Series 66 TC - HUH?

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DonBateman's picture
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Joined: 2012-08-03

bobmat, I know it is frustrating. I would not worry about the info in the last chapter of the book. There were hardly any calculations or analytical style questions (5 I think). I would do the By Topic tests for state laws, there should be 3 or 4 of them. Also, you want to have a good grasp on the investment vehicles and Investment Advisor Clients sections, and do the By Topic tests on those. I was getting low 80s on the exams and got a 76 on the test, so they seem like a decent indicator. I hope you pass.

bobmat's picture
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Joined: 2012-08-02

Thanks for the advice Don, appreciate it. I did a couple of topic tests earlier in my study calendar, so maybe that's what I'll concentrate on as the exam approaches. I've written a bunch of notes as well to go over...just frustrated of doing question after question after question, and then getting blown away by Greenlight 2.

Maybe my saving grace will be how I was doing roughly the same on STC Series 7 practice exams (plenty of 60's first go around, then mostly 70's and some very low 80's second time) and wound up with an 81 on that exam. We'll see.

mstudy's picture
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Joined: 2011-10-05

Don, while you are studying, keep the following in mind, law, tax and compliance. Good luck on the exam

Mike
http://www.series7examtutor.com

SubieTrader's picture
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Joined: 2011-12-27

I'm selling my Training Consultants Series 66 124pg Course Textbook.
Retail: $125
Asking: $70

I used the textbook plus bought access to the TC questions from a member on here and passed the first time without any issues. Let me know if you're interested as it's just collecting dust on my shelf now.

Gordon Ramsey's picture
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Joined: 2009-07-10

Better get your training materials while they still have the Q&A of the actual exams!

http://www.investmentnews.com/article/20120905/FREE/120909979?utm_source=indaily-20120905&utm_medium=in-newsletter&utm_campaign=investmentnews&utm_term=text

DonBateman's picture
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Joined: 2012-08-03

Bobcat, did you pass the 66?

bobmat's picture
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Joined: 2012-08-02

Didn't get it...failed 66 this morning with a 72. Not sure if I'm more mad about failing it or more mad about having to take the thing over again.

newox1's picture
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Joined: 2011-09-16

DonBateman wrote:
Bobcat, did you pass the 66?

sorry to hear that. which material did you use for 66?

mstudy's picture
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Joined: 2011-10-05

newox1 wrote:

sorry to hear that. which material did you use for 66?


Are you going to suggest a materials provider?

DonBateman's picture
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Joined: 2012-08-03

damnit bobmat. I am sorry to hear that. Take a few days off from studying, have some drinks and maybe try different study material. 3 more questions and you got it. I hear TC is good, never used the material though.

bobmat's picture
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Joined: 2012-08-02

I used STC, and thought it was pretty good. I started 66 strong and ended strong, but the middle was tough...unfortunately that middle lasted 70 and not 65 questions for me. I've been directed to now take 63 then 65. Demotion? Very disappointing letting my employer down. This was the first professional exam I've failed after passing the CPA, life and health, and Series 7 all on first tries. Oh well, it's been a rough day, so thanks to all for the kind words...now, pass me the whiskey so I can start my first day of studying for 63 with a hangover, hehe!

Gordon Ramsey's picture
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Joined: 2009-07-10

The 66 is rough (at best) using STC materials. Years ago, back when you needed a 71% or better, I failed it the first time with a 70. The 2nd time, a 68. The 3rd time, a 72. That was passing and I was happy.

With everything I've heard about Training Consultants, I wouldn't hesitate to go with them.

If you have your PFS designation (available to CPAs only), then you wouldn't have to take the 65/66 as it would be an exempt designation for it. Glad I have my ChFC because it has the same exemption.

mstudy's picture
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Joined: 2011-10-05

Gordon Ramsey wrote:

With everything I've heard about Training Consultants, I wouldn't hesitate to go with them.

I am surprised that you would have this view given the FINRA lawsuit that is in progress.

Illinois Rep's picture
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Joined: 2011-11-08

So I took the series 66 exam yesterday and didnt pass by 7 questions. Do I purchase the TC program considering the legal issues they are going on or do I just continue with Kaplan? Thoughts anyone???????

mstudy's picture
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Joined: 2011-10-05

Tough call because we don't know whether the allegations are true or not. It probably depends on your comfort level with the legal issues. If I were taking the exam, I would not feel comfortable purchasing their materials at this point.

twootton's picture
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Joined: 2012-09-07

did the court rule that they could not continue to use the questions? How long before a ruling like that?

I cant find any info from their court date...

ccon2000's picture
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Joined: 2012-07-10

Up to you but the explanation of terms doesn't change much from provider to provider. Whether you decide to get STC, TC or Kaplan, they will give you the same definition on what is a bond, stock, USA, IAA of 1940...etc, just maybe tweak it a lil but still same thing.

I used STC and they are very thorough to the point of giving you too much information but I like the way they explain things very detailed and easy to understand.

