200+ Free Series 26 Practice Questions
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Key Facts: Series 26 Exam
65-70%
First-Time Pass Rate
Industry estimate
70%
Passing Score
77/110 questions
50-70 hrs
Study Time
Recommended
40%
Supervision Focus
Largest section
$100
Exam Fee
FINRA
2h 45m
Exam Duration
FINRA
The Series 26 exam has an estimated 65-70% first-time pass rate. It requires 70% (77/110 questions) to pass. The exam focuses on four functions: Personnel Management and Registration (30%), Supervision of Sales (40%), Sales Practices (15%), and Business Processing/Recordkeeping (15%). Plan for 50-70 hours of study over 4-6 weeks.
About the Series 26 Exam
The Series 26 exam qualifies principals to supervise the sale of investment company products (mutual funds) and variable contracts (variable annuities and variable life insurance) at broker-dealers. It is a limited principal registration that focuses specifically on packaged products.
Questions
110 scored questions
Time Limit
2 hours 45 minutes
Passing Score
70%
Exam Fee
$100 (FINRA)
Series 26 Exam Content Outline
Personnel Management Activities and Registration
Form U4/U5 filings, CRD system, registration requirements, continuing education, background checks, and branch office registration
Supervision of Sales
Written supervisory procedures, Rule 3110, account reviews, correspondence supervision, outside business activities, and suitability oversight
Sales Practices
Communications with the public, mutual fund sales, variable annuity suitability, breakpoint disclosure, and sales charge limitations
Business Processing and Recordkeeping
Record retention requirements, confirmations, customer complaints, AML/CIP procedures, and account transfers
How to Pass the Series 26 Exam
What You Need to Know
- Passing score: 70%
- Exam length: 110 questions
- Time limit: 2 hours 45 minutes
- Exam fee: $100
Keys to Passing
- Complete 500+ practice questions
- Score 80%+ consistently before scheduling
- Focus on highest-weighted sections
- Use our AI tutor for tough concepts
Series 26 Study Tips from Top Performers
Frequently Asked Questions
What does the Series 26 license allow me to do?
The Series 26 license qualifies you to supervise the sale of investment company products (mutual funds, closed-end funds, UITs) and variable contracts (variable annuities and variable life insurance) at a broker-dealer. It is a limited principal registration focused specifically on these packaged products. It does not authorize supervision of general securities like stocks and bonds (which requires Series 24).
What is the Series 26 exam pass rate?
The Series 26 exam has an estimated pass rate of 65-70% for first-time test-takers. With focused study on supervisory responsibilities and FINRA rules, you can improve your chances of passing on the first attempt.
What are the prerequisites for the Series 26?
To hold a Series 26 registration, you must first pass the SIE exam and either the Series 6 (Investment Company Products Representative) or Series 7 (General Securities Representative) exam. The Series 26 is a principal-level qualification that builds upon the knowledge tested in these representative-level exams.
How many questions are on the Series 26 exam?
The Series 26 exam contains 110 scored multiple-choice questions plus 10 unscored pretest questions, for a total of 120 questions. You have 2 hours and 45 minutes to complete the exam, and you need 70% (77 correct answers) to pass.
How long should I study for the Series 26?
Plan for 50-70 hours of study over 4-6 weeks. Focus heavily on supervisory responsibilities under FINRA Rule 3110, which accounts for 40% of the exam. Understand personnel management requirements, registration procedures, and sales practice supervision.
What topics are covered on the Series 26 exam?
The Series 26 exam covers four main functions: 1) Personnel Management and Registration (30%) - Forms U4/U5, CRD, background checks; 2) Supervision of Sales (40%) - Written supervisory procedures, account reviews, correspondence; 3) Sales Practices (15%) - Communications, suitability, breakpoints; 4) Business Processing (15%) - Recordkeeping, AML, complaints.