What is a passing score for the FINRA Series 79 exam?

This month, we’ve talked with several individuals who have taken the Series 79 Limited Representative Investment Banking exam. They reported that a passing Continue reading

This month, we’ve talked with several individuals who have taken the Series 79 Limited Representative Invesment Banking exam. They reported that a passing score was either a 72 or a 73. FINRA is grading the exam on a “floating curve.” These individuals, experienced investment bankers and M&A professionals, also reported that the exam was challenging, detailed and surprisingly mathematical.

First complete Series 79 practice exam available now!

Solomon Exam Prep has published the first complete 175 question practice exam for the FINRA Series 79 Limited Investment Banking Representative Exam. Continue reading

Solomon Exam Prep has published the first complete 175 question practice exam for the FINRA Series 79 Limited Investment Banking Representative Exam. Questions follow the format, proportion and four major content areas of the actual exam and were written by an experienced investment banker, practicing attorney and former hedge fund compliance director.

Series 79 Investment Banking Representative Classes

Recently we spoke to someone at FINRA about the new five-hour, 175 question Series 79 Investment Banking Representative exam, and while FINRA still Continue reading

Recently we spoke to someone at FINRA about the new five-hour, 175 question Series 79 Investment Banking Representative exam, and while FINRA still won’t divulge what a passing score for the exam is, their representative did tell us that a passing score on the Series 79 is in the “low seventies” like their other exams.  This score “will fluctuate over time.”   We have been told by someone who took the Series 79 exam and who has been in compliance for decades that it is “not an easy exam.”

If your firm has not created a Series 79 training program, contact Solomon Exam Prep to sign up for our exclusive Series 79 Investment Banking Representative licensing exam program offering live/interactive online classes, a Series 79 training book and a state-of-the-art practice question Series 79 exam simulator. 

With decades of teaching experience and thousands of happy customers, our Wharton, University of Chicago, Yale and Harvard-educated staff will help your firm get Series 79 candidates licensed and on their way to making your firm money!

Contact Sara DeFilippi at 503-968-6777 for more information.

NASAA and FINRA Raise Passing Score on Series 63 Exam

Effective January 1, 2010, NASAA and FINRA will raise the passing grade for the Series 63, Uniform Securities Agent State Law Examination, from 70% Continue reading

Effective January 1, 2010, NASAA and FINRA will raise the passing grade for the Series 63, Uniform Securities Agent State Law Examination, from 70% to 72%. The new raw passing score will be 43 out of 60.

NASAA Memorandum Re Passing Scores for Series 63, 65 and 66 Exams

Can listening to audio books during sleep improve exam scores?

Research at Northwestern University, published in the journal Science, suggests that playing a reinforcing audio while sleeping might improve Continue reading

Research at Northwestern University, published in the journal Science, suggests that playing a reinforcing audio while sleeping might improve retention of information already learned.

Science Online

Northwestern University

NASAA and FINRA raise the bar for the Series 65 and Series 66 Exams

Effective January 1, 2010, the NASAA and FINRA will raise the passing grade for the Series 65, Uniform Investment Adviser Law Examination, from 68.5% to Continue reading

Effective January 1, 2010, the NASAA and FINRA will raise the passing grade for the Series 65, Uniform Investment Adviser Law Examination, from 68.5% to 72% and for the Series 66, Uniform Combined State Law Examination, from 71% to 75%.

For more information see
NASAA Website

Study and Test-taking Tips From Memory Research

Research shows that time spent studying is a very important factor in how much you learn. For example, it has been shown that simply reading material Continue reading

Research shows that time spent studying is a very important factor in how much you learn. For example, it has been shown that simply reading material twice, rather than once, greatly improves memory retention. However, time is not the only factor in learning and in preparing for an exam. The quality of time spent studying is also critically important. For example, rather than trying to learn something all at once, try to pace your learning over a longer period of time and take breaks. So called “spaced” or “distributed” learning is much more effective than “cramming” at the last minute. Testing yourself has also been shown to substantially increase long-term recall which means that the more quizzes and practice questions you do, the better prepared you will be for your exam. Finally, studies show that mnemonics help, especially those that create a mental image.

One last word of wisdom: avoid overconfidence at all costs! Studies show it is among the top reasons people do poorly on exams.

NASAA announces important changes to Series 63, 65 and 66 exams

NASAA announces important changes to Series 63, 65 and 66 exams Continue reading

NASAA announces important changes to Series 63, 65 and 66 exams

Series 65: new topics will include capital markets theory and special accounts such as college savings plans, also, the question distribution will change. In addition, the number of questions under Legal, Regulations and Guidelines, including Prohibition on Unethical Business Practices will decrease from 45 to 40.

Series 66: new topics will include capital markets theory and special accounts such as college savings plans, also, the question distribution will change. Specifically there will be fewer legal questions and significantly more questions on Economic Factors and Business Information, Investment Vehicle Characteristics and Client Investment Recommendations and Strategies.

Series 63: no new topics but question distribution will change.

(PDF) More about changes to the Series 63, 65 and 66 exams.

IRS Pension Plan Limits for 2010

Deflation notwithstanding, the IRS has announced that in 2010 the maximum contribution to a 401 (k) and other defined contribution plans will stay Continue reading

Deflation notwithstanding, the IRS has announced that in 2010 the maximum contribution to a 401 (k) and other defined contribution plans will stay the same. Defined benefit limits will also stay the same. See IRS announcement