The general securities principal qualification does not cover municipal securities or options. The general securities sales supervisor qualification examination contains 200 multiplechoice questions. Municipal securities principal qualification examination. Series 10 is a finra exam required for individuals overseeing activities related to securities sales. In addition to background information on the series 27 license, it briefly describes the specific knowledge needed to. Jan 16, 2018 this final content outline is now available on the finra website.
The series 910 general securities sales supervisor examination is segmented into two portions. The new series 6 exam restructure and breakdown based on the four main job functions is. Series 65 test specifications topic weight number of. Series 9 55 questions on options, to be completed within 1. Series 10 the series 10 exam is a principal level finra exam that, along with the series 9 exam, qualifies an individual to supervise sales activity in full range of investment products, including municipal securities and options. The table below lists the allocation of exam items for each major job function.
Municipal fund securities limited principal qualification. The uniform combined state law examination was developed by nasaa based on industry requests. The wiley series 10 textbook is packed with test tips, series 10 sample questions and all the must know information you need to pass your exam. Series 9 and 10 general securities sales supervisor exams. The examination also called the series 66 is designed to qualify candidates as both securities agents and investment adviser representatives. The series 4 is an exam and securities license entitling the holder to supervise options sales personnel and compliance issues. It covers topics such as options strategies, foreign. Refer to each exam content outline for more information. Series 10 practice exam concepts flashcards quizlet. This includes significant changes to the series 55 content outline, along with a change in the passing score. The series 10 exam is required of individuals who supervise sales activities in corporate, municipal, and u. The new series 6 topoff exam will consist of 50 multiple choice questions, allow the candidate 90 minutes to complete the exam, and will be scored using equating.
For more information on the registration process, see register a new candidate. Unlike the licensing exams such as the series 4, 6, 7, 9, 10 which require the candidate to be employed by a member firm, securities industry essentials exam is open to anyone over the age of 18 including students and prospective candidates interested in demonstrating basic industry knowledge to. Stc usa helps you to prepare for your unspecified license type exam. Series 65 test specifications topic weight number of questions i. Effective september 1, 2011, finra will implement a fee for individuals who cancel or reschedule a qualification examination or regulatory element session within three to 10 business days of a scheduled appointment date. Prepare for the finra series 4 exam with training materials from knopman marks. Once registered, finra will open a 120day window within which an individual may schedule the exam.
The series 4 exam is required of individuals functioning as options principals, compliance registered options principals, or senior registered options principals. This content outline is intended to help candidates prepare for the municipal securities principal qualification examination series 53 by providing relevant information about the examination itself and sharing pertinent information about the content areas that. The series 26 is a finra sponsored licensing exam that must be passed in order to become a. The exam consists of 125 multiple choice questions administered through computer using the proctor system.
The series 9 10 exam is the general securities sales supervisor qualification examination. The finra qualification and registration requirements are set forth in finra rules 1210 through 1240. This content outline is intended to help candidates prepare for the municipal advisor representative qualification examination series 50 by providing relevant information about the examination itself and sharing pertinent information about the content areas that are covered. The outline consists of two parts that include the eight major job functions of a general securities sales supervisor. Jan 15, 2018 series 910 refers to a twopart securities exam and license entitling the holder to supervise sales activities at a general securitiesoriented branch office. A minimum of 30 days after failing the first exam before the second taking of the exam can be scheduled. The exam is developed and maintained by the financial industry regulatory authority finra. What is the equivalent yield of a municipal bond if the investor is in the 28% tax bracket. This content outline provides a comprehensive guide to the topics covered on the series 9 10. 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.
