The Series 11 Exam is for professionals who have an interest in working with the Stock Market but have no desire to become a licensed stockbroker. The long title for the Series 11 Exam is called the Assistant Representative Order Processing. This exam is not as harrowing as the dreaded Series 7 exam but it still takes preparation in order to pass.

Familiarize yourself with the composition of the exam. It is composed of 50 multiple-choice questions related to securities, securities regulation and stock markets.

Gain knowledge about different types of securities. Accounting for 30 percent of your overall exam score, this section includes Equity and Debt securities as well as other types of alternative securities.

Learn about the markets. Study the composition of the larger world stock markets such as the New York Stock Exchange, NASDAQ, the London Stock Exchange and the Nikkei 225.

Know how to manage and process customer accounts. This includes giving quotes, taking orders, order processing and properly completing customer account forms. Customer account forms make up 20 percent or your exam score and order processing is combined with markets to account for 40 percent of your overall exam score.

Study general securities regulations. Know the National Association of Securities Dealers (NASD) regulations. This section accounts for 10 percent of your exam score.


  • Get a sponsor. A brokerage firm must sponsor you in order to take the Series 11 exam.

  • Study hard. You must score at least a 70 percent in order to pass this exam.


  • You cannot bring your own calculator to this exam but the exam proctor will provide you one, if necessary.

  • Keep an eye on the time. The time limit on this test is one hour.