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The Series 32 exam—the Limited Futures Examination-Regulations—is a National Futures Association (NFA) exam administered by FINRA. The exam consists of 35 scored questions. Candidates have 45 minutes to complete the exam.
To become registered, securities professionals must pass qualifying exams administered by FINRA to demonstrate their competence in the particular securities activities in which they will work. An individual must pass the exams prior to engaging in those areas of the business.
To take the Series 32 Exam, you must: — Be associated with and sponsored by a member firm — Be 18 years of age; 2. Study for Your Series 32 License . By choosing STC as your exam prep provider, you gain access to print and online study manuals, online practice exams, the instructor hotline, and more. 3. Complete Your TESS Filing
This guide discusses the procedures for signing up for the various exams, general administrative information about the exams, details regarding the various exam types, the topics covered on each exam and references to study materials available for preparing for the exams.
The Series 32 is comprised of 35 questions, using both the multiple-choice and true or false formats. The exam must be completed in 45 minutes and the minimum required passing score is 70% (25 correct answers). Questions will be based entirely on the rules and regulations for commodity futures, and will be taken from the following topic areas:
The FINRA Manual keeps investment professionals up to date on all our official regulations. It outlines FINRA’s unique rules and guidelines, as well as our current corporate organization. It consists of two main components: Our Rules FINRA’s rules and guidelines ensure a safe and fair market.
There is a two-step process that a candidate must complete to be able to take the Series 32 Exam. Step 1: The individual must apply with FINRA to take the NFA exam by completing and submitting an application form (Form U10, the Uniform Examination Request for non-FINRA candidates) online.
