how to think like a lawyer to pass the series 66 test

What is the series 66 exam?

The Series 66 exam — the NASAA Uniform Combined State Law Examination — is a North American Securities Administrators Association (NASAA) exam administered by FINRA. The exam consists of 100 scored questions. Candidates have 150 minutes to complete the exam. In order for a candidate to pass the Series 66 exam, he/she must correctly answer ...

Should I take the series 7 or Series 66 first?

Nov 25, 2015 · I passed the 7 last November (barely) with a 73% after mostly doing the STC practice exams over and over and over and reading about half of the book. It took me three tries to pass the 66 (64%, 71 ...

How many questions is the series 65 exam?

Jul 19, 2005 · The Series 66 examination contents include 100 multiple-choice questions that are scored and 10 pretest questions that are not scored. Candidates have a maximum time of 150 minutes to complete the ...

How do I take the series 63 exam?

Sep 08, 2020 · Smarter Studying. Series 66 Exam Info. Reinforce retention over memorization with in-depth content and practice questions that mimic the actual test — so there are no surprises come exam day. Shorten your study time with content delivery based on performance — moving on from concepts you’ve mastered and going deeper into ones you haven’t.

How hard is the 66 exam?

A speeded test is one that is designed so that only the brightest students will have enough time to finish. The Series 66 exam is designed to provide enough time for all students to complete each question on the exam. Taking is the Series 66 exam is stressful, even if you are a good test taker.

What is the pass rate for the Series 66 exam?

65-70%The Series 66 exam has approximately a 65-70% pass rate.

How many hours should you study for the Series 66?

The Series 66 experts at Knopman Marks Financial Training recommend that you plan on 75-100 hours of prep time before your test. You should assume you'll need about 4-8 weeks of prep time if you're working full time.

How do you pass the Series 66?

The exam consists of 100 scored questions. Candidates have 150 minutes to complete the exam. In order for a candidate to pass the Series 66 exam, he/she must correctly answer at least 73 of the 100 scored questions.

Is Series 7 or Series 66 Harder?

Overall, the Series 66 is quite a challenging exam. The Series 7 difficulty level is not to be understated however. Both can be conquered with the right amount of studying. Consequently, we recommend Kaplan as the top resource for both exams.Nov 7, 2021

Which is the hardest series exam?

Series 7 examThe Series 7 exam is by far the longest and most difficult of all the securities exams. It lasts for 225 minutes and covers all aspects of stock and bond quotes and trading; put and call options; spreads and straddles; ethics; margin, and other account holder requirements; and other pertinent regulations.

Is there math on the Series 66?

While the hardest Series 66 topics include some math, many others involve memory work.Apr 19, 2021

How many times can I take the Series 66?

A candidate who fails the exam must wait at least 30 days before taking it again. The same rule applies to someone who has failed a second time and who wishes to take it a third time. After a third failure, a candidate must wait at least 180 days before taking the exam again.Oct 22, 2019

Can I take series 66 without sponsorship?

Unlike many FINRA Series exams, the Series 66 exam does not require an individual to be sponsored by a member firm. If you are not Form U4 registered or affiliated with a firm through FINRA's Web CRD system, you should use the Form U10 to request and pay for the Series 66 exam.Mar 18, 2019

What does the Series 66 allow you to do?

The Series 66 is an exam and license that is meant to qualify individuals as investment advisor representatives or securities agents. The Series 66, also known as the Uniform Combined State Law Examination, covers topics relevant to providing investment advice and effecting securities transactions for clients.

Is STC good for Series 66?

Series 66 STC If you've used it for any prior FINRA or NASAA exams then you will be very familiar with the user interface for the Series 66. STC does a good job in organizing their textbook, but in our view their practice exams, and the interface of their online questions leave a lot to be desired.Dec 17, 2021

What is the CFA pass rate?

