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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. The passing score is 70%.
The current Series 32 exam consists of 35 True/False and multiple-choice questions covering U.S. regulations and compliance. Current Time Limit: 45 minutes. Re-Taking the Exam
Effective Dates. Securities Industry Essentials (SIE) Exam. 10/2018 – present. Series 3 – National Commodities Futures Exam. 1966 – present. Series 4 – Registered Options Principal Exam. 04/1975 – present. Series 6 – Investment Company and Variable Contracts Products Representative Exam. 08/1980 – present.
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.
In most cases, an individual seeking NFA membership or registration as an AP is required to pass the National Commodity Futures Examination (NCFE or Series 3) unless: the individual passed the Series 3 with two years of the date the application is filed; the individual is currently registered as a floor broker; or.
The NFA Limited Futures Examination - Regulations, commonly called the Series 32, is offered to individuals who are registered by regulatory authorities in jurisdictions outside the U.S. where the NFA has determined that proficiency requirements are similar to its own.
By completing this course, you'll be well-prepared for the Series 32 exam and equipped to navigate the US futures market. Enroll today to bridge the gap between international and US futures regulations!
