The North American Securities Administrators Association (NASAA) has announced that it will implement updates to the Series 63, 65 and 66 examinations on July 1, 2016.
The changes are a result of a review of the exams by NASAA and Prometric and are being put into effect to update and align skills and knowledge required by those in the securities industry.
The weighting of the exams will be modified, as will the number of questions for each topic. The passing score for the Series 63 and 65 will not change, but the Series 66 passing score will be lowered from 75% to 73%. “Everyone who has to take the Series 66 exam should be happy to hear that,” says Solomon Exam Prep President, Jeremy Solomon, “as well as anyone related to someone who has to take the Series 66 exam.”
New topics will be added to each exam, for example including more on advertising and correspondence. The Series 65 and 66 will include new areas of focus on custody obligations and anti-money laundering. Other topics on the exams will be de-emphasized, while others will be expanded, combined or renamed for the sake of clarity.
Solomon Exam Prep will be making updates and changes to its industry-leading Series 63, Series 65 and Series 66 exam study program to prepare students for the revised exams. Students will receive additional resources with updates as they are made available. Upon publication of the 2nd edition, students may request a free upgrade of their digital guide. Hard copy guides will not be replaced.
For more information, see: http://www.nasaa.org/industry-resources/exams/exam-change-announcement/