FINRA and NASAA launch online testing service for six securities exams

FINRA and the NASAA are now offering Prometric’s ProProctor remote assessment service which allows you to choose where and when you take your security exam. This user-friendly testing platform Continue reading

FINRA and the NASAA are now offering Prometric’s ProProctor remote assessment service  which allows you to choose where and when you take your security exam. This user-friendly testing platform offers self-service capabilities, with live agents available at all times to offer support for candidates if required. 

ProProctor features advanced security measures to ensure the same safety standard is being met comparable to conventional test centers, guaranteeing a consistent and fair testing experience for all candidates. These advanced security measures include multiple ID authentication and facial detection checks, personal security checks, 100% live-monitoring, 360-degree environmental readiness checks, live security agents, proactive protocols such as device checks, as well as record and review functionalities.

Each test candidate is assigned three agents to ensure the exam is administered safely and securely, with a proctor present throughout the entire test.

In order to access Prometric’s ProProctor system, you must install an application on your laptop or desktop and perform a system check. 

It is important to note the following difference with exams at the traditional test center: online tests via ProProctor are forward-moving only. No flagging a question and returning to it. No changing your answer.

The online exams have an onscreen calculator, a virtual scratchpad to capture your notes digitally as well as highlight and strikethrough functionality, which allow you to mark through or bring attention to the portions of the displayed exam question. 

Test-takers and firms may schedule online test appointments for the following six exams: the  SIE, Series 6, Series 7, Series 63, Series 65, and Series 66.

To find out more about this exciting new testing option, go to FINRA’S information page or go to  Prometric’s ProProctor information page.

Pandemic Study Tip: Practice With a Mask

Since Prometric test centers now require test-takers to wear a mask when taking a securities exam Continue reading

Since Prometric test centers now require test-takers to wear a mask when taking a securities exam, Solomon Exam Prep recommends that individuals studying for a securities licensing exam — such as the SIE, the Series 7 or the Series 65 — take at least one practice exam at home wearing a mask. Solomon Exam Prep’s Exam Simulator offers quizzes and timed and untimed practice exams. Wearing a mask while using the Solomon Exam Simulator will better simulate the pandemic test center experience and help you prepare for your exam.

Solomon Exam Prep, a leader in FINRA, MSRB, NASAA and NFA securities licensing exams, has helped thousands pass the SIE and the Series 3, 6, 7, 14, 22, 24, 26, 27, 28, 50, 51, 52, 53, 54, 63, 65, 66, 79, 82 and 99.

FINRA delays Online Testing Service

It was previously announced that FINRA and NASAA had been working to introduce an online testing service as an alternative to candidates taking their exam at traditional test centers, to be launched Continue reading

It was previously announced that FINRA and NASAA had been working to introduce an online testing service as an alternative to candidates taking their exam at traditional test centers, to be launched on May 24th.

FINRA has now announced that this service, which is currently in its pilot phase, requires further validation before it can be implemented and therefore will not be launched on May 24th as planned. This also means that there will be a delay in booking appointment times for the five exams that will be included in its initial launch, including the SIE, Series 6, Series 7, Series 63, and Series 66 exams.

FINRA has also updated policies for test candidates, extending enrollment windows that have either expired, or are due to expire between March 16th and June 30th, 2020. This includes all FINRA, NASAA and MSRB exam enrollment dates, with affected enrollment windows being systematically updated in CRD.

Prometric will continue to reopen test centers in accordance with local, state and federal regulations. You can check their Site Openings page, which is continually being updated. You can also read more about the Prometric policies to ensure candidate safety on their Covid-19 Update page.

If your Solomon Exam Prep materials are due to expire before June 1st, contact Customer Service on 503 601 0212 or by email at info@solomonexamprep.com for a complimentary extension until August 1st.

