What kind of questions are on the Series 66?
The examination consists of 100 multiple-choice questions and 10 pretest questions. Applicants are allowed 150 minutes to complete the examination. The examination is conducted as a closed-book test.
Is Series 66 test hard?
The short answer is that studying is unavoidable. There is no short cut with this exam. You may do better on this one if you already took the Series 63 exam. Overall, the Series 66 difficulty level is a step up from the SIE Exam difficulty, but it can be easily accomplished with a disciplined approach.
How do I prepare for Series 66?
6 key steps to ace the Series 66 exam
- Step 1: Know what you’re dealing with.
- Step 2: Be realistic about setting aside study time.
- Step 3: Find the best materials to study from.
- Step 4: Make a schedule and stick with it.
- Step 5: Read the textbook cover to cover.
- Step 6: Get the most value out of practice questions.
What is a passing score for the Series 66?
73
In order for a candidate to pass the Series 66 Exam, he/she must correctly answer at least 73 of the 100 scored questions. There is no prerequisite for the Series 66 examination.
How long is Series 66 Good For?
two years
Necessity of Employment in an Investment Firm The Series 66 exam has a similar requirement. A complication of the Series 7 and 66 licenses is that you can only maintain them in good standing for two years once you’ve left an investment firm.
What does a Series 66 allow you to do?
The Series 66 is an exam and license that is meant to qualify individuals as investment advisor representatives or securities agents. The Series 66, also known as the Uniform Combined State Law Examination, covers topics relevant to providing investment advice and effecting securities transactions for clients.
Should I take Series 7 or 66 first?
Should I take the series 7 or 66 exam first? While you may take either exam first, we strongly recommend that you start with this Series 7 Exam. The Series 7 Exam is a much bigger test and will require significantly more study time.
How many times can you fail the Series 66?
As with any securities exam, if you fail the Series 66 on your first attempt, you are allowed two more retakes, waiting 30 days between exam dates. If you fail on the third attempt, you can retake the exam after a 180-day waiting period.
What happens if you fail Series 66?
If I failed the Series 66, do I have to abide by the applicable waiting period to take the Series 65? The re-take times are exclusive to each exam. Thus, if you fail to pass the Series 66, you can take the Series 63 or 65 at an earlier date than that on which you could re-take the Series 66.
What can I do with a Series 7 and 66 license?
The Series 7 license, along with the Series 66, grants individuals the right to buy and sell securities on behalf of others. Once you have earned your Series 7 license, salary and career options are numerous, so be strategic and use this valuable asset to your advantage.
What happens if you dont pass Series 66?
The re-take times are exclusive to each exam. Thus, if you fail to pass the Series 66, you can take the Series 63 or 65 at an earlier date than that on which you could re-take the Series 66.
Is Series 65 or 66 Harder?
Is It Harder to Pass the Series 65 or Series 66 Exams? While the pass/fail rate for these exams is not publicly available, many consider the Series 66 exam more difficult than the Series 65 because it is longer. The Series 65 contains 130 questions and the Series 66 has only 100.