Questions on Exam : 100
Time to Complete : 150 Minutes
Format : Multiple Choice
Passing Grade: 70%
Availability: Test is given daily (Mon-Sat)
Home Study Time: Generally 4 weeks (1-2hrs daily)

Sample Series 66 Exam Questions:

1. Under the Uniform Securities Act, all of the following persons with no place of business in the State are EXEMPT from registration as an investment adviser EXCEPT:

a. Advisors that deal solely with insurance companies
b. Advisers that deal solely with investment companies
c. Advisers that deal solely with broker-dealers
d. Advisers that have no more than 10 clients in that State in a 12 month period

2.Under the Uniform Securities Act, which of the following would be defined as a “non-issuer” transaction?

a. An initial public offering of common stock by a corporation
b. The sale of open-end mutual fund shares
c. The sale of a security effected on the New York Stock Exchange floor
d. The sale of limited partnership interests in a private placement

3. Which statements are true about surety bond coverage required for a registration application under the Uniform Securities Act?

I   In lieu of posting a surety bond, the Administrator must accept a deposit of cash in the appropriate amount
II   In lieu of posting a surety bond, the Administrator must accept a deposit of securities in the appropriate amount
III   The Administrator is permitted to waive the surety bond requirement for registrants whole net capital or net worth exceeds a stated dollar amount
IV   If there is a surety bond requirement, the Administrator is not permitted to accept cash or securities as a substitute

a. I only
b. I and II only
c. III and IV only
d. I, II, III

4. Which action is a prohibited practice under the Uniform Securities Act?

a. Verbally communicating facts
included in sales material to a customer b. Verbally communicating material information included in a prospectus to a customer
c. Verbally communicating material inside information to a customer
d. Verbally communicating a purchase recommendation to a customer for a non-exempt security

5. Under the Uniform Securities Act, all of the following transactions are EXEMPT EXCEPT:

a. The sale of corporate bonds to a savings and loan
b. The sale of corporate bonds to an investment company
c. The sale of corporate bonds to a customer in a solicited trade
d. The sale of corporate bonds to a customer in an unsolicited trade

Add a strong license to your resume by passing the exam to become a Registered Investment Advisor.

Study Material

The Series 66 study material offered by AIT includes: Two Series 66 Books and a CD Test Program. Chapter and final exam course test questions are provided to give exposure to accurate exam questions, that will give the student the best opportunity to pass on the first attempt.