If you’re looking for Series 66 tips, below we discuss what’s most important for the Series 66 Exam.
Series 66 Tips: Laws and Analyses
The Series 66 exam is usually a surprise for most people. It is often taken after the Series 7 Exam. At that point, most people have breathed a sigh of relief, only to find the Series 66 is not that much easier – if at all!
Despite the core of the Series 66 Exam being a law exam, the remainder – about 50% – is a hodgepodge of topics.
That said, a very significant portion of that hodgepodge includes many questions related to analysis. We highly recommend that you spend a little extra time in these sections. These sections are often what cause problems for many on the actual exam. The sections you may want to focus on include the Rule of 72, calculating total return, present value and future value, net present value, and the internal rate of return.
Though technical in nature, these sections often require a basic understanding in order to be successful.
How to Study
Study these more technical sections with a combination of memorization and practice questions.
When it comes to the laws and regulations, mostly covered under the Uniform Securities Act, we recommend that you first read through the regulations and understand them, and then start on practice questions.
Having a core understanding is very important. However, you will also want to get a sense of the multitude of scenarios possible. You will find that many of the laws have exemptions and special cases.
If you can see as many scenarios as possible, you’ll better understand how the laws and regulations get applied. Everything from registering securities with the state, to registering transactions with the state, when an administrator has jurisdiction in a state, and when securities needs specific types of registration, are all fair game.
Much like the SIE exam, this exam has a variety of topics. It is a longer exam and requires a lot of concentration. Make sure to give it the time it deserves. Focus on the core sections that matter (listed above)! For more help, feel free to reach out! Good luck!