FINRA Proposes Changes To Qualification Examination Fees

FINRA proposed amendments to the fees for the qualification examinations of broker-dealer representatives under FINRA's restructured qualification program. The program goes into effect on October 1, 2018. The rule change will amend Section 4(c) of Schedule A of the FINRA By-Laws to:

• establish a $60 fee for the new Securities Industry Essentials examination;
• reduce the fees for most of the revised representative-level exams; and
• remove references to examinations that FINRA is withdrawing under the new qualification program, including the Options Representative (Series 42), Corporate Securities Representative (Series 62) and Government Securities Representative (Series 72) examinations.