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Duration(minutes) Questions Cost
Securities Industry Essentials (SIE) Exam 105 75 $60
Series 3 – National Commodities Futures Exam 150 120 $130
Series 4 – Registered Options Principal Exam 3 hours and 25 minutes 125 $105
Series 6 – Investment Company and Variable Contracts Products Representative Exam 1 hour and 30 minutes 50 $40
Series 7 – General Securities Representative Exam 3 hours and 45 minutes 125 $245
Series 9 and 10 – General Securities Sales Supervisor Exams S9: 1 hour and 30 minutes | S10: 4 hours S9: 55 | S10: 145 S9: $80 | S10: $125
Series 14 – Compliance Officer Exam 3 hours 110 $350
Series 16 – Supervisory Analysts Exam Part 1: 1 hour and 30 minutes | Part 2: 2 hours Part 1: 50 | Part 2: 50 Part 1: $240 | Part 2: $240
Series 22 – Direct Participation Programs Representative Exam 1 hour and 30 minutes 50 $40
Series 23 – General Securities Principal Exam – Sales Supervisor Module 2 hours and 30 minutes 150 $100
Series 24 – General Securities Principal Exam 3 hours and 45 minutes 150 $120
Series 26 – Investment Company and Variable Contracts Products Principal Exam 2 hours and 45 minutes 110 $100
Series 27 – Financial and Operations Principal Exam 3 hours and 45 minutes 145 $120
Series 28 – Introducing Broker-Dealer Financial and Operations Principal Exam 2 hours 95 $100
Series 30 – NFA Branch Manager Exam (formerly, Branch Managers Exam – Futures) 60 50 $85
Series 31 – Futures Managed Funds Exam 60 45 $85
Series 32 – Limited Futures Exam - Regulations 45 35 $85
Series 34 – Retail Off-Exchange Forex Exam 60 40 $85
Series 39 – Direct Participation Programs Principal Exam 2 hours and 15 minutes 100 $95
Series 50 – Municipal Advisor Representative Exam 180 100 $265
Series 51 – Municipal Fund Securities Limited Principal Exam 90 60 $255
Series 52 – Municipal Securities Representative Exam 150 75 $260
Series 53 – Municipal Securities Principal Exam 180 100 $265
Series 54 - Municipal Advisor Principal Exam 180 100 $265
Series 57 – Securities Trader Representative Exam 1 hour and 45 minutes 50 $60
Series 63 – Uniform Securities Agent State Law Exam 75 60 $135
Series 65 – Uniform Investment Adviser Law Exam 180 130 $175
Series 66 – Uniform Combined State Law Exam 150 100 $165
Series 79 – Investment Banking Representative Exam 2 hours and 30 minutes 75 $245
Series 82 – Private Securities Offerings Representative Exam 1 hour and 30 minutes 50 $40
Series 86 and 87 – Research Analyst Exams S86: 4 hrs and 30 min | S87: 1 hr and 45 min S86: 100 | S87: 50 S86: $185 | S87: $130