Finra Series 66 FAQ

Answers to the most common questions about the Series 66 exam.

How to get your Series 66

The Series 66 does not have any prerequisites, and you do not need to be employed by or sponsored by a FINRA member firm in order to register for and take the exam. However, the SIE exam and Series 7 are both corequisites, and all three must be completed to obtain the registration.

What's covered on the Series 66?

The Series 66 exam, known formally as the Uniform Investment Adviser Law Exam, covers the laws, regulations, ethics, strategies, and various topics important to the role of a financial adviser and offering financial advice, as well as the purchase and sale of securities and state laws pertaining to securities. This exam fulfills the requirements of both the Series 63 and Series 65, enabling the license holder to give financial advice and facilitate the purchase and sale of securities.

Despite commonly being called the "FINRA Series 66" it is more accurately a North American Securities Administrators Association (NASAA) exam administered by FINRA.

Topic

Test questions

Economic Factors and Business Information

8 (8%)

Investment Vehicle Characteristics

17 (17%)

Client/Customer Investment Recommendations and Strategies

30 (30%)

Laws, Regulations, and Guidelines

45 (45%)

Total

100

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