The series 99 exam tests a number of complicated concepts that go far beyond general securities knowledge. Being able to work through the application of advanced operational and regulatory responsibilities will be key to a candidate’s success. Most individuals find that the exam is challenging in the way these questions are presented. You must be able to read the question and identify what the question is asking. This is absolutely key and it is not as easy as it sounds. If you are new to the industry or new to the operations department, you may find it hard to master the advanced concepts right away. In order to pass the exam and become series 99 licensed you must demonstrate that you have mastered these areas. Stick with it and stay focused on the concept until you have it down. Every person who sits for the series 99 exam has a different background. What one person finds easy to master, another may find very hard. Most people find the content relating to buy ins, sellouts, margin and settlement to be among the most difficult. You should prepare for the exam by reading a textbook completely with a highlighter. Take notes and work through the more difficult topics. Some of the question on the series 99 exam are hard but with careful preparation you will be successful. We cannot stress enough that you must read the book, there are no shortcuts and students need to understand this. You must clear your schedule, shut off your phone and focus. In addition to obtaining the knowledge required by the exam, you must master the application of the information by taking as many practice questions as you can. We recommend at least 60 – 70 hours of preparation to ensure you pass your series 99 exam and become licensed as an operations professional.