Series 99 Securities Exam – Operations Professional Exam
Effective October 1, 2018, candidates must pass the Securities Industry Essentials (SIE) exam and a revised Series 99 exam to obtain the Operations Professional registration. This Series 99 Securities Exam is not required for all back office personnel.
The FINRA list of “covered persons” that must be registered essentially compasses supervisors of client-facing back office functions, and persons who design and implement back-office operations and control systems. Clerical personnel, as are people who currently hold a Series 6 or Series 7 registration, are excluded / grandfathered from the requirement.
SIE is a co-requisite Exam | $50 Test Fee ([finra_U4_link]) | | 50 questions | 90 minute time limit | 68% to pass
|1||Knowledge Associated with the Securities Industry and Broker-dealer Operations||35|
|2||Professional Conduct and Ethical Considerations||15|
Series 99 Operations Professional Exam Study Products
Series 99 Exam Study Book
The Series 99 exam the Operations Professional Exam assesses the competency of an entry-level registered representative to perform their job as an operations professional.
The Series 99 exam measures the degree to which each candidate possesses the knowledge needed to perform the critical functions of an operations professional, including client on-boarding; financial control; receipt and delivery of securities and funds and account transfers, and collection, maintenance, reinvestment and disbursements of funds.
This perfect-bound study program has Key Chapters. Each chapter is divided into Key Sections followed by a quiz. Final Exams complete the study program.