How do I register to take the Series 62?

To take the Series 62, a FINRA member firm must file a Form U4 application on your behalf through FINRA’s Central Registration Depository (CRD). There are no prerequisites to take the Series 62; however, you will have to get fingerprinted and answer a lengthy set of questions about your background.

What does the Series 62 qualify me to do?

The Series 62 license qualifies you as a representative for the sale of public offerings and/or private placements of corporate stocks, corporate bonds, rights, warrants, real estate investment trusts, collateralized mortgage obligations, and securities of closed-end companies registered pursuant to the Investment Company Act of 1940, repos and certificates of accrual on corporate securities; securities traders; mergers and acquisitions; venture capital; corporate financing; ETFs and hedge funds. 

How long should I prepare for this exam?

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

What score do I need to pass the exam?

A score of 70% is required for passing. 

Note: Scores are rounded down to the lowest whole number, so a 69.9% would be a final score of 69%-- not a passing score for the Series 62 Exam.

How many questions are on the exam?

There are 115 scored and 5 unscored questions. These 5 unscored questions are randomly distributed so test-takers do not know which ones they are. The unscored questions are being tried out by the exam committee.

How long is the exam?

Two and half hours.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 much does the exam cost?

The cost of the exam is $95 at this writing.

If I stop working for my firm, how long will my Series 62 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 62 license will remain active.