FINRA Revises Equity Trader Examination Program

FINRA has announced revisions to the Equity Trader (Series 55) examination program after a content qualification review. These revisions reflect changes in the laws, rules, and regulations portions covered by the examination, as well as the functions currently performed by an Equity Trader. The revised examination contains:

• 45 questions on Trading,
• 36 questions on Order Handling, and
• 19 questions on Record Keeping and Regulatory Reporting

Additionally, changes were made to the weighing of questions, as well as the minimum passing score, which was reduced from 70 to 67 percent. The implementation date is August 12, 2013.

See: FINRA Regulatory Notice 13-22. See also: Series 55 content outline.