Series 16 (FINRA Series 16 — Supervisory Analyst) — Free Online Mock Test
Series 16 · 100 Q. Supervisory analyst — research report approval, FINRA/SEC rules on research, fundamental analysis & financial statement review. Pass 70%. · Official language: English.
Series 16 exam at a glance
Series 16 full-length mock tests
Attempt 50 full-length Series 16 mock tests, each a distinct question set built on the real 60-question, 180-minute pattern — with instant scoring and section-wise analysis. The first 3 are free.
Series 16 key facts & eligibility
| Conducting body | FINRA (Financial Industry Regulatory Authority) |
|---|---|
| Official website | finra.org ↗ |
| Mode | The Series 16 — the Supervisory Analyst Qualification Examination, which qualifies a person to approve research reports on debt and equity securities and certain other research communications. |
| Frequency | Offered year-round by appointment at Prometric test centres. |
| Scoring & marking | The exam has two parts — Part I (Regulations, 50 scored multiple-choice questions, 1 hour 30 minutes) and Part II (Valuation of Securities, 50 scored questions, 2 hours) — for 100 scored questions in total. Each part is passed separately, with a passing score of 72% for Part I and 74% for Part II. |
| Language | English. |
Who is eligible for Series 16?
Requires association with and sponsorship by a FINRA member firm. It does not have the SIE as a co-requisite (it is a standalone principal-level exam). A candidate who has passed CFA Level I with appropriate experience may be exempt from Part II.
Last verified July 2026 against FINRA — Series 16. Always confirm current details on the official website before you register.
Series 16 section breakdown
The Series 16 mock test on Wrexa Edge replicates the real exam's section structure — same names, same question count per section, same time limits. No inter-section breaks — the timer runs continuously.
-
Series 16 (60 Q)
Series 16 scoring & marking scheme
Strategy: Series 16 has no negative marking. Attempt every question — blank answers cost you potential marks but cannot pull your score down.
Scale: Series 16 (pass 700/1000).
How Series 16 is conducted
- Mode
- Test format
- Backtracking
- Mark for review
Series 16 time strategy
With 60 questions in 180 minutes, you have about 180 seconds per question on average. Successful candidates aim for the following pacing on each section:
- Series 16 (60 Q)
Wrexa Edge's analytics show your actual time-per-question after every mock so you can spot which sections you're losing time on.
Series 16 topics covered
Across the 50 Wrexa Edge variants of Series 16, the following topics appear most often (sample distribution from one variant):
Series 16 (60 Q)
- FINRA — Supervision · 5
- Series 79 — Rule 144 · 2
- Series 79 — Underwriting · 2
- Series 6 — Mutual Funds · 1
- Series 63 — USA · 1
- Series 63 — Definition · 1
- Series 63 — Howey Test · 1
- Series 63 — Agent · 1
Series 16 difficulty calibration
Advanced tier. Advanced-level: high-stakes exam with rigorous content depth. Expect 4-8 months of structured prep.
Series 16 · 100 Q. Supervisory analyst — research report approval, FINRA/SEC rules on research, fundamental analysis & financial statement review. Pass 70%. · Official language: English.
Verified content — Wrexa Edge's Series 16 bank has been deeply curated with real exam-aligned content (estimated 100% syllabus coverage).
How Wrexa Edge prepares you for Series 16
- Real test-day interface
- 50 distinct variants
- Detailed analytics
- Spaced repetition (Notebook)
- Optional proctoring
- Free to start
Expert take: what Series 16 really tests
The Series 16, from FINRA, is the Supervisory Analyst Qualification Examination, qualifying a person to approve research reports on debt and equity securities. It has two parts — Part I (Regulations, 50 scored questions, 1 hour 30 minutes) and Part II (Valuation of Securities, 50 scored questions, 2 hours) — for 100 scored questions in total, each passed separately at 72% for Part I and 74% for Part II. It requires firm sponsorship, does not have the SIE as a co-requisite, and a CFA Level I pass with experience may exempt Part II.
Preparation tips
- Prepare each part separately — they are passed independently.
- Focus Part II on valuation and financial-statement analysis.
- Remember the SIE is not required for Series 16.
Common mistakes to avoid
- Assuming one combined passing score — Part I is 72% and Part II is 74%.
- Expecting to need the SIE — it is not a co-requisite here.
Series 16 study plan
A phase-by-phase roadmap from your first concept to test-ready. Stretch or compress each phase to fit the time you have before your attempt.
