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FINRA Series 9/10: All You Need to Know to Pass

March 08, 2021

ExamFX is committed to providing professionals in the financial services industry with the highest quality exam preparation. The FINRA Series 9 and 10 General Securities Sales Supervisor courses are part of our securities training program.

 

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All ExamFX’s securities courses are developed under exacting standards. That’s why Investopedia* recently rated multiple ExamFX securities courses as Best Overall, Most Comprehensive, and Best Value among competitors. Our goal is to provide you with the best opportunity to pass your Series 9 and 10 exams. We guarantee users who successfully complete the Guarantee Exam will pass their qualification exam on their first attempt.

Series 9/10 Overview

Although commonly referred to as the Series 9/10, these exams are actually structured as two separate tests. Candidates may sit for both exams on the same day or schedule them separately on different days. However, you must pass both exams within two years to register as a General Securities Sales Supervisor.

 

Series 9/10 registrants are authorized to supervise sales activities of a broker/dealer. The primary areas overseen by General Securities Sales Supervisors are:

  • Corporate Securities
  • Closed-End Funds
  • Money Market Funds
  • REITs
  • Equity Options
  • Mutual Funds
  • Variable Insurance Contracts
  • Government Securities
  • Direct Participation Programs

An important distinction regarding the Series 9/10 registration is that it only qualifies an individual to supervise sales activities. General Securities Sales Supervisors are not authorized to manage the underwriting, trading, or compliance areas of the business.

Who Can Take the Exam?

Candidates must be sponsored by a FINRA member firm and must first pass both the SIE and Series 7 exams to sit for the Series 9/10.    

Series 9 and 10 Exam Details

The Series 9 exam consists of 55 multiple-choice questions. Candidates are given one hour and 30 minutes to complete the exam and must achieve a score of 70% to pass.

 

The Series 10 exam consists of 145 multiple-choice questions. Candidates are given four hours to complete the exam and must achieve a score of 70% to pass.

What Is Covered on the Series 9/10?

The topics covered on the Series 9/10 are organized by major job functions as follows:

 

Series 9

  • (F1) Supervise the Opening and Maintenance of Customer Options Accounts (33%)
  • (F2) Supervise Sales Practices and General Options Trading Activities (34%)
  • (F3) Supervise Options Communications (9%)
  • (F4) Supervise Associated Persons and Personnel Management Activities (24%)

Series 10

  • (F1) Supervise Associated Persons and Personnel Management Activities (19%)
  • (F2) Supervise the Opening and Maintenance of Customer Accounts (34%)
  • (F3) Supervise Sales Practices and General Trading Activities (36%)
  • (F4) Supervise Communications with the Public (11%)

The FINRA Series 9/10 Content Outline provides a comprehensive overview of both exams. We recommend candidates review the outline in detail.

How to Schedule the Exam

Scheduling the Series 9/10 is a coordinated effort between you and your sponsor.

 

It is recommended that you schedule your exams well in advance in order to select the dates and times that works best for you.

 

Please be sure to visit Prometric’s website to review their testing center policies.

Passing the Series 9/10

Passing the General Securities Sales Supervisor exam is a great way to advance your career in the financial services industry and is well-worth the hard work it takes.

 

The exam is challenging and passing it will take time and effort.

 

The key to passing on the first attempt will be proper preparation. With over two decades in the industry, ExamFX is among the most experienced exam prep providers. We are leaders and innovators in online adaptive learning, and that is why we confidently recommend the ExamFX Series 9/10 courses to you.

Register with ExamFX today

Please visit our website to enroll, you will find study tools that fit all learning preferences and packages to fit any budget.

 

If you have any questions, feel free to contact us.

 

*Investopedia is a financial and investor education resource website.

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