Frequently Asked Questions

Series 26 - Investment Company Products/Variable Contracts Limited Principal Exam

  • What does the Series 26 qualify me to do?

    A Series 26 license will qualify you to function as a principal for the solicitation, purchase, and/or sale of redeemable securities of companies registered pursuant to the Investment Company Act of 1940; securities of closed-end companies registered pursuant to the Investment Company Act of 1940 during the period of original distribution only; and variable contracts and insurance premium funding programs and other contracts issued by an insurance company.

  • What score do I need to pass the exam?

    A score of 70% is required for passing. 

    Note: Your score will be rounded down to the lowest whole number (e.g. 69.9% would be a final score of 69%--not a passing score for the Series 26 Exam).

  • How many questions are on the exam?

    There are 110 scored and 10 unscored questions. These 10 unscored questions are randomly distributed so test-takers do not know which questions are not scored. The unscored questions are being tried out by the exam committee. 

  • How long is the exam?

    Two hours and 45 minutes. You are allowed to take restroom breaks during the exam; however, the clock will continue counting down. Please contact your preferred testing center for additional information.

  • How do I register to take the Series 26?

    To take the Series 26, a FINRA member firm must file a Form U4 application on your behalf through FINRA’s Central Registration Depository (CRD). At least one of the following licenses is a prerequisite to attempt the Series 26 exam:  Series 6 or Series 7. You will also have to get fingerprinted and answer a lengthy set of questions about your background.

  • How much does the exam cost?

    The cost of the exam is $150.

  • If I stop working for my firm, how long will my Series 26 license remain active?

    You will have two years between jobs before the license expires.

    When you cease working for a firm, your employer will file a Form U5 to terminate your registration. Your next employer will file a Form U4, which will re-register you. As long as you do not exceed two years between employers, your Series 65 license will remain active. 

  • How long should I prepare for this exam?

    We recommend studying 80 hours over a four-week period.

General exam questions? See our general FAQs.

For information about Solomon Series 26 exam study materials, please click here.