Exam Preparation - Exam Strategies

How the Questions are Meant to Confuse You
When you take the Series 66 multiple-choice exam, you will want to read all of the instructions thoroughly before starting. Taking a few moments to do this will eliminate any confusion while the clock is ticking. The last thing you want to do is run out of time.

The format of the exam is meant to confuse you and to ensure that you know your stuff inside and out. Another success strategy is to stay organized.

To stay organized, use this simple format:

State registered Other Transaction
State 1
Other Transaction
State 2 OTS2
Agent 1 Bob California Delaware New York
Agent 2 Frank California
Agent 3
B/D 1 Big Sky Montana California
B/D 2
B/D 3
Cust 1 Frank
Cust 2
Cust 3


Transaction type? Sale of municipal securities by Bob in Delaware - not fraudulent, the security was exempt.

You will notice that this grid gives you a simple way to keep track of the agents and broker-dealers, their respective registration states, and where transactions occurred. While this may seem very basic, you will find that many of the exam questions are quite confusing, citing different firms and places. Using this format (at least while taking the practice exams) will help you keep all of the information clear in your head.


Exam Tips and Tricks
Remember, the test is timed, and you can always flag a question for review. If you do this, you can quickly return to the question after you have finished answering the rest. This will save you time.

Multiple Choice Exams


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