Read more: CFA Pass Rate Ticks Up to 46% Following Lows for Level II Exam. On average, candidates study 300 hours for each level of the exam and take four years to complete the series.Feb 3, 2022

bcaleb32

I told myself I would do this if I passed the series 66 my first time after I completed my series 7. I Just passed my Series 66 earlier today with a score of 76 and passed my Series 7 less than a month before with a 78. Granted, these scores are not very impressive but I put in less time studying than your average person does to pass these.

lwt09

I passed the 7 last November (barely) with a 73% after mostly doing the STC practice exams over and over and over and reading about half of the book. It took me three tries to pass the 66 (64%, 71%, 81%).

What is a series 66?

What Is the Series 66? The Series 66 is an exam and license that is meant to qualify individuals as investment advisor representatives or securities agents. The Series 66, also known as the Uniform Combined State Law Examination, covers topics relevant to providing investment advice and effecting securities transactions for clients.

How many questions are asked in the Series 66 exam?

The Series 66 exam has 100 multiple-choice questions that are scored, and a candidate must correctly answer 73 of those questions in order to pass. The comprehensive exam covers topics such as economic factors, the characteristics of investment vehicles, client/customer investment recommendation strategies, and laws and regulations.

Where is Peggy James?

She is a graduate of Bryn Mawr College (A.B., history) and has an MFA in creative nonfiction from Bennington College. Peggy James is a CPA with 8 years of experience in corporate accounting and finance who currently works at a private university.

Who is Julia Kagan?

Julia Kagan has written about personal finance for more than 25 years and for Investopedia since 2014. The former editor of Consumer Reports , she is an expert in credit and debt, retirement planning, home ownership, employment issues, and insurance. She is a graduate of Bryn Mawr College (A.B., history) and has an MFA in creative nonfiction from Bennington College.

How long does it take to pass the SAT?

Candidates have a maximum time of 150 minutes to complete the examination. To obtain a passing score, a candidate must correctly answer 73 of the 100 questions that are scored. The exam administrator provides electronic calculators for candidates to use, and these are the only calculators allowed in the exam room.

Who administers the Series 66 exam?

The exam is administered by the Financial Industry Regulatory Authority (FINRA), which is also responsible for processing and disseminating test results.

What is the series 7 exam?

Content#N#The Series 7 Exam qualifies those who pass to work as General Securities Representatives. The 260 multiple-choice question exam takes six hours to complete (two sessions, each three hours long). Candidates with a score of 72 or better pass the test. Major job functions covered on the Series 7 Exam include: 1 Seeking business for a broker-dealer through customers/potential customers 2 Opening accounts, transferring assets and maintaining account records 3 Evaluating customers’ other security holdings, financial situation, needs, tax status, financial status and investment objectives 4 Providing customers with information on investments and making recommendations 5 Obtaining and verifying customer’s purchase and sales instructions, entering orders and following up

What is a series 63?

The Series 63 Exam (Uniform Securities Agent) is administered in conjunction with the North American Securities Administrators Association (NASAA). This exam is not recognized in all states and must always be taken with another securities agent licensing exam (such as Series 6 or Series 7).

How long is the Series 63 exam?

The Series 63 Exam takes 75 minutes to complete and consists of 60 multiple-choice questions. A score of 72 or better is considered passing. Sixty percent of the exam will cover State Securities Acts and related rules and regulations. Forty percent of the exam will cover ethics and fiduciary obligations. Location.

How do lawyers work?

Here is what a typical day’s work for a Lawyer looks like: 1 Analyze the probable outcomes of cases, using knowledge of legal precedents. 2 Advise clients concerning business transactions, claim liability, advisability of prosecuting or defending lawsuits, or legal rights and obligations. 3 Select jurors, argue motions, meet with judges, and question witnesses during the course of a trial. 4 Interpret laws, rulings and regulations for individuals and businesses. 5 Present evidence to defend clients or prosecute defendants in criminal or civil litigation.

What does a lawyer do?

Lawyers represent clients in criminal and civil litigation and other legal proceedings, draw up legal documents, or manage or advise clients on legal transactions. May specialize in a single area or may practice broadly in many areas of law..

1 of 16 Pick one!

Which of the following words would your friends use to best describe you?

