Guides

FINRA and Series Exam Guides

Evergreen anchor guides for SIE, representative, principal, municipal, futures, and state-law exams. Each guide covers exam format, difficulty, prep plan, career paths, FAQs, and how to use premium practice tests effectively.

Updated May 2026

Exam Anchor Guides

Start with the exact exam you need, then follow related guides for prerequisite, state-law, supervisory, or product-specific paths.

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Essentials

Core licensing entry points and foundational exam paths.

Representative

Front-line rep licenses covering customer-facing securities business.

Principal & Supervision

Supervisory, operations, analyst, and principal-level responsibilities.

Series 4

Series 4 Exam Guide

Build options supervision instincts before exam day.

125questions195minutes72%pass
Series 9 & 10

Series 9 & 10 Exam Guide

Drill supervisory judgment, review workflows, and branch controls.

200questions330minutes70%pass
Series 14

Series 14 Exam Guide

Sharpen supervisory and compliance judgement for firm-level oversight.

110questions180minutes70%pass
Series 16 Part 1

Series 16 Part 1 Exam Guide

Practice the rules behind research supervision and public communications.

50questions90minutes70%pass
Series 16 Part 2

Series 16 Part 2 Exam Guide

Build confidence on valuation methods and analyst review standards.

50questions120minutes70%pass
Series 23

Series 23 Exam Guide

Review suitability, supervision, and supervisory principal obligations.

100questions150minutes70%pass
Series 24

Series 24 Exam Guide

Prepare for principal-level supervision across the full broker-dealer stack.

150questions225minutes70%pass
Series 26

Series 26 Exam Guide

Train supervisory workflows for investment company and variable products.

110questions165minutes70%pass
Series 27

Series 27 Exam Guide

Work through the formulas and reporting logic behind FINOP responsibility.

145questions225minutes69%pass
Series 28

Series 28 Exam Guide

Practice the operational controls most relevant to introducing firms.

95questions120minutes69%pass
Series 39

Series 39 Exam Guide

Focus on supervisory judgments for DPP business lines.

100questions135minutes70%pass
Series 86 & 87

Series 86 & 87 Exam Guide

Combine analytical rigor with research-report compliance practice.

135questions375minutes73%pass
Series 99

Series 99 Exam Guide

Strengthen operational process knowledge with scenario-heavy drills.

50questions90minutes68%pass

Municipal

Municipal securities and advisory exam tracks.

Futures & Forex

Commodity, futures, and forex-focused licenses.

Provider Comparison Guides

Compare FraserExam against common FINRA prep providers when you are choosing between a course-first study path and a practice-first exam system.

Comparison

Best Kaplan Alternative for FINRA Prep

Compare Kaplan with FraserExam for SIE and Series exam practice, pricing, and workflow fit.

Comparison

Best STC Alternative for FINRA Exam Prep

Compare study workflow, pricing style, free practice, caveats, and best-fit candidates.

Comparison

Best Achievable Alternative for FINRA Exam Prep

Compare study workflow, pricing style, free practice, caveats, and best-fit candidates.

Comparison

Best Pass Perfect Alternative for FINRA Exam Prep

Compare study workflow, pricing style, free practice, caveats, and best-fit candidates.

Comparison

Best Knopman Marks Alternative for FINRA Exam Prep

Compare study workflow, pricing style, free practice, caveats, and best-fit candidates.

Comparison

Best Training Consultants Alternative for FINRA Exam Prep

Compare study workflow, pricing style, free practice, caveats, and best-fit candidates.

Comparison

Best Kaplan Alternative for FINRA Exam Prep

Compare study workflow, pricing style, free practice, caveats, and best-fit candidates.

Comparison

Best ExamFX Alternative for FINRA Exam Prep

Compare study workflow, pricing style, free practice, caveats, and best-fit candidates.

Comparison

Best Solomon Exam Prep Alternative for FINRA Exam Prep

Compare study workflow, pricing style, free practice, caveats, and best-fit candidates.

Comparison

Best Series Exam Prep Alternative for FINRA Exam Prep

Compare study workflow, pricing style, free practice, caveats, and best-fit candidates.

Comparison

Best Wiley Alternative for FINRA Exam Prep

Compare study workflow, pricing style, free practice, caveats, and best-fit candidates.

Comparison

Best SecuriTip Alternative for FINRA Exam Prep

Compare study workflow, pricing style, free practice, caveats, and best-fit candidates.

Comparison

Best Spark Study Alternative for FINRA Exam Prep

Compare study workflow, pricing style, free practice, caveats, and best-fit candidates.

Comparison

Best CFP Board Alternative for FINRA Exam Prep

Compare study workflow, pricing style, free practice, caveats, and best-fit candidates.

Comparison

Best Series 7 Quizzer Alternative for FINRA Exam Prep

Compare study workflow, pricing style, free practice, caveats, and best-fit candidates.

Comparison

Best FINRA Test Prep Alternative for FINRA Exam Prep

Compare study workflow, pricing style, free practice, caveats, and best-fit candidates.

General Study Strategies

Use these evergreen study notes for memory, pacing, and exam-day strategy across licensing paths.

Candidate Search Guides

Articles answering the specific questions candidates search for: how to pass, what each exam is, how hard it is, which exam to choose, and more.