- Research report rules
- Disclosure requirements
- Pass 72% on Part I
- Securities valuation
- Financial statement analysis
- Pass 74% on Part II
- Timed part-by-part practice
- Review both syllabi
- 100 scored questions total
Where Series 16 can take you
A strong Series 16 result opens up these careers and higher-study paths:
- Supervisory Analyst
- Research supervision
Best books & official prep for Series 16
- Series 16 content outline — FINRA
- Supervisory Analyst exam prep — Various
Official practice: Study the FINRA Series 16 content outline across regulations and securities valuation, and practise both parts separately (pass 72% and 74%).
Previous-year papers: FINRA publishes the content outline; commercial providers supply practice questions.
Frequently asked questions
- What is the Series 16 exam pattern?
- FINRA Series 16 — Supervisory Analyst contains 60 questions across 1 section: Series 16 (60 Q). Total duration is 180 minutes (about 180 seconds per question).
- Does Series 16 have negative marking?
- No — Series 16 has no negative marking. Each correct answer is worth 1 mark, so attempt every question.
- How is Series 16 scored?
- Scaled score range: 100 to 1000. Series 16 (pass 700/1000).
- How can I practise Series 16 online for free?
- Wrexa Edge gives you 3 free full-length Series 16 mock tests — with instant scoring, detailed explanations and analytics — plus 47 more with Pro. Start practising in under a minute, no card required.
- What is the difficulty level of Series 16?
- Series 16 is rated Advanced difficulty on Wrexa Edge. Advanced-level: high-stakes exam with rigorous content depth. Expect 4-8 months of structured prep. Series 16 · 100 Q. Supervisory analyst — research report approval, FINRA/SEC rules on research, fundamental analysis & financial statement review. Pass 70%. · Official language: English.
- How long is the Series 16 exam?
- Series 16 runs for 180 minutes total. On Wrexa Edge the timer is enforced exactly as on the real exam — including no inter-section breaks.
- What topics are covered in Series 16?
- Series 16 is split into: Series 16 (60 Q). Each section is timed and weighted separately. Series 16 · 100 Q. Supervisory analyst — research report approval, FINRA/SEC rules on research, fundamental analysis & financial statement review. Pass 70%. · Official language: English.
- What tools or aids are allowed during Series 16?
- No special tools are required. Note: real exam is proctored — Wrexa Edge mirrors this with a webcam-based proctoring flow you can enable.
- Is the Series 16 test adaptive?
- No — Series 16 is a fixed-form (linear) test. Every candidate sees the same number of questions per section.
- How many Series 16 mock tests does Wrexa Edge offer?
- Wrexa Edge generates 50 distinct Series 16 variants — each with different question content, not just shuffled options — the first 3 free for everyone and 47 more with Pro. That's 3000 unique practice questions in the real test-day interface.
- Is there a free Series 16 test series 2026?
- Yes. The Wrexa Edge Series 16 test series for 2026 gives you 3 free full-length mock tests (50 in total) plus subject-wise and topic-wise tests — instant scoring and detailed analysis, no card required.
- Are Series 16 previous year question–style papers included?
- Every Series 16 mock is modelled on the official exam pattern and the style of previous years' papers — the same 60-question structure, sections and marking — so your practice mirrors the real paper you'll sit.
- Which is the best free Series 16 mock test online?
- Wrexa Edge's Series 16 mock test replicates the real exam interface, timing and marking scheme, with instant score, section-wise analysis and 50 fresh variants — a strong free choice for 2026 preparation.
- Can I take the Series 16 mock test on mobile?
- Yes. Series 16 mock tests run in any browser on mobile, tablet or desktop — no app or download needed. Start on your phone and your progress and analytics sync when you sign in.
- What is the Series 16 syllabus?
- The Series 16 syllabus maps to its 1 section: Series 16 (60 Q). Wrexa Edge's mock tests cover the complete syllabus topic by topic — see the topics-covered breakdown above — so you practise every area at real exam difficulty.
- What is the eligibility for Series 16?
- Requires association with and sponsorship by a FINRA member firm. It does not have the SIE as a co-requisite (it is a standalone principal-level exam). A candidate who has passed CFA Level I with appropriate experience may be exempt from Part II. Wrexa Edge focuses on realistic Series 16 practice: 3 free full-length mocks in the exact exam pattern, ready whenever you are.
- When is the Series 16 exam and how should I prepare?
- Official Series 16 exam dates are announced by the conducting body for each cycle — check the latest notification for the current schedule. To be ready, follow a phased study plan and take full-length timed mocks; Wrexa Edge gives you 3 free Series 16 mocks with instant scoring so you can track your readiness week by week.
Related exams & practice tests
Candidates preparing for Series 16 also practise these on Wrexa Edge:
Browse more: All Finance & Professional exams → · All United States exams → · Full exam catalog →
Ready to ace Series 16?
Join thousands of candidates practising on Wrexa Edge. Free signup, 50 variants per exam, instant scoring.
Start practising free →