Series 56 Securities Exam – Securities License Exam Preparation

On January 4, 2016, the Series 56 exam was replaced by the Series 57. Please see Regulatory Notice 15-45 for more information.

Series 56 Securities Exam — Proprietary Traders Qualification The Series 56 Securities Exam — Proprietary Traders Qualification — is designed to test a candidate’s knowledge of

applicable products, securities markets, trading and reporting practices, investment strategies, and anti-fraud provisions as applicable to the role of a proprietary trader.

No Prerequisite | $195 Test Fee (Form U-4) | 2 1/2 hour time limit

Test Topics & Approximate Test Questions

Section Description Points
1 Personnel; Business Conduct; Record keeping and Reporting Requirements 9
2 Markets; Market Participants; Exchanges; and Self Regulatory Organizations 8
3 Types and Characteristics of Securities and Investments 20
4 Trading Practices and Prohibited Acts 50
5 Display; Execution; and Trading Systems 13
****Total Points**** ***100***


Series 56 Securities Exam – Securities License Exam Preparation

On January 4, 2016, the Series 56 exam was replaced by the Series 57. Please see Regulatory Notice 15-45 for more information.

Series 56 – Exam Study Book

The exam is weighted heavily towards options trading rules, but also includes equity trading rules. The Pass Perfect Series #56 Study Program is designed to cover all items tested on the examination while making the most effective use of a candidates time. The course is divided into 5 chapters:

  • Equity Securities
  • Options Strategies
  • Trading Markets
  • Trading Practices
  • Trading Systems

Each chapter is divided into Sections, followed by Section Examinations. In addition, there are five (5) 100 question simulated #56 Final Exams.

On January 4, 2016, the Series 56 exam was replaced by the Series 57. Please see Regulatory Notice 15-45 for more information.

Series 56 – DATABANK of Final Exams

Designed to complement our Printed Materials, Series 56 DATABANK Practice Exams software is a convenient and effective method of testing your overall comprehension of the material. The DATABANK Practice Exams software prepares you for the actual test by presenting practice questions of similar complexity to that of the real exam.

  • The program consists of 5 Final Exams drawn from the major topics found on the actual exam.
  • Each question has a detailed explanation that not only explains which answer is correct, but also explains why the other answers are wrong for the more complex concepts.
  • No two tests in DATABANK Practice Exams are the same — the depth of the question pool ensures that each question you sees is unique.
  • All of the tests are weighted in the same manner as the material in the actual exam.

System Requirements:

Requires internet access and will work on most computers, tablets, and smart phones, including Apple devices.

Supported browsers on Windows or Mac OS:

  • Internet Explorer (Version 6 or Better) or
  • Google Chrome or
  • Safari or
  • Firefox (Version 3.6 or Better)

On January 4, 2016, the Series 56 exam was replaced by the Series 57. Please see Regulatory Notice 15-45 for more information.

Series 56 – Exam Study Book + DATABANK of Final Exams

Exam Study Book

The exam is weighted heavily towards options trading rules, but also includes equity trading rules. The Pass Perfect Series #56 Study Program is designed to cover all items tested on the examination while making the most effective use of a candidates time. The course is divided into 5 chapters:

  • Equity Securities
  • Options Strategies
  • Trading Markets
  • Trading Practices
  • Trading Systems

Each chapter is divided into Sections, followed by Section Examinations. In addition, there are five (5) 100 question simulated #56 Final Exams.

DATABANK of Final Exams

Designed to complement our Printed Materials, Series 56 DATABANK Practice Exams software is a convenient and effective method of testing your overall comprehension of the material. The DATABANK Practice Exams software prepares you for the actual test by presenting practice questions of similar complexity to that of the real exam.

  • The program consists of 5 Final Exams drawn from the major topics found on the actual exam.
  • Each question has a detailed explanation that not only explains which answer is correct, but also explains why the other answers are wrong for the more complex concepts.
  • No two tests in DATABANK Practice Exams are the same — the depth of the question pool ensures that each question you sees is unique.
  • All of the tests are weighted in the same manner as the material in the actual exam.

System Requirements:

Requires internet access and will work on most computers, tablets, and smart phones, including Apple devices.

Supported browsers on Windows or Mac OS:

  • Internet Explorer (Version 6 or Better) or
  • Google Chrome or
  • Safari or
  • Firefox (Version 3.6 or Better)

NOTE: All FINRA exam are continually being updated. You should take your exam within 120 days of ordering your study materials!
NOTE: Under the terms of our End User Licensing Agreement (“EULA”) each DATABANK Practice Exams product can be used only by one person. Once your order is processed by our staff you will be emailed access instructions to the DATABANK.