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If I fail the Series 3 or another proficiency exam, is there a waiting period before I can take the exam again?

Yes, effective November 2, 2009 individuals will be subject to the following waiting periods between exams if they have failed  the Series 3, Series 30, Series 31, Series 32 or Series 34 within the past two years:

  • A minimum of 30 days after failing the first exam before the second taking of the exam can be scheduled:
  • A minimum of 30 days after failing the second exam before the third taking of the exam can be scheduled:
  • A minimum of 180 days after failing the exam for the third time before the fourth taking of the exam (and each subsequent taking) can be scheduled.
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