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Series 65 – Uniform Investment Adviser Law Exam

The Series 65 exam — the NASAA Investment Advisers Law Examination — is a North American Securities Administrators Association (NASAA) exam administered by FINRA.

The exam consists of 130 scored questions. Candidates have 180 minutes to complete the exam. In order for a candidate to pass the Series 65 exam, he/she must correctly answer at least 94 of the 130 scored questions.

For additional information about this exam, including the content outline, please visit the exams page on the NASAA website.

SECURE Act
NASAA is in the process of updating questions on the Series 63, 65, and 66 exams in light of the recently enacted SECURE Act. Currently, questions on the exam have not been modified and are based on the status of the law as of 12/31/2019. NASAA will update this website when it has completed its review, made any necessary changes, and has a planned switchover date.