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FINRA Practice Test Hub for SIE and Series Exams

FINRA practice-test hub for SIE and Series representative, principal, trading, and investment-banking pages with mock exams and Securities Prep access.

FINRA exams cover the core U.S. securities stack from SIE and representative licensing through principal supervision, operations, specialist business lines, and research supervision. This hub is designed for broader discovery, not just exam-code lookup: many users know they need a Series exam, but are still deciding whether the path is representative, principal, research, operations, municipal, state-law, or NFA-adjacent futures.

This hub now includes the broader FINRA family plus the two-part Series 16 supervisory analyst path, with live pages for Series 161 and Series 162, and additional specialist pages such as Series 23, Series 28, and Series 39. Municipal advisor and municipal securities qualification pages live in the dedicated MSRB section. NFA futures and forex pages live in NFA .

Best page to open first

If your goal is…Best pageWhy
Start the main U.S. representative pathSIEBest page when you still need the baseline before picking a top-off or specialist exam.
Compare representative and principal FINRA pagesFINRABest page when you are still sorting Series 6/7 versus 23/24/26/27/39 or research paths.
Open the research-supervision path firstSeries 16 RoadmapBest page when your target is supervisory analyst work rather than sales supervision or operations.
Open one exact supervisory analyst paperSeries 161 or Series 162Best page when you already know whether you need the regulations half or the valuation half.
Switch to state-law add-onsNASAABest page when the real target is Series 63, 65, or 66 rather than a FINRA-only exam.
Switch to municipal securities pagesMSRBBest page when the real target is Series 50, 51, 52, 53, or 54.
Switch to futures or forex proficiency pagesNFABest page when the real target is Series 30, 31, 32, 34, or the broader futures lane.

Typical FINRA path map

    flowchart TD
	  A["Start<br/>U.S. securities licensing"] --> B["SIE"]
	  B --> C["Representative routes<br/>Series 6 / Series 7 / Series 22 / Series 57 / Series 79 / Series 82"]
	  C --> D["Principal routes<br/>Series 23 / Series 24 / Series 26 / Series 27 / Series 28 / Series 39"]
	  C --> E["Research routes<br/>Series 86 + Series 87"]
	  E --> F["Supervisory analyst route<br/>Series 161 + Series 162"]

FINRA Series glossary

SeriesOfficial exam nameFirst-fit intent
Series 4Registered Options Principal Qualification ExaminationOptions principal supervision
Series 6Investment Company and Variable Contracts Products Representative ExamPackaged-products and variable-contract representative route
Series 7General Securities Representative ExamBroad representative top-off route
Series 9General Securities Sales Supervisor (Options Module) ExamOptions supervision half of Series 9/10
Series 10General Securities Sales Supervisor (General Module) ExamGeneral sales-supervision half of Series 9/10
Series 14Compliance Officer Qualification ExamBroker-dealer compliance supervision
Series 16 route guideSupervisory Analyst Qualification ExaminationResearch-supervision route spanning Series 161 and 162
Series 161Supervisory Analyst Qualification Examination, Part I: RegulationsResearch-report controls, disclosures, approvals, dissemination, and communication supervision
Series 162Supervisory Analyst Qualification Examination, Part II: Valuation of SecuritiesSource quality, valuation support, estimate review, and reasonable-basis supervision
Series 22Direct Participation Programs Representative Qualification ExaminationDPP representative route
Series 23General Securities Principal Exam - Sales Supervisor ModuleSeries 24 alternative for existing sales supervisors
Series 24General Securities Principal ExamBroad broker-dealer principal supervision
Series 26Investment Company and Variable Contracts Products Principal Qualification ExaminationPackaged-products principal supervision
Series 27Financial and Operations Principal Qualification ExaminationCarrying-firm FINOP route
Series 28Introducing Broker-Dealer Financial and Operations Principal Qualification ExaminationIntroducing-firm FINOP route
Series 39Direct Participation Programs Principal ExamDPP principal supervision
Series 57Securities Trader Qualification ExaminationTrading and market-structure route
Series 79Investment Banking Representative ExamInvestment-banking route
Series 82Private Securities Offerings Representative Qualification ExaminationPrivate-placement route
Series 86Research Analyst Qualification Examination (Part I)Research technical and valuation route
Series 87Research Analyst Qualification Examination (Part II)Research communications and regulatory route
Series 99Operations Professional Qualification ExaminationOperations workflow and control route