The finra series 26, investment company and variable contracts products principal exam is required of individuals, who as principal will supervise individuals soliciting the purchase or sale of redeemable securities mutual funds registered under the investment company act of 1940, variable contracts variable annuities and insurance premium funding programs variable life issued by. Series 910 exam details kaplan financial education. Municipal advisor representative qualification examination. Copies of this outline and registration applications may be obtained from the finra web site at. Finra series 10 securities licensing exam prep nrs fire. The series 9 and 10 exams are designed to assess the competency of general. Like most other finra exams, the series 79 exam is undergoing a significant change beginning oct. The examination, called the series 65 exam, is designed to qualify candidates as investment adviser representatives. Individuals must pass the series 9 and the series 10 exams to be. Candidates must pass the sie and series 7 exams to hold the general securities sales supervisor registration. Like the test, the outline also is split into two parts. Series 9 and 10 general securities sales supervisor. However, finra provides a content outline that covers the material required to pass the tests.
This exam is administered by the financial industry regulatory authority finra, previously known as the nasd. Municipal securities rulemaking board 2 introduction this content outline is intended to help candidates prepare for the municipal securities representative qualification examination series 52 by providing relevant information about the examination itself and sharing pertinent information about the content areas that are covered. An exam administered by the financial industry regulatory authority finra for professionals seeking to become licensed compliance officers for a member firm. The following faqs on pertain to qualification exams. Seeks business for the brokerdealer from customers and potential customers 24% 12 items. The series 910 exam is required to register as principals to supervise sales activities in corporate, municipal, and options securities, investment company products, variable contracts, and direct participation programs. 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 the maintenance of records. Individuals are required to pass both the series 79 topoff exam and the sie qualification exam in order to register as a representative. Series 10 exam prep study guides and test questions. Regulatory authority finra as the designated test administrator for the series 50 exam. The series 24 content outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required.
These programs can be completed via the new finra ce online program, an approach that allows each participant to study and test on the material for a full 120 days after registration. The series 910 exam is accepted by finra member firms to license branch managers to supervise branch activities. Packages include practice exams, study guides, personal instructor support, and more. Series 910 refers to a twopart securities exam and license entitling the holder to supervise sales activities at a general securities oriented branch office. All classes will be held via livestream through june.
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. This content outline provides a comprehensive guide to the topics covered on the general securities. More information on sites to take the exams can be found on the finra website. A series 6 registered individual is not a stockbroker since series 6 license holders cannot sell stock, other corporate securities, direct participation programs dpps, or option products. Outline page 3 introduction the series 23 exam is the general securities principal qualification examination sales supervisor module. It is typically taken along with the series 9 by individuals responsible for branch office supervision, or by regional and national sales managers. Securities agents must acquire the series 63 license, in. Individuals who are not associated with a finra member will enroll to take the series 50 exam by completing and submitting a form u10 uniform examination request for non finra candidate form. General securities sales supervisor qualification examination. However, finra provides a content outline that covers the material required to pass the. The go to guide to acing the series 10 exam our series 10 textbook provides you with the knowledge you need and is designed to get you ready to pass the series 10 exam. Series 10 contains 145 questions sections 1 through 5 of this outline and the testing time allotted. Candidates will be subject to the following waiting periods between exams if they have failed the series 3, series 30, series 31, series 32 or series 34 within the past two years. The uniform investment adviser law examination and the available study outline were developed by nasaa.
The finra series 10, general securities sales supervisor general exam tests a candidates knowledge of securities rules and regulations in preparing for supervising the sales activities in corporate, municipal and options securities, and more. Major job functions number of questions seeks business for the brokerdealer through customers and potential customers 68 evaluates customers other security holdings, financial. The series 10 exam is a principal level finra exam that, along with the series 9 exam, qualifies an individual to supervise sales activity in full range of investment products, including municipal securities and options. Finra has created a series 6 content outline that covers all the material in the exam. Content the series 63 exam takes 75 minutes to complete and consists of 60 multiplechoice questions. Practice test for financial services qe exam prep stc usa. However the regulatory element is represented through a series of 4 finra continuing education programs. Finra has released 3 additional content outlines for its exam restructuring initiative which launches october 1, 2018. Please visit finra s enroll for a series exam page to register for a state licensing exam. Therefore, each candidate s series 9 exam consists of a total of 60 items 55 scored and 5 unscored, and each candidate s series 10 exam consists of a total of 155 items 145 scored. Series 10 general securities sales supervisor general. In addition, a pdf version of the study manual is also included and can be downloaded through our online learning portal. Candidates for a series 9 10 license dont have to take any required courses before sitting for the exams. Candidates for a series 910 license dont have to take any required courses before sitting for the exams.
