An exam administered by the National Association of Securities Dealers (NASD) that will provide an individual with the qualifications necessary to become a principal who supervises and manages sales activities for investment companies and annuities.

Time Limit:	2 hours and 30 minutes
Number of Questions:	110 questions
Passing Score:	70%
Format:	Multiple Choice
Enrolment Fee:	$75 US as of August 2006. Note that this is the examination enrollment fee ONLY--other fees may also apply. Please visit the NASD Registration/Exam Fee Schedule for more information.
Prerequisites:	Successful completion of the Series 6 or Series 7 exam.
Exam Date(s):	Any Weekday
Exam Locations:	Find your U.S. or international exam center here
Official Exam Website:	www.nasd.com

For an in-depth breakdown of the above topics, refer to the PDF study outline provided by the NASD here.

• Commingling • Employee Retirement Income Security Act - ERISA • Investment Advisor • Prospectus

• Separate Account • Simplified Employee Pension - SEP • Uniform Gifts to Minors Act - UGMA