How the main FINRA exam groups differ

Route groupWhat it is really testing
SIEBaseline securities knowledge, product vocabulary, customer accounts, market structure, and prohibited practices
Representative examsCustomer-facing product recommendations, account workflow, trading basics, and sales-practice judgment
Principal examsSupervision, approvals, escalation, documentation, recordkeeping, and control accountability
Research examsValuation, financial analysis, research communications, and research-supervision boundaries
Operations / trader examsOrder handling, operational controls, settlement, audit trails, reporting, and market structure
Specialist examsInvestment banking, private offerings, DPPs, options, futures, or other narrower business-line responsibilities

Current FINRA coverage

  • FINRA is the deepest U.S. exam family on this site, with live pages across SIE, major representative exams, principal exams, research exams, operations, and specialist series exams
  • The Series 16 supervisory-analyst path is intentionally modeled here as a route guide, while Series 161 and Series 162 are live practice pages for the two papers
  • If the real target is state law, municipal, or futures/forex rather than FINRA itself, switch early to NASAA , MSRB , or NFA

Jump to

SIE Series 4 Series 6 Series 7 Series 9 Series 10 Series 14 Series 16 Series 161 Series 162 Series 22 Series 23 Series 24 Series 26 Series 27 Series 28 Series 39 Series 57 Series 79 Series 82 Series 86 Series 87 Series 99

Each exam page is built to help you confirm the exam code, try the public sample set, and move into the app quickly on web or mobile:

  • Live pages: public sample-question sets, web/mobile practice access, and exam-specific CTA flow
  • Each page keeps: the exam snapshot, topic coverage, sample questions, and app links in one place
  • Related pages: direct links to FINRA, NASAA, MSRB, and NFA paths when the broader licensing stack matters

SIE exam page
Tip: Use the outline weights to set priorities, and drill the vocabulary—many SIE misses are definition-level (products, order types, suitability, and prohibited practices).

Series 4 exam page
  • Series 4 — Registered Options Principal (OP)
    Principal-level options supervision: approving options accounts, supervising strategies and margin, trading/market access controls, communications review, and personnel/supervisory controls.
Tip: Most points live in F2/F3/F6. Build “principal reflexes” for suitability/best-interest decisions, margin and risk monitoring, and trade/market-access controls, then lock in clean points with communication approvals and supervision/recordkeeping discipline.

Series 6 exam page
Tip: Most points live in F3. Master mutual fund pricing/math, breakpoints and share classes, plus variable product costs/benefits and the suitability/disclosure process.

Series 22 exam page
Tip: Most points live in F3. Master DPP structures, fees/conflicts, liquidity limits, and the tax reporting mindset (K-1, passive losses, basis, depreciation — high level).

Series 24 exam page
  • Series 24 — General Securities Principal
    Principal-level supervision across registration/personnel, broker-dealer operations, customer activity, trading/market making, and investment banking/research controls.
Tip: Most points come from supervision decisions across functions. Practice choosing the control-escalation-documentation path that is most defensible.

Series 26 exam page
Tip: Prioritize supervision-of-business-activities content first, then lock in points with personnel and office procedure controls.

Series 27 exam page
Tip: Build speed in operations/recordkeeping and financial reporting first, then reinforce net capital and customer protection calculations/workflows.

Series 57 exam page
Tip: Most points live in F1. Build “workflow reflexes” for order handling and restrictions (halts, short sale rules, Reg NMS), then lock in F2 with clean reporting/audit-trail decisions (CAT, confirmations, settlement).

Series 79 exam page
Tip: Most points live in F1. Build reflexes for financial statement linkages, EV vs equity definitions, and valuation tool selection, then lock in clean points with F2 offering paths (registered vs exempt) and F3 deal-process sequencing.

Series 82 exam page
Tip: Most points live in F1. Learn the private offering workflow end-to-end (communications → eligibility → documentation → subscription), then lock in clean points with F2/F3 on profile facts, disclosures, and recordkeeping discipline.

Series 86 exam page
Tip: Most points live in F3. Master valuation definitions (EV vs equity), metric selection (P/E vs EV multiples vs DCF/DDM), and assumption discipline, then lock in F2 with clean accounting comparability and ratio logic.

Series 87 exam page
Tip: Most points live in F4. Build a “disclosure reflex” (what must be included, when approvals are required, how conflicts are handled), then lock in F5 by avoiding rumor/manipulation traps and knowing which dissemination channels are controlled and recorded.

