By Lisa D Mason
The Series 3 exam is the national commodity futures test. If you ever wanted to participate in the futures market trading contracts, options or engage in hedging strategies, this may be a career for you. Adding licenses such as the Series 3 can add to your credentials in any investment career. If you do not have an impressive finance degree or other designations, this license will at least add to your credentials and give you some benefit when job hunting or going on interviews.
The only prerequisite required for the Series 6 exam is that candidates must be sponsored by a FINRA member financial company. A Self-Regulatory Organization (SRO) is also acceptable.
People who pass the series 6 exam are qualified to sell mutual finds and variable annuities.
As expected, results must be sufficient for a pass in the exam before any other principal FINRA exams can be taken.
Options, Futures and Hedging
The exam is maintained and owned by NASD (National Association of Securities Dealers).
The exam is broken up into these sections:
To gain a pass, the exam taker must receive a score of at least 70%.
Securities and Tax Regulations - 23 Questions
Marketing, Prospecting and Sales Presentations - 18 Questions
The exam is given on computer administered by Prometric/Pearson testing centers. There are hundreds of these test centers across the country. You must register for the exam through the NASD prior to taking the Series 3 test. The Series 3 can be taken at most centers 5 days a week. Meaning, once you are registered to take the exam, you can reserve any of the week you want.
Product Information: Investment Company Securities and Variable Contracts - 26 Questions
Evaluating customer needs and objectives takes up only 2% of the exam with just 4 questions on this topic, whilst 21% of the test covers the topic of understanding and explaining securities markets organization and participants to customers and there are over 50 questions on this subject.
The only prerequisite required for the Series 6 exam is that candidates must be sponsored by a FINRA member financial company. A Self-Regulatory Organization (SRO) is also acceptable.
People who pass the series 6 exam are qualified to sell mutual finds and variable annuities.
As expected, results must be sufficient for a pass in the exam before any other principal FINRA exams can be taken.
Options, Futures and Hedging
The exam is maintained and owned by NASD (National Association of Securities Dealers).
The exam is broken up into these sections:
To gain a pass, the exam taker must receive a score of at least 70%.
Securities and Tax Regulations - 23 Questions
Marketing, Prospecting and Sales Presentations - 18 Questions
The exam is given on computer administered by Prometric/Pearson testing centers. There are hundreds of these test centers across the country. You must register for the exam through the NASD prior to taking the Series 3 test. The Series 3 can be taken at most centers 5 days a week. Meaning, once you are registered to take the exam, you can reserve any of the week you want.
Product Information: Investment Company Securities and Variable Contracts - 26 Questions
Evaluating customer needs and objectives takes up only 2% of the exam with just 4 questions on this topic, whilst 21% of the test covers the topic of understanding and explaining securities markets organization and participants to customers and there are over 50 questions on this subject.
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You can visit here for more details: FINRA Series 10 Exam Prep and FINRA Series 11 Exam Prep
1 komentar:
It is really important to be prepared before the actual securities exam. Now that there are a lot of providers that offer Series 6 training courses online, students and professionals can get a lot of advantages. Good thing about online courses for securities licensing is that they include preparatory exams and study materials that will help examinees to get an idea on what the series licensing exam is all about. Here's the link where you can get Series 6 study materials online: http://www.securitiescampus.com/series6-license-training.cfm
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