By Chuck Lowenstein, Senior Editor, Securities

 

FINRA regularly conducts a comprehensive review of the examination fee structure, including an analysis of the costs associated with developing, administering, and delivering examinations.  In this regard, the most recent review revealed that certain operational costs have increased and, based on current information, will continue to increase over the next few years. In particular, these costs consist of (1) fees that vendors charge FINRA for delivering qualification examinations, and (2) PROCTOR maintenance and enhancement expenses.

FINRA believes that the increase in fees will help to better align the examination program fees with these costs. The following table shows the current fees versus those that will go into effect April 2, 2012

 

Series 4 .............................. Registered Options Principal .................................................................................................. From $90 to $100.

Series 6 .............................. Investment Company Products/Variable Contracts Representative ...................................... From $85 to $95.

Series 7 .............................. General Securities Representative ......................................................................................... From $265 to $290.

Series 9 .............................. General Securities Sales Supervisor-Options Module ......................................................... From $70 to $75.

Series 10 ............................ General Securities Sales Supervisor-General Module ........................................................ From $110 to $120.

Series 24 ............................ General Securities Principal ................................................................................................... From $105 to $115.

Series 26 ............................ Investment Company Products/Variable Contracts Principal ................................................. From $85 to $95.

Series 27 ............................ Financial and Operations Principal ......................................................................................... From $105 to $115.

Series 28 ............................ Introducing Broker-Dealer Financial and Operations Principal .............................................. From $85 to $95.

Series 52 ............................ Municipal Securities Representative ....................................................................................... From $95 to $180.

Series 53 ............................ Municipal Securities Principal ................................................................................................. From $95 to $165.

Series 55 ............................ Limited Representative-Equity Trader .................................................................................. From $95 to $105.

Series 79 ............................ Investment Banking Qualification Examination ...................................................................... From $265 to $290.

Series 99 ............................ Operations Professional .......................................................................................................... $125 (No change - this is a new exam).

So, if you are planning on registering for an exam, you have 2 weeks to do so before the rates go up.