3 Client Investment Recommendations and Strategies30%
4 Laws, Regulations, and Guidelines Including Prohibition on Unethical Business Practices30%
Exam Details
Question TypesMultiple Choice
FormatLinear
Online ProctoringAvailable
ID RequirementsTwo forms of ID required: one government-issued photo ID (primary) and one secondary ID. Name on ID must match FINRA registration exactly.
RenewalRequired -- FINRA licenses remain active as long as registered with a member firm. Regulatory Element continuing education required within 120 days of 2-year anniversary, then every 3 years. Firm Element CE also required annually. If registration lapses, must retake exam after 2+ years of inactivity.
Retake Policy30-day waiting period after first and second failed attempts. 180-day waiting period after third failed attempt and any subsequent failures. Full exam fee required for each retake.