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Series 38 exam is the Canada Module of the Series 7, or the Series 38 exam, is designed and administered by FINRA. This exam is for individuals who are both registered and in good standing with one of the securities organizations in the Canada. Successfully passing the Series 38 exam allows these individuals to extend their license to the United States.
Topics for the Series 38 exam are the same as those for the Series 7 exam. Basically the Series 38 exam is an abbreviated version of the Series 7 exam without options questions.
The Series 38 exam is a 45 question, multiple-choice test that must be completed within 1 hours and 15 minutes. Cost for this exam is $175.00. Please note that this cost only represents the registration fee for the Series 38 exam. There will most likely be other fees involved with scheduling, scoring or study
Candidates should be aware that there are prerequisites for the Series 38 exam. In order to be eligible for this exam, candidates must have a current CAN registration.
The Series 38 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.