The Series 86 and 87 exams are exams that are administered by the Financial Industry Regulatory Authority (FINRA). The Series 86 exam is known as the "Investment Company and Variable Contracts Products Principal Qualification Examination", while the Series 87 exam is known as the "Qualification Examination for Investment Company and Variable Contracts Products Representative".
The Series 86 exam is taken by individuals who wish to become registered representatives of investment companies and variable contracts products. The Series 87 exam is taken by individuals who wish to become registered representatives of investment companies only.
Both exams consist of 125 multiple-choice questions, and test takers are given two and a half hours to complete the exams. The passing score for the Series 86 exam is 70%, while the passing score for the Series 87 exam is 80%.
What is the most difficult FINRA Series exam? There is no definitive answer to this question as it depends on the individual taking the exam. However, some candidates may find the Series 7 exam to be the most difficult due to its broad scope of topics covered. Other difficult exams may include the Series 24 (General Securities Principal), Series 65 (Uniform Investment Adviser Law), and Series 66 (Uniform Combined State Law) exams.
What is the Series 7 pass rate? According to Finra's website, the overall pass rate for the Series 7 exam is 70%. However, the pass rate varies depending on the testing window. For example, the pass rate for the February 2018 testing window was 73%, while the pass rate for the August 2018 testing window was 67%. What does the Series 52 allow you to do? The Series 52 allows you to qualify as a municipal securities representative.
How many questions is 87? The Financial Industry Regulatory Authority (FINRA) is the largest independent regulator for all securities firms doing business in the United States. FINRA oversees about 4,100 brokerage firms, 170,000 branch offices and 634,000 registered securities representatives. 87 is not a large number compared to the millions of questions that FINRA regulates. How much money can I make with a Series 7 license? There is no definitive answer to this question, as it largely depends on factors such as your experience, geographical location, and the type of firm you work for. However, according to the website Series7Exam.com, the average salary for a Series 7 licensee is between $40,000 and $100,000 per year.