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.
|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|
|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