Series 10 Exam:  General Securities Sales Supervisor

The General Securities Sales Supervisor Qualification Examination (combination of Series 9 and 10) is intended to test a candidates knowledge of securities industry rules and certain statutory provisions applicable to the supervision of sales activities at a general securities-oriented branch office. A candidate for this examination must satisfy the prerequisite that normally is registration as a general securities representative. This study outline, the examination question bank and question allocation have been developed by a committee of securities industry professionals with experience in retail securities sales.

A passing score will satisfy the qualification requirements of Chicago Board Options Exchange, FINRA , Municipal Securities Rulemaking Board, NASDAQ OMX PHLX, NYSE Amex, and NYSE ARCA (jointly referred to as SROs) for a candidate who will supervise the sales activities in corporate, municipal and option securities, investment company products, variable contracts, and direct participation programs. In addition to branch office managers, regional and national sales managers may also be registered solely as Limited Principals-General Securities Sales Supervisor as long as they supervise only sales activities. Senior management and supervisors of underwriting, trading, or overall firm compliance need to qualify under other examination programs. Candidates should refer to the rules of the SROs mentioned earlier to determine the appropriateness of this examination in light of their job descriptions.

FIRE's Series 10 Exam Prep Features

  • Online self-study modules
  • Recorded web tutorial sessions
  • Online quizzes and Final exams.  Your average score on our final exams is typically within 3 points of your actual score
  • FIRE's Green Light plan ensuring you stay on track (90%+ pass rate)
  • Free on-demand printing of online materials
  • Unlimited toll-free telephone and email access to our expert trainers

Green Light

FIRE's exclusive Green Light plan is designed to maximize your chances of passing your exam by ensuring your training remains on schedule, gauges your readiness and promotes confidence.  A Green Light certificate is issued by completing 100% of the module quizzes and exams and averaging at least the minimum passing score on your first attempt.  Students that achieve a Green Light pass their exams over 90% of the time!

Topics:

  • Introduction
  • Registration and Representative Obligations  
  • Securities and Exchange Commission
  • Business Conduct and Prohibited Practices
  • Trading
  • Customer Accounts
  • MSRB  
  • Supervision
  • Customer Complaints and Arbitration
  • Margin and Short Selling
  • Books and Records

Modules = 11

Exam Prep Study Time = 50 hours

How the Series 10 Exam is Structured

Each Series 10 Exam has a total of 150 questions, for which the applicant will be given 4 hours (240 minutes) to complete.  One hundred forty-five (145) of the questions count toward whether the candidate passes or fails the Series 10 exam.  The other five questions are experimental, untimed, and can appear in any position within the exam but do not count towards the final grade.  In order for a candidate to pass the Series 10 Exam, s/he must correctly answer at least 102 (70.3%) of the 145 questions.

Questions on the Series 10 Exam

FIRE Solutions has revised its Series 9 and Series 10 material to align with the eight major job functions identified by FINRA’s recent revisions of the exams.  In addition, the final exams in FIRE’s exam prep material are weighted to align with the updated question mix of the FINRA exam. The following is a breakdown of job functions and number of test questions that will be in effect beginning March 7, 2016:

S10 Job Function

# of Questions

Supervise Associated Persons and Personnel Management Activities

28

Supervise the Opening and Maintenance of Customer Accounts

49

Supervise Sales Practices and General Trading Activities

52

Supervise Communications with the Public

16

How to Schedule Your Exam

To take the Series 10 exam, your firm must first file your Form U-4 and open a window with FINRA. Once that window is open, you may schedule your exam by contacting either of the testing centers authorized to administer the Series 10 on behalf of FINRA:

• PearsonVUE — www.pearsonvue.com, or 866-396-6273, or
• Prometric — www.prometric.com, or 800-578-6273

What to Expect at the Testing Center

You should arrive at the testing center 30 minutes in advance of your appointment, and bring a government-issued photo ID, such as a driver's license, military ID, or passport. You will be fingerprinted when checking in.

You will be provided with a locker to store your personal items. You may not take anything into the testing room. The testing center will provide you with earplugs, a calculator, and pencils and scratch paper or markers and dry-erase sheets.