Series 57 Securities Trader Representative Exam Resources:
Effective October 1, 2018, candidates must pass the Securities Industry Essentials (SIE) exam AND a revised Series 57 to obtain the Securities Trader Representative registration.
The Series 57 exam measures the degree to which each candidate possesses the knowledge needed to perform the critical functions of a securities trader, including executing transactions in equity, preferred or convertible debt securities effected otherwise than on a securities exchange (proprietary trading).
The Series 57 exam assesses the competency of an entry-level registered representative to perform their job as a securities trader representative.
SIE Exam is a co-requisite | Series 57 exam consists of 50 questions (plus 10 non-graded trial questions) | Test fee is $60 ([Finra_U4_link]) | 105 minute time limit | 70% to pass
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Series 57 Top Off – Securities Trader
Series 57 Exam Study Book
The Series 57 exam consists of 50 questions (plus 10 unscored pretest questions) to be completed in 3 hours and 45 minutes. The Series 57 course is divided into the following chapters:
- Options Strategies
- Trading Markets
- Market Maker Activities
- Trading Practices
- Securities Industry Regulations
Following the text are simulated Finals with complete explanations.
(Over 700 simulated examination questions)