What is the 66 series?

Series 66 is an exam to test the knowledge of candidates about standards and practices in the financial industry. This exam is used by people who want to apply for licenses to become securities or investment advisors. The successful passage of the 66 series allows people to apply for a license in individual countries. Applicants will also have to undergo a background control managed to confirm that they do not have a conflict of interest or previous criminal history with the potential to interfere with their ability to work in the financial industry.

In order to perform a 66 series, people had to successfully pass the series 7, a general knowledge test. The 66 series, developed by the Association of North American Securities (NASAA) and regulatory regulatory administrators (FINRA), is equivalent to two other tests: series 63 and 65. This test is performed at national level in the United States.

There are 110 questions on the exam, of which 10 are included as test questions for mDown use in future tests. People have two and a half hours for a test and do not have to bring to the test environment outside the tools or AIDS, even if they can apply for scratches if they feel it will be useful. Testing centers throughout the United States regularly manage a series of 66 and usually have slots for appointment. If the test worker fails, he records less than 75%in the test, there is a 30 -day waiting time before the test is re -performed.

test questions include a number of subjects to ensure that the recipients of the tests are familiar with the law, as well as ethical guidelines for securities professions. The adoption of the 66 series requires basic knowledge of standards and procedures in the financial industry, including the knowledge of some specific laws and the legal requirement of financial professionals.

People who are interested in the career in the financial industry can sponsor their employers when they go through the test needy to work. EmployersOU hire people directly from college or high school, giving them work experiences and opportunities for testing during exams. Testing materials for series 66 and other tests are easily accessible, including classes for people who want to work with a mentor, and employers can provide employees or compensate employees who decide to buy test preparation.