FINRA'S New Fees For Changing or Canceling a Securities Exam

FINRA has published the following fees for test takers who change or cancel their exams between 3- 10 days of their test date:


Series 3 Exam
National Commodity Futures (CR)
Fee $52.50

Series 4 Exam
Registered Options Principal (OP)
Fee $45.00

Series 6 Exam
Investment Company Products/Variable Contracts Representative (IR)

Fee $42.50

Series 7 Exam
General Securities Representative (GS)

Fee $132.50

Series 9 Exam
General Securities Sales Supervisor Options Module (SU)

Fee $35.00

Series 10 Exam
General Securities Sales Supervisor General Module (SU)

Fee $55.00

Series 11 Exam
Assistant Representative-Order Processing (AR)

Fee $35.00

Series 14 Exam
Compliance Officer (NYSE-CO)

Fee $160.00

Series 16 Exam
Supervisory Analyst (NYSE-SA) [one or two parts depending on NYSE requirements]

Fee $52.50

Series 17 Exam
Limited Registered Representative (IE)

Fee $35.00

Series 22 Exam
Direct Participation Programs Representative (DR)

Fee $42.50

Series 23 Exam
General Securities Principal Sales Supervisor Module (GP)

Fee $42.50

Series 24 Exam
General Securities Principal (GP)

Fee $52.50

Series 26 Exam
Investment Company Products/Variable Contracts (IP)

Fee $42.50

Series 27 Exam
Financial and Operations Principal (FN)

Fee $52.50

Series 28 Exam
Introducing Broker/Dealer Financial and Operations Principal (FI)

Fee $42.50

Series 30 Exam
Branch Managers Examination - Futures

Fee $35.00

Series 31 Exam
Futures Managed Funds Examination

Fee $35.00

Series 32 Exam
Limited Futures Exam-Regulations

Fee $35.00

Series 34 Exam
Retail Off-Exchange Forex Examination

Fee $35.00

Series 37 Exam
Canada Module of S7 (CD) [Options Required]

Fee $80.00

Series 38 Exam
Canada Module of S7 (CN) [No Options Required]

Fee $80.00


Series 55 Exam
Limited Representative-Equity Trader Examination (ET)

Fee $47.50

Series 56 Exam
Proprietary Trader Examination (PT)

Fee $40.00

Series 62 Exam
Corporate Securities Limited Representative (CS)

Fee $40.00

Series 63 Exam
Uniform Securities Agent State Law Exam (AG)

Fee $48.00

Series 65 Exam
NASAA-Investment Advisors Law Exam (RA)

Fee $67.50

Series 66 Exa
NASAA-Uniform Combined State Law Exam (AG and/or RA)

Fee $64.00

Series 72 Exam
Government Securities Representative (RG)

Fee $47.50

Series 79 Exam
Limited Representative - Investment Banking (IB)

Fee$132.50

Series 82 Exam
Limited Representative-Private Securities Offerings (PR)

Fee $40.00

Series 86 Exam
Research Analyst (RS) Part I Analysis Module

Fee $80.00

Series 65 Exam Concept

Here is an example of how to calculate the future value of a sum of money invested today at a specified rate of return. It is helpful when planing for a future expense such as retirement or college expenses.

The formula is as follows:
T
FV = PV (1 + R)

FV = Future Value
PV = Present Value
R = Interest rate
T = The number of compounding periods for which the money will be invested

Example:

FV = ?
PV = $1,000
R = 5%
T = 5 years compounded annually
5
FV = $1,000 (1 +.05)
FV = $1,000 (1.276)

FV = $1,276

10
FV = $1,000 (1 +.025)
FV = $1,000 (1.28)

FV = $1,280

Should I take The Series 65 or Series 66 Exam ?

Many students wrestle with this question. The series 66 combines both the series 63 and series 65 registration. However, the passing score for the series 66 is 75% while the passing score for the series 65 is 72%. If you already have your series 63 registration the series 65 is definitely the way to go. Additionally if you live in a state that does not require the series 63 the series 65 is again the way to go. Keep in mind that the series 7 is the co requisite for the series 66. That is you can not conduct any business after passing the series 66 without passing the series 7 as well. Take some free series 65 test questions on our site at:

http://www.securitiesce.com/web/pages/series65/index.php

SIPC Changes Coverage For Cash Held In Brokerage Accounts

SIPC has increased the amount of coverage for cash held in brokerage accounts from $100,000 to $250,000. Overall SIPC coverage remains unchanged at $500,000 per separate customer.

Series 6, Series 7, Series 24, and Series 62 test takers should be aware of the change to coverage.


Take some free exam questions on our site at: www.securitiesce.com