Series 27

Written by Amy Hall
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The Series 27 exam gives an individual a license to become a chief financial officer for any NASD (National Association of Securities Dealers) member firm. This exam is administered by the NASD, and it covers a wide range of topics that students must be familiar with to pass the exam. Topics include: Net Capital Rules, Balance Sheets, NASD Uniform Practice, MSRB Rules, SEC Rules, Record Keeping, and Customer Accounts.

Students are given 210 minutes to finish 145 multiple choice questions, with 70 percent considered a passing score. There is no prerequisite required in order for an individual to sit for the Series 27 exam. The test is given Monday through Saturday, at Prometric (Sylvan) Centers across the country.

Mastering the Material for the Series 27 Exam

It is generally recommended that students devote one to two hours daily for studying, beginning with a minimum time of four weeks prior to the exam. Some students opt to combine home study materials with a preparatory class in order to fully prepare for this test. Others prefer to study alone on their own time, from the comfort of their home. Really, your study methods are totally up to you, but there are some wonderful study materials available that can help you make the most of your study time.

You can purchase textbooks, audio cassettes, videos, CDs for the computer and more, which will help you learn the material better and faster. Many of these study aids can be found online, from companies that provide reference materials and study aids to students who are studying for any of the NASD exams for securities training.


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