I am trying to take the Series 7 and 66 a year from now and have started studying. I have been looking for a FINRA firm to sponsor me, does anybody know which firms are easier to get sponsorship from? I am still in college and want to have this designation before I graduate or right around the time I graduate, assuming I would pass.
What is the Series 7 and Series 66?
The series 7, also known as the General Securities Representative Exam (GSRE), is a test for registered representatives, or stockbrokers to get their license to trade. It is a 6 hour exam held in 2 3-hour sessions with 260 questions, with only 250 counting towards your score. Candidates must score at least 72% to pass.
The Series 66, also known as the North American Securities Administrators Associations (NASAA), is a test for candidates to be both securities agents and investment advisor representatives. This exam includes 100-multiple choice questions with only 90 counting towards your score. Candidates must score at least 73% to obtain a passing score.
How to be Sponsored for the Series 7 or Series 66
In order to take the series 7, candidates must be sponsored by a FIRNA member firm or self-regulatory organization (RSO). Firms apply for candidates to take this exam by filing a Uniform Application for Security Industry Registration, or Transfer (Form U4).
Typically, a firm will hire/sponsor you with the assumption that you will pass the Series 7/Series 66.
You can read more about How to Pass the Series 7 Exam on WSO.
You can also check out a detailed post about the Series Exams on WSO.
Learn More About the Series 7 Exam on WSO
- Best Exam Book For Series 79 And Series 63?
- Ways To Pass The Series 7 Exam
- How To Pass The Series 57 Exam
If you would like help regarding what to study and previous test prep materials, click on the link below!