Failed your FINRA Exam? Retake with confidence!

Taking a Financial Industry Regulatory Authority (FINRA) exam is a major step in your career in the securities industry. These exams, ranging from the SIE Exam to the Series 7 and beyond, are challenging even for seasoned professionals.

A failing score can feel discouraging, but it’s important to remember that failing doesn’t mean the end of the road. This comprehensive guide breaks down what happens if you fail a FINRA exam and how you can strategize your way to success on your next attempt.

Understanding FINRA exam challenges

FINRA exams, including the Securities Industry Essentials (SIE) Exam and Series 4, 6, 7, 24, and more, are specifically designed to test your knowledge and skills within financial regulations, securities laws, and compliance standards. Passing these exams is often a requirement for roles in the finance and securities industry.

Why are FINRA exams considered difficult?

Each exam is structured to evaluate a candidate’s understanding of complex topics. Topics like securities regulation, investment products, and compliance procedures require in-depth knowledge. For example, the Series 7 exam, considered one of the toughest, requires extensive preparation to master its broad subject matter.

Common concerns among test takers:

What if I fail? It’s a normal question. Many people fail their exams on their first try, but a retake is always possible.
How soon can I retake the exam? The FINRA retake policy may differ depending on the exam, but candidates typically face waiting periods to retake exams.
How much does it cost? Retake fees can add up. Thankfully, providers like STC offer price matching and even a pass guarantee to make passing affordable.
How STC can help you succeed

With features like STC’s Pass Guarantee, personalized study plans, and price matching, you’re equipped to tackle challenges head-on. Comprehensive tools and resources optimize your chances of passing the exam affordably.

What Happens If You Fail a FINRA Exam?

Failing a FINRA exam can feel discouraging, but it’s not the end of the road. Many candidates do not pass on their first attempt, and FINRA allows retakes with specific waiting periods.

Here’s what you need to know about what happens next:

Exam-specific retake policies

FINRA has set policies for retaking exams:

First failure: For many FINRA exams, the first failure means you must wait 30 days before trying again.
Second failure: A second failed attempt also requires a 30-day wait.
Third failure and beyond: After a third failure, candidates face a 180-day waiting period for additional retakes. This policy applies to all subsequent attempts.

These waiting periods emphasize the importance of hitting the books and adjusting your study strategy.

FINRA exam fees:

SIE Exam: $80
Series 6 Exam: $40
Series 7 Exam: $300
Series 24 Exam: $150
Note that fees vary depending on the exam type

Additional costs:

Test center fees (if applicable)
Study materials (if you switch providers or update resources)
Time off work (if intensive study is required)

If you’re sponsored by a firm, it’s worth confirming whether they cover retake fees. For independent candidates, every dollar counts, which is why STC’s price match ensures you’ll always get the best deal on your preparation resources.

How to improve and pass on your next attempt

Failing a FINRA exam is never the end of the story. Here’s how to regroup and prepare for success:

Analyze your score report

Your score report highlights the areas where you fell short. Use it as a roadmap to guide your study efforts, pinpointing weak areas requiring extra attention.

Invest in quality study materials

STC offers advanced tools to help boost your confidence and knowledge:

Pass Guarantee ensures no risk to your investment.
Adaptive learning dynamically adjusts your study plans based on your performance.
Testing tools like flashcards, practice tests, and personalized study guides help reinforce learning.

Compare FINRA exam prep providers

STC outshines other providers like Kaplan, ExamFX, and Securities Institute with:

A flexible price match policy
Innovative adaptive learning technology
Personalized coaching and comprehensive study resources
A full Pass Guarantee

With STC, you can ensure you’re working with the most reliable tools.

FAQs about failing a FINRA exam

How many times can I fail the FINRA exam?

There are no limits to the number of attempts, but you must adhere to retake policies (30 days after the first and second attempts, 180 days after three or more failed attempts).

Do I need new sponsorship if I fail the exam?

No, failing doesn’t affect your current sponsorship. However, check with your firm to confirm retake sponsorship.

Should I switch study providers after failing?

If you feel your current provider’s resources aren’t helping, it’s worth exploring better-rated support like STC.

What’s the best way to study after failing?

Review your weak areas, invest in trusted study tools, and follow a structured study plan tailored to your exam.

Next steps get back on track with STC

Failing a FINRA exam doesn’t define your ability to succeed in this industry. Don’t let a failed attempt hold you back.

With proper preparation and the right tools, you’ll be ready to pass on your next attempt. STC provides adaptive learning tools, a full Pass Guarantee, and expert guidance. With our help, you can improve your score and pass your retake with confidence.

Most candidates pass after retaking the exam!

STC study prep materials

STC’s Pass Guarantee ensures you have everything you need to succeed without breaking the bank. Retake your FINRA exam with confidence and take one step closer to your professional goals.

Here are helpful links to STC’s study prep courses. The SIE exam is taken in combination with these other FINRA exams: