Comments on: The Series 65 Exam

By: Series 65 Exam Opinions Requested — Hedge Fund Law Blog

Series 65 Exam Opinions Requested — Hedge Fund Law Blog — Tue, 23 Aug 2011 14:19:58 +0000

[...] am hoping readers of this blog would be able to provide some feedback on their experiences with the Series 65 exam. As a little background, many of our firm’s clients are managers who will be state registered [...]

By: Securities Exam Changes in 2010 — Hedge Fund Law Blog

Securities Exam Changes in 2010 — Hedge Fund Law Blog — Fri, 29 Jul 2011 19:34:10 +0000

[...] Series 65 Exam [...]

By: SEC Study on Uniform Fiduciary Duty for BDs — Hedge Fund Law Blog

SEC Study on Uniform Fiduciary Duty for BDs — Hedge Fund Law Blog — Mon, 25 Jul 2011 19:42:29 +0000

[...] potentially a SRO) would be required to create and administer an exam (similar probably to the Series 65 exam for state registered investment adviser representatives) and continuing education (similar to the [...]

By: Hedge Fund Lawyer

Hedge Fund Lawyer — Wed, 13 Jul 2011 15:49:26 +0000

James,

I thought so, but I took the exam about 5 years ago so I don’t know if or how the questions on the actual exam might have changed.

Best of luck,
Bart

By: James

James — Wed, 13 Jul 2011 02:17:04 +0000

I am taking my series 65 exam in 2 days and i terrified! 3 people already failed the exam by just few points. I’ve been using Kaplan Qbank and STC reading material. I’ve been averaging between mid 70′s to low 80′s. Is the Kaplan qbank questions similar to the real exam?

By: Hedge Fund Lawyer

Hedge Fund Lawyer — Sat, 09 Jul 2011 20:02:00 +0000

Michael,

I also recommend the Kaplan materials. I have not reviewed all of the Series 65 materials out there, but I do think that STC and Kaplan are good. I have personally used Kaplan to study for all the series exams I have taken (except for the Series 34 because Kaplan does not have a study guide on the 34).

Hope this helps.

Bart

By: Michael

Michael — Sat, 25 Jun 2011 03:14:27 +0000

I just took the S-65 today and FAILED , by 3.9 questions! OMG! So close yet so far. I really did study for this stuff and none of it came easily. I am a former S-7, S-24, S-27 and S-53. None of them easy! Just lots of study time. Any remcomedations for me. I currently have STC manuals and looking for outside help. forums?

Feel free to drop a line to me at the above email. Thanks and Good luck to all. I really do wish you well.
Michael

By: States Beginning to Propose IA Registration/ Exemption Rules — Hedge Fund Law Blog

Thu, 28 Apr 2011 02:29:37 +0000

[...] Essentially fund managers who are located in Massachussets will need to register with the Securities Division (unless the manager provides advice only to Section 3(c)(7) funds). Registration generally will take about two months and the firm and representatives will face certain regulatory requirements such as maintaining a bond and taking certain proficiency exams (generally the Series 65 exam). [...]

By: Gaurav

Gaurav — Mon, 06 Dec 2010 07:54:43 +0000

I just took the Series 65 exam and passed. I am about to launch my hedge fund, and needed to pass the Series 65 in order to be an IAR to the LLC which will run the fund.

I agree with all the points about studying for the exam that Bart brought up.

For reference, I only used the “Pass Perfect” Series 65 book. I think it was an excellent book and it is organized exactly according to the outline of the test that FINRA has published. Based on studying the material and taking the practice exam, I passed the first time with a score of 85% (passing is now 72%).

Here are some additional suggestions if you are using the Pass Perfect book:

1) While the book is excellent overall, the presentation of the material on the Uniform Securities Act is confusing (this is a major topic on the test). The fact is that the Federal Acts (Securities Act of 1933, Sec & Exch Act of 1934, Investment Adviser Act of 1940, etc.) all came first — and set the foundation for the USA Act. However, the material is presented as USA Act first, and then the Federal Securities acts — it is very confusing and some of it is repetitive (while all the content is correct). So make sure to spend some extra time sorting all of this out.

2) Make sure you take the practice tests on the PassPerfect book. I found them to be harder than the actual exam. Read the explanation for ALL the questions — even the ones you got right. I feel that these answers really helped clarify the material in the text.

By: Differences between the Series 65 and the Series 66 — Hedge Fund Law Blog

Differences between the Series 65 and the Series 66 — Hedge Fund Law Blog — Mon, 20 Sep 2010 23:50:43 +0000

[...] Detailed Overview of Series 65 Exam [...]