FINRA Exams Quiz 01 (Series 7, 6, 63, 65)

FINRA Exams Quiz (Series 7, 6, 63, 65) Test your knowledge with these 5 key questions! The Financial Industry Regulatory Authority (FINRA) administers several licensing exams that professionals must pass to work in the U.S. securities industry. Whether you’re aiming to become a stockbroker, financial advisor, or mutual fund representative, understanding the exam structure, question weightage, and key focus areas is critical for success.

FINRA Exam Weightage Breakdown: Series 6, 7, 22, 57, 63, 65, 79, 86, 87, 99

Passing FINRA exams is crucial for securities professionals. Here’s a quick weightage guide for key FINRA tests:

1. Series 6 (Investment Company Rep)

50 Questions | Focus: Mutual Funds (50%), Variable Annuities (30%), Regulations (20%)
Key Topics: Prospectuses, 12b-1 fees, retirement accounts

2. Series 7 (General Securities Rep)

125 Questions | Heavy on: Options (17%), Prohibited Practices (18%), Customer Accounts (16%)
Must-Know: Margin trading, bond yields, suitability rules

3. Series 22 (Direct Participation Programs)

50 Questions | Focus: REITs (40%), Oil/Gas Programs (30%), Regulation (30%)
Key Topics: Tax implications, due diligence

4. Series 57 (Securities Trader)

125 Questions | Covers: Equity Trading (55%), Debt Trading (20%), Rules (25%)
Critical Areas: Market making, short sales, FINRA rules

5. Series 63 (State Securities Law)

60 Questions | Breakdown: State Regulations (45%), Ethics (30%), Disclosures (25%)
Memorize: Blue Sky Laws, fraudulent practices

6. Series 65 (Investment Adviser Law)

130 Questions | Weightage: Investments (30%), Portfolio Mgmt (25%), Regulations (25%)
Focus: Fiduciary duty, economic indicators

7. Series 79 (Investment Banking Rep)

75 Questions | Focus: M&A (30%), Underwriting (25%), Valuation (20%)
Key Topics: DCF analysis, SEC filings

8. Series 86/87 (Research Analyst)

Series 86 (Part I): 100 Questions | Analysis (60%), Valuation (40%)
Series 87 (Part II): 50 Questions | Regulations (100%)
Critical Areas: Financial modeling, research compliance

9. Series 99 (Operations Professional)

50 Questions | Covers: Settlement (30%), Compliance (40%), Risk Mgmt (30%)
Must-Know: Trade reconciliation, FINRA Rule 4370

Quick Tips

✔ Series 7/57/79 are the most challenging – focus on calculations and regulations
✔ Series 63/65/87 are heavy on rules – memorise key state and federal laws
✔ Series 6/22/99 are narrower – master the core concepts

Let’s attempt this short quiz to analyze your knowledge. You will get 10 points for each correct answer. There is no negative marking for this quiz. To be in the top 10% of the student list, score at least 80%.