Series 87 Exam — Mock Exams & Practice Tests

The Series 87 is Part II of FINRA’s Research Analyst Qualification Exams (Series 86 and 87). Series 87 focuses on the analyst’s communication work: preparing research reports under strict disclosure/conflict rules and disseminating/marketing research through approved channels.

Key points:

• Sponsorship required: you must be associated with a FINRA member firm (or other applicable SRO member firm) to sit for Series 87.
• Corequisite: SIE.
• Research Analyst registration: you generally must pass SIE + Series 86 + Series 87 to obtain the Research Analyst registration.
• Series 86 exemption: FINRA describes exemption pathways for Series 86 (Part I) for certain CFA/CMT candidates; Series 87 is still required (confirm with FINRA/your firm).

Use this hub as your study flow:

• Overview : exam format, timing, score, and what’s tested
• Syllabus : blueprint → functions → learning objectives (practice links included)
• Cheatsheet : report-writing workflow, disclosures, conflicts, approvals, and dissemination traps
• Practice : timed mocks + targeted drills
• FAQ : eligibility, Series 87 vs Series 86, and study strategy
• Resources : official FINRA links and the content outline PDF
• Updates : content changes and syllabus mapping updates

In this section

• Series 87 Mock Exams & Practice Exam Questions | FINRA Research Analyst (Part 2)
  Series 87 mock exams and practice exam questions for FINRA Research Analyst (Part 2). Timed practice sets and detailed explanations in the FINRA Exam Prep app (web, iOS, Android).