Series 27 Exam Overview — Format & Topic Weights

Series 27 at a glance

• Exam in app: Series 27
• Reference question count: 145
• Reference time: 225 minutes
• Approximate pace: ~93 seconds per question

Topic weighting map

• Function 1 - Financial Reporting — 17%
• Function 2 - Operations, General Securities Industry Regulations, and Preservation of Books and Records — 29%
• Function 3 - Customer Protection — 17%
• Function 4 - Net Capital — 28%
• Function 5 - Funding and Cash Management — 9%

How to study this exam

1. Start with the highest-weighted area: Function 2 (29%), then reinforce Function 4 (28%).
2. Use the Syllabus to close gaps topic by topic.
3. Use timed sets in Practice to build pacing discipline.