From what I heard TC cuts to the chase and basically goes over the basics and explains in a very simple format.

Regarding the lawsuit I think it's going to be a lengthy process but from what I see they are still in business selling material.

mstudy's picture
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Joined: 2011-10-05

This is apparently public information. From the minutes of the preliminary hearing held on September 17th

"4. DISPOSITION
The Court finds that Defendants have failed to show cause why a preliminary injunction should not issue and GRANTS a preliminary injunction in a form to be determined."

ccon2000's picture
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Joined: 2012-07-10

http://court.cacd.uscourts.gov/cacd/judgereq.nsf/4ab98aba108db1c7882571fb004c4b5e/611880c2684480de88257a790082d0b9/$FILE/SACV%2012-1385%20AG%20%28JPRx%29%20MO%20re%20Preliminary%20Injunction%20%28FINRA%29%20%28AAH%29.pdf

mstudy's picture
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Joined: 2011-10-05

Your link does not work but I have read the report. It surprises me that FINRA is only asking for TC to stop using their questions and to pay them some money. If you believe that an entity has compromised the integrity of your financial exams, there should be significant penalties. The message here is not very strong and it suggests that there is only a small price to pay for unethical behavior.

ccon2000's picture
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Joined: 2012-07-10

Sorry about that. Well if I read correctly they were asking $4000 a question and out of the 900 questions they had in the bank, 250 were almost identical,(250 x$4000 ) so it's about 1 million total. But yea I would think that being barred from industry would be a possibility as well.

mstudy's picture
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Joined: 2011-10-05

ccon2000 wrote:
Sorry about that. Well if I read correctly they were asking $4000 a question and out of the 900 questions they had in the bank, 250 were almost identical,(250 x$4000 ) so it's about 1 million total. But yea I would think that being barred from industry would be a possibility as well.

The problem with barring them from the industry is that this issue was not raised in the original filing plus I don't think FINRA has jurisdiction over the the test prep company. In other words, I don't know how FINRA could stop them from operating in this business.

Nismo777's picture
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Joined: 2012-10-02

Took the 7 now on to the 66, I have the TC book, but the online access has ceased, does anyone have the chapter questions available? Please......

ccon2000's picture
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Joined: 2012-07-10

what do you mean ceased? did your time expire?

Nismo777's picture
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Joined: 2012-10-02

Yes, I am unable to access the online database since it was shutdown following the suit with FINRA.

upncomer's picture
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Joined: 2012-10-03

I've got the 7 and the 66 from TC and both are working. Purchased the products out of my own pocket.
A friend at another firm told me their firm was using someone other than TC while this lawsuit was pending. Sucked because they were half way through and got shut down...

ccon2000's picture
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Joined: 2012-07-10

That's odd because they you can still purchase their material online. Are any of you from CA? Don't know if that makes a difference.

upncomer's picture
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Joined: 2012-10-03

I'm in CA.
Nismo777, did your firm switch to some other company, or did TC just shut you down?
I don't see why they'd leave some people on and shut others down.

twootton's picture
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Joined: 2012-09-07

I have an extra TC Book if anyone needs one.......

kelcied123's picture
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Joined: 2012-10-16

Does anyone have TC materials they would sell me at a decent price (especially looking for access code to get full practice exams). PM me if you do and are interested, thanks!

mstudy's picture
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Joined: 2011-10-05

Its amazing to me how people are still interested in their practice exams despite the FINRA lawsuit.

twootton's picture
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Joined: 2012-09-07

Last I checked you are innocent until proven otherwise so, lets see how this plays out. Hope they win their case because Tina's method of teaching worked for me. Although I did find it annoying at first......

Question though MStudy don't you have your own website for Studying?

pbfinanceman's picture
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Joined: 2012-10-18

Innocent?? lol Tina and her kids took a combined 64 FINRA exams and horribly failed more than 50 of them....and she teaches the material....i would consider that proven guilty

mstudy's picture
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Joined: 2011-10-05

Twooten, I believe the court already ruled in favor of FINRA and issued a preliminary injunction. Not sure about any of the details regarding the injunction, though. You can't study via my website. My company offers tutoring.

upncomer's picture
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Joined: 2012-10-03

What is the deal with a preliminary injunction?
I mean, I'm still using TC stuff, so it obviously didn't turn off my materials... Has anyone seen any additional information on that preliminary injunction?
I guess as long as I get through my exams and pass, I'll be happy... Most of this material won't even apply to what I'm going to be doing...

twootton's picture
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Joined: 2012-09-07

The suit did not include the 66

bobmat's picture
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Joined: 2012-08-02

Happy to report that I passed the 63 (score of 85) last month and then the 65 (score of 80) yesterday, both on the first attempts, and both using STC. I still would have liked to have taken another crack at 66, especially since I missed it by just three questions, but I'm just thankful that my studying days are over!

mstudy's picture
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Joined: 2011-10-05

Bobmat, Congratulations!

