📝 Series 66 Realistic Exam – Practice Set B Solutions

The Series 66 exam is a critical step for professionals pursuing a career as investment adviser representatives and securities agents. To help candidates prepare more effectively, Practice Set B offers a challenging, exam-like experience with questions that reflect the style, format, and complexity of the actual Series 66 exam. Below are detailed solutions and explanations for each question to support your review and deepen your understanding.

📘 Why Use Practice Set B?

• 🔍 Simulates real exam conditions
• 🧠 Enhances conceptual understanding through explanation-based learning
• 📈 Identifies weak areas that require further study
• ⏱ Builds speed and accuracy under timed pressure

📚 Topics Covered

• 📑 Uniform Securities Act and state law
• ⚖️ Ethics and fiduciary responsibilities
• 🧾 Economic factors and business information
• 💼 Investment recommendations and strategies
• 👤 Client profiles and suitability standards
• 🛡️ Regulations and compliance

💡 Sample Question and Explanation

Question 14:
An agent recommends a high-risk limited partnership to a conservative elderly client who is primarily concerned with capital preservation. This action represents:
A. Churning
B. Unsuitable recommendation
C. Selling away
D. Unauthorized transaction

✅ Correct Answer: B. Unsuitable recommendation
This recommendation is inappropriate for the client’s stated objectives and risk tolerance. Suitability obligations require agents to recommend investments that align with the financial profile, age, investment goals, and risk appetite of each client. Recommending a high-risk investment to a conservative client violates this principle and can result in disciplinary action.

🛠️ How to Maximize Your Practice

• Take the full set of 100 questions in one sitting under timed conditions
• Review all explanations, even for questions answered correctly
• Keep a log of repeated mistakes to identify patterns
• Supplement with targeted reading in weaker topic areas
• Use spaced repetition to reinforce concepts over time

🔎 What Makes This Set Unique?

• Written by FINRA exam specialists
• Reflects current NASAA exam outlines
• Detailed, plain-language explanations
• Designed to reinforce both rules-based and scenario-based thinking
• Effective for both first-time and retake candidates

🎯 Start mastering the Series 66 with high-quality practice and expert-level guidance. Access the full course, practice sets, and exam prep tools at
👉 finra-exam-mastery.com