Free Series 99 – Operations Professional Exam Questions and Answers
Series 99 – Operations Professional Exam is part of FINRA qualification examinations from the Financial Industry Regulatory Authority. FINRA administers the qualification examinations for the US securities industry, including exams it delivers on behalf of other bodies — the Series 63, 65 and 66 are NASAA exams sat through the same system. Passing scores are set per exam rather than shared across the programme.
The first 10 questions on this page are free to read, answers included — no account and no card. A plan opens the rest of the bank, the full timed practice test and your weak-topic reporting.
Last updated: September 11, 2026
- Provider
- FINRA
- Questions in our bank
- 1000+
- Free to read
- First 10, with answers
- Official page
- Official Exam website
- Our test mode duration & pass mark
- 130 mins · 70%
- Verified answers
- Reviewed weekly
Recommended: Switch to Test Mode to start a practice test that simulates the real exam experience.
Question #1
What is the primary function of the Operations Professional in a brokerage firm?
Please select an optionIncorrectCorrect answer: D
The primary function is to settle trade transactions and ensure that all operational processes are followed.
Was this answer correct?Question #2
In a trade, what document confirms the details of the transaction?
Please select an optionIncorrectCorrect answer: C
The confirmation document details the specifics of the trade for both the buyer and seller.
Was this answer correct?Question #3
Which regulation outlines the requirements for brokers in the selling process?
Please select an optionIncorrectCorrect answer: D
FINRA Rule 2111 provides guidelines for suitability in recommending investment products to clients.
Was this answer correct?Question #4
What is the role of a clearing firm?
Please select an optionIncorrectCorrect answer: B
Clearing firms are responsible for ensuring that trades settle correctly.
Was this answer correct?Question #5
For how long must a firm retain records pertaining to its customers?
Please select an optionIncorrectCorrect answer: B
Firms must retain customer records for at least 5 years per regulatory standards.
Was this answer correct?Question #6
What is the minimum net capital requirement for most broker-dealers?
Please select an optionIncorrectCorrect answer: C
Broker-dealers generally must maintain a minimum net capital of $100,000 to ensure solvency.
Was this answer correct?Question #7
When must a firm report a suspicious transaction?
Please select an optionIncorrectCorrect answer: B
Firms must report suspicious activities or transactions immediately to regulatory authorities.
Was this answer correct?Question #8
Which document outlines a firm's policies and procedures for anti-money laundering?
Please select an optionIncorrectCorrect answer: B
The compliance manual includes specific details about anti-money laundering policies and procedures.
Was this answer correct?Question #9
What is the primary purpose of the Know Your Customer (KYC) rule?
Please select an optionIncorrectCorrect answer: A
KYC is mainly aimed at preventing financial crimes like money laundering by verifying client identities.
Was this answer correct?Question #10
Who bears the risk of a trade until it is settled?
Please select an optionIncorrectCorrect answer: D
Between the time of trade execution and settlement, both parties assume certain risks until the trades are finalized.
Was this answer correct?
Continue with Series 99 – Operations Professional Exam
Unlock the full question bank
You have read the first 10 questions. A subscription opens every question in Series 99 – Operations Professional Exam, the full timed practice test, and your progress and weak-topic reporting.
Single exam
$19.99for 30 days
Full question bank and practice test for one exam, for 30 days.
ChooseSingle exam
$49.99for 1 year
One exam for a full year. Nothing renews and nothing to cancel.
ChooseFull access
$39.99/mo
Every exam in the catalogue, month to month.
ChooseFull access
$199.99/yr
Every exam in the catalogue for a year.
Choose
Already subscribed? Sign in to pick up where you left off.
Other FINRA certifications
- Series 7: General Securities Representative Qualification Examination (GS) (opens in a new tab)
- Series 52 – Municipal Securities Representative Exam (opens in a new tab)
- Series 22 – Direct Participation Programs Representative Exam (opens in a new tab)
- Series 57 – Securities Trader Exam (opens in a new tab)
- Series 51 – Municipal Fund Securities Limited Principal Exam (opens in a new tab)
- Series 82 – Private Securities Offerings Representative Exam (opens in a new tab)
Reviews
★★★★★
This platform is a lifesaver. The practice questions and explanations are so detailed. It’s the best study tool I’ve ever used.
