Definition of Series 28 Exam

Series 28 Exam is the Introducing Broker, Dealer Financial and Operations Principal (FI) exam, or the Series 28 exam, is designed and administered by FINRA. This exam focuses on testing a candidate’s knowledge and understanding around the areas of financial responsibility and recordkeeping requirements of firms that do not carry customer accounts, hold customers funds or hold customer securities.

Topics for the Series 28 exam include:

  • Keeping and Preservation of Records and Broker/Dealer Financial Reporting Requirements
  • Uniform Practice Rules
  • Customer Protection
  • Net Capital Requirements
  • Other Relevant Regulations and Interpretations

The Series 28 exam is a 95 question, multiple-choice test that must be completed within 2 hours. Cost for this exam is $95.00. Please note that this cost only represents the registration fee for the Series 28 exam. There will most likely be other fees involved with scheduling, scoring or study materials.

Applying "Series 28 Exam" to Securities Exams:

Candidates should be aware that unlike some FINRA exams, there are no prerequisites for the Series 28 exam.

The Series 28 exam, like all FINRA exams, can be taken at any Pearson Vue testing center. Pearson Vue has testing centers in most large and medium sized cities throughout the country and is open six day a week, making it a nice choice for candidates. This exam is available year round.

Potential candidates for this exam should note that while the exam is available year round, it cannot be taken on Sundays. This fact should be kept in mind when you are scheduling your exam and choosing your testing locations.

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