NASAA · License Prep

Series 66

Uniform Combined State Law

Combines the Series 63 (state law) and the IAR portion of the Series 65. Co-requisite with the Series 7 — together they qualify the holder as both an agent and an IAR.

Questions

100

Time limit

150 min

Pass score

73%

State fee

$177

Topics covered

Economic factors & business information
Same scope as 65 minus the product depth covered by Series 7.
Investment vehicle characteristics
Light overlap with 7; deep on portfolio theory.
Client recommendations & strategies
Suitability, IPS, portfolio construction.
Laws, regulations, ethics
USA + IA Act of 1940 fiduciary.

Lessons

Lessons unlock with an active SWA Learner or Advisor subscription.

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Practice exam

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Practice exams are study aids only — they are not regulatory credit. FINRA CE Sponsor and NASBA accreditation pending.