Series 99 - FINRA Operations Professionals Exam

What does a Series 99 license allow me to do?

The Series 99 measures the knowledge of entry-level persons regarding duties related to operations including client on-boarding, financial control, stock loan/ securities lending, and trade confirmation and account statements.

How long should I prepare for this exam?

We recommend studying 60-80 hours over a four-week period.

What score do I need to pass the exam?

A score of 68% is required for passing. 

Note: Your score will be rounded down to the next lowest whole number (e.g. 67.9% would be a final score of 67%--not a passing score for the Series 99 exam).

How many questions are on the exam?

50 (scored) plus 5 (un-scored). The five un-scored questions are being tested by the exam committee and are randomly distributed so test-takers do now know which ones they are.

How long is the exam?

90 minutes.

Are there other FINRA exams I need to complete as a prerequisite to attempting the Series 99?

You will also be required to take the Securities Industry Essentials (SIE) exam, unless you have passed certain other licensing exams prior to October 1st, 2018. 

How much does the exam cost?

The cost of the exam is $40 at this writing.

If I stop working for my firm, how long will my Series 99 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 99 license will remain active. 

General exam questions? See our general FAQs.

For information about Solomon Series 99 exam study materials, please click here.