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Frequently Asked Questions

Is there a time limit for the series 66 exam?

The Series 66 test is 100 questions that count towards the candidate's score and 10 pretest questions. The time limit for the exam is 150 minutes. To pass the exam, a candidate must correctly answer 73 (73%) of the questions. 5

How long is the series 66 securities license?

The Financial Industry Regulatory Authority, or FINRA, developed the Series 66 license to streamline the process for new investment advisers. The Series 66 examination covers material from both the Series 63 and 65 exams. It consists of 100 multiple-choice questions, with a testing time of up to two hours and 30 minutes.

Do you have to take series 7 for Series 66?

There is no prerequisite for the Series 66 examination. However, the Series 7 examination is a co-requisite to the Series 66 Examination. For additional information about this exam, including the content outline, please visit the exams page on the NASAA website.

Is the series 66 exam administered by FINRA?

The Series 66 exam — the NASAA Uniform Combined State Law Examination — is a North American Securities Administrators Association (NASAA) exam administered by FINRA. The exam consists of 100 scored questions.


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