Cost: $65, plus $15 shipping each (in the U.S.) or actual postage (International). International postage rate will be confirmed prior to billing.
Step 1: The individual must apply with FINRA to take the NFA exam by completing and submitting an application form (Form U10, the Uniform Examination Request for non-FINRA candidates) online. The U10 form is designed for use by individuals not employed or associated with FINRA member firms who, as part of a registration process, have been specifically required by another regulatory authority to qualify by examination. Examination scheduling for a person associated with FINRA member firms must be made by the firm on a Form U4.) The testing application form is located on the FINRA's web site at www.finra.org. The fee for an individual to take the Series 32 exam is $80. The online process on the FINRA website provides convenient credit card and electronic (ACH) payment options. Please note, new users to the FINRA site will need to click the "Register Now" hyperlink located in the upper right hand side of the login screen to receive a User ID and Password.
A candidate DOES NOT need to be sponsored by a firm to apply or sit for the NFA Series 32 Exam. (Note this is not the case for other FINRA administered exams.)
Step 2: Once the U10 registration has been approved and processed by FINRA, a Notice of Enrollment will be emailed to the candidate. FINRA will assign a 120-day window during which the exam can be scheduled and taken. The candidate may then contact their local test center to schedule an appointment to sit for the exam. Due to the many sessions administered at testing centers, the candidate should schedule test-taking as far in advance as possible to secure an appointment on the desired date.
Candidates requiring special accommodations should consult the FINRA web site and complete and submit the appropriate forms. Candidates with transitory or temporary conditions that are not impairments or disabilities, such as pregnancy, sprains and fractures, are not eligible for testing accommodations under the Americans with Disabilities Act (ADA).
Individuals with Limited English Proficiency (LEP) can make advance arrangements and request an additional 60 minutes. For more information regarding the process please see the FINRA web site.
You may schedule an appointment at either a Pearson VUE Professional Center or Prometric Exam Center at the FINRA website:
For questions regarding the application forms, exam enrollment, policy and procedures, please contact the FINRA Call Center at 301.590.6500 or visit www.finra.org.
The current Series 32 exam consists of 35 True/False and multiple-choice questions covering U.S. regulations and compliance.
Current Time Limit: 45 minutes.
If a candidate does not pass the exam, he/she will need to repeat the application process and make payment again. An exam may not be scheduled until re-application process has been completed. Also a candidate will be subject to the following waiting periods between exams if he/she has failed the exam within the past two years:
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