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The Series 66 exam has 100 multiple-choice questions that are scored, and a candidate must correctly answer 73 of those questions in order to pass. The comprehensive exam covers topics such as economic factors, the characteristics of investment vehicles, client/customer investment recommendation strategies, and laws and regulations.What is the pass rate for the series 66 exam?
Most securities exams administered by both FINRA and the NASAA have a passing score of 70%, except for the Series 7, 63 and 65, which have passing rates of 72%, and Series 66, which has a passing score of 73%.How long is the series 66 exam?
The Series 66 exam will be presented in a 100-question multiple-choice format. Each candidate will have two and one half hours to complete the exam. A score of 75% or higher is required to pass.What is the series 7 and 66 exam?
Adding the Series 66. The Series 66 exam allows individuals who have already passed the Series 7 exam to register as investment advisers. While the Series 7 allows individuals to sell securities to their clients, the Series 66 license allows them to act as wealth or asset managers with fiduciary responsibility over their client's funds.