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The Series 3 exam—the National Commodities Futures Examination—is a National Futures Association (NFA) exam administered by FINRA. The exam consists of 120 scored questions. Candidates have two hours and 30 minutes to complete the exam, which consists of two parts.
On the National Commodity Futures Examination – Series 3, the candidate must receive a score of 70 percent on both parts of the exam (market knowledge and regulations) in order to pass. It is your responsibility to keep a record of your exam results.
14 cze 2024 · The cost to take the series 3 exam is $140. Obtaining a series 3 license requires an investment in professional development. Your series 3 license will qualify you as an associated person of an NFA member firm. This allows you to transact business in commodities futures contracts and options.
6 maj 2024 · Key Takeaways. Investment professionals can take different paths, such as obtaining a Series 7 or a Series 3 licenses. The lesser-known Series 3 allows financial professionals to deal...
The Series 3 exam is hosted by FINRA and costs $140 to register. Participants have 2 hours and 30 minutes to answer 120 multiple choice questions. The Series 3 exam is considered to be of medium difficulty. The Series 3 exam pass rate is not published, but is estimated to be 70% - 75%.
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.
2 paź 2024 · Representatives that carry the Series 3 license specialize in commodities. The Series 3 exam is approximately 150 minutes long and covers all commodities transactions, options , hedging ,...
