Series 66 — Uniform Combined State Law Examination
NASAA's combined state-law exam — one test that covers the Series 63 and 65 for reps who are both agents and adviser representatives.
About the exam
The Series 66 qualifies you as both a securities agent and an investment adviser representative under state law — the same result as passing the Series 63 and Series 65. It's built for registered reps who also give fee-based advice. You can sit it without a sponsor, but to register on the basis of the 66 you must also have passed the SIE and Series 7.
The exam has 110 multiple-choice questions in 150 minutes: 100 scored and 10 unscored pretest items. You pass by answering 73 of the 100 scored questions correctly (73%). The laws and ethics section is 45% of the exam — the heaviest weighting of any NASAA exam.
Our practice covers all four sections of NASAA's June 2023 test specifications with scenario questions on state registration, fiduciary duty, client strategies and investment products, plus flashcards, case simulations where a dual-registered rep's choices play out under state law, and interactive illustrated guides to who must register and who is exempt.
How we track your progress
Every blueprint domain moves through five levels as you study:
- Not startedNo questions answered in this domain yet.
- Getting startedFirst questions answered — not enough yet to judge.
- DevelopingAt least 5 answered and 50% or better on your recent questions.
- ProficientAt least 15 answered and 70% or better on your recent questions.
- Exam readyAt least 25 answered, 80% or better recently, and holding up on hard questions.
The exam blueprint
NASAA Series 66 test specifications effective June 12, 2023 (Exam Study Guide, September 2023) — 4 sections — Laws, Regulations and Guidelines is the heaviest at 45%. Tap a domain to see its topics.
1 Economic Factors and Business Information 8% of the exam
36 practice questions in this domain so far
2 Investment Vehicle Characteristics 17% of the exam
76 practice questions in this domain so far
3 Client/Customer Investment Recommendations and Strategies 30% of the exam
135 practice questions in this domain so far
4 Laws, Regulations and Guidelines, Including Prohibition on Unethical Business Practices 45% of the exam
203 practice questions in this domain so far
What you get when you access this exam
Free with your QuizMe account.
Questions built on the official outline
Every question is tagged to one of the 4 Series 66 sections and its topics — written as client and trade scenarios, not trivia.
Hints that teach the rule
Reveal the principle behind the question — the rule, the calculation, the exception. Every answer comes with the full rationale.
Adaptive practice
Questions steer toward your weakest areas, weighted like the real exam, and get harder as you get stronger.
Timed practice exams
Outline-weighted exams at the real pace — 100 scored questions in about 2 hr 16 min — with a pacing indicator and full review.
Flashcards, case simulations and guides
120 flashcards, 8 unfolding client cases where every decision shows its consequence, and interactive illustrated guides you explore hotspot by hotspot.
Progress in every section
Each section moves from Not started to Exam ready, so you know exactly what to study next.
Test at home or at a center
NASAA develops the Series 66; FINRA handles enrollment and Prometric delivers it. You can enroll without a firm sponsor, and you have a 120-day window to test once enrolled.
At a Prometric test center
- NASAA exams have been test-center only since April 1, 2022 — online delivery is available only as an approved medical accommodation.
- Schedule with Prometric once your 120-day enrollment window is open.
- Arrive about 30 minutes early with current government-issued photo ID that matches your enrollment exactly.
- Phones, bags, watches and notes go in a locker; scratch material is provided.
Exam-day game plan
How to walk in ready — and how to pace 100 scored multiple-choice questions at the real pace.
Pacing checkpoints
The real Series 66 gives you 150 minutes for 110 questions, including 10 unscored pretest items. Our simulation drops the pretest items and keeps the real pace: 100 questions in about 136 minutes.
The week before
- Take one full-length timed practice exam 3–5 days out, then rest.
- Spend most of your last sessions on Laws, Regulations and Guidelines — it's 45% of the exam.
- Make a one-page sheet of who's a broker-dealer, agent, adviser or IAR — and the exclusions and exemptions for each.
- Confirm your Prometric appointment, ID and route.
During the exam
- Read the whole question and find the cue: best, first, most suitable, except, not.
- Ask who the person is — agent, adviser or IAR — and who regulates them before you pick an answer.
- When two answers look right, choose the one that puts the client's interest first and is fully disclosed.
- Pick your best answer, flag it and move on; revisit flags at the end.
- Answer every question — there's no penalty for guessing.
Keep your head
- A few nerves sharpen focus. If you freeze, take three slow breaths and reread the question.
- You're measured against a fixed standard — 73 of 100 passes — not other test-takers.
- Change an answer only when you find a real reason in the question.
After you pass
- Your pass qualifies you for 2 years — register within that window or you'll need to retest.
- Keep up FINRA's annual Regulatory Element CE as an agent, and IAR continuing education (12 credits a year) in states that have adopted NASAA's rule.
- Next step: register as an agent and IAR — you'll need the SIE and Series 7 on file as well.
Official sources and further reading
- NASAA — Series 66 Exam Study Guide ↗Official test specifications effective June 12, 2023, including the Series 7 co-requisite.
- NASAA — Exams FAQ ↗Fees, enrollment window, two-year rule and retest waits.
- FINRA — Qualification exams ↗Enrollment, fees and durations for the NASAA exams FINRA administers.
Ready to start?
450 questions and scenarios across the blueprint — and growing.
NASAA® is a registered trademark of the North American Securities Administrators Association, Inc.; FINRA® is a registered trademark of Financial Industry Regulatory Authority, Inc. QuizMe and thinQtank Learning are not affiliated with or endorsed by NASAA, FINRA or Prometric. Details are summarized from NASAA's Series 66 Exam Study Guide (test specifications effective June 12, 2023) and the NASAA Exams FAQ; fees and policies change — always confirm at nasaa.org. Our Exam ready level asks for 80% or better.