What is a Series 99 license?
The Series 99 license, also known as the Investment Banking Representative Examination (IB), allows representatives to register with FINRA to offer advice or facilitate any of the following: debt or equity offerings (public or private), mergers or acquisitions, tender offers, financial restructuring, asset sales, and …
Who needs a Series 99 exam?
FINRA
FINRA has concluded that any individual who meets the definition of a covered person or who performs a covered function must pass the series 99 exam.
How much does Series 99 cost?
The testing fee for the Series 99 exam is $125. The topic questions on the exam are: twenty questions on securities, fifteen questions on markets and financial responsibility, forty-five questions on customer accounts, and twenty on professional conduct.
What FINRA 99?
The Series 99 exam is designed to assess the competency of entry-level Operations Professionals. The Series 99 exam seeks to measure the degree to which each candidate possesses the knowledge, skills and abilities needed to perform the critical functions of an Operations Professional.
Is the series 99 hard?
The Series 99 can be difficult — be sure that you have adequate time to properly prepare. This means you need to read the textbook, watch the on-demand lectures, and complete practice exams as laid out in the At A Glance Guide. Expect questions on securities products, such as mutual funds.
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.
How difficult is the Series 99 exam?
You need a 68% score or higher to pass the Series 99 exam. The exam is 50 questions and you have 90 minutes to complete the test. It’s broken down into two parts: Knowledge Associated with the Securities Industry and Broker-Dealer Operations: This makes up 70% of the exam with 35 questions.
How difficult is Series 99?
How hard is Series 99?
How long should I study for Series 99?
It is recommended that the individual spend at least 50 to 60 hours preparing for the exam by reading the textbook, underlining key points, and answering as many practice questions as possible. We recommend that a student schedule their exam no more than one week after finishing their Series 99 preparation.
How long is a Series 99 Good For?
2 years
Co-Requisite Exam Expiration Date Chart
| SIE Co-Requisite Representative Exams | Expires After | |
|---|---|---|
| Series 79 Top-Off | Investment Banking Representative Exam | 2 years |
| Series 82 Top-Off | Private Securities Representative Exam | 2 years |
| Series 86 and 87 Top-Offs | Research Analyst Exam | 2 years |
| Series 99 Top-Off | Operations Professional | 2 years |