06-08-2015, 03:52 PM
Prloko Wrote:According to that document, the series 7 counts for:I have the series 66 as well which is a uniformed combined state exam which is essnetially the 63 AND the 65 in one test. It is TECHNICALLY both licenses in one license. There is a ton of rules and ethics involved in that exam. Now when I called the lady mentioned that It was a combination of the 7/66 or 7/63 to receive those 6 credits, I'm not sure if that document has been updated.
3 UL Finance Markets or Investment Broker
3 UL Marketplace Ethics
Since you already have Fin Mkts as a course, you can get it accepted as a brokers course maybe. The other is an ethics course. They may try to throw that one into the ethics requirement. If they do that, I would ask them to move it to your area of study because there are other exams that can cover ethics.
Prloko Wrote:I think you got it.
Its a matter of ease vs cost.
You know how cleps are arranged because you have taken them before. If you knock out the 6 UL, you will need 4 CLEP/DSST exams. This site, instacert and free-clep-prep have CLEP/DSST down to a science.
So your cost would be:
Enrollment fee(approx $3K),
CLEP/DSST exam fee (80-100 each, so about $400),
Any proctor fees(from 0 to 50 depending),
Applicaton fee ($75),
Graduation fee ($299),
transcripts (varies),
gas (2.75 p/g and rising),
study time (priceless).
If you do the Per Credit option:
Application Fee ($75),
TECEP exams ($888 total for 8 exams),
proctor fee*,
graduation fee,
transcripts,
gas,*
study time.
* They were transitioning to proctor u where you could do them at home, I'm not sure if every exam has switched over yet.
My estimate (of course depending on the acceptance of your FINRA) for you.
enroll/clep- about $4000 and 3-6 months.
per credit/TECEP- $about $1200 and 6-12 months.
Seems like you think the per credit/tecep way is the way to go...I don't see why an extra half a year and a substantial savings is not the way to go.


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