Masks and other new Prometric test centers requirements

Prometric has announced social distancing procedures with the re-opening of test centers. Test-takers must bring and wear a mask while at the test center. Anyone without a mask Continue reading

Prometric has announced social distancing procedures with the re-opening of test centers.  Test-takers must bring and wear a mask while at the test center.  Anyone without a mask will be denied entry and marked as a “no show.”

Other changes: 

  • Test takers will be required to stand on the ‘stand here’ sign or ‘X’ in place on the floor, designating a safe distance away from the test center employee.
  • Test takers will be seated in a manner that ensures distancing guidelines are satisfied during testing.
  • Monitoring of the test room will be done exclusively using existing DVR monitoring. Physical walk throughs will be waived unless there is adequate space to comply with local government distancing guidelines.
  • Return of scratch paper instead of dry erase boards.
  • Test center staff to clean all surfaces, including every workstation, admin desk, and proctor desk, between each test taker and at the start and end of each day.

For the full list of Prometric test center procedures and requirements, please click here.

You can also see a list of which test centers have reopened here.

Online testing service to be introduced

It has now been announced that FINRA and NASAA plan to implement a new remote testing service, which will allow exam candidates to take selected exams using a camera-equipped computer. Continue reading

Due to the COVID-19 pandemic, on March 17 Prometric closed its testing centers in the US and Canada, with these closures being extended until May 31st. It has now been announced that FINRA and NASAA plan to implement a new remote testing service, which will allow exam candidates to take selected exams using a camera-equipped computer. Exam testing will continue to be administered by Prometric, with their staff supervising the exams via video and online monitoring tools.

While this remote testing service is currently in its trial phase, FINRA plans to launch the service “in the near future” for selected exams, including the SIE, Series 6, Series 7, Series 63 and Series 66. It is expected that further exams will be included in the weeks following the launch of this innovative service.

Details will be available on FINRA’s COVID-19 information page from May 1st.  

Prometric also announced that it plans to resume testing at certain test centers on May 1st, with limited capacity to maintain safe social distancing protocols. Further information will be updated on the Prometric Coronavirus Update page.

Solomon Exam Prep is offering complimentary extensions for students who have Solomon study materials expiring before June 1st. Contact Customer Service at info@solomonexamprep.com or phone us on 503 601 0212 to have your Solomon study materials extended until August 1st.

Prometric Test Centers To Remain Closed Until May 31

In accordance with CDC and WHO guidelines, it was announced by Prometric that they will be extending the closure of their test centers nation-wide until May 31st Continue reading

In accordance with CDC and WHO guidelines, it was announced by Prometric that they will be extending the closure of their test centers nation-wide until May 31st, and plan to resume testing after that time. You can read more about the announcement on the Prometric website regarding these closures. Here, you will also find some helpful information about newly introduced social distancing policies and procedures to ensure safety during your testing appointment.

Solomon Exam Prep understands the stress that this uncertainty can bring and wish to offer free extensions for students who have materials due to expire before June 1st. We will extend these materials free of charge until August 1st. Email info@solomonexamprep.com or contact us by phone on 503 601 0212 to request your complimentary extension. Solomon Exam Prep continues to support our customers during this time and encourage you to contact us if you have any questions or concerns.

SIE Exam Bootcamp

Solomon Exam Prep is pleased announce a joint venture with University of California, Berkeley: SIE Exam Bootcamp! Continue reading

Solomon Exam Prep is pleased announce a joint venture with University of California, Berkeley: SIE Exam Bootcamp! This intensive, four-day, live class will prepare you for a career in the securities industry!

