Series 57 Securities Exam – Securities Trader Qualification Examination

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

Test Topics & Approximate Test Questions

Section Description Points
1 Trading Activities 41
2 Maintaining Books and Records, Trade Reporting and Clearance and Settlement 9
***Total Points*** ***50***

Series 57 Top Off – Securities Trader

Study Book for Series 57

Study Book for Series 57

$175.00Add

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:

  • Securities
  • 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)

NOTE: All FINRA exam are continually being updated. You should take your exam within 120 days of ordering your study materials!
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