ChasingAlpha's picture
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Joined: 2012-11-14

Just passed the Series 7 using Fire Solutions a few hours ago. I need to take the 66 in a few weeks. Would anyone know which package is best to purchase for the TC material? Online? Live? Everything? Or just the text book?

kelcied123's picture
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Joined: 2012-10-16

Just took the 7 and passed using STC with an 88. I bought the STC text for the 66, but it does not come with online access to tests like before.

Does anyone have access to STC or even TC practice tests that I could purchase from them? I have spent so much on these tests already, just looking for a little relief..

gobears11's picture
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Joined: 2013-01-07

Hello everyone,

I've been following this site since I was studying for the Series 7. Using Kaplan, I passed the 7 with a 78. I then had the Series 66 and didn't pass, getting a 70.

I heard all the raves about TC, so I went ahead and borrowed the book, as well as purchased the exams online (don't have access to the lectures)

On Kaplan, I'm averaging in the low 70's for practice exams, but for training consultants I'm averaging in the 80-86 range on the practice finals.

I take the exam Wednesday and my job may be depending on this. For those that have been with TC, is that good enough final scores to pass this exam? Any tips before Wednesday?

rockford417's picture
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Joined: 2012-11-30

Hey all any TC for sale questions anywhere???

Yeah ran into a gal yesterday from another office who said the same and at their office they all break the rules and have TC books going around because too many fail using the mandatory Fire for the 66. Fire is horribly frustrating. We are forced to use it. Got an 80 on my 7 but felt I did not pass because the Fire program left me handicapped which I was. I have an 86 fairly open book with no review before submitting average going into Final 9 tomorrow. I passed both these exams 13 years ago with. If you know where to get some TC exam bank questions PLEASE let me know. Never failed a test for work and don't want to start now. Thanks.

inequityabound's picture
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Joined: 2012-12-19

Hi all, I just want to let you guys know I passed the 66 two weeks ago using SOLELY Training Consultants. I got a 78% on the exam, and I was scoring 82, 85, 82, 80 on the random finals towards the end.

I memorized a bunch of information regarding Exempt Securities, Transactions, defintions of IA, Agent, IAR, BD, etc - and also the differences in Corporations/LLCs/Partnerships, and basically regurgitated (sp?) that information on the notepad I received prior to even entering the test. It definitely helped to have a reference while taking the actual exam.

Actual exam took me about 75 minutes.

gobears11's picture
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Joined: 2013-01-07

Hey everyone,

Sorry I forgot to get back with you. I PASSED the 66 with a 78 using Training Consultants while I failed with a 70 using Kaplan before.

Training Consultants definitely helped me and yes, some questions are still exactly the same on the exam.

I still have the online practice exams due to expire on April 4th 2013. I'll sell my name and password to someone for $25 to get some of my money back ($99 on website)

Studying for Life and Health insurance as we speak, hopefully this one is a lot easier lol.

ccon2000's picture
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Joined: 2012-07-10

Congrats and yes it does get easier. Life and Health Insurance are a joke of a test.

bdsnkz's picture
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Joined: 2013-02-05

I passed the 66 (with a 77%) using STC reading materials and TC practice exam question. STC has way too much reading, but i felt like it did a good job explaining the concepts and etc.. Unfortunately, I did not pass the first time using STC, so I purchased TC practice questions, upon reading this forum. The TC practice question were fairly easily... i score about 79,83,86,92,89 on first attempt, but it did boost up my confident. On the actually exam itself, i would say it had about 15-20 question almost exactly the same as TC. Overall, I spent two weeks preparing for this exam, and TC definitely helped me pass.

I'm selling my TC practice exam bank for $50, if anyone needs. The Retail price is $99 online, and I only used it for 1 week, so there is 3month and 2 weeks until it expires. plenty of time.

ZenAdvisor's picture
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Joined: 2013-02-05

I'd like to say thanks to everyone who has contributed I find it very useful.

I recently passed the Series 7 with an 89 using STC. I have the STC materials for the 66 and plan on using them but I personally know of too many people that have failed using STC. One of them was getting 80s on the practice exams.

Does anyone know for sure if the 66 exams from TC have been altered since the lawsuit? Has anyone used them recently that isn't trying to sell them?(no offense to anyone)

I've heard that the Kaplan Qbank is good as well. I plan on using it. Any input is appreciated. I don't have long to study so I want to make sure I make the most of the limited time I have.

Thanks

ZenAdvisor's picture
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Joined: 2013-02-05

Basically, I don't think I have time for both the Qbank and the TC tests and I'm debating which one to use.

mstudy's picture
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Joined: 2011-10-05

ZenAdvisor, Congratulations on passing the 7 with an 89! The FINRA versus Training Consultants lawsuit did not actually involve the NASAA exams. I don't know if the exams have changed at all. I agree with ccon2000 about Smart66 from PassPerfect

ZenAdvisor's picture
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Joined: 2013-02-05

I called TC and they said they haven't changed any of their final exam questions. I'll report back to let people know what worked/didn't work.

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