Pass Securities Exams FAQ
Securities Industry Essentials (SIE)
How many questions are on the Securities Industry Essentials (SIE)?
85. Format: multiple-choice, computer-based. Source: current FINRA SIE Content Outline (weightings verified 2026; re-confirm edition each build).
How long is the Securities Industry Essentials (SIE)?
1 hour 45 minutes. Source: current FINRA SIE Content Outline (weightings verified 2026; re-confirm edition each build).
What do you need to pass the Securities Industry Essentials (SIE)?
70 on a 0-100 scaled score over 75 scored items (+10 unscored pretest = 85 administered). Source: current FINRA SIE Content Outline (weightings verified 2026; re-confirm edition each build).
Who runs the Securities Industry Essentials (SIE)?
FINRA (Financial Industry Regulatory Authority). This site is independent study material and is not affiliated with the exam owner.
What topics does the Securities Industry Essentials (SIE) cover?
This course's blueprint has 4 areas: Knowledge of Capital Markets (16%), Understanding Products & Their Risks (44%), Trading, Customer Accounts & Prohibited Activities (31%) and Overview of the Regulatory Framework (9%).
Which Securities Industry Essentials (SIE) concepts does this course emphasize most?
What is the key difference between a broker-dealer and an investment adviser?, How do the SEC and SROs fit together in securities regulation?, What is an IPO and how does the underwriting process work?, What did the Securities Act of 1933 require, and what is a prospectus?, What does owning common stock mean, and what rights does it give you?, What is preferred stock and what makes it different from common?, How do common and preferred stock differ — voting, dividends, and liquidation priority? and What is the difference between rights and warrants?, plus 35 more listed in the study guide.
What official materials should I read for the Securities Industry Essentials (SIE)?
FINRA SIE Content Outline, FINRA SIE Content Outline §1.A, FINRA SIE Content Outline §1.B, FINRA SIE Content Outline §1.C and FINRA SIE Content Outline §1.D.
What can I study free for the Securities Industry Essentials (SIE)?
Market Structure & Participants, New Issues & Economic Factors and Equity Securities — the first 3 modules of 12 — with lessons, cards and the module quiz, no payment details needed.
How much is the full Securities Industry Essentials (SIE) course?
$49 once for all 12 modules, 84 practice questions and 2 practice forms. No subscription.
FINRA Series 7
How many questions are on the FINRA Series 7?
125. Format: 125 scored multiple-choice items (4 answer choices each) + 5 unscored pretest items = 130 total administered. Source: 2025-10 Content Outline edition (5 unscored pretest items effective Oct 27, 2025 — pre-Oct-2025 editions administered 10 unscored / 135 total).
How long is the FINRA Series 7?
225 minutes (3 hours 45 minutes). Source: 2025-10 Content Outline edition (5 unscored pretest items effective Oct 27, 2025 — pre-Oct-2025 editions administered 10 unscored / 135 total).
What do you need to pass the FINRA Series 7?
72 (0-100 scaled, equated score). Source: 2025-10 Content Outline edition (5 unscored pretest items effective Oct 27, 2025 — pre-Oct-2025 editions administered 10 unscored / 135 total).
Who runs the FINRA Series 7?
FINRA owns and administers the Series 7 exam and its Content Outline. This site is independent study material and is not affiliated with the exam owner.
What topics does the FINRA Series 7 cover?
This course's blueprint has 2 areas: F1 — Seeks Business for the Broker-Dealer from Customers and Potential Customers (7%) and F2 — Opens Accounts After Obtaining and Evaluating Customers' Financial Profile and Investment Objectives (9%).
What official materials should I read for the FINRA Series 7?
finra.org Series 7 exam page + FINRA Series 7 Content Outline 2025-10 'Corequisite' section, FINRA Series 7 Content Outline 2025-10 §3.2 Options, FINRA Series 7 Content Outline 2025-10 §3.2 "uncovered call or put writing", FINRA Series 7 Content Outline 2025-10 §3.2 "covered call ... writing for equity options" and FINRA Series 7 Content Outline 2025-10 §3.2 "Protective put for equity and index options".
What can I study free for the FINRA Series 7?
Registration Gating: SIE, Series 6, and State Law and Options: Building the Breakeven Math — the first 2 modules of 9 — with lessons, cards and the module quiz, no payment details needed.
How much is the full FINRA Series 7 course?
$59 once for all 9 modules, 81 practice questions and 2 practice forms. No subscription.
FINRA Series 6
How many questions are on the FINRA Series 6?
50. Format: 55 items administered per candidate (50 scored, 4-choice multiple choice, + 5 unscored, unidentified pretest items blended in — treat all 55 as live). Source: Copyright-2020 FINRA Series 6 Content Outline, current edition served on finra.org as of 2026-07-08.
