FINRA Series 87 Practice Test & Mock Exam

Open Finance Prep for Series 87 practice tests, timed mock exams, topic drills, question-bank review, detailed explanations, and progress tracking across web and mobile. The focused topic pages and free-practice previews are scenario-based and outline aligned: they test research disclosures, conflicts, approvals, dissemination, report production, communications, and analyst conduct, not trivia or puzzle questions.

Finance Prep’s FINRA Series 87 practice is original and provider-specific. Mastery Exam Prep / Finance Prep is independent from FINRA; public preview pages are not official FINRA Series 87 questions, copied live-exam content, or exam dumps.

Practice preview and focused pages

Use this page to start the web app and choose the right public preview before longer mixed practice. For sample exam questions, use the quick review and free-practice page in this exam section; the interactive app remains the primary practice path.

• Quick review: Conflicts and disclosures; review before drills.
• Free practice exam: Practice 50 free FINRA Series 87 sample exam questions across the official topic areas, with answers, explanations, timed mock exams, topic drills, and the Finance Prep next step.

What this Series 87 practice page gives you

• a direct web entry for Series 87 practice in Finance Prep
• targeted practice around research-report preparation, disclosures, conflicts, approvals, and dissemination workflow
• detailed explanations that show why the strongest research-compliance answer is the most defensible
• a clear web preview path for previewing question style before deeper practice
• the same Finance Prep subscription across web and mobile

Series 87 exam snapshot

• Provider: FINRA
• Exam: Research Analyst Qualification Exam Part II
• Practice reference: 50 practice questions in 105 minutes
• Registration context: generally paired with the SIE and Series 86 for the full research-analyst path

Topic coverage for Series 87 practice

• Report production: drafting, approvals, and report-preparation workflow
• Disclosures and conflicts: disclosure rules, conflict controls, and marketing or dissemination restrictions
• Publication control: choosing the right approval and dissemination path under time pressure

How Series 87 differs from similar routes

How to use Series 87 practice tests efficiently

1. Start with disclosure and approval-process drills so the research-publication workflow becomes automatic.
2. Review every miss until you can explain which conflict, disclosure, or dissemination rule changed the answer.
3. Move into mixed sets once you can switch between report-prep and dissemination scenarios without hesitation.
4. Finish with timed mock exams so the 105-minute pace feels controlled.

Series 87 decision filters

• Research communication type: identify whether the issue is a report, public appearance, update, distribution, disclosure, or conflict-management fact pattern.
• Disclosure trigger: check compensation, ownership, investment-banking relationships, ratings, price targets, and conflicts before approving the answer.
• Analyst conduct: decide whether the analyst may publish, speak, change a rating, distribute selectively, or must escalate.
• Fair presentation: choose the answer that keeps research balanced, supportable, and properly disclosed.

When Series 87 practice is enough

If several unseen mixed attempts are above roughly 75% and you can explain the research-communication type, disclosure trigger, and analyst-conduct rule behind each miss, you are likely ready. More practice should improve research-regulation judgment, not memorized disclosure lists.

Public previews and Finance Prep practice

• Live now: this practice bank is available in Finance Prep on web, iOS, and Android.
• Focused preview pages: use the topic, quick-review, and free-practice pages in this section when you want public sample questions before deeper practice.
• Finance Prep practice: open the Finance Prep web app or mobile app for mixed practice tests, topic drills, and timed mock exams.

Good next pages after Series 87

• Series 86 if you are completing the research-analyst technical half
• Series 161 and Series 162 if you are moving from analyst work into the supervisory-analyst route
• Series 16 path overview if you want the broader research-supervision sequence first
• FINRA if you want the wider research, specialist, and principal route map first

Series 87 research rules map

Use this map after a focused topic page, quick review, or mock exam to connect practice items to research conduct rules, analyst conflicts, disclosures, public appearances, supervision, and information barriers these Finance Prep samples test.

    flowchart LR
	  S1["Research rule or communication issue"] --> S2
	  S2["Identify conflict disclosure and participant roles"] --> S3
	  S3["Apply analyst independence controls"] --> S4
	  S4["Review report public appearance or rating action"] --> S5
	  S5["Escalate prohibited pressure or missing disclosure"] --> S6
	  S6["Retain records and supervise follow-up"]

Mini Glossary

• Research report: Written analysis with investment views, disclosures, conflicts, and supervisory requirements.
• Communications: Retail and institutional content subject to approval, recordkeeping, and fair-balanced standards.
• Supervision: Firm process for review, approval, escalation, and evidence of compliance.
• Underwriting: Investment banking process for structuring, pricing, distributing, and settling offerings.
• Order handling: Process for receiving, routing, executing, modifying, and documenting orders.

In this section

• Series 87 — Research Analyst Qualification Examination (Part II) Quick Review
  Quick Review for the FINRA Series 87 — Research Analyst Qualification Examination (Part II), focused on research rules, conflicts, disclosures, supervision, MNPI, and practice priorities.
• Series 87 — Research Analyst Qualification Examination (Part II) Study Plan
  A practical 7-day, 14-day, 30-day, and 60/90-day study plan for the FINRA Series 87 Research Analyst Qualification Examination.
• Series 87 — Research Analyst Qualification Examination (Part II) Exam Blueprint
  Practical exam blueprint for the FINRA Series 87 — Research Analyst Qualification Examination (Part II), focused on research rules, conflicts, disclosures, supervision, and regulatory judgment.
• Series 87 — Research Analyst Qualification Examination (Part II) Scenario Practice Guide
  Learn how to read Series 87 scenarios, identify decision points, evaluate disclosures, and choose defensible answers.
• Series 87 — Research Analyst Qualification Examination (Part II) Quick Reference
  Compact FINRA Series 87 quick reference for research analyst rules, conflicts, disclosures, Reg AC, Reg FD, and offering-related research scenarios.
• Series 87: Research Reports
  Practice 10 focused FINRA Series 87 sample exam questions on Research Reports, with explanations, then continue with Finance Prep practice tests and mock exams.
• Series 87: Research Dissemination
  Practice 10 focused FINRA Series 87 sample exam questions on Research Dissemination, with explanations, then continue with Finance Prep practice tests and mock exams.
• Free FINRA Series 87 Practice Exam: Research Analyst Part II
  Practice 50 free FINRA Series 87 sample exam questions across the official topic areas, with answers, explanations, timed mock exams, topic drills, and the Finance Prep next step.
• Series 87 — Research Analyst Qualification Examination (Part II) Official Resources
  Find official Series 87 FINRA resource types to verify, what to confirm before booking, and how to pair official guidance with practice.