In order “to better reflect the skills and knowledge needed by broker-dealer agents and investment adviser representatives in today’s ever-changing financial industry,” NASAA has announced changes to the Series 63, 65, and 66 exams. While each of the exams will experience updated specifications including several new topics and a modification/de-emphasis of others, many will view the biggest of these changes to be the reduction of the Series 66 passing score. All changes will be effective July 1, 2016.
- The number of questions and passing requirement of the Series 63 and Series 65 will remain unchanged.
- The number of questions on the Series 66 will remain unchanged as well; however, the new passing requirement for the Series 66 will be reduced to 73% (from 75%)
The current FIRE Solutions training materials will be used until this effective date. We have already begun incorporating the new material into our training, and an addendum covering the new topics will be available prior to the changes going into effect.Full details of the NASAA announcement can be found at: http://www.nasaa.org/industry-resources/exams/exam-change-announcement/