The FINRA® Series 10, General Securities Sales Supervisor – General Exam tests a candidate’s knowledge of securities rules and regulations in preparing for supervising the sales activities in corporate, municipal and options securities, and more.
What is the Series 10 pass rate?
What is the Series 10 pass rate? The Series 10 exam has approximately a 70% pass rate.
How hard is the Series 9 and 10?
The Series 9 has fifty-five questions on regulations of options, which takes one and a half hours to test, and the Series 10 has 145 questions, which take four hours to complete. A 70% is required to receive a passing score on the Series 9 and 10.
What is the Series 10 about?
With the Series 9 and 10, the branch manager is qualified to supervise sales activities only.
|Major Job Functions Part 1: Series 10||Number of Exam Items|
|(F1) Supervise Associated Persons and Personnel Management Activities||28|
What is the Series 9 10 exam?
The Series 9/10 exam is the General Securities Sales Supervisor Qualification Examination. The exam is developed and maintained by the Financial Industry Regulatory Authority (FINRA). This content outline provides a comprehensive guide to the topics covered on the Series 9/10 exam.
Which security exam is hardest?
The Series 7 exam is by far the longest and most difficult of all the securities exams. It lasts for 225 minutes and covers all aspects of stock and bond quotes and trading; put and call options; spreads and straddles; ethics; margin, and other account holder requirements; and other pertinent regulations.
How much time do you get for the Series 10?
Each candidate will have one hour and 30 minutes to complete the exam. A score of 70% or higher is required to pass on both the Series 9 and Series 10 exam to become fully registered as a General Securities Sales Supervisor.
Do you take series 9 or 10 first?
All candidates must have passed the series 7 prior to taking Series 9 exam. The Series 10 is a co-requisite for a person to be fully registered as a General Securities Sales Supervisor for a member firm.
Is Series 7 or 79 Harder?
The Series 79 exam is 75 questions and takes 2.5 hours while the Series 7 is made up of 125 questions and takes three hours 45 minutes to complete.
What is the difference between 9 10 and 24?
The Difference Between Series 9/10 and Series 24
FINRA indicates that a principal who has completed the Series 24 exam is also qualified to supervise, in addition to sales, the overall investment banking and securities business of a member firm.
Is the Series 7 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.
Who needs a Series 4?
The Series 4 exam grants license to those who pass to supervise options sales and trading personnel. The test is sponsored by FINRA and covers both substantive knowledge about options trading as well as topics on compliance and ethics.
How much does Series 9 cost?
Questions cover matters such as supervising opening and maintenance of customer options accounts and overseeing the practices of options salespeople and traders. Meanwhile, other topics include options communications and personnel management. FINRA charges $80 to take the Series 9 exam.
What does the Series 24 cover?
The Series 24 exam is administered by the Financial Industry Regulatory Authority (FINRA) and covers topics such as corporate securities, real estate investment trusts, trading, customer accounts, and regulatory guidelines.
What does a Series 24 allow you to do?
By passing the Series 24, the candidate can supervise all areas of the member’s investment banking and securities business, such as underwriting, trading and market making, advertising, or overall compliance with financial responsibilities.
Do you need a Series 7 to be an analyst?
Generally, you’ll need a Series 7, a Series 63, and possibly a Series 79, 86, or 87 license, which you can only acquire after you are employed and sponsored by a financial firm. However, you can improve your resume by passing the Securities Industry Essentials Exam (SIE) before you are hired.
Who needs a Series 7?
Individuals who want to enter the securities industry to sell any type of securities must take the Series 7 examination—formally known as the General Securities Representative Examination.
What is a Series 63 license?
The Series 63 license is intended to measure an applicant’s knowledge and understanding of state law and regulations. It is required for individuals soliciting the purchase or sale of securities products, such as mutual funds, variable annuities, stocks, or bonds within a state.
Is Series 7 or 65 Harder?
Series 65 Exam Difficulty Level
The Series 65 is more challenging for students who have not completed the Series 7. It’s recommended that students learn through a variety of methods, such as reading, as well as continuous practice exams.
What is a Series 55?
The Series 55 license is known formally as the Equity Trader/Limited Representative license and is required by those individuals who wish to trade equity and convertible debt securities on a principal or agency basis.