Is There a Limit to How Many Times I Can Fail?

Yes, there is a limit to how many times you can fail a FINRA exam like the Series 7 or Series 6, and it varies depending on the exam and the number of attempts. Here’s what you need to know:

1. Number of Attempts Before a Waiting Period

• For most FINRA exams (like Series 7, Series 6, Series 65):
  • You can fail up to two times without any extended waiting period.
  • After three failed attempts, you must wait 180 days (about six months) before you can retake the exam.

2. What Happens After Three Fails?

• After failing three times, you must wait 180 days before you can reattempt the exam.
• This waiting period applies to most exams such as the Series 7 and Series 6, but always check the specific exam rules on the FINRA website for any variations.

3. Reapplication Process

• If you’ve failed three times, you will need to reapply to take the exam and pay the exam fee again.
• After the waiting period, you must have your sponsoring firm re-register you before taking the exam.

4. Strategies to Avoid Failing Multiple Times

• Review performance reports: After each attempt, review the areas where you struggled and focus your studying on those topics.
• Practice more: Use realistic practice exams under timed conditions to simulate the actual test experience.
• Consider additional study resources: If you failed a few times, it might help to join a study group, hire a tutor, or take a structured prep course.

5. Special Circumstances

• In rare cases, such as for candidates with specific disabilities, FINRA may provide accommodations or different retake rules. Always check with FINRA if you have special circumstances.

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