Good next pages after FINRA

  • Securities web app if you want to start on web with the same Securities Prep account on mobile
  • Securities downloads if you want install links first
  • NASAA if you need state-law add-ons after a FINRA route
  • MSRB if your work is really municipal securities or municipal advisory
  • NFA if your lane is futures or retail forex rather than broker-dealer securities work
  • U.S. roadmap if you want the wider sequencing map first

Series 99 exam page
  • Series 99 — Operations Professional
    Operations-focused exam: onboarding and cashiering, custody and control, settlement/fail control, confirmations/statements, financial controls, and books-and-records discipline.
Tip: Most points live in F1. Build workflow reflexes from onboarding → funds movement → settlement → statements → books/records, then lock in F2 with privacy, complaint escalation, and supervision/BCP controls.

Series 7 exam page
Tip: Most points live in F3 (recommendations + product knowledge). Build speed on F4 (orders/settlement/margin) to lock in “clean” points.

Series 9 exam page
Tip: Most points live in F2 and F1. Build “options supervisor reflexes” for account approval levels and required disclosures (ODD/special statements), margin implications, limits/large-position monitoring, assignment/exercise operations, and error/complaint handling.

Series 10 exam page
Tip: Most points live in F3 and F2. Build “supervisor reflexes” for daily trade review, complaints and error handling, KYC/CIP/AML controls, funds movement verification, and margin calls—then lock in clean points with F4 communications approvals and F1 branch/inspection discipline.

Series 14 exam page
  • Series 14 — Compliance Officer Qualification Exam (CR)
    Compliance officer exam: supervision systems, surveillance and exception management, books-and-records and reporting awareness, capital/margin concepts (high level), registration workflows, and communications/telemarketing supervision.
Tip: Most points live in F2 and F5. Build “control reflexes” for supervision and escalation, then lock in clean points with recordkeeping/reporting awareness and communications approval discipline.

Series 16 route guide
Tip: Treat Series 16 as a two-part research-supervision route: Series 161 for communications, disclosures, and approvals; Series 162 for valuation, reasonable basis, and model review.

Series 161 exam page
Tip: Series 161 is the communications-and-controls paper. The strongest answers usually identify the missing approval, disclosure, supervision, or dissemination control.

Series 162 exam page
Tip: Series 162 is the valuation-review paper. Practice separating data-quality problems, calculation weaknesses, unsupported estimates, and conclusions without a reasonable basis.

Series 23 exam page
Tip: Series 23 rewards principal decisions around controls, escalations, and documentation. Think like a top-off principal, not a retail salesperson.

Series 28 exam page
Tip: The cleanest Series 28 answers usually identify the introducing firm's duty first, then separate it from what the clearing firm does operationally.

Series 39 exam page
Tip: Treat Series 39 as a DPP principal-control exam. The strongest answers usually identify the supervision or offering-control issue, not just the product fact pattern.

Free study guides

These links open SecuritiesMastery.com, the free guide and cheat-sheet layer. Use the practice-test routes above when you are ready to drill questions in Securities Prep.

