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Series 65 - Uniform Investment Adviser Law Exam
The state law exam for people who want to be licensed as investment adviser representatives in the United States.
The exam
- Set by
- NASAA (North American Securities Administrators Association), with the exam administered by FINRA
- The paper
- 140 multiple-choice questions (130 scored) in three hours; pass with 92 of 130 (about 70%) since 2023
- How it is sat
- On a computer, on demand; no sponsorship by a firm is needed
- Where
- United States, in English
What Licento would give you
- Practice questions written to this exam's syllabus, scheduled up to your exam date.
- Mock exams in the real exam's format, timed and marked the same way.
- How ready you are, topic by topic, so you know where to spend your time.

