Series 57 Exam: Securities Trader Exam

Formerly known as the Series 55, the Series 57 exam is administered by the Financial Industry Regulatory Authority (FINRA). Passing the Series 57 will provide an individual with the qualifications necessary to trade equity and convertible debt securities as a principal or agent and to register as a securities trader.


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Series 57 Online Study Guide

Pass your Series 57 Exam and take the next step in your career with our Free Online Study Guide provided by The Securities Institute. To begin - Click Here



Exam Details

Time Limit: 3 hours
Cost: $120 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: 125
Passing Score: 70%
Format: Multiple Choice
Prerequisites: All candidates must be sponsored by a FINRA member firm
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: Market overview and Products - 22 questions;

Function 2: Professional Conduct and Regulatory Requirements - 12 questions;

Function 3: Trading Activities – 79 questions;

Function 4: Maintaining Books and Records and Trade Reporting – 12 questions;

Total 125 Questions




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