What is a Series 66 license?

The Series 66 license, known as the Uniform Combined State Law Examination, is a North American Securities Administrators Association ( NASAA) exam that is administered by FINRA. Obtaining the Series 66 license is important for representatives who provide advice on ERISA-regulated retirement accounts.

What is the Series 66 exam for?

The examination (also called the “Series 66”) is designed to qualify candidates as both securities agents and investment adviser representatives. The exam covers topics that have been determined to be necessary to provide investment advice and effect securities transactions for clients.

What can I sell with a Series 66?

It allows its holders to sell “packaged” investment products such as mutual funds, variable annuities, and unit investment trusts (UITs). 1 The Series 6 exam is 135 minutes long and covers basic information regarding packaged investments, securities regulations, and ethics.

Is Series 65 or 66 easier?

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.

Is Series 7 or Series 66 Harder?

While the hardest questions from the Series 66 overlaps with the Series 63’s hardest questions, the Series 66 contains even more content that makes it a challenge. There is a lot of content that overlaps with the Series 7, for instance. These topics, and more, lead to a fairly challenging exam.

How long is Series 66 Good For?

two years
As long as you do not exceed two years between employers, your Series 66 license will remain active.

Is Series 7 exam hard?

Is the Series 7 Exam Difficult? Clocking in at 125 questions to be answered in three hours and 45 minutes, the Series 7 exam is considered the most difficult of all the securities licensing exams. The minimum passing score is 72, which may not seem that difficult.

Can you take series 66 without a sponsor?

Can I Take The Series 66 Exam Without A Sponsor? While you can take the Series 66 exam without sponsorship from a FINRA member firm, the co-requisite Series 7 license requires member sponsorship.

Does Series 66 expire?

As long as you do not exceed two years between employers, your Series 66 license will remain active.