Free Series 99 Exam Prep
Operations Professional Qualification Examination
Prepare for the Series 99 exam without spending hundreds on expensive prep courses. Free study guides, practice questions, flashcards, and related exam resources.
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Series FINRA Series Exams: Study Roadmap
Follow this path to organize your exam preparation
Account Opening, Transfers, and CustodyYou are here
Start with account types, registrations, CIP/KYC, standing settlement instructions, cashiering workflows, ACATS, DRS/DWAC, and custody-versus-segregation distinctions.
Settlement, Statements, and Recordkeeping
Learn T+1 settlement, DK notices, buy-ins and closeouts, DVP/RVP, statements, confirmations, tax reporting, reconciliations, and retention rules.
Financial Requirements and Operational Controls
Review FOCUS reporting, general ledger concepts, carrying agreements, reserve and net capital concepts at an operations-professional depth, and the control framework around daily processing.
Privacy, Escalation, and Supervision
Finish with Regulation S-P, Regulation S-ID, OBO/NOBO handling, complaints, escalation paths, segregation of duties, WSPs, and business continuity planning.
Timed Practice and Final Review
Use mixed-topic timed sets to tighten operational judgment, especially on transfer exceptions, privacy disclosures, books and records, and control breakdowns.
Can You Take the Series 99 Exam?
Check if you meet the basic eligibility requirements
- •Must be associated with and sponsored by a FINRA member firm or other applicable SRO member firm
- •Must pass both the SIE exam and the Series 99 exam unless an eligible-registration exception applies
- •Schedule the exam through FINRA enrollment and Prometric testing
Series 99 Quick Facts
Time to Get Licensed
Suggested planning range: 4–8 weeks; not an official FINRA requirement
From start to license in hand
Retake Policy
As of October 20, 2026: 30 calendar days after the first and second failures; 180 after the third and subsequent failures within two years. Notice 26-18 shortens these to 15 and 60 days effective January 19, 2027, with transition provisions.
Total Cost Breakdown
Free Series 99 Prep Tools
229+ Practice Questions
Practice by topic with detailed answer explanations
AI Tutor Explains Mistakes
Understand why answers are wrong, not just which ones
Independent Study Resources
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What You'll Study
12 chapters covering the exam topics in this guide
Chapter 1: Customer Account Opening & Onboarding
6 sections
Chapter 2: Cashiering & Account Transfers
4 sections
Chapter 3: Custody, Control & Stock Records
4 sections
Chapter 4: Trade Reporting, Order Processing & Error Handling
4 sections
Chapter 5: Margin Operations & Securities Lending
5 sections
Chapter 6: Clearance, Settlement & Close-out Procedures
4 sections
Chapter 7: Customer Confirmations, Statements & Tax Reporting
5 sections
Chapter 8: Financial Responsibility, Carrying Agreements & Recordkeeping
6 sections
Chapter 9: Industry Conduct, Communications & Vendor Oversight
4 sections
Chapter 10: Customer Privacy, Data Protection & Shareholder Communications
5 sections
Chapter 11: Complaints, Red Flags & Senior Investor Safeguards
3 sections
Chapter 12: Supervisory Controls & Business Continuity
4 sections
Series 99 Exam Details
Operations Professional Qualification Examination
Administered by FINRA
Exam Content Breakdown
Based on the official FINRA content outline
Account opening and maintenance, transfers, custody and control, trade reporting, margin, settlement, confirmations, regulatory financial requirements, and books and records.
Customer and vendor dealings, privacy rules, complaint escalation, red flags, supervision, and business continuity controls.
What's Included
12 Chapters
Complete exam coverage
Practice Quizzes
With detailed explanations
Free to Start
No credit card required
Quality Exam Prep Shouldn't Cost Hundreds
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What's Next After the Series 99?
After passing the Series 99, you can pursue these career paths
Series 99 Exam FAQ
Official FINRA Resources
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