If you’re taking one of FINRA’s securities license exams, you need to know what to expect on Exam Day. Here are answers to some frequency asked questions about the securities license exam.
How Do I Schedule My Exam?
You will need to schedule it with your local Prometric or Pearson Vue testing center.
What Are the ID Requirements?
On Exam Day, you’ll be required to show one form of valid government-issued ID. It must include a photo of you and your signature. The testing center will also take your photo and record your signature in person.
You may also have to provide a fingerprint or palm print. You may be asked to pass through a metal detector and show that your pockets are empty. Don’t let the level of security rattle you.
When Should I Arrive?
Be sure to arrive at least 30 minutes early for your exam time. If you arrive late, you may have to deduct the amount of time you were late from your examination time (or be charged charge a cancellation fee). FINRA has an inclement weather policy should the weather make it unsafe to travel to the testing center.
What Can I Bring Into The Testing Lab?
After check-in, you must put all personal items in a storage locker. We strong suggest you do not wear or bring anything valuable to the exam. Use of cell phones, handheld computers, and other electronics are prohibited (even during breaks).
You will be escorted into the testing lab with only your picture ID and locker key. The testing center will provide you with a four-function calculator, two dry-erase boards, and dry erase pens use during the exam.
What Instructions Will I Receive Prior To The Exam?
Each cubicle desk has a computer and you will be required to participate in a pre-test tutorial. It will explain the functions of the computer and walk you through answering sample multiple-choice question.
You can preview the tutorial online at the FINRA website.
When Will I Get My Score?
Because the exam is computer based, you’ll get your unofficial results once you’ve completed the exam. You’ll see right on your computer screen whether you’ve passed or failed the exam as well as performance indicators for each exam section. The testing center will also provide you with a printout of your results.
FINRA posts your official results with the Central Registration Depository or reports it to your regulator within three business days of your exam.
What If I Fail?
If you fail, per FINRA Rule 1070(e), you must wait at least 30 days before you can retake the exam. If you fail three or more times in role, you will have to wait 180 days before retaking the exam.