams into one 150. The series 63 exam focuses on ethics and state securities regulations. The sie exam will allow the series 6 exam to focus more on securitiesspecific questions instead of background material, but the sie will have no effect on the content found in the series 63 exam. The series 66 is equivalent to taking both the series 63 and series 65.
This test contains no investment material, as the series 66. A general overview of finras series 6, 7, 63, 65 and 66 exams. 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. The series 66 exam is 100 questions with a time limit of 150 minutes and a passing score of 73%. To take your series 6 exam, you may finish the sie exam first and be sponsored by an accredited securities or insurance sales organization.
The series 6 allows a financial professional to sell mutual funds, variable annuities and insurance, while the. The bottom line passing the series 63 exam for registration within a state is a requirement for all registered representatives. The exam questions range from fiduciary responsibilities to client communication to. This test is designed to qualify individuals as both securities. In essence, it combines the series 63 and 65 exams into one 150minute exam. The series 66 exam is 100 questions with a time limit of 150. The series 63 formally known as the uniform securities agent state law examination consists of 65 questions. Of this number, 60 count toward the candidates score. The series 66 exam the nasaa uniform combined state law examination is a north american securities administrators association nasaa exam administered by finra. Once the prospective registered representative has passed the first core examinationusually the nasd series 6 or series 7at least one more. These are national exams that test on various uniform securities registration standards and laws based on the uniform securities act usa.
Series 66 uniform combined state law equivalent of s. 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 65 and 66 exams can be difficult for people without any investment experience. What is the difference between the series 63, 65, and 66.
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