Series 57
Candlefocus EditorThe series 57 exam tests one’s knowledge on trading equity and debt securities, natural securities underwriters regulations, trading, customer orders, supervision, and margin account regulations. One must answer each question correctly in order to move onto the next question. Additionally, a candidate must pass the test with a score of 70% or higher. Given the high bar set for passing, it is important that a candidate is well equipped and prepared for the exam.
In order to prepare for the Series 57 exam, there are a number of resources available. Most candidates use the Study Guide published by FINRA, which includes sample questions, but they may choose to supplement their study with courses or practice examinations. It is also important to become acquainted with any new regulations, technology and changes that may have occurred in the industry prior to sitting the exam.
Given the precision and high-stakes nature of this exam, the Series 57 is an invaluable benchmark for financial professionals. Not only does it validate one’s knowledge in the securities industry, but additionally, it certifies persons for registration in the member firm and use of automated securities trading systems. The results are also final—if a candidate does not pass the exam, he or she cannot appeal the score. Attempting to pass the exam without the sufficient preparation is generally ill-advised, as the pass rate for the Test is low.
In conclusion, the Series 57 is a comprehensive and valuable exam for professionals in the financial industry. Therefore, it is important for those seeking to obtain a license to thoroughly educate themselves and work to become proficient in the exam material. With the right dedication and preparation, the test can be passed and your career can be successfully enhanced.