How-To

How to Pass the Series 7 Exam: A Step-by-Step Strategy

Proven strategy to pass the Series 7 exam: study plan, topic weights, practice methods, common mistakes, and how to use timed mock exams eff

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How-To

How to Pass the SIE Exam: Complete Preparation Guide

Everything you need to pass the SIE exam: study plan, topic focus areas, practice strategies, common mistakes, and how to use free practice

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VS

Series 65 vs Series 66: Which Exam Should You Take?

Compare the Series 65 and Series 66 exams: content, format, career paths, and which one makes sense for your situation. Clear guidance for c

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VS

Series 7 vs Series 63: What Is the Difference and Do You Need Both?

Understand the difference between the Series 7 and Series 63 exams, whether you need both, and how they fit into your licensing path.

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Quick Facts

How Many Questions Are on the Series 7 Exam?

The Series 7 has 125 scored questions plus 10 unscored pretest questions. Learn the full breakdown by topic, timing strategy, and how to pac

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Difficulty

How Hard Is the SIE Exam? Honest Difficulty Assessment

An honest look at SIE exam difficulty: pass rates, hardest topics, common failure reasons, and how to prepare so you pass on the first attem

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Career

FINRA Exam Career Paths: Which License Do You Need for Your Target Role?

Map your target career to the right FINRA exam: financial advisor, investment banker, trader, compliance officer, branch manager, and more.

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Cost

FINRA Series Exam Fees: Complete Cost Breakdown

Every FINRA exam fee in one place: registration costs, study material budgets, retake fees, and how to plan your licensing budget.

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Overview

What Is the Series 65 Exam? Everything You Need to Know

A complete overview of the Series 65 exam: what it is, who needs it, how it differs from the Series 66, format, topics, and how to prepare.

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Overview

What Is the Series 66 Exam? Complete Overview for Candidates

Everything about the Series 66 exam: what it qualifies you for, how it combines the 63 and 65, format, topics, and preparation strategy.

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How-To

How to Pass the Series 63 Exam: Study Plan and Strategy

Step-by-step strategy to pass the Series 63 exam: study plan, focus topics, practice methods, and common mistakes that cause candidates to f

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VS

Series 63 vs Series 66: Which State Law Exam Do You Need?

Compare the Series 63 and Series 66 exams to determine which one fits your career goals and licensing requirements.

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How-To

How to Pass the Series 65 Exam: Complete Strategy Guide

Comprehensive strategy to pass the Series 65 exam: study plan, topic focus, economics and portfolio tips, and how to use practice tests effe

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How-To

How to Pass the Series 66 Exam: Step-by-Step Strategy

Proven strategy to pass the Series 66: study plan, topic weights, regulation focus, and how to use practice tests for the combined state law

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How-To

How to Pass the Series 79 Exam: Investment Banking Guide

Complete strategy to pass the Series 79 Investment Banking exam: study plan, topic focus, M&A and underwriting tips, and practice test recom

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How-To

How to Pass the Series 24 Exam: Principal License Guide

Comprehensive strategy to pass the Series 24 General Securities Principal exam: study plan, supervision focus areas, and practice test tips.

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Overview

What Is the Series 6 Exam? Investment Company Representative Guide

Everything about the Series 6 exam: what it covers, who needs it, how it differs from the Series 7, format, topics, and preparation tips.

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Difficulty

How Hard Is the Series 7 Exam? Honest Difficulty Breakdown

An honest assessment of Series 7 exam difficulty: pass rates, hardest topics, why people fail, and how to prepare for the toughest sections.

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VS

Series 7 vs Series 79: Which Exam Do You Need for Investment Banking?

Compare the Series 7 and Series 79 exams: scope, career paths, and which one makes sense for investment banking, M&A, and capital markets ro

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How-To

Series 7 and Series 63 Combined Study Plan: Pass Both Exams

How to study for both the Series 7 and Series 63 at the same time: combined study plan, scheduling strategy, and how to maximize overlap bet

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Overview

Can You Take the SIE Exam Without Sponsorship?

Yes, you can take the SIE without a sponsor. Learn the eligibility requirements, how to register, and what to do after passing the SIE.

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Overview

Can You Take the Series 65 Without Sponsorship?

The Series 65 does not require firm sponsorship. Learn how to register independently, what it qualifies you for, and the RIA career path.

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VS

SIE vs Series 6: What Is the Difference and Which Should You Take?

Compare the SIE and Series 6 exams: content, difficulty, career paths, and which one makes sense to take first in your licensing journey.

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VS

Series 7 vs Series 65: Broker vs Adviser — Which Path Is Right?

Compare the Series 7 and Series 65 to understand the broker vs adviser career paths, exam differences, and whether you need one or both.

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How-To

FINRA Exam Study Tips: Evidence-Based Strategies That Work

Research-backed study strategies for FINRA exams: spaced repetition, active recall, timed practice, and how to build a study schedule that f

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How-To

SIE Exam Study Plan: Week-by-Week Schedule to Pass

A detailed week-by-week study plan for the SIE exam: daily tasks, topic schedule, practice question targets, and how to track your readiness

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VS

Series 7 vs Series 66: Do You Need Both for a Financial Advisor Career?

Understand the difference between the Series 7 and Series 66, why most financial advisors hold both, and how to plan your licensing path.

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How-To

How to Master Series 7 Options Questions: Complete Strategy

Options are the hardest part of the Series 7. Learn breakeven formulas, spread strategies, max gain/loss calculations, and how to practice e

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Move from reading to score improvement

Use the guides to choose your path, then switch into timed question practice, weak-topic review, and full mock exams inside FraserExam.