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Series 27 Test BreakdownAre you considering taking the Series 27 exam from the FINRA? This exam, which has the full title of Financial and Operations Principal Qualifications Examination, is one of several offered by the Financial Industry Regulatory Authority for people seeking to qualify to become a principal in a brokerage firm or other financial services company. If you're familiar with the industry, you're already aware that principals are the people who hold the power in a financial or brokerage company. If becoming a financial and/or operations principal is a career goal of yours, and your firm will sponsor you to take the test, you'll want to sit for the Series 27 exam. The cost to take the test is $85, and you should be able to take it at a testing center in any fairly large city. In most cases you can take the Series 27 exam at your convenience on any day except Sunday. You'll want to check with the nearest testing center for the specifics of scheduling a day to take the Series 27. As is the case with most FINRA exams, you won't be allowed to bring in scratch paper or a calculator, but they will be provided if you request them. The exam consists of 145 multiple choice questions, and you'll need to answer at least 102 correctly to achieve the minimum passing score of 70%. Topics covered include financial responsibility laws, reporting requirements, the rules on extending credit in the securities market, keeping and maintaining records in your firm, the governing laws of the Municipal Securities Rulemaking Board, protecting clients and their money, the various requirements concerning minimum net capital in the industry, etc. The Series 27 test is quite challenging, but so is being the chief financial officer or other principal of a brokerage firm, and by passing the Series 27 exam you'll demonstrate that you have a thorough understanding of what the job involves. Click Here for
Series Test Breakdown
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