Hannah Smith
USA
★★★★★
I highly recommend Exam Practice. The feedback after each test helped me improve significantly, and I passed my exams easily.
Oscar Nyström
Sweden
★★★★★
Exam Practice is worth every penny. The mock exams are realistic, and the feedback helped me focus on key areas.
Amit Sharma
India
FAQ
Learn More: https://www.finra.org/registration-exams-ce/qualification-exams
- Q1: What is the Series 99 – Operations Professional Exam exam?
- A: Series 99 – Operations Professional Exam is a FINRA certification exam. Judging by the questions in our bank, it concentrates on firm, brokerage, trading, firms and trade.
- Q2: What topics does the Series 99 – Operations Professional Exam exam cover?
- A: Questions in our Series 99 – Operations Professional Exam bank cluster around firm, brokerage, trading, firms, trade, finra, trades and broker-dealer. Working through the full set is the quickest way to find which of these you are weakest on.
- Q3: How should I prepare for Series 99 – Operations Professional Exam?
- A: Work through the Series 99 – Operations Professional Exam practice questions here, checking your answer on each one, then sit the practice test to rehearse the exam under timed conditions before the real thing.
- Q4: Are these real Series 99 – Operations Professional Exam exam questions?
- A: They are drawn from officially released past questions and from community members who have sat Series 99 – Operations Professional Exam. Answers are verified and updated weekly.
- Q5: Where do I register for the Series 99 – Operations Professional Exam exam?
- A: Register through FINRA directly at https://www.finra.org/registration-exams-ce/qualification-exams. Exampractice is not affiliated with FINRA and does not administer the exam.
- Q6: Is there a free Series 99 – Operations Professional Exam sample?
- A: Yes. Every Series 99 – Operations Professional Exam page shows a free sample of real questions. Upgrading opens the full bank and the practice test.
- Q7: What are FINRA Certification Exams?
- A: FINRA (Financial Industry Regulatory Authority) Certification Exams validate your expertise in the financial services industry. These exams assess your knowledge of securities regulations, investment products, ethics, and best practices for financial professionals. They are necessary for obtaining various licenses required to work in different roles within the financial industry.
- Q8: Why should I pursue FINRA Certification?
- A: FINRA Certification enhances your professional credibility, showcasing your understanding of securities laws and regulations. This can lead to better job opportunities, higher salaries, and career advancement in the financial services industry.
- Q9: What are the benefits of FINRA Certification?
- A: Benefits include recognition as a certified financial professional, compliance with industry regulations, improved job performance, access to exclusive resources, and staying current with the latest financial industry standards and practices.
- Q10: Who should take FINRA Certification Exams?
- A: Financial advisors, brokers, investment bankers, compliance officers, and anyone involved in the trading, advising, or managing of securities and investments should consider these certifications to validate their expertise and advance their careers.
- Q11: What types of FINRA Certification Exams are available?
- A: FINRA offers various certification exams, including:
- Q12: How do I prepare for FINRA Certification Exams?
- A: Preparation can include official FINRA study materials, preparatory courses, practice exams, online tutorials, and hands-on experience in the financial industry.
- Q13: Where can I take FINRA Certification Exams?
- A: FINRA Certification Exams can be taken at authorized testing centers nationwide, providing flexibility to fit your schedule and location.
- Q14: How do FINRA Certifications impact my career?
- A: FINRA Certifications significantly boost your career by demonstrating your expertise to employers, making you a more competitive candidate for advanced roles and promotions in the financial services industry.
- Q15: Are there any prerequisites for FINRA Certification Exams?
- A: Some exams may have prerequisites, such as sponsorship by a FINRA member firm or prior completion of other specific exams. Check the specific requirements for each certification path on the FINRA website.
- Q16: How often do I need to recertify for FINRA Certifications?
- A: FINRA Certifications typically require continuing education and periodic renewal to ensure that certified professionals stay updated with the latest financial industry regulations and practices.