Sequence of testing
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I get the impression its 7 then 66/63..
Series 3 >
Series 4 >
Series 6 >
Series 7 >
Errata: Series 7 Drill & Practice, 16th Edition >
Series 9 >
Series 10 >
Series 24 >
Series 26 >
Series 27/28 >
Series 31 >
Series 37/38 >
Series 51 >
Series 53 >
Series 55 >
Series 63 >
Series 65 >
Series 66 >
What are the orders and time frames...
It seems 7 is first unless you are an insurance guy..
It's 7, then 63 if you aren't going to be doing advisory business, if you are then take 66 instead, it combines the 65(advisory) and 63(blue sky laws). If you aren't planning on doing advisory business now then just take the 63. If at a later date you intend to do advisory business - take the 66 anyway even though part of it will duplicate the 63 - the 66 is much easier than the 65.
The 65 is for people who want to do advisory business without a broker/dealer (no transactions, only advice), you don't need a series 7 to hold the 65. Therefore the 65 incorporates much of the information which is on the 7. The regulators want make sure that those who are providing only investment advice without executing trades should have a decent amount of knowledge of what is on the 7. So the 65 incorporates advisory regulations and a good amount of the information, maybe 40% of what is on the 7. Whereas the 66 is only advisory regs along with the skimpy information on the 63 about state regs.
Thanks.. Which test is to sell options? insurance/annuities?
Is the 53 the state tests?
Options is covered by the 7. VARIABLE insurance/annuities (since they’re securities covered by 6 or 7 (plus life license). For FIXED ins/ann, life license (but if you’re w/ a b/d you’ll obviously also have a securities license). 53 is muni principal exam. By “state tests” I assume you mean the 63 (i.e., blue sky test). As previously mentioned, the 66 also includes what’s in the 63, so you don’t need 63 if you take 66.
Study Outlines for some exams may be accessed by clicking on the Series number(s) listed below. Please note that the Series 63, 65, and 66 exams are administered by NASAA and clicking on those links will take you to their site for further information.
Series
Examination
Questions
Time
(minutes)
Prerequisite
Cost
3
National Commodity Futures (CR)
120
150
None
$90
4
Registered Options Principal (OP)
125
180
S7, or S62 with S42, S17, S37 or S38
$80
5
Interest Rate Options (IO)
50
90
S7
$60
6
Investment Company Products/Variable Contracts Representative (IR)
100
135
None
$70
7
General Securities Representative (GS)
250
360
None
$225
9
General Securities Sales Supervisor (Options Module (NASD-SU)
55
90
S7
$60
10
General Securities Sales Supervisor General Module (NASD-SU)
145
240
S7
$95
11
Assistant Representative-Order Processing (AR)
50
60
None
$60
12
Branch Manager (NYSE-SM)
100
180
S7
$80
14
Compliance Officer (NYSE-CO)
100
180
None
$300
15
Foreign Currency Options (FC)
50
90
None
$60
16
Supervisory Analyst (NYSE-SA) [one or two parts depending on NYSE requirements]
Each Part 50
90 Each
None
$200
17
Limited Registered Representative (IE)
100
120
FSA Registration
$65
22
Direct Participation Programs Representative (DR)
100
135
None
$70
23
General Securities Principal Sales Supervisor Module (GP)
100
150
S8, S9/10, or S12
$75
24
General Securities Principal (GP)
150
210
S7, S17, S37, S38, S62, or S82
$85
26
Investment Company Products/Variable Contracts (IP)
110
150
S6 or S7
$75
27
Financial and Operations Principal (FN)
145
210
None
$85
28
Introducing Broker/Dealer Financial and Operations Principal (FI)
85
120
None
$75
30
Branch Managers Examination - Futures
50
60
None
$60
31
Futures Managed Funds Examination
45
60
None
$60
32
Limited Futures Exam-Regulations
35
45
None
$60
33
Financial Instruments Examination
60
80
None
$60
37
Canada Module of S7 (CD)
[Options Required]
90
150
CAN Registration
$150
38
Canada Module of S7 (CN)
[No Options Required]
45
75
CAN Registration
$150
39
Direct Participation Programs Principal (DP)
95
120
S22 or S7
$75
42
Registered Options Representative (OR)
50
90
S62 or S7
$60
51
Municipal Fund Securities Limited Principal (FP)
60
120
S24 or S26
$75
52
Municipal Securities Representative (MR)
100
180
None
$80
53
Municipal Securities Principal (MP)
100
180
S52 or S7
$80
55
Limited Representative-Equity Trader Examination (ET)
100
180
S7, S17, S37, S38, or S62
$80
62
Corporate Securities Limited Representative (CS)
115
150
None
$70
63
Uniform Securities Agent State Law Exam (AG)
65
75
None
$82
65
NASAA-Investment Advisors Law Exam (RA)
130
180
None
$120
66
NASAA-Uniform Combined State Law Exam (AG and/or RA)
100
150
S7
$110
72
Government Securities Representative (RG)
100
180
None
$80
82
Limited Representative-Private Securities Offerings (PR)
100
150
None
$75
86
Research Analyst (RS) Part I
Analysis Module
100
240
S7 , S17, S37, or S38
$150
87
Research Analyst (RS)
Part II
Regulations Module
50
90
S7 , S17, S37, or S38
$105