Two registrations in one exam — if you are taking the Series 7 anyway.
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The Series 66 — NASAA's Uniform Combined State Law Examination — qualifies you as both a broker-dealer agent and an investment adviser representative. It has 100 scored questions plus 10 unscored, a 150-minute limit, and a passing mark of 73 of 100. It has no prerequisite, but the Series 7 is a corequisite — which is exactly why it exists: for people going through the full broker path who also need the adviser registration, it replaces taking the 63 and 65 separately.
| Fact | Value |
|---|---|
| Scored questions | 100 (plus 10 unscored) |
| Time limit | 150 minutes |
| Passing | 73 of 100 correct |
| Prerequisite | None — the Series 7 is a corequisite |
| Qualifies as | Broker-dealer agent and investment adviser representative |
| Your path | Exam |
|---|---|
| Broker-dealer agent only | Series 63 |
| Investment adviser representative only, no Series 7 | Series 65 |
| Series 7 holder who needs both registrations | Series 66 |
Because the 66 pairs with the Series 7, the full stack for a dually registered representative is SIE → Series 7 → Series 66. The 66's two halves can each be kept valid between jobs under NASAA's EVEP, in states adopting the model rule.
Whichever top-off you end up needing, the SIE comes first — and it is the one exam you can prepare for before any firm hires you.
100 scored questions plus 10 unscored, with 150 minutes to finish. Passing requires 73 of the 100 scored questions correct.
The Series 7 is a corequisite: the 66 has no prerequisite, but the combined registration it grants pairs with a Series 7. Without one, the adviser route is the Series 65.
For a Series 7 holder, yes — it grants both the broker-dealer agent and investment adviser representative qualifications that the 63 and 65 grant separately.