They do not mirror the difficulty level of the actual exam items or the subject matter distribution of the. Nov 08, 2019 candidates for a series 910 license dont have to take any required courses before sitting for the exams. General securities principal qualification examination sales. Home page securities industry essentials exam podcast. The series 10 exam is a principal level finra exam that, along with the series 9 exam, qualifies an individual to supervise sales activity in full range of investment products, including municipal securities and. If a candidate is applying to take the series 63 exam as an employee or as an agent of a non finra member firm, he or she must file form u10 and pay the exam fee through the crd. This study guide is designed to provide an overview of the exams general content and format. Registration rule 401 requires each individual who is applying for nfa membership as a futures commission merchant fcm, retail foreign exchange dealer rfed, introducing broker ib, commodity pool operator cpo, or commodity trading advisor cta, or as an associated person ap of these entities, to satisfy proficiency requirements. This content outline is intended to help candidates prepare for the municipal securities principal qualification examination series 53 by providing relevant information about the examination itself and sharing pertinent information about the content areas that are covered. This content outline provides a comprehensive guide to the topics covered on the series 9 10 exam. Series 9 10 is a twopart securities exam and license entitling the holder to supervise sales activities at a general securitiesoriented branch office. The series 9 and 10 have corequisite exam requirements.
The outline is comprised of the five major job functions of a general securities principal. While the scope of the general securities principals supervisory authority is broader than the series 9 and 10, the series 24 is limited in the products that it covers. The financial industry regulatory authority, or finra, administers the series 7 exam, which consists of questions from several different categories. The series 26 is a securities exam and license entitling the holder to supervise those who sell funds, variable annuities and variable life insurance. With the release of the sie content outline, content outlines for the revised representative level topoff exams the series 6, series 7, series 22, series 57 series 79, series 82, series 8687, and series 99 are expected to follow. This content outline is intended to help candidates prepare for the municipal fund securities limited principal qualification examination series 51 by providing relevant information about the examination itself and sharing pertinent information about the content areas that are covered. The series 9 and 10 content outline provides a comprehensive guide to the range of topics covered on the exams, as well as the depth of knowledge required. Municipal securities rulemaking board 2 introduction this content outline is intended to help candidates prepare for the municipal advisor representative qualification examination series 50 by providing relevant information about the examination itself and sharing pertinent information about the content areas that are covered. Faqs on municipal advisor professional qualification and. The series 6, 7 and 22 top off, or specialized knowledge exams, will become effective simultaneously with the new securities essentials exam see more about the sie at. There are also sample series 42 exam items written in the various formats. Economic factors and business information 15% 20 a. The series 9 exam is a principal level finra exam that qualifies individuals to supervise sales activity in options. Individuals must pass the series 9 and the series 10 exams to be qualified to supervise the purchase and sale of nonexempt securities.
Finra series 9 securities licensing exam prep nrs fire. Prepare for the finra series 10 exam with training materials from knopman marks. Nov 18, 2019 finra supplies a 24page content outline anyone can download from its website. Effective august 12, 20, finra will revise the series 55 exam program. The following is finras breakdown of the series 7 exam. Series 79 is a finra exam required for individuals who are limited to investment banking functions concerning the underwriting of corporate securities. What is prometrics reschedule and cancellation policy. A general overview of finras series 6, 7, 63, 65 and 66. Series 9 contains 55 questions on regulation of options section 6 of this outline and candidates are allotted 1 12 hours of testing time. The current passing score is 70% the new passing score will be 67%. The series 7 topoff examination is required for individuals who wish to sell all types of securities for finra member firms, and for finra general securities member firms. A securities license entitling the holder to become a futures branch office manager. An easytounderstand six chapter print selfstudy manual based upon the finra series 10 content outline. Finra releases final sie outline solomon exam prep.
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