Series 55 Exam: Equity Trader Limited Representative
The series 55 exam is administered by the Financial Industry Regulatory Authority (FINRA). Passing the series 55 will provide an individual with the qualifications necessary in order trade equity and convertible debt securities as a principal or agent.
|Time Limit:||3 hours|
|Cost:||$105 US as of August 2012. Note that this is the examination enrollment fee ONLY--other fees will also apply. Please visit the FINRA Registration/Exam Fee Schedule for more information.|
|Number of Questions:||100, plus 10 "pre-test" questions|
|Prerequisites:||Successful completion of the Series 7, Series 17, Series 37, Series 38, or Series 62 exam.|
|Exam Date(s):||Any weekday|
|Exam Locations:||Find your U.S. or international exam center here|
|Offical Exam Website:||http://www.finra.org|
Exam Topic Weights
For an in-depth breakdown of the below topics, refer to the PDF study outline provided by FINRA here.
Function 1: Trading - 45 questions;
Function 2: Order Handling - 36 questions;
Function 3: Record keeping and Regulatory Reporting – 19 questions;
Total 100 Questions