Exam Application

Unsponsored Securities Exams Certain securities licenses do not require prior authorization from NASD. In other words, affiliation with an NASD member firm is not necessary. Unsponsored exams include the Series 3, Series 30, Series 31, Series 63 and Series 65. If such is the case with the license you seek, then the responsibility for proper exam registration and scheduling lies with you. In order to register, you must submit Form U-10 (Uniform Examination Request for Non-NASD Candidates) along with the apporpriate testing fee to the NASD.

NASD  Contact

You may obtain a Form U10 application from: NASD, Inc.
9513 Key West Ave.,
Rockville, MD. 20850
(301) 590-6500

Exams Administration

NASD examinations are administered on the PROCTOR computerized testing system. PROCTOR is a nationwide, interactive computer system designed for the administration and delivery of qualification examinations.

When you have completed the exam, the PROCTOR System promptly scores your answers and within minutes displays a grade for the exam on the terminal screen.

Fee Schedules 

NASD Registration Application Fee - $85.00
NASD Fingerprint Processing Fee - $24.50
NASD SPR Fee - $95.00
This fee covers the processing of Form U-4 filings that require special Registration Review due to either a yes answer on pg. 3 of the U-4 or disciplinary info. in the individual's CRD record.

Examination Fees:
Series 6 - $60.00
Series 7 - $150.00
Series 63 - $65.00
Series 26 - $75.00
Series 24 - $75.00

Exam ID

Take one form of personal identification that bears your signature and your photograph as issued by a government agency. You are not allowed to take reference materials or anything else into the testing area. Calculators will be available upon request; you will not be allowed to use your personal calculator.
Scratch paper and pencils will be provided by the testing center.

Schedule an Exam

n order to take an examination you must first become enrolled on the PROCTOR System. Your firm must have filed an application and an examination fee with the NASD. In return you will receive an PROCTOR enrollment or confirmation of enrollment, along with a listing of current PROCTOR test centers. This confirmation of enrollment has an expiration date, and you must take your examination prior to that date.

You cannot schedule an appointment if you are not enrolled, and you cannot schedule a test beyond the 90-day enrollment period. The staff of a test center cannot help you if your enrollment does not exist or it has expired. You will need to reapply to the NASD by filing another application and another testing fee before you can be re-enrolled on the system.

You may schedule your test date by calling the national number at 800-578-6273.

Cancelling Apointments

NASD prohibits making extensions on examination. If you have made an appointment and you find that you cannot make the test date scheduled, it is imperative that you cancel your appointment with the test center properly, or you may incur additional fees. Under NASD guidelines, an appoint cancellation will be considered timely if effected according to the following schedules:

If appointment is scheduled for:    Cancellation must be made before noon on:

Monday                                         Thursday of the preceeding week.

Tuesday                                        Friday of the preceeding week.

Wednesday                                   Monday of the preceeding week.

Thursday                                       Tuesday of the preceeding week

Friday                                            Wednesday of the preceeding week

If you follow the guidelines provided, you may cancel or reschedule your examination without penalty. If you do not, the NASD will charge member-firms a cancellation fee equal to the amount of the examination fee. The same cancellation fee will be charged if you do not show up for an appointment, or if you arrive too late to take the examination. You will be considered too late if your arrival and subsequent testing will upset the schedule for the test center for that date.