Finance · Securities
NASAA Series 66 Uniform Combined State Law Exam
The combined state law exam for people who will be both a broker-dealer agent and an investment adviser representative: taken with the Series 7, it covers the Uniform Securities Act, adviser and broker-dealer ethics, and client investment strategies.
Questions last checked against the official sources on October 11, 2026.
The real exam at a glance
- Questions
- 110 multiple choice: 100 scored + 10 unscored pretest
- Time
- 150 minutes
- To pass
- 73 of the 100 scored questions
- Fee
- $177, paid to FINRA
- Corequisite
- Series 7 (and the SIE) for registration; no prerequisite to sit the exam
- Retakes
- Wait 30 days after a first or second fail, 180 days after a third
- Delivered by
- FINRA, closed book, result on screen at the end
- Body
- NASAA
What you'll practise
Try a question
Under the Uniform Securities Act, which employee of a state-registered adviser is an investment adviser representative?
- An employee who solicits new advisory clients for the firm
- A clerk who processes account forms
- An IT technician who maintains the firm's servers and trading software
- A receptionist who schedules client meetings
Show the answer
A. An employee who solicits new advisory clients for the firm — Section 401(g) covers individuals who give advice, manage accounts, determine recommendations, solicit or sell advisory services, or supervise those who do. Clerical staff are not IARs.
Sample questions by topic (in English)
- 1. Economic Factors and Business Information
- 2. Investment Vehicle Characteristics
- 3. Client/Customer Investment Recommendations and Strategies
- 4. Laws, Regulations and Guidelines, incl. Prohibition on Unethical Business Practices
Ask the examiner
Ask about this exam: why an answer is wrong, a grammar point, or “quiz me on …”.
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Questions about the Series 66
Is this the official Series 66?
No. Semplr is independent and not affiliated with the exam body. We write every question ourselves, in the official format and at the official level.
What is the real Series 66 like?
Questions: 110 multiple choice: 100 scored + 10 unscored pretest. Time: 150 minutes. To pass: 73 of the 100 scored questions. Fee: $177, paid to FINRA. Corequisite: Series 7 (and the SIE) for registration; no prerequisite to sit the exam. Retakes: Wait 30 days after a first or second fail, 180 days after a third. Delivered by: FINRA, closed book, result on screen at the end. Body: NASAA.
How is my practice marked?
Instantly. You see your score against the pass mark, and an explanation for every question — including the ones you got right.
Can I take it on my phone?
Yes. The whole mock exam works on a phone, and your progress is saved in your browser.
Ready for a full run?
One sitting, real timing, then your score against the pass mark.
Start the free mock exam