In this section

  • FINRA SIE Practice Test & Mock Exam
    Prepare for the FINRA Securities Industry Essentials (SIE) exam with free sample questions, a full-length diagnostic, topic drills, timed practice, products, risks, markets, trading, prohibited-practice, and account scenarios, and detailed explanations in Securities Prep.
    • SIE: Capital Markets
      Try 10 focused SIE questions on Capital Markets, with explanations, then continue with the full Securities Prep practice test.
    • SIE: Products and Risks
      Try 10 focused SIE questions on Products and Risks, with explanations, then continue with the full Securities Prep practice test.
    • SIE: Trading and Customer Accounts
      Try 10 focused SIE questions on Trading and Customer Accounts, with explanations, then continue with the full Securities Prep practice test.
    • SIE: Regulatory Framework
      Try 10 focused SIE questions on Regulatory Framework, with explanations, then continue with the full Securities Prep practice test.
    • Free SIE Full-Length Practice Exam: 75 Questions
      Try 75 free SIE practice questions across the official topic areas, with answers and explanations, then continue with full Securities Prep practice.
    • FINRA SIE Study Plan (30 / 60 / 90 Days)
      A practical FINRA SIE study plan: 30-day intensive, 60-day balanced, and 90-day part-time schedules aligned to the official SIE weights, with a repeatable syllabus → practice loop.
  • FINRA Series 4 Practice Test & Mock Exam
    Prepare for the FINRA Series 4 Registered Options Principal exam with free sample questions, a full-length diagnostic, topic drills, timed practice, options-account approval, margin, supervision, communication, and market-access scenarios, and detailed explanations in Securities Prep.
  • FINRA Series 6 Practice Test & Mock Exam
    Prepare for the FINRA Series 6 Investment Company and Variable Contracts Representative exam with free sample questions, a full-length diagnostic, topic drills, timed practice, mutual-fund, variable-product, suitability, disclosure, and transaction scenarios, and detailed explanations in Securities Prep.
  • FINRA Series 7 Practice Test & Mock Exam
    Prepare for the FINRA Series 7 General Securities Representative exam with free sample questions, a full-length diagnostic, topic drills, timed practice, customer-account, suitability, product, order-handling, and regulation scenarios, and detailed explanations in Securities Prep.
  • FINRA Series 9 Practice Test & Mock Exam
    Prepare for the FINRA Series 9 General Securities Sales Supervisor options module with free sample questions, a full-length diagnostic, topic drills, timed practice, options sales-practice, account approval, communication-review, supervision, and market-access scenarios, and detailed explanations in Securities Prep.
  • FINRA Series 10 Practice Test & Mock Exam
    Prepare for the FINRA Series 10 General Securities Sales Supervisor exam with free sample questions, a full-length diagnostic, topic drills, timed practice, sales-practice, account-review, customer-protection, communication, and escalation scenarios, and detailed explanations in Securities Prep.
  • FINRA Series 14 Practice Test & Mock Exam
    Prepare for the FINRA Series 14 Compliance Officer exam with free sample questions, a full-length diagnostic, topic drills, timed practice, compliance-process, reporting, monitoring, documentation-control, and escalation scenarios, and detailed explanations in Securities Prep.
    • Series 14: Regulatory Agencies
      Try 10 focused Series 14 questions on Regulatory Agencies, with explanations, then continue with the full Securities Prep practice test.
    • Series 14: Markets and Operations
      Try 10 focused Series 14 questions on Markets and Operations, with explanations, then continue with the full Securities Prep practice test.
    • Series 14: Broker-Dealer Operations
      Try 10 focused Series 14 questions on Broker-Dealer Operations, with explanations, then continue with the full Securities Prep practice test.
    • Series 14: Credit and Capital
      Try 10 focused Series 14 questions on Credit and Capital, with explanations, then continue with the full Securities Prep practice test.
    • Series 14: General Supervision
      Try 10 focused Series 14 questions on General Supervision, with explanations, then continue with the full Securities Prep practice test.
    • Series 14: Investment Banking
      Try 10 focused Series 14 questions on Investment Banking, with explanations, then continue with the full Securities Prep practice test.
    • Series 14: Registration
      Try 10 focused Series 14 questions on Registration, with explanations, then continue with the full Securities Prep practice test.
    • Series 14: Customer and Employee Accounts
      Try 10 focused Series 14 questions on Customer and Employee Accounts, with explanations, then continue with the full Securities Prep practice test.
    • Series 14: Sales Solicitations
      Try 10 focused Series 14 questions on Sales Solicitations, with explanations, then continue with the full Securities Prep practice test.
    • Free Series 14 Full-Length Practice Exam: 110 Questions
      Try 110 free Series 14 practice questions across the official topic areas, with answers and explanations, then continue with full Securities Prep practice.
  • FINRA Series 161 Practice Test & Mock Exam
    Prepare for FINRA Series 161, Part I of Series 16, with free sample questions, a full-length diagnostic, topic drills, timed practice, supervisory analyst regulation, research-report approval, disclosure-control, restricted-list, and dissemination scenarios, and detailed explanations in Securities Prep.
  • FINRA Series 162 Practice Test & Mock Exam
    Prepare for FINRA Series 162, Part II of Series 16, with free sample questions, a full-length diagnostic, topic drills, timed practice, valuation, source-checking, model-review, price-target support, and research-conclusion scenarios, and detailed explanations in Securities Prep.
  • FINRA Series 22 Practice Test & Mock Exam
    Prepare for the FINRA Series 22 Direct Participation Programs Representative exam with free sample questions, a full-length diagnostic, topic drills, timed practice, DPP structure, disclosure, due diligence, tax-concept, and transaction-processing scenarios, and detailed explanations in Securities Prep.
  • FINRA Series 23 Practice Test & Mock Exam
    Prepare for the FINRA Series 23 General Securities Principal Sales Supervisor Module with free sample questions, a full-length diagnostic, topic drills, timed practice, broker-dealer, trading, investment-banking, and principal top-off scenarios, and detailed explanations in Securities Prep.
  • FINRA Series 24 Practice Test & Mock Exam
    Prepare for the FINRA Series 24 General Securities Principal exam with free sample questions, a full-length diagnostic, topic drills, timed practice, broker-dealer supervision, customer-activity, trading, investment-banking, and escalation scenarios, and detailed explanations in Securities Prep.
  • FINRA Series 26 Practice Test & Mock Exam
    Prepare for the FINRA Series 26 Investment Company and Variable Contracts Principal exam with free sample questions, a full-length diagnostic, topic drills, timed practice, mutual-fund, variable-product, supervision, sales-practice, and communication-review scenarios, and detailed explanations in Securities Prep.
  • FINRA Series 27 Practice Test & Mock Exam
    Prepare for the FINRA Series 27 Financial and Operations Principal exam with free sample questions, a full-length diagnostic, topic drills, timed practice, net-capital, books-and-records, custody, reporting, and operations-control scenarios, and detailed explanations in Securities Prep.
    • Series 27: Financial Reporting
      Try 10 focused Series 27 questions on Financial Reporting, with explanations, then continue with the full Securities Prep practice test.
    • Series 27: Operations and Records
      Try 10 focused Series 27 questions on Operations and Records, with explanations, then continue with the full Securities Prep practice test.
    • Series 27: Customer Protection
      Try 10 focused Series 27 questions on Customer Protection, with explanations, then continue with the full Securities Prep practice test.
    • Series 27: Net Capital
      Try 10 focused Series 27 questions on Net Capital, with explanations, then continue with the full Securities Prep practice test.
    • Series 27: Funding and Cash Management
      Try 10 focused Series 27 questions on Funding and Cash Management, with explanations, then continue with the full Securities Prep practice test.
    • Free Series 27 Full-Length Practice Exam: 145 Questions
      Try 145 free Series 27 practice questions across the official topic areas, with answers and explanations, then continue with full Securities Prep practice.
  • FINRA Series 28 Practice Test & Mock Exam
    Prepare for the FINRA Series 28 Introducing Broker-Dealer Financial and Operations Principal exam with free sample questions, a full-length diagnostic, topic drills, timed practice, net-capital, introducing-firm operations, books-and-records, and FINOP control scenarios, and detailed explanations in Securities Prep.
  • FINRA Series 39 Practice Test & Mock Exam
    Prepare for the FINRA Series 39 Direct Participation Programs Principal exam with free sample questions, a full-length diagnostic, topic drills, timed practice, DPP offering-structure, sales supervision, suitability, communication, and financial-responsibility scenarios, and detailed explanations in Securities Prep.
  • FINRA Series 57 Practice Test & Mock Exam
    Prepare for the FINRA Series 57 Securities Trader exam with free sample questions, a full-length diagnostic, topic drills, timed practice, order-handling, market-access, trade-reporting, settlement, and prohibited-practice scenarios, and detailed explanations in Securities Prep.
  • FINRA Series 79 Practice Test & Mock Exam
    Prepare for the FINRA Series 79 Investment Banking Representative exam with free sample questions, a full-length diagnostic, topic drills, timed practice, underwriting, valuation, M&A, offering, documentation, and deal-process scenarios, and detailed explanations in Securities Prep.
  • FINRA Series 82 Practice Test & Mock Exam
    Prepare for the FINRA Series 82 Private Securities Offerings Representative exam with free sample questions, a full-length diagnostic, topic drills, timed practice, private-placement, investor-qualification, communication, subscription, and documentation scenarios, and detailed explanations in Securities Prep.
  • FINRA Series 86 Practice Test & Mock Exam
    Prepare for the FINRA Series 86 Research Analyst exam with free sample questions, a full-length diagnostic, topic drills, timed practice, financial analysis, forecasting, valuation, macro, industry, and recommendation-support scenarios, and detailed explanations in Securities Prep.
  • FINRA Series 87 Practice Test & Mock Exam
    Prepare for the FINRA Series 87 Research Analyst exam with free sample questions, a full-length diagnostic, topic drills, timed practice, disclosure, conflicts, approval-process, dissemination, report-production, and research-conduct scenarios, and detailed explanations in Securities Prep.
  • FINRA Series 99 Practice Test & Mock Exam
    Prepare for the FINRA Series 99 Operations Professional exam with free sample questions, a full-length diagnostic, topic drills, timed practice, onboarding, cashiering, custody, settlement, margin, privacy, and books-and-records scenarios, and detailed explanations in Securities Prep.
  • Series 6 vs Series 7: Practice Route Comparison
    Compare FINRA Series 6 and Series 7 scope and choose the right Securities Prep practice page.
  • Series 7 and Series 63 Practice Route
    Plan Series 7 and Series 63 practice together with direct links to Securities Prep exam pages.
  • Series 7 and Series 66 Practice Route
    Plan Series 7 and Series 66 practice together with direct links to Securities Prep exam pages.
  • SIE vs Series 7: Practice Route Comparison
    Compare FINRA SIE and Series 7 exam roles and open the right Securities Prep practice page.
Revised on Thursday, May 14, 2026
Databricks
FP Canada