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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).

On this page

Train Series 87 like research production: draft → disclose → approve → publish → disseminate safely.

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Practice modes

1) Full-length Mock Exam (timed)
Build speed on disclosures, conflicts, approvals, and dissemination traps.

2) Function drills (F4–F5)
Drill report-prep questions (F4) separately from dissemination/marketing questions (F5).

Timing tip

Real exam pacing is about 55 total items in 105 minutes (~110–115 seconds per item). Practice with timing early so disclosure-heavy questions don’t slow you down.

Series 87 at a glance (FINRA)

  • Scored items: 50
  • Unscored pretest items: 5 (55 total)
  • Time: 1 hour 45 minutes (105 minutes)
  • Format: Multiple choice
  • Passing score: 74
  • Cost: $150
  • Corequisite: SIE

Note: FINRA includes unscored pretest items for question development. You won’t know which items are unscored, so treat every item as scored.

What Series 87 tests (job functions)

Series 87 is organized by two major functions:

  • F4 — Preparation of Research Reports — 72% (36 items)
  • F5 — Dissemination and Marketing of Information — 28% (14 items)

Eligibility (important)

Series 87 requires firm sponsorship. You must be associated with a FINRA member firm (or other applicable SRO member firm) to enroll and test.

The SIE is a corequisite. To obtain the Research Analyst registration, candidates generally must pass SIE + Series 86 + Series 87.

✅ Next: work through the Series 87 syllabus » and then drill compliance/report questions in Practice » .