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 Cheatsheet — Research Reports, Disclosures, Conflicts & Dissemination
  Comprehensive FINRA Series 87 reference: required research report disclosures, conflicts and approvals, Regulation AC/FD/G concepts, research report structure and report types, public appearances and communications, dissemination channels, rumor/manipulation traps, recordkeeping, and trading-ahead/distribution restriction themes.
• Series 87 Exam Overview — Format, Weights & Eligibility
  Understand FINRA Series 87 (Research Analyst Qualification Exam Part II) at a glance: structure, timing, passing score, function weights, eligibility, and how it fits with Series 86.
• Series 87 FAQ — Common Questions & Quick Answers
  Answers to common questions about the FINRA Series 87 exam: eligibility and sponsorship, SIE corequisite, Series 86 relationship, format/timing, scoring, and study strategy.
• Series 87 Practice — Mock Exams & Topic Drills
  Launch Series 87 practice: timed mocks and targeted drills mapped to FINRA’s Series 87 functions with detailed explanations.
• Series 87 Resources — Official FINRA Links & Content Outline
  Official resources for the FINRA Series 86/87 (Research Analyst) exams: exam page, content outline PDF, and key rule references used in Series 87.
• Series 87 Syllabus — Blueprint & Learning Objectives
  FINRA Series 87 syllabus mapped to the official functions with clear learning objectives and quick links to targeted practice.
• Series 87 Updates — Blueprint & Content Changes
  Track changes to the Series 87 study hub: syllabus mapping, cheat sheet refinements, practice coverage, resources, and copy updates.