If you fail your first attempt at the Series 6
exam, your sponsor can submit an amendment to reopen a window in which you can write the exam again. This window will not open until 30 days after your last exam attempt. At this point, your window will be open for 90 days.
There is no requirement for a sponsor firm to terminate your employment if you fail the exam. However, every time you rewrite the exam, you must pay the required $75 qualification examination fee. Your employer may require you to reimburse the fees paid to write the exam.
After three failed attempts, you must wait six months or 180 days before you can rewrite the exam for a fourth time. The six-month waiting period is appropriate since by that point you would have paid a total of approximately $225 in qualification exam fees, and the cumulative expense by the fourth time would be $300. The six-month requirement is intended to give an individual time to ensure that he or she is prepared for the fourth exam attempt. This process can continue indefinitely, because there is no limit as to the number of times you can attempt the Series 6 exam.