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Series 3 Exam
This exam is administered by the Financial Industry Regulatory Authority (FINRA) (previously the National Association of Securities Dealers (NASD)). The National Futures Association (NFA) requires an individual to successfully complete the Series 3 in order to become qualified to sell commodities or futures contracts.
| Time
Limit: |
2
hours and 30 minutes |
| Number
of Questions: |
120
questions |
| Passing
Score: |
70% |
| Format: |
Multiple
Choice |
| Enrollment
Fee: |
$95 US as of July 2007. Note that this is the examination enrollment fee ONLY--other fees may also apply. Please visit the FINRA Registration/Exam Fee Schedule for more information. |
| Prerequisites: |
N/A |
| Exam
Date(s): |
Any
weekday |
| Exam
Locations: |
Find
your U.S. or international exam center here |
| Official
Exam Website: |
http://www.nfa.futures.org |
For an in-depth breakdown of the topics tested, refer
to the PDF study outline provided by the National Futures
Association here.
Committing
acts against the Commodity Exchange
Act can result in fines up to:
a)
$25,000
b) $50,000
c) $100,000
d) $250,000
Answer
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