Series 66 Practice Test 2026 — Free Series 66 Exam Prep Questions
The Series 66 combines the state-law knowledge of the Series 63 and 65 for professionals registering as both broker-dealer agents and investment adviser representatives; the Series 7 is a corequisite. Our practice set follows NASAA's four-part specification, weighted toward the laws, regulations and ethics section that makes up 45% of the exam. Every option comes with a specific explanation.
Petra Nyberg is an agent of a broker-dealer and an investment adviser representative of Ormond Financial, a state-registered adviser. An advisory client orally gives her discretion over his advisory account, and she places the first discretionary trade that day. Under NASAA's rule on unethical business practices of investment advisers, she must obtain the client's written discretionary authority within
Series 66 format, scoring & key facts
Computer-based and closed book, administered by FINRA on behalf of NASAA at Prometric test centers; online testing only for candidates who need a testing accommodation. A four-function calculator and erasable note boards are provided at the test center.
| Questions | 110 total: 100 scored and 10 unscored |
|---|---|
| Time | 150 minutes |
| Passing score | 73 of 100 scored questions correct |
| Cost | $177 |
| Owner | NASAA exam, administered by FINRA |
| Corequisite | Series 7 (with the SIE); no prerequisite |
| Subject matter | Economic factors 8% (8), Investment vehicles 17% (17), Recommendations and strategies 30% (30), Laws, regulations and ethics 45% (45) |
| Testing | Prometric test center, closed book (online only by accommodation); four-function calculator provided |
| Retakes | 30 days after the 1st and 2nd failure; 180 days after the 3rd and later (60 days from January 4, 2027) |
| Upcoming change | NASAA is updating questions affected by its May 2026 investment adviser advertising model-rule amendments; updates are planned for early 2027 |
Facts last verified Oct 26, 2026. Source: www.finra.org/registration-exams-ce/qualification-exams/series66. Always confirm details with NASAA before your exam.
When can you take the Series 66?
Offered year-round at Prometric test centers within a 120-day window after enrollment.
Plan backwards from your exam date
What the Series 66 covers
Every PrepBanq Series 66 test mirrors the official domain weights.
Domain distribution
% of the exam| Content domain | Weight | ≈ Questions on exam | Our practice questions |
|---|---|---|---|
Economic Factors and Business Information | 8% | ~8 | 12 questions → |
Investment Vehicle Characteristics | 17% | ~17 | 25 questions → |
Client/Customer Investment Recommendations and Strategies | 30% | ~30 | 45 questions → |
Laws, Regulations, and Guidelines Including Prohibition on Unethical Business Practices | 45% | ~45 | 68 questions → |
How to register for the Series 66
- 1EnrollEnroll through your firm or request an enrollment window through FINRA and pay the $177 fee.
- 2Schedule with PrometricFINRA posts a 120-day window in which the exam must be taken.
- 3Take the exam110 multiple-choice questions in 150 minutes at a Prometric test center; closed book.
- 4Complete the corequisite and registerThe Series 7 (with the SIE) is a corequisite; then apply for registration with your state.
Eligibility
There is no prerequisite. The Series 7 (with the SIE) is a corequisite.
Retake policy
Wait 30 days after a first or second failed attempt and 180 days after a third or later failure. NASAA has approved shortening the 180-day wait to 60 days effective January 4, 2027.
Score release
Your pass/fail result is given at the test site when you finish. Candidates who fail receive section-level results.
Credential renewal
Passing is a prerequisite for state registration, not a license. Most states give you two years from passing to become registered; the exam stays valid while you are registered and for two years after registration ends. NASAA's Exam Validity Extension Program can extend this in adopting states.
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Series 66 FAQ
How many questions are on the Series 66?
The Series 66 has 110 questions (100 of them scored) and you have 2 hours 30 minutes to finish. Question types: Multiple choice. 100 scored questions plus 10 unscored questions..
How long is the Series 66 exam?
Testing time for the Series 66 is 2 hours 30 minutes.
What is the passing score for the Series 66?
Series 66 passing standard: 73 of 100 scored questions correct. Score range: Pass/fail, based on the number of scored questions answered correctly (73 needed).
How much does the Series 66 cost?
The Series 66 registration fee is $177. Check the official site for current fees before you register.
What is on the Series 66?
The Series 66 covers Economic Factors and Business Information (about 8%), Investment Vehicle Characteristics (about 17%), Client/Customer Investment Recommendations and Strategies (about 30%), Laws, Regulations, and Guidelines Including Prohibition on Unethical Business Practices (about 45%).
Who administers the Series 66?
The Series 66 — Uniform Combined State Law Exam is administered by NASAA. Delivery: Computer-based and closed book, administered by FINRA on behalf of NASAA at Prometric test centers; online testing only for candidates who need a testing accommodation. A four-function calculator and erasable note boards are provided at the test center..
Can you retake the Series 66?
Wait 30 days after a first or second failed attempt and 180 days after a third or later failure. NASAA has approved shortening the 180-day wait to 60 days effective January 4, 2027.
Is there a free Series 66 practice test?
Yes. PrepBanq has 15 free Series 66 practice tests with 150 exam-style questions in the real Series 66 formats, and every answer is explained. No credit card is needed.
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