Is the Series 6 exam difficult?
Is the Series 6 exam difficult?
A: The Series 6 exam is fairly difficult. FINRA reports that the pass rate for the exam is only 58%. Make sure to study well ahead of time if you want to pass on your first try.
What should I study for Series 6?
These are the best Series 6 study guides we found:
- Securities Institute of America Series 6 Study Guide.
- Securities Training Corporation Series 6 Review Guides.
- ExamFX Series 6 Review Guides.
- Knopman Marks Series 6 Exam Prep Guide.
- Kaplan Series 6 Exam Review.
- NRS Series 6 Exam Prep Guide.
How long do you need to study for Series 6?
40 to 60 hours
Most candidates spend 40 to 60 hours studying for the FINRA Series 6 exam.
What does Series 6 let you do?
With a Series 6 license, you are able to sell mutual funds, variable annuities, variable life insurance, unit investment trusts (UITs), and municipal fund securities. The Series 6 is often seen as the ideal companion license for those in the insurance industry.
Is Series 6 or 7 harder?
The Series 7 is the tougher but more comprehensive exam of the two. It allows you to deal with almost any type of security, from stocks to bonds to investment trusts and funds, that a professional or retail investor would want.
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.
Is the Series 6 or 7 harder?
What products can a Series 6 not sell?
The greatest disadvantage of a Series 6 is that holders are not authorized to sell exchange-traded funds (ETFs), or stocks and bonds, as they are considered corporate securities.
How do you get sponsored for Series 6?
The first step in acquiring a Series 6 license is for the candidate to find a broker-dealer that will agree to provide sponsorship. Some sponsors will pay the $100 fee for the Series 6 test as well as provide a negotiated salary and training during the Series 6 study portion of the process.
What can I do with a Series 6 and 63?
About Series 6 And 63 Exam And License Requirements Often paired together, the Series 6 and 63 licenses will allow you to sell securities such as mutual funds, variable annuities, and investment trusts in all states.
How much does Series 6 license cost?
$40
The Series 6 costs $40. Once you pass the Series 6, you need to register your new license with FINRA. You must also participate in FINRA’s continuing education requirements and sponsored by a FINRA registered company in order to maintain the Series 6 license.
Can I keep my Series 6 without a sponsor?
Series 6 and 63 licensing requirements are as follows: You must be sponsored by a member of FINRA (formerly NASD) or a Self-Regulatory Organization. You will not be able to sit for the Series 6 exam without a sponsor.