Next month both MSRB and FINRA exam fees will increase. Effective April 1, 2015, individuals who register for one of the following exams will be charged the new rates… Continue reading
Next month both MSRB and FINRA exam fees will increase. The Municipal Securities Rulemaking Board (MSRB) will raise their development fee for professional qualification exams from $60 to $150. In addition, the Financial Industry Regulatory Authority (FINRA) will also raise their exam fees by approximately $5-$15 per exam. Effective April 1, 2015, individuals who register for one of the following exams will be charged the new rates:
[Old rate] new rate
Series 4 – Registered Options Principal [$100] $105
Series 6 – Investment Company Products/Variable Contracts Representative [$95] $100
Series 7 – General Securities Representative [$290] $305
Series 9 – General Securities Sales Supervisor – Options Module [$75] $80
Series 10 – General Securities Sales Supervisor – General Module [$120] $125
Series 11 – Assistant Representative – Order Processing [$75] $80
Series 14 – Compliance Official [$335] $350
Series 16 – Supervisory Analyst [$230] $240
Series 17 – Limited Registered Representative [$75] $80
Series 22 – Direct Participation Programs Representative [$95] $100
Series 23 – General Securities Principal Sales Supervisor Module [$95] $100
Series 24 – General Securities Principal [$115] $120
Series 26 – Investment Company Products/Variable Contracts Principal [$95] $100
Series 27 – Financial and Operations Principal [$115] $120
Series 28 – Introducing Broker-Dealer Financial and Operations Principal [$95] $100
Series 37 – Canada Module of S7 (Options Required) [$175] $185
Series 38 – Canada Module of S7 (No Options Required) [$175] $185
Series 39 – Direct Participation Programs Principal [$90] $95
Series 42 – Registered Options Representative [$70] $75
Series 51 – Municipal Fund Securities Limited Principal [$95] $105 + $150 = $255
Series 52 – Municipal Securities Representative [$120] $130 + $150 = $280
Series 53 – Municipal Securities Principal [$105] $115 + $150 = $265
Series 55 – Limited Representative – Equity Trader [$105] $110
Series 62 – Corporate Securities Limited Representative [$90] $95
Series 72 – Government Securities Representative [$105] $110
Series 79 – Investment Banking Qualification Examination [$290] $305
Series 82 – Limited Representative – Private Securities Offering [$90] $95
Series 86 – Research Analyst – Analysis [$175] $185
Series 87 – Research Analyst – Regulatory [$125] $130
Series 99 – Operations Professional [$125] $130
This information came from http://www.finra.org/sites/default/files/rule_filing_file/SR-FINRA-2015-006.pdf and http://www.msrb.org/~/media/Files/SEC-Filings/2015/MSRB-2015-01.ashx?la=en