Wiley - Wiley FINRA Series 66 Exam Review 2017: The Uniform Combined State Law Examination

This series includes the following titles:

1. Wiley Series 3 Exam Review 2017 + Test Bank: National Commodities Futures Examination
2. Wiley Series 4 Exam Review 2017 + Test Bank: The Registered Options Principal Examination
3. Wiley Series 6 Exam Review 2017 + Test Bank: The Investment Company and Variable Contracts Products Representative Examination
4. Wiley Series 7 Exam Review 2017 + Test Bank: The General Securities Representative Examination
5. Wiley Series 9 Exam Review 2017 + Test Bank: The General Securities Sales Supervisor ExaminationOption Module
6. Wiley Series 10 Exam Review 2017 + Test Bank: The General Securities Sales Supervisor ExaminationGeneral Module
7. Wiley Series 24 Exam Review 2017 + Test Bank: The General Securities Principal Examination
8. Wiley Series 26 Exam Review 2017 + Test Bank: The Investment Company and Variable Contracts Products Principal Examination
9. Wiley Series 57 Exam Review 2017 + Test Bank: The Securities Trader Examination
10. Wiley Series 62 Exam Review 2017 + Test Bank: The Corporate Securities Representative Examination
11. Wiley Series 63 Exam Review 2017 + Test Bank: The Uniform Securities State Law Examination
12. Wiley Series 65 Exam Review 2017 + Test Bank: The Uniform Investment Adviser Law Examination
13. Wiley Series 66 Exam Review 2017 + Test Bank: The Uniform Combined State Law Examination
14. Wiley Series 99 Exam Review 2017 + Test Bank: The Operations Professional Examination

For more on this series, visit the website at www.efficientlearning.com/finra.

Cover Design: Wiley
Cover Image: iStockphoto.com / LuisB

Copyright 2017 by The Securities Institute of America, Inc. All rights reserved.

Published by John Wiley & Sons, Inc., Hoboken, New Jersey.
Previous editions published by The Securities Institute of America, Inc.
Published simultaneously in Canada.

No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, (978) 750-8400, fax (978) 646-8600, or on the Web at www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, (201) 748-6011, fax (201) 748-6008, or online at http://www.wiley.com/go/permissions.

Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness of the contents of this book and specifically disclaim any implied warranties of merchantability or fitness for a particular purpose. No warranty may be created or extended by sales representatives or written sales materials. The advice and strategies contained herein may not be suitable for your situation. You should consult with a professional where appropriate. Neither the publisher nor author shall be liable for any loss of profit or any other commercial damages, including but not limited to special, incidental, consequential, or other damages.

For general information on our other products and services or for technical support, please contact our Customer Care Department within the United States at (800) 762-2974, outside the United States at (317) 572-3993, or fax (317) 572-4002.

Wiley publishes in a variety of print and electronic formats and by print-on-demand. Some material included with standard print versions of this book may not be included in e-books or in print-on-demand. If this book refers to media such as a CD or DVD that is not included in the version you purchased, you may download this material at http://booksupport.wiley.com. For more information about Wiley products, visit www.wiley.com.

ISBN 978-1-119-37991-1 (Paperback)
ISBN 978-1-119-40319-7 (ePDF)
ISBN 978-1-119-40318-0 (ePub)

Congratulations! You are on your way to becoming licensed to represent both a broker dealer and an investment adviser in all states that require the Series 66. The Series 66 exam will be presented in a 100-question multiple-choice format. Each candidate will have two-and-a-half hours to complete the exam. A score of 73% or higher is required to pass.

The Series 66 exam is presented in multiple-choice format on a touch-screen computer known as the PROCTOR system. No computer skills are required, and candidates will find that the test screen works in the same way as an ordinary ATM machine. Each test is made up of 100 questions that are randomly chosen from a test bank of several thousand questions. The test has a time limit of two-and-a-half hours and is designed to provide enough time for all candidates to complete the exam. Each Series 66 exam will have 10 additional questions that do not count towards the final score. The Series 66 is composed of questions that focus on the following areas:

For most candidates, the combination of the textbook, exam prep software, and video class instruction proves to be enough to successfully complete the exam. It is recommended that the candidate spend at least 40 to 50 hours preparing for the exam by reading the textbook, underlining key points, watching the video class, and completing as many practice questions as possible. We recommend that candidates schedule their exam no more than one week after completing their Series 66 exam prep.

Test-Taking Tips

• Read the full question before answering.
• Identify what the question is asking.
• Identify key words and phrases.
• Watch out for hedge clauses, such as except and not.
• Eliminate wrong roman numeral answers.
• Identify synonymous terms.
• Be wary of changing answers.

In order to conduct fee-based securities business, most states require that an agent successfully complete the Series 66 registration, as well as the Series 7 registration.