4 of 16 Pick one!

All men are vertebrates. Some mammals are vertebrates. Which of the following conclusions drawn from the statement is correct?

5 of 16 Pick one!

All watches sold in that shop are of high standard. Some of the HMT watches are sold in that shop. Which of the following is true?

6 of 16 Pick one!

How many English words can be formed with the word EDOM using each letter once in each word?

8 of 16 Pick one!

All chairs are tables. All tables are cushions. Some cushions are trolleys. All trolleys are lamps. Which is true?

14 of 16 Pick one!

Strict observance of the established rules is likely to prevent attaining a good outcome.

What is the Watson Glaser test?

The Watson Glaser test is one of the most well known critical thinking tests. Law firms want to employ individuals who are able to think for themselves and make informed decisions rooted in fact that can be justified and are free from bias.

What are the skills required to become a lawyer?

Typically a law firm will ask a candidate to undertake a number of psychometric tests, often taken one after the other, which consider the rounded skills of a candidate, including critical thinking, situational judgement, verbal reasoning and logical reasoning.

What do lawyers need?

Lawyers typically need to be well rounded individuals who balance commercial awareness and business acumen with good people skills and strong verbal and oral communication. As the practice of law and the business of providing legal services modernises and adapts, those with strong project management, numerical and analytical skills and even better, ...

What is Linklaters law?

Linklaters is a global law firm and part of the magical circle, headquartered in London. Read more about Linklaters tests. Hogan Lovells is an American-British law firm formed in 2010 when US firm Hogan & Hartson merged with London based Lovells. Read more about Hogan Lovells tests.

What is a DLA Piper?

DLA Piper is a multinational law firm based in London and more than 40 other countries. Read more about DLA Piper tests. Clifford Chance is a magic circle and one of the world’s ten largest law firms, based in London. Read more about Clifford Chance tests.

What is Baker McKenzie?

Baker McKenzie is an American law firm and one of the world’s largest by both headcount and revenue. Read more about Baker McKenzie tests. Based in Liverpool, Hill Dickinson is a British international commercial law firm. Read more about Hill Dickinson tests.

What is Irwin Mitchell?

Irwin Mitchell is a UK based full service law firm originating in She ffield. Read more about Irwin Mitchell tests. Slaughter and May is a magic circle, multinational law firm with headquarters in London. Read more about Slaughter and May tests.

What is constant writing?

Constant Writing. Words are a lawyer’s tool of the trade. Attorneys are expected to be good writers as well as excellent speakers. Trial attorneys will need to master oral and written persuasion as they argue motions, try cases, take depositions, and draft various legal pleadings.

What is public speaking?

Public Speaking. As an attorney, public speaking is a part of your day-to-day life. You'll present information to clients, juries, judges, arbitrators, opposing counsel, witnesses, boards, and colleagues. Trial lawyers present information in the courtroom. Corporate attorneys must be at ease in the boardroom.

How many hours do lawyers work?

This isn't a requirement for all lawyers, but some value-conscious clients might expect you to be accessible around the clock. Most lawyers work full time, and many work more than 40 hours per week. 9  Lawyers who work in public interest venues and academia might have more forgiving schedules, but they often trade high salaries for a better work-life balance.

What are the skills required to practice law?

Logical reasoning and critical-thinking skills are essential to the practice of law. Analytical skills are necessary for all practice areas, whether you're structuring a multi-million-dollar deal or developing a trial strategy. You might enjoy being an attorney if you like logic puzzles, research, and critical thinking.

What do you like about being an attorney?

You might enjoy being an attorney if you like logic puzzles, research, and critical thinking. If logical reasoning doesn't come naturally, you can still develop those skills over time. You might take classes in logic or pick up logic puzzles to hone your skills.

What is client development?

Client Development. Most law firm attorneys are responsible for client development. Compensation, bonuses, draws, and partnership opportunities are frequently based on an attorney’s ability to bring in business for the firm, at least in part. 10 . If you choose to work for a law firm, you must excel at marketing yourself ...