| Depression of exams in series 79 | ||
|---|---|---|
| Function | Number of questions | Exam percentage |
| 1. Collection, analysis, data evaluation | 37 | 49% |
| 2. Subscription / new financing, types of offers, recording of securities | 20 | 27% |
| 3. M & A, tenders, financial restructuring | 18 | 24% |
The candidates have half past two hours to complete the exam.
79 prerequisite series
There are no prerequisites to take the examination of the 79 series, although the candidates must also take the SIE exam as a co -rod. Applicants must however be sponsored by a FINRA or a member of the self -regulating organization before being able to take the exam. At $ 245 costs must be paid to take the exam.
Series 79 Authorized Activities
As indicated above, examination of the 79 series tests individuals on the knowledge and skills they need to work in the investment bank sector. Those who pass the 79 series and become under license can engage in the following activities:
Question subjects of series 79
There are a number of different preparation courses and resources available for candidates who need advice before taking the 79 series exam. The following is a list of subjects discussed by the exam.
Function 1
As indicated above, this subject covers the collection, analysis and evaluation of data. The subjects include the trend and analysis of the company, the securities offers and the activity of mergers and acquisitions. Individuals are also tested on the investor analysis and shareholder data, financing possibilities for companies and due diligence process.
Function 2
This function tests the knowledge of a candidate on questions relating to subscription and new financing, as well as different types of offers and recordings in securities. Test candidates may have to answer questions on filing requirements, subscription agreements, subscription commitments and details on funding Agreements (registration, invoicing and finalization of transactions).
Function 3
The last function of the examination tests knowledge in mergers and acquisitions, tenders and financial restructuring transactions. Applicants can be questioned about their knowledge of mergers and acquisitions on the sale side (configuration, marketing and finalization), transactions on the buy, regulations concerning tenders and complaints in the bankruptcy process.
Details of the series 79
The exam is closed. Applicants are not allowed to provide reference documents with them when they pass the test. It can be administered in a local or proxy test center online. The examination centers provide calculators with four functions, scratch paper, pens, headphones and noise tissues (if necessary). Those who choose the online option must go through inspection and connection requirements. They receive an online calculator and a virtual notepad to use during the exam.
Important
Finra makes adaptations for people who may need help, AIDS or modifications, such as large printing books and private test rooms.
FAQ of the 79 series
Is the 79 series more difficult than the SIE exam?
Examination of the 79 series is generally considered to be more difficult than examining the essential elements of the securities industry (SIE). The SIE exam is normally taken first and, as such, is considered an introduction to the examination of the 79 series, which tests individuals on concepts at a more advanced and higher level.
What allows you to have a 79 serial license?
People who manage to take the exam and obtain a 79 serial license in the investment bank as an analysts or bankers. They are authorized to advise customers, to facilitate debt and equity offers, to participate in mergers and acquisitions, to make tenders, to make financial restructuring and asset sales, as well as business reorganizations.
What is the 79 head examination of the 79 series?
Examination of the 79 series tests people who wish to become approved to sell investment banking products. This is part of the license process to receive a 79 serial license.
How long does it take to study for the examination of the 79 series?
The time required to study for the examination of the 79 series depends on the individual. But it is generally necessary between 60 and 100 hours to prepare for the exam. Interested candidates can also buy a series of preparation materials at a cost.
Is the 79 series examination based on computer?
You must take the 79 series exam to a computer, in the same way you would with any other titles exam.
When can I take the 79 series exam?
You can take the exam within 120 days of the date on which you register. You must make an appointment from the dates available in this 120-day period after completing the registration.
What is the score of passing the 79 series exam?
You should get at least 73% if you want to successfully examine the 79 series.
How long should I wait to resume examination of the 79 series if I run up?
You have to wait 30 days before you can rewrite the 79 series exam if you fail. The waiting period is extended at 180 days if you fail three times in a row. Your business must restart you before you sit for any recovery. You are also responsible for paying full costs for any subsequent attempt to take the exam.
The bottom line
Financial professionals are regulated and must respect the rules established by the financial authorities. To be recorded, these people must be eligible and take certain exams to work in their fields. Examination of the 79 series administered by FINRA allows registered representatives to work in the investment bank sector. These professionals can facilitate a number of areas, including debt offers, asset sales, mergers and acquisitions and restructuring activities.