2010 Passing Score Change for Series 66 Exam

“Effective January 1, 2010 the passing score for the Series 66 exam is 75%.  The number of questions hasn’t changed but the weighting has!  Here’s an approximate breakdown:
 
Analysis/Management   20
Investment Vehicles   15
Retirement/Savings Plans 15
Federal Laws    20
Uniform Securities Act     30

This is a big change from the former allocation.  Regulations effectively decreased from 80 to 50 questions with the new emphasis on investment plans and analysis.

“Effective January 1, 2010 the passing score for the Series 65 exam is 72%.  The weighting of test questions on the exam has changed slightly to 19 questions on Economic/Business, 40 questions on Recommendations/Strategies, 31 questions of Investment Vehicles, and 40 questions on Rules.” and another comment is:    ”Effective January 1, 2010 the passing score for the Series 66 exam is 75%.  The number of questions hasn’t changed but the weighting has!  Here’s an approximate breakdown: 

Analysis/Management 20 
Investment Vehicles 15 
Retirement/Savings Plans 15
Federal Laws   20 
Uniform Securities Act 30

This is a big change from the former allocation.  Regulations effectively decreased from 80 to 50 questions with the new emphasis on investment plans and analysis.

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2010 Changes in Passing Score for Series 65 Exam

“Effective January 1, 2010 the passing score for the Series 65 exam is 72%.  The weighting of test questions on the exam has changed slightly to 19 questions on Economic/Business, 40 questions on Recommendations/Strategies, 31 questions of Investment Vehicles, and 40 questions on Rules.”
and another comment is:
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If I work in a state that doesn’t register representatives of investment advisers can the company I want to join make me take the Series 65 exam?

  Yes. The company can be more restrictive than state or federal rules if it chooses.

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Do I need the Series 65 exam if I’m just getting referral fees from an investment adviser for clients that I soliciting?

  Many states require agents, solicitors, and those receiving referral fees to pass the 65 and register with the appropriate state administrators. It’s best to contact the state regulator where you reside and solicit to know the current rules.

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If I change employment to another investment adviser, do I have to do anything special?

  Generally, the firm you are leaving will file a form U-5 ending your employment and registration. The firm you join will file a form U-4 reregistering you. As long as you haven’t gone more than 2 years between jobs the transfer is usually smooth. There may be application fees to reregister with the new firm.

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