How hard is it to get a Series 6 license?

The Financial Industry Regulatory Authority (FINRA) recently reported a 59\% pass rate for first-time exam takers. This demonstrates the difficulty of the exam and supports the need for adequate preparation. If you do not pass the Series 6 exam, you will have to wait 30 days before you are eligible to take it again.

Can anyone take a Series 6 exam?

Requirements for Series 6 Candidates must be sponsored by a member of FINRA or a self-regulatory organization (SRO) to take the exam. There is no prerequisite for the exam, but the Securities Industry Essentials (SIE) exam is a corequisite for Series 6. Before Oct.

How much does a Series 6 license cost?

The Series 6 costs $40. Once you pass the Series 6, you need to register your new license with FINRA. You must also participate in FINRA’s continuing education requirements and sponsored by a FINRA registered company in order to maintain the Series 6 license.

Where can I take the Series 6 exam?

Schedule your exam on Prometric, or call them at (800) 578-6273. Have your FINRA ID Number, phone number, and name of the exam (Series 6) ready. There is no fee due when scheduling the exam with Prometric.

How long does it take to study for the Series 6?

40 to 60 hours
Most candidates spend 40 to 60 hours studying for the FINRA Series 6 exam.

How do I get a health and life insurance license?

How do I earn a life insurance license?

1. Complete any prelicensing education required by the state you want to become licensed in. The number of hours you’ll have to complete and the cost vary by state.
2. Pass the state insurance licensing exam for life insurance or life and health insurance.
3. Pass a background check.

How long is Series 6 good for?

After you pass the Series 6 exam, you have exactly two years to complete the continuing education requirement. You must then complete certain continuing education requirements every three years until you end your registration. Most of these continuing education classes may be completed online.

What can I do with a series 6 and 63 license?

What Can You Do With Series 6 and 63 Licenses

1. Mutual funds (closed-end funds on the initial offering only)
2. Variable annuities.
3. Unit Investment Trusts.
4. Variable life insurance products.
5. Municipal fund securities (e.g. 529 savings plans, local government investment pools) (LGIPs)

Who can sponsor a Series 6 exam?

FINRA member
To take the Series 6 exam, you must be sponsored by a FINRA member firm or a self-regulatory organization (SRO). Firms apply for candidates to take the exam by filing a Uniform Application for Security Industry Registration or Transfer (Form U4).

Is the Series 6 or 7 harder?

The Bottom Line Of the two, the Series 7 is the tougher but more comprehensive exam. It allows you to deal with almost any type of security, from stocks to bonds to investment trusts and funds, that a professional or retail investor would want.

How long is the series 6 license good for?

If you end your job, your employer will automatically terminate your registration and Series 6 license. As long as you re-register with a new company within two years, your license will remain valid. If you decide not to register with a new company within those two years, FINRA may ask you to re-take the Series 6 exam.

How do I get sponsored for Series 6 registration?

Before registering to take the Series 6 Exam, one must be sponsored by a FINRA member firm. The firm applies for candidates to take the examination by filing a Uniform Application for Securities Industry Registration or Transfer (Form U4). The firm will also pay the examination fee through FINRA’s Central Registration Depository (CRD).

How to pass series 6?

To take the Series 6 exam , you must be sponsored by a FINRA member firm. The firm files a Form U4 application on your behalf through FINRA’s Central Registration Depository (CRD). Candidates must pass the co-requisite Securities Industry Essentials (SIE) exam in addition to the Series 6 to obtain the Series 6 license.

What is a series 6 license used for?

Series 6 is a securities license entitling the holder to register as a limited representative and sell mutual funds, variable annuities and insurance premiums. Holders of the Series 6 license are not permitted to sell corporate or municipal securities, direct participation programs and options.