What is the SIE?
SIE stands for Securities Industry Essentials. The SIE is a fundamental exam that will launch on October 1st, making it easier for everyone to enter the securities industry. It is the new co-requisite for many FINRA licensing exams, including the Series 6, 7, 22, 57, 79, 82, and 99. The SIE Exam Bootcamp will cover every topic in the SIE exam:

1. Equity Securities
2. Debt Securities
3. Investment Companies, Life Insurance Products, & Other Packaged Securities
4. Options & Alternative Investments
5. Risk, Disclosures, & Taxation
6. Issuing Securities: The Primary Market
7. The Securities Markets
8. Customer Accounts
9. Prohibited Activities and Conduct Rules
10. Regulatory Responsibilities

Why the SIE?
Starting October 1st, passing the SIE will be the first step to getting licensed in the securities industry. If you want to get ahead of the curve, or if you need a better grasp of the basics of securities and the markets, the SIE exam course will be a thorough and valuable introduction. Students will also be provided with comprehensive study materials from Solomon Exam Prep and continued tutoring options upon completion of the SIE Exam Bootcamp.

How Can I Take The Class?
The UC Berkeley SIE Exam Bootcamp will take place August 6-9 on the UC Berkeley campus.
For more information, go to: https://executive.law.berkeley.edu/custom-options/sie-exam-bootcamp/

Time is of the essence for anyone who wants to take the Series 82 exam

Alert! Starting October 1, the number of exam questions for the Series 82 Private Securities Offerings Representative licensing category will increase from 100 questions to 125 questions. Continue reading

Alert! Starting October 1, the number of exam questions for the Series 82 Private Securities Offerings Representative licensing category will increase from 100 questions to 125 questions. That’s because starting October 1, the Series 82 exam, like all FINRA representative level exams, is being divided into two exams: the SIE (75 questions) and the Series 82 “top-off” (50 questions). More work!

But if you don’t want to take 25 additional questions, not to mention take two exams instead of one, then Solomon Exam Prep recommends you take your Series 82 exam pronto, before October 1.

Series 82 students will also be happy to know that Solomon Exam Prep has just updated its Series 82 Video Lecture with updates about Regulation D, Rule 147, and research report rules.  The Solomon Exam Prep Video Lecture is a critical piece of the Solomon Securities Exam Prep system that also includes the Exam Guide, the Audio Guide and the Exam Simulator.

Spring is in the air and there has never been a better time to take the Series 82! 

FINRA releases final SIE outline

FINRA released the final Securities Industry Essentials (SIE) exam content outline. Continue reading

Today FINRA released the final Securities Industry Essentials (SIE) exam content outline. The outline is an updated version of the draft that FINRA released as part of an earlier regulatory notice. This final content outline is now available on the FINRA website.

With the release of the SIE content outline, content outlines for the revised representative level (“top-off”) exams — the Series 6, Series 7, Series 22, Series 57 Series 79, Series 82, Series 86/87, and Series 99 — are expected to follow.

While FINRA has proposed a $60 fee for the SIE exam, it has yet to determine a passing score.

The SIE is expected to launch October 1.

For more information about the SIE or other FINRA, NASAA or MSRB securities licensing exams, visit www.solomonexamprep.com or give us a call at 503-601-0212.

FINRA Proposes $60 Fee for Securities Industry Essentials (SIE) Exam

As the Securities Industry Essentials (SIE) exam looms in the distance, FINRA is moving full steam ahead to ready the exam for its October 1 launch. Continue reading

On December 20, 2017, FINRA held its Board of Governors Meeting to discuss rule proposals and the 2018 budget. One rule that was addressed was the fee for the Securities Industry Essentials (SIE) exam. FINRA chose a fee of $60 for the exam. This rule change will be filed with the SEC and await approval sometime in the new year.

The $60 fee is considerably less than the $100 fee for the Series 6 and the $305 fee for the Series 7 exam. FINRA’s meeting notes report that the price for other exams will be reevaluated as well, to adhere to the changing securities landscape.

Jeremy Solomon, President of Solomon Exam Prep, responded to the proposed fee:

“This is another indication of how serious FINRA and the industry is about making the SIE exam as user-friendly and available as possible. Kudos to FINRA.”

For more information about the SIE or other FINRA, NASAA or MSRB securities licensing exams, visit www.solomonexamprep.com or give us a call at 503-601-0212.