Registered/unregistered...exempt/non exempt...HELP

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Anthony_c's picture
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Joined: 2012-09-19

I take my 66 tomorrow and I've been busting out tests left and right on TC. Not failing a single one but every time I get a question in regards with registering in a state or if a security is exempt or in an exempt transaction, I clam up and kind of guess at it.

Does anyone know of a trick to easily remember this stuff that they've taught themselves?!

DonBateman's picture
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Joined: 2012-08-03

The best way to do it is build like a chart. I took the STC 66 class and the instructor didnt even know a "trick" to remember. I know it can be mind boggling to try to remember but the chart helps. List exempt and non exempt, then all the securities, IAs, IARs, and BDs that fit each side. It might not help much sense the test is tomorrow. Let us know how you do.

Anthony_c's picture
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Joined: 2012-09-19

Thanks for ur help don..I just think I'm freaking out. I just took two more tests and got an 83 and a 91. I think I know what's going on--just being paranoid haha

Ulairi's picture
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Joined: 2011-11-17

you'll be fine. the test is easy.

Anthony_c's picture
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Joined: 2012-09-19

Whew that was close. Passed with a 79. Truthfully I prob wouldn't have passed without TC but I really doubt ppl could pass with JUST the test bank. You definitely need some other knowledge. I was kind of at a disadvantage bc I don't have my 7 yet but thank God that is over with. On to the 7!

mstudy's picture
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Joined: 2011-10-05

Anthony_c wrote:
Whew that was close. Passed with a 79. Truthfully I prob wouldn't have passed without TC but I really doubt ppl could pass with JUST the test bank. You definitely need some other knowledge. I was kind of at a disadvantage bc I don't have my 7 yet but thank God that is over with. On to the 7!

Congrats. How did you take the 66 before taking the 7? From NASAA's site:

"The Series 66 exam was created at the request of industry to avoid their employees having to take two exams. Because of the way the exam is structured, the individual also must have a valid Series 7 at the time of registration. "

DonBateman's picture
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Joined: 2012-08-03

Congrats. How did you take the 66 before taking the 7? From NASAA's site:

"The Series 66 exam was created at the request of industry to avoid their employees having to take two exams. Because of the way the exam is structured, the individual also must have a valid Series 7 at the time of registration. "[/quote]

RIght...

Anthony_c's picture
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Joined: 2012-09-19

I have my 6 so taking the 66 will take place of my 63 for variable products.. I just won't be able to utilize the entire license til I pass the 7. You can take them in either order its just that I have more of a license than needed. I guess haha

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