No. Just passing the Series 65 exam is only one of the steps in becoming registered as an Investment Adviser Representative. Each state has its own requirements and they all must be met before you can solicit. The test center will give you a copy of your scores. Your record of passing the exam […]
No. At the present time there are no continuing education requirements for those who have passed the Series 65 exam.
Go to our Links page and click on “domestic and international test sites”. That will take you to FINRA’s link showing all Pearson-Vue and Prometric testing centers. There will be an 800 number that you can call to make your appointment and it will show you the address of the nearest center to you.
Do I […]
No. Other than the print out of your scores that you are given at the exam site, there is no other notification or certificate.
When you take an exam, your score is permanently recorded in the Central Registration Depository (CRD) maintained by NASD. Employers and regulators have access to the records
Once I pay the application fee, […]
Usually every year NASAA reviews the data bank and creates new and revised questions based on changes in law, etc. The questions are then entered into the database on a trial basis. The Series 65 has ten extra questions added to your exam but they do not count towards the final score. NASAA is […]
No. There are no citizenship limitations on taking the Series 65 exam.
If I’m not a U.S. citizen and don’t have a U.S. social security number how do I sign up for the Series 65 exam?
By using form U-10, and you don’t have a social security number, FINRA will assign an ID number to you […]
89 of the 130 questions on the exam must be answered correctly. This works out to 68.5% The test can include an extra 10 questions that are “sample” questions that NASAA includes for their own research – but they don’t count against you if you miss them.
Can I get old copies of the test questions?
Series […]
The 3 hour, 130 questions exam covers:
economic analysis (20 questions)
investment recommendations and strategies (39) questions
investment vehicles (26 questions)
ethical and legal guidelines (45 questions)
Is there a cost to taking the Series 65 exam?
The test application for the Series 65 exam is $120.00
Do I need a sponsor in order to sit for the 65 exam?
[…]
If you’re with a firm, the compliance officer files a U-4 form with FINRA. If you’re an individual you complete a form U-10 and send it to FINRA with the appropriate fee. You can also file the U-10 form online. Refer to our Links page.
Note that NASAA creates all the test questions, but they […]
The Series 24 Exam (General Securities Registered Principal) is 3 1/2 hours long and has 150 test questions. 70% of the total is passing. The fee for sitting for the Series 24 exam is $95.00 and application for U-4 is used.
The Series 24 exam is required by FINRA for any person who manages or supervises […]
The Series 22 exam is designed for people who wish to work with limited partnerships only, often referred to as direct participation programs (”DPPs”) or tax shelters.
There is no prerequisite to taking the exam, there is a $75.00 test fee using application form U-10 supplied by your sponsor) and there is a 2 ¼ hour […]
The “Series 11 Assistant Representative -Order Processing” category of NASD registration applies to persons associated with an NASD member firm who accept telephone or other communications from the public for the purposes of providing current securities quotations and accepting unsolicited customer orders for submission to the normal order execution operations of the member.
A […]
A CERTIFIED FINANCIAL PLANNER™ Professional helps individuals determine whether and how they can meet their life goals through the management of financial resources. To do this a CERTIFIED FINANCIAL PLANNER™ Professional analyzes where the individual is financially, where they want to go, and how do they get there.
In most cases a CERTIFIED FINANCIAL […]
Stockbroker, financial consultant, financial advisor, securities broker — these are all general terms used by individuals and brokerage firms alike, to refer to a regulatory term of “registered representative” — or shortened to “registered rep”. A registered rep is an agent of a broker/dealer who is paid commissions on the trades placed through the […]
To become a Futures Introducing Broker you:
Set up a clearing arrangement with a Futures Commission Merchant (“FCM”)
Pass the Series 3 exam
Join the NFA as an Introducing Broker
The NFA requires an IB to have a net worth of $45,000.00. If the proposed IB doesn’t have the capital necessary, it may establish a “Guaranteed Introducing Broker” […]
A Registered Investment Adviser (”RIA”) is an entity who, for compensation (in any form), engages in the business of advising others, either directly or indirectly, of the value of securities or of the advisability of investing in securities. They receive a management fees and do not receive commissions (”RIAs receive fees, stockbrokers receive commissions”). […]