SERIES 66 EXAM IS A STATE TEST, THUS THE SERIES 66 ASKS QUESTIONS ON THE STATE UNIFORM SECURITIES ACT


 In contrast to exams created and sponsored by FINRA,  the Series 66 is a test designed and created by the North American Securities Administrators Association (NASAA) to serve as the test required by various states for those seeking to become registered as investment adviser representatives.

 Therefore, a candidate should expect to see questions on provisions of the Model Uniform Securities Act as it relates to registration of investment advisers, their I.A. reps, exemptions from registration for certain advisers, and notice filing requirements for federal covered advisers. The Series 66 also includes questions on the definition of a broker/dealer, the requirement to keep books and records, and proper supervisory requirements for both brokers and advisers.

 Also, if you are a candidate for the Series 66 exam, be prepared for questions on regulation of agents of broker/dealers, and the requirement for registration in each state in which a broker/dealer or adviser does business and has an office.

 All in all, there are about 18 questions on the Series 66 exam based on the registration provisions of the Model Uniform Securities Act.

 Bob Eder's book, Study for the Series 66 Exam, has full coverage of the Model Uniform Securities Act, treating in detail all of the subjects mentioned above.

 Bob Eder's book is available from Amazon both in paperback and Kindle e-book versions. Here is a link to Study for the Series 66 Exam on Amazon.

 Here is a link to NASAA's Study Outline for the Series 66 Exam. Note Section IV, A, B, C, D, E and F.


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