Series 66

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The Uniform Combined State Law Examination, or Series 66, is designed to qualify candidates as both investment adviser representatives and securities agents. The Series 66 exam tests candidates on subjects considered necessary to provide investment advice to clients and also effect securities transactions on their behalf.

Note: A Series 66 exam candidate must obtain Series 7 registration before applying to register with a state. A candidate may take either the Series 7 exam or the Series 66 exam first, but BOTH must be completed satisfactorily prior to registering with the state.

The Series 66 is a 2 1/2 hour, 100 multiple-choice question exam categorized as follows:

Category	Questions	% of Exam
Investment Analysis, Recommendations, and Strategies	20	20%
Legal and REgulatory Guidelines, including Prohibition on Unethical Practices	80	80%
Relevant Aspects of State Securities Acts and Related Rules and Regulations	37
Ethical Practices and Fiduciary Obligations	43

To pass the Series 66, a 70% is required (70 out of 100 questions must be answered correctly).

Series 66 Exam Fee: $110.00
(Effective January 1, 2005)