How long is the FINRA Series 6?
1 hour 30 minutes (90 minutes). Source: Copyright-2020 FINRA Series 6 Content Outline, current edition served on finra.org as of 2026-07-08.
What do you need to pass the FINRA Series 6?
70 of 100 on an equated 0-100 scale (of the 50 SCORED items). Source: Copyright-2020 FINRA Series 6 Content Outline, current edition served on finra.org as of 2026-07-08.
Who runs the FINRA Series 6?
FINRA (Financial Industry Regulatory Authority) writes, owns, and administers the Series 6 exam. This site is independent study material and is not affiliated with the exam owner.
What topics does the FINRA Series 6 cover?
This course's blueprint has 3 areas: F1 — Seeks Business for the Broker-Dealer from Customers and Potential Customers (24%), F2 — Opens Accounts After Obtaining and Evaluating Customers' Financial Profile and Investment Objectives (16%) and F4 — Obtains and Verifies Customers' Purchase and Sales Instructions; Processes, Completes and Confirms Transactions (10%).
Which FINRA Series 6 concepts does this course emphasize most?
FINRA Rule 2330 requires a registered principal to review and approve, Account registration types a Series 6 rep must distinguish: individual, joint tenants with rights of survivorship, A recommendation to HOLD a security is subject to Reg BI's Care Obligation and Standard securities transactions settle T+1 under SEC Rule 15c6-1; SEC Exchange Act Rule 10b-10.
What official materials should I read for the FINRA Series 6?
FINRA Rule 2210, FINRA Rule 2210 + Rule 2211, FINRA Rule 2211, FINRA Rule 2212 and FINRA Rule 2213.
What can I study free for the FINRA Series 6?
Communications with the Public and Prospectus, New Issues & Exempt Offerings — the first 2 modules of 9 — with lessons, cards and the module quiz, no payment details needed.
How much is the full FINRA Series 6 course?
$49 once for all 9 modules, 100 practice questions and 2 practice forms. No subscription.
NASAA Series 63
How many questions are on the NASAA Series 63?
60. Format: 65 multiple-choice questions total = 60 SCORED + 5 UNSCORED pretest (candidate cannot tell which are which). Source: Test Specifications effective June 12, 2023.
How long is the NASAA Series 63?
75 minutes. Source: Test Specifications effective June 12, 2023.
What do you need to pass the NASAA Series 63?
Must correctly answer at least 43 of the 60 scored questions (~72%). Source: Test Specifications effective June 12, 2023.
Who runs the NASAA Series 63?
North American Securities Administrators Association (NASAA). This site is independent study material and is not affiliated with the exam owner.
What topics does the NASAA Series 63 cover?
This course's blueprint has 9 areas: Ethical Practices and Obligations (25%), Communication with Customers and Prospects (20%), Regulation of Agents of Broker-Dealers (13%), Regulation of Broker-Dealers (12%), Remedies and Administrative Provisions (11%), Regulation of Securities and Issuers (9%), Regulation of Investment Advisers (5%), Regulation of Investment Adviser Representatives (5%) and Routing: Series 63 vs 65 vs 66.
Which NASAA Series 63 concepts does this course emphasize most?
What conduct violations count as prohibited/unethical business practices for BDs and agents?, When does an agent need PRIOR WRITTEN authorization to exercise discretion in a customer account?, May an agent or BD guarantee a customer against loss or promise a specific gain?, Under what two conditions may an agent share in the profits or losses of a customer's account?, Is borrowing from or lending money to a customer allowed?, What custody obligation applies to customer funds and securities?, When may client brokerage commissions pay for research or brokerage services? and What does the NASAA Model Act to Protect Vulnerable Adults from Financial Exploitation permit?, plus 25 more listed in the study guide.
What official materials should I read for the NASAA Series 63?
NASAA SoP on Dishonest or Unethical Business Practices of BDs and Agents, USA / NASAA SoP, Series 63 Test Specifications VII.3, NASAA SoP and Series 63 Test Specifications VIII.2.
What can I study free for the NASAA Series 63?
Ethical Practices and Obligations and Communication with Customers and Prospects — the first 2 modules of 9 — with lessons, cards and the module quiz, no payment details needed.
How much is the full NASAA Series 63 course?
$49 once for all 9 modules, 67 practice questions and 2 practice forms. No subscription.
NASAA Series 66
How many questions are on the NASAA Series 66?
100. Format: 110 items (100 scored + 10 unscored pretest, blended), multiple choice. Source: Current NASAA Series 66 Test Specifications (weighting 8/17/30/45; a legacy 5/20/30/45 outline is superseded — the live-PDF re-pin is isolated to updatable[]).
How long is the NASAA Series 66?
150 minutes. Source: Current NASAA Series 66 Test Specifications (weighting 8/17/30/45; a legacy 5/20/30/45 outline is superseded — the live-PDF re-pin is isolated to updatable[]).
What do you need to pass the NASAA Series 66?
NASAA Series 66. Source: Current NASAA Series 66 Test Specifications (weighting 8/17/30/45; a legacy 5/20/30/45 outline is superseded — the live-PDF re-pin is isolated to updatable[]).
Who runs the NASAA Series 66?
NASAA owns the Series 66 content outline and the Uniform Securities Act (model act). This site is independent study material and is not affiliated with the exam owner.
What topics does the NASAA Series 66 cover?
This course's blueprint has 4 areas: Laws, Regulations & Ethics (45%), Recommendations & Strategies (30%), Investment Vehicles (17%) and Economic Factors (8%).
Which NASAA Series 66 concepts does this course emphasize most?
Which AUM threshold requires SEC registration for an IA?, What is the $90M–$110M buffer zone for IA registration?, When must Part 2A brochure be delivered to clients?, How does IA fiduciary duty differ from BD/agent suitability?, What custody safeguards prevent commingling of client assets?, Under what narrow circumstances may an agent borrow from a client?, Three state registration methods: notice, coordination, qualification and Exempt SECURITIES: which types are permanently exempt from registration?, plus 10 more listed in the study guide.
What official materials should I read for the NASAA Series 66?
Uniform Securities Act + NASAA Series 66 Test Specifications / content outline + NASAA Statements of Policy on unethical practices, Investment Advisers Act of 1940 + Securities Act of 1933 / Securities Exchange Act of 1934 + SEC rules, incl. Reg BI and the SEC Marketing Rule, Uniform Securities Act, NASAA Series 66 Test Specifications / content outline + NASAA Statements of Policy on unethical practices and Investment Advisers Act of 1940 + SEC rules.
What can I study free for the NASAA Series 66?
USA Definitions & Registration Essentials and IA Registration & Fiduciary Duty: SEC vs State — the first 2 modules of 9 — with lessons, cards and the module quiz, no payment details needed.
How much is the full NASAA Series 66 course?
$59 once for all 9 modules, 100 practice questions and 2 practice forms. No subscription.
NASAA Series 65
How many questions are on the NASAA Series 65?
130. Source: Current NASAA Series 65 Test Specifications, effective June 12, 2023 (topic weights 15/25/30/30 over 20/32/39/39 scored questions, summing to 130).
How long is the NASAA Series 65?
180 minutes (3 hours). Source: Current NASAA Series 65 Test Specifications, effective June 12, 2023 (topic weights 15/25/30/30 over 20/32/39/39 scored questions, summing to 130).
What do you need to pass the NASAA Series 65?
At least 92 of 130 scored questions (≥92/130). Source: Current NASAA Series 65 Test Specifications, effective June 12, 2023 (topic weights 15/25/30/30 over 20/32/39/39 scored questions, summing to 130).
Who runs the NASAA Series 65?
Written by NASAA (owns the content outline and the Uniform Securities Act model act). This site is independent study material and is not affiliated with the exam owner.
What topics does the NASAA Series 65 cover?
This course's blueprint has 4 areas: Client Recommendations & Strategies (30%), Laws, Regulations & Guidelines incl. Prohibition on Unethical Business Practices (30%), Investment Vehicle Characteristics (25%) and Economic Factors & Business Information (15%).
Which NASAA Series 65 concepts does this course emphasize most?
Compare strategic vs. tactical asset allocation., Which AUM threshold requires SEC registration for an IA?, What custody safeguards and examination exceptions apply to SEC-registered advisers?, Under what narrow circumstances may an agent borrow from a client? and How are digital assets classified as securities?.
What official materials should I read for the NASAA Series 65?
Internal Revenue Code / IRS rules, Employee Retirement Income Security Act of 1974 + Internal Revenue Code, Uniform Securities Act + NASAA Series 65 Test Specifications + NASAA Statements of Policy on unethical business practices, Investment Advisers Act of 1940 + Securities Act of 1933 / Securities Exchange Act of 1934 + SEC rules, incl. Reg BI and the SEC Marketing Rule-1) and NASAA Series 65 Test Specifications Section II.N.2 / II.G.3 + SEC guidance on digital-asset securities and SPAC disclosure.
What can I study free for the NASAA Series 65?
Risk & Modern Portfolio Theory and Suitability, Client Profiling & Portfolio Strategy — the first 2 modules of 9 — with lessons, cards and the module quiz, no payment details needed.
How much is the full NASAA Series 65 course?
$59 once for all 9 modules, 130 practice questions and 2 practice forms. No subscription.