The Series 66 exam (Uniform Combined State Law Examination) qualifies you as both a securities agent and an investment adviser representative in one exam. It requires the Series 7 as a corequisite.
Take the free Series 66 practice test to check your readiness.
Key takeaways
- 100 scored questions (plus 10 unscored) in 150 minutes.
- You need 73% (73 of 100) to pass.
- The exam fee is $177.
- It replaces the Series 63 + 65 combination for Series 7 holders.
USA Series 66 Exam: Quick Facts
- Developed by
- NASAA (administered by FINRA)
- Questions
- 100 scored + 10 pretest
- Time
- 150 minutes
- Passing
- 73%
- Fee
- $177
- Corequisite
- Series 7
Series 66 Exam Topics
| Section | Approx. share |
|---|---|
| Economic factors and business information | about 5% |
| Investment vehicle characteristics | about 5% |
| Client investment recommendations and strategies | about 30% |
| Laws, regulations and guidelines, incl. unethical business practices | about 60% |
Series 66 vs. Series 65
If you don’t hold (or plan to take) the Series 7, take the Series 65. If you do, the Series 66 covers both agent and adviser registration in a single, shorter exam than doing the Series 63 and Series 65 separately.
More on Series 66 vs. Series 65 →Free practice test
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Go to the USA Series 66 Exam practice test →USA Series 66 Exam FAQs
How many questions are on the Series 66?
100 scored questions and 10 unscored, with 150 minutes.
Full answer →Can I take the Series 66 without the Series 7?
You can sit for it, but the registration only becomes effective once you’ve also passed the Series 7 (and the SIE).
Full answer →How long should I study for the Series 66?
Many candidates study 50–80 hours, focusing on laws, regulations and ethics.
Full answer →Official sources
Disclaimer: This guide is for general information and is not financial, tax, insurance or investment advice. Exam details, fees, blueprints and product terms change. Confirm with the official organization or a licensed professional. Read our editorial policy.