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FINRA Series 82 Private Securities Offerings Representative Qualification Examination
600 questions
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About this exam
The FINRA Series 82 Private Securities Offerings Representative Qualification Examination assesses whether a candidate has the knowledge needed to participate in the sale of private placement securities. It is relevant to representatives working with issuers and investors in private offerings, including some financial-services professionals in bank or insurance settings. The Series 82 is a securities qualification exam, not a general banking or insurance license. Candidates typically need sponsorship from a FINRA member firm to register, and must also meet applicable registration requirements.
Series 82 questions cover private offering transactions, investor and issuer information, sales practices, records, and regulatory responsibilities. Key study areas include Securities Act exemptions, Regulation D Rules 504, 506(b), and 506(c), accredited investor standards and verification, issuer eligibility, offering limits, and integration. The exam uses multiple-choice questions and tests practical application as well as definitions. For 2027–2028 preparation, use the current FINRA exam page and content outline to confirm the format and requirements, then review rules in context rather than relying on memorization alone.
How to Prepare for the FINRA Series 82 Exam
- Study the current FINRA Series 82 content outline, then organize review around private offering transactions, regulatory obligations, and the relevant securities laws.
- Compare Rules 504, 506(b), and 506(c), focusing on investor limits, solicitation rules, accredited investor verification, and how offering integration can affect an exemption.
- Use timed multiple-choice practice to identify weak areas, read explanations for both correct and incorrect choices, and verify legal details against current FINRA and SEC materials.
FAQ
Who is eligible to take the Series 82 exam?
The Series 82 is intended for individuals seeking qualification as private securities offerings representatives. Registration generally requires sponsorship by a FINRA member firm, which submits the candidate's registration. Check FINRA's current registration guidance for applicable prerequisites.
What is the format of the Series 82 exam?
It is a computer-based multiple-choice qualification exam. The number of questions, testing time, and other administration details can change, so confirm the current specifications on FINRA's Series 82 exam page before scheduling.
What subjects should I study for the Series 82?
Focus on private placement transactions and applicable securities rules, including Securities Act exemptions and Regulation D, accredited investor standards, issuer and offering requirements, sales practices, and recordkeeping. Use the current